New Zealand Property Investors' Federation

The NZPIF is the umbrella body for 20 local Property Investors' Associations throughout New Zealand.

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News & Updates

Recent updates

13-11-2009

REINZ residential highlights - October 2009

Landlords.co.nz

The latest statistics from the Real Estate Institute of New Zealand (REINZ) show a buoyant property market. To find out the main areas around the country are faring, use the links in the story below.

To view your region quickly, click on the links below:

Northland

In total, 113 houses sold in Northland in October (September 2009: 139; October 2008: 109). The median price increased to $310,000 from $285,000 in September (October 2008: $336,000).

There were 11 houses sold in the Whangarei County area (September 2009: 26; October 2008: seven). The median price decreased to $361,000 from $380,000 in September.

Fifty-six houses sold in Whangarei City in October, down from 61 in September 2009 (October 2008: 45). The median was up at $306,497 (September 2009: $270,000; October 2008: $336,000). 

Auckland

The median house price in Auckland was steady at $455,000 in October (September 2009: $455,000 October 2008: $433,000). There were 2,072 houses sold in October, compared with 2,355 sold in September (October 2008: 1,371).

The median sale price for a North Shore City home decreased to $545,000 in October. (September 2009: $555,000; October 2008: $505,000). During the month 409 houses were sold, up two on the 407 sold in September 2009. (October 2008: 249).

Sales volume was down in Waitakere City in October with 297 sold (September 2009: 330; October 2008: 173). The median price increased to $390,000 (September 2009: $362,500; October 2008: $390,000).

The median price for an Auckland City house increased to $525,000 in October (September 2009: $516,500 and October 2008: $472,000). 681 houses sold in October, down on the 813 sold in September 2009 (October 2008: 465).

In Manukau City 372 houses sold in October (September 2009: 483; October 2008: 281). The median price was down at $431,750 from $450,500 in September (October 2008: $416,000).

The number of sales in Papakura was down with 70 houses sold in October 2009. (September 2009: 82; October 2008: 50). The median price was up at $332,500 (September 2009: $321,000; October 2008: $301,000).

The median price for a Metropolitan Auckland house was down slightly at $462,000 in October, from $462,500 in September (October 2008: $439,250). There were 1,829 houses sold (September 2009: 2,115; October 2008: 1,218).

In the Rodney District 121 houses sold, up from the 118 sold in September (October 2008: 77). The median price was down at $440,000, from $450,000 in September (October 2008: $435,000).

The median price for a Franklin District home was down at $347,500 in October, from $375,500 in September (October 2008: $367,500). There were 64 houses sold, down on the 66 sales in September 2009 (October 2008: 46).

Fifty-eight houses sold in Thames/Coromandel in October, up from the 56 sales in September (October 2008: 30). The median price increased to $417,500 from September's $355,000 (October 2008: $370,000).

The median price for an Outer Auckland home was up at $415,000 in October, from $405,250 in September (October 2008: $400,000). Sales volume was up with 243 houses sold, compared with the 240 sold in September (October 2008: 153). 

Waikato/Bay of Plenty/Gisborne

The median price for a house in the Waikato/Bay of Plenty/Gisborne district increased to $327,500 in October (September 2009: $315,000; October 2008: $315,000). There were 789 houses sold, a decrease on the 898 sold in September 2009 (October 2008: 678).

Sales were down in Waikato Country in October with 145 houses sold (September 2009: 178; October 2008: 110). The median price was up at $260,000 (September 2009: $250,000; October 2008: $250,000).

The median price for a Hamilton City house increased to $334,250 in October. (September 2009: $319,000; October 2008: $343,000). Sales volume was down, with 214 dwellings sold in October 2009 (September 2009: 247; October 2008: 194).

Sales volume was up in Western Bay of Plenty Country with 55 houses sold, an increase on the 53 sold in September. The median price decreased to $358,000 from $385,000 in September. In October 2008, 47 houses sold with a median sale price of $360,000.

The median price for a house in Mt Maunganui/Papamoa increased to $422,500 in October, from $378,000 in September (October 2008: $398,750). 66 houses sold, down on the 81 sold in September 2009 (October 2008: 52).

In Tauranga, 117 houses sold in October, down on the 130 sold in September (October 2008: 95). The median price was up at $395,000 (September 2009: $354,000; October 2008: $340,000).

Rotorua's median price decreased to $255,000 in October, from $269,000 in September (October 2008: $250,000). There were 63 houses sold, down from the 77 sold in September (October 2008: 65).

Thirty-five houses sold in Taupo in October, down from the 45 sold in September (October 2008: 24). The median price increased to $357,000 in October from $315,000 in September (October 2008: $351,000).

The median price for a King Country home dropped to $113,000 in October (September 2009: $210,000; October 2008: $159,500). Ten houses sold, similar to September at 13 (October 2008: 11).

The median price for a Gisborne City home increased to $270,000 from $257,500 in September (October 2008: $225,000). Sales volume was steady with 42 houses sold. (September 2009: 42; October 2008: 33).

The median price for a house in Eastern Bay of Plenty Country increased to $299,000 in October, up from $277.650 in September (October 2008: $318,000). There were 41 houses sold; up from the 31 sold in September (October 2008: 45). 

Hawke's Bay

Sales volume was down in the Hawke's Bay in October with 225 houses sold (September 2009: 235; October 2008: 122). The median price increased to $272,000 (September 2009: $265,000; October 2008: $264,000).

The median price for a house in Napier City decreased slightly to $280,000 in October (September 2009: $280,500; October 2008: $284,150). There were 115 houses sold in October (September 2009: 110; October 2008: 47).

There were 70 houses sold in Hastings City in October 2009, down from 86 in September 2009 (October 2008: 51). The median price was up at $283,000 from $268,000 in September (October 2008: $265,000).

Hawke's Bay Country's median price rose to $340,750 in October, from $260,000 in September (October 2008: $265,000). Twelve homes sold in October (September 2009: 13; October 2008: five).

Manawatu/Wanganui

The median price for a house in the Manawatu/Wanganui district was relatively steady at $225,000 in October (September 2009: $225,250; October 2008: $230,000). There were 297 houses sold in October, up on the 286 sold in September (October 2008: 245).

The median sale price for a house in Palmerston North City decreased to $254,000 in October. (September 2009: $290,000; October 2008: $279,000). There were 139 houses sold (September 2009: 110; October 2008: 115).

Sales volume was down in Manawatu Country with 17 houses sold (September 2009: 21; October 2008: 21). The median price decreased to $198,000 from $245,000 in September (October 2008: $189,000).

The median sale price in Manawatu was unchanged at $240,000 in October (September 2009: $240,000; October 2008: $249,000). The number of sales was up with 214 houses sold (September 2009: 208; October 2008: 194).

In Wanganui City there were 62 houses sold in October, up from the 57 sold in September (October 2008: 35). The median price was up at $197,000 from $190,000 in September (October 2008: $175,000).

The median sale price in Wanganui increased to $190,000 in October. (September 2009: $185,000; October 2008: $170,000). There were 83 houses sold, up on the 78 sold in September 2009 (October 2008: 51).

Taranaki

The median price for a house in Taranaki decreased to $275,000 in October (September 2009: $283,000; October 2008: $285,000). There were 159 houses sold, down from the 183 sold in September (October 2008: 145).

Thirty-three houses sold in the Taranaki Country area in October (September 2009: 29; October 2008: 19). The median price eased back to $228,000 from $230,000 in September (October 2008: $250,000).

The median sale price for a New Plymouth City house increased slightly to $322.500 (September 2009: $322,000; October 2008: $302,000). The number of sales was up one with 88 houses sold in October (September 2009: 87; October 2008: 79). 

Wellington

Wellington's median price increased to $415,000 in October from September 2009's $378,168. (October 2008: $369,000). The number of sales was up at 757 for October, compared with 701 sold in September 2009. (October 2008: 489).

Sixty houses sold in the Wairarapa in October (September 2009: 62; October 2008: 36). The median price was up at $251,500 from $232,500 in September (October 2008: $254,000).

The median price for an Upper Hutt house eased back to $333,000 (September 2009: $336,000; October 2008: $330,000). There were 63 houses sold, down on the 80 sold in September (October 2008: 53).

In the Hutt Valley, 143 houses sold (September 2009: 125; October 2008: 101). The median price was up at $363,000 from $325,000 in September 2009 (October 2008: $320,000).

The median price for a house in Otaki/Paekakariki rose to $355,000 in October (September 2009: $330,250; October 2008: $346,000). There were 105 houses sold (September 2009: 118; October 2008: 72).

Seventy-eight houses sold in Pukerua Bay/Tawa in October, up from 70 sales in September (October 2008: 52). The median price was down at $364,625 (September 2009: $405,750; October 2008: $365,250).

Sale numbers in Central Wellington were up at 102 from 43 in September 2009. (October 2008: 38). The median price rose to $510,950 from $461,000 in September (October 2008: $391,500).

Nelson/Marlborough

The median price for a Nelson/Marlborough house decreased to $320,000 in October (September 2009: $337,125; October 2008: $325,000). There were 206 houses sold (September 2009: 224; October 2008: 158).

In Nelson City there were 93 houses sold in October (September 2009: 83; October 2008: 51). The median price decreased to $315,000 (September 2009: $345,000; October 2008: $315,000).

The median price for a Nelson Council zone house was down at $340,000 in October (September 2009: $345,000; October 2008: $328,500) and 147 houses sold (September 2009: 148; October 2008: 95).

Fifty-nine houses sold in Marlborough in October (September 2009: 76; October 2008: 63). The median price fell to $285,000 from $319,000 in September (October 2008: $320,000).

Canterbury/Westland

Sales volume was up in Canterbury/Westland with 980 houses sold in October (September 2009: 921; October 2008: 740). The median sale price eased back to $310,000. (September 2009: $311,500; October 2008: $292,000).

The median price for a house in Christchurch City was down slightly at $330,000 in September, from $331,000 in September (October 2008: $310,000). There were 654 houses sold (September 2009: 618; October 2008: 489).

The median price for a home in Rangiora decreased to $279,000 in October (September 2009: $324,900; October 2008: $295,000). Sale numbers were down with 34 houses sold. (September 2009: 38; October 2008: 37).

The median price for a North Canterbury house was up to $289,500 in October, from $270,000 in September (October 2008: $310,000). There were 38 houses sold, up on the 29 sold in September (October 2008: nine).

The median price for a Canterbury Country home decreased to $368,000 in October, from $390,000 in September (October 2008: $350,000). Fourty-three houses sold (September 2009: 49; October 2008: 39).

The number of houses sold in Mid Canterbury in October was up with 55 sales recorded. (September 2009: 41; October 2008: 29). The median price was up at $254,000 from $237,000 in September. (October 2008: $265,000).

Sales volume was up in Timaru in October, with 59 houses sold (September 2009: 56; October 2008: 53). The median price increased to $239,500 in October, from $218,500 in September (October 2008: $243,000).

The median price for a house on the West Coast was down at $180,000 in October from $185,000 in September (October 2008: $202,000). There were 39 houses sold, up on the 37 sold in September (October 2008: 28).

In Outer Canterbury, 326 houses sold in October (September 2009: 303; October 2008: 251). The median price was up at $265,000 in October (September 2009: $255,000; October 2008: $252,000).

Central Otago Lakes

Eighty-six houses sold in October, down from the 103 sold in September (October 2008: 79). The median price was up at $483,000. (September 2009: $405,000; October 2008: $475,000).

The median price for a house in Central Otago rose to $372,500 in October (September 2009: $305,000; October 2008: $395,000). 41 houses sold (September 2009: 53; October 2008: 39).

Sales volume decreased in Queenstown with 45 houses sold in October, compared with the 50 sold in September (October 2008: 40). The median price was up at $555,000 (September 2009: $462,000; October 2008: $500,000).

Otago

There were 247 houses sold in Otago in October, down from September's 275 (October 2008: 201). The median price decreased slightly to $235,000 from $237,000 in September (October 2008: $230,000).

Sales volume was unchanged in North Otago with 43 houses sold (September 2009: 43; October 2008: 26). The median sale price rose to $220,000 from $181,000 in September (October 2008: $221,500).

The median price in Dunedin City was down at $255,000 in October from $270,000 in September (October 2008: $240,000). There were 181 houses sold (September 2009: 215; October 2008: 157).

The number of sales was up in South Otago with 19 houses sold (September 2009: 16; October 2008: 15). The median price dipped to $150,000 from $167,500 in September (October 2008: $140,000).

Southland

Sales volume was up in Southland with 160 houses sold (September 2009: 144; October 2008: 132). The median price decreased to $180,750 from $189,500 in September (October 2008: $198,500).

Sales volume was up in Invercargill at 113 for October (September 2009: 105; October 2008: 86). The median price decreased to $186,000 (September 2009: $195,000; October 2008: $188,750).

The median price for a house in Gore decreased to $149,350 in October from $159,000 in September (October 2008: $182,500). Twenty houses sold during the month (September 2009: 17; October 2008: 22).

Source: Landlords.co.nz

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