12-10-2015

Auckland, Northland and Waikato/Bay of Plenty driving real estate market in September

Summary 

• 8,174 dwellings sold throughout New Zealand in September 2015, up 38.3% on September 2014 and up 5.3% on August 2015
• A new national record median price of $484,650, up $64,650 (+15.4%) on September 2014 and up 4.2% on August 2015
• The national median price, excluding Auckland, up $28,000 (+8.3%) to a new record of $365,000 compared with September 2014 and up 4.7% on August 2015
• A rise of $156,000 (+25.4%) for Auckland’s median price, from September 2014 to September 2015 – from $615,000 to $771,000, and a $31,000 (+4.2%) rise compared with August 2015
• New record median prices also for Waikato/Bay of Plenty and Otago
• A 143% rise in the number of sales over $1 million between September 2014 and September 2015 – from 428 to 1,042
• Record number of auction sales at 2,311, with sales by auction reaching more than 50% of total sales in Auckland for the first time

REINZ, the most up to date source of real estate data in New Zealand, announced today that there were 8,174 dwelling sales nationwide in September 2015, up 38.3% on September 2014 and up 5.3% on the previous month, August.

REINZ Residential Press Release September 2015.pdf
REINZ Residential Regional Commentary -September 2015.pdf

Tags: reinz