Posted by Edition Nine
February 2018
The Property Pulse is an easy to read snap shot of what is happening in the property market and wider economy. Current, relevant facts and figures collated together to help you stay up to date on what is important.
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Contents
The Market Pulse
House Prices
The Real Estate Market
The Rental Market
Market Influences
The Market Pulse in January 2019
January has been an eventful month with Waikato, Manawatu/Wanganui, Marlborough, Otago and Southland achieving record median house prices. Auckland and Canterbury
Auckland’s median house price of $800,000 is the lowest we’ve seen for 35 months. Although areas such as Manukau City, Waitakere City and Auckland City have experienced decent annual increases, showing that there is still good growth within the Auckland region.
In total, 14 of the 16 regions are showing an increase in median house price when compared to January 2018, with 9 regions reporting more than a 10% increase. When compared to last month, 9 of the 16 regions are showing an increase, 3 more than last months report.
The median number of days to sell a property has lengthened when compared to this time last year. Nationally – 48 days (from 46 days in January 2018), New Zealand excluding Auckland – 46 days (the same as January 2018) and Auckland reporting 51 days (6 days longer than January 2018).
Looking at the mean weekly rent for our six main city
Reported mortgage interest rates for January do not display any notable change. Fixed rates
Enjoy reading. Another report from the team will follow next month.
With Compliments.
The Property Crowd
Median House Prices
| New Zealand Median House Price | $550,000 |
| New Zealand Median House Price – Excl Auckland | $473,300 |
Source: https://www.reinz.co.nz/residential-property-data-gallery
Median House Prices City / Region Breakdown
Source: https://www.interest.co.nz/charts/real-estate/median-price-reinz
This table shows monthly median house prices. The data is sourced from REINZ via interest.co.nz and is subject to revision. The ‘median price’ is the middle price. It is different from the ‘average price’ (also known as the ‘mean price’). REINZ uses medians to provide a more accurate measure of the “mid-point” of house prices that reflects what most people are going to be buying and selling houses for. For more information about Median Prices see https://www.reinz.co.nz/statistics
Source: CoreLogic Monthly Property Market & Economic New Zealand Update Jan 2019
Median Days To Sell
| Location | Jan 19 | Jan 18 |
| Nationally | 48 | 46 |
| New Zealand – Excluding Auckland | 46 | 46 |
| Auckland | 51 | 45 |
Source: REINZ Monthly Property Report 14 Feb 2019
Nationwide Sales Volumes
Source: CoreLogic Monthly Property Market & Economic New Zealand Update Jan 2019
Regional Sales Volumes Year-on-Year
Source: CoreLogic Monthly Property Market & Economic New Zealand Update Jan 2019
Total Listings
Source: CoreLogic Monthly Property Market & Economic New Zealand Update Jan 2019
Buyer Classification – New Zealand
Source: CoreLogic Monthly Property Market & Economic New Zealand Update Jan 2019
Average Value of Housing Stock – Auckland
Source: CoreLogic Monthly Property Market & Economic New Zealand Update Jan 2019
Gross Rental Yield – National
Source: CoreLogic Monthly Property Market & Economic New Zealand Update Jan 2019
Median Weekly Rent and Yield (Main City Centres)
Medium Weekly Rent Source: http://www.mbie.govt.nz/info-services/housing-property/sector-information-and-statistics/rental-bond-data
Gross Yield Source: CoreLogic Monthly Property Market & Economic New Zealand Update Jan 2019
Mortgage Interest Rates %
Source: CoreLogic Monthly Property Market & Economic New Zealand Update Jan 2019
Population Growth Compared to Building Consents
Source: CoreLogic Monthly Property Market & Economic New Zealand Update Jan 2019
Property Pulse
Edition Nine: February 2019
Date of Publication: 22 February 2019
The Property Crowd Ltd
http://www.thepropertycrowd.co.nz .
The Property Pulse has been proudly prepared with data & insight from CoreLogic.
This publication contains data, analytics, statistics, results and other information licensed to us by CoreLogic NZ Limited (CoreLogic Data).
© Copyright 2018. CoreLogic NZ Limited (CoreLogic) and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsisting in the CoreLogic Data reproduced in this publication. All rights reserved. The CoreLogic Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.
While CoreLogic uses commercially reasonable efforts to ensure the CoreLogic Data is current, CoreLogic does not warrant the accuracy, currency or completeness of the CoreLogic Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the CoreLogic Data.
Disclaimer: The Property Pulse contains information about the New Zealand property market and wider New Zealand economy. The information in this publication has been sourced from a number of external independent sources. Whilst every care has been taken to ensure the accuracy, currency and completeness of the data, no warranty of this is provided. The Property Crowd are not liable for any loss or damage, except that which cannot be excluded by law, arising in connection with the data and commentary contained in this publication. The information in this report is not advice, and should not be treated as such. It is general information only, it has been prepared without considering your personal situation and investment objectives. Before making any decision in relation to The Property Crowd, seek independent financial advice.
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