Bay of Plenty OneRoof Property Report - December 2019

Monday, December 2, 2019

PROPERTY REPORT

Ker-ching!

The top sales of 2019

House price index: Every suburb covered

Page 10

Page 12-20

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OneRoof Property Report

DATA CRUNCH

We’re still punching above our weight

Owen Vaughan Note from the editor

W

elcome to our final OneRoof Property Report of 2019, the last for the second decade of the millenium.

Here you'll find the latest property values for every suburb in New Zealand — and you can see how your suburb has fared over the past year.

For even more information on your corner of the country, head to oneroof.co.nz/news/property-report. To dig deeper, use our interactive map.

As the decade turns over, we wish we'd had a crystal ball in 2000 — or even 2010 — to predict just how much the market would change.

Twenty years ago, Google was a baby company, Facebook was four years away, and smart phones wouldn't appear for another seven.

In that time, our real estate market has had a major slump and a massive increase.

We’ve had devastating earthquakes, a leaky homes crisis, huge immigration, housing shortages, and rocketing house prices.

Now there are huge differences across the country as places like Auckland and Queenstown shoot away, some regions boom off the back of the big towns, and others languish.

Find out in our story how the market has changed in the past 20 years, the winners and the losers — and where we think the next hot spot will be.

We talk to industry experts about their predictions for the next year as we head into a general election with continued low interest rates and new home building picking up steam.

Start planning your next 20 years in the property market.

INSIDE

COVER STORY MARKET UPDATE INDUSTRY FORECAST LATEST SUBURB VALUES COMMENT & ANALYSIS SUBURB FOCUS

3-5 10-11 6,9 12-20 21 22-23

Increasing exposure to global markets has resulted in NZ becoming a place to do business

James Wilson

T

he end of the calendar year is always a time for reflection. And as we head into 2020, what better time to look at not only the performance of the new housing market over the last year, but also over the last 20 years. How have bricks and mortar fared since 2000?

What is evident from crunching the numbers is New Zealand has substantially changed. At the start of the millennium, we were a country with affordable housing stock compared with other similar countries.

Now we're a country where house prices are more or less in line with the rest of the world (we're no longer the cheap option for international buyers).

In 2019, expect to pay more to live in the main cities, and less in the regions.

This change has mostly been fuelled by New Zealand’s increasing exposure to global markets and increased net migration. We've become a popular place to invest, bring business, buy houses and call home.

Put simply, we are a small country which over-performs.

This brings with it major economic benefits but also a series of downsides, most notably housing affordability and home ownership rates.

Conversations around

frameworks that support the housing market and seek to address those issues are well underway, and the initial focus areas are reassuring: a review of the Resource Management Act and the mechanisms impeding quick and efficient housing development; a focus on building healthier more sustainable housing stock; and a look into viable longer-term rental/rent-to-buy initiatives.

Narrowing the focus, 2019 has proven another active year for the housing market, although the big changes have been behind the scenes as opposed to within: the reset of Kiwibuild; the dumping of a proposed capital gains tax; the loss of tax breaks for investment properties; the increased focus on healthy homes legislation and standards; the results of the census and local authority elections; and, perhaps most important, further cuts to the Official Cash Rate.

The cumulative impact of all of the above has been to make buyers and homeowners more cautious. The drop in listing volumes, especially in Auckland, has skewed the market somewhat — first home buyers are taking advantage of low interest rates and less competition to snap up "affordable" homes, but there is only so many of those to go around in the main urban centres.

Meanwhile, homeowners in the million-dollar-plus category have been holding out for a pick-up in the market, and recent sales stats suggest Auckland is finally seeing that after two years of a slump.

Despite the above, we are still seeing strong housing

market results in smaller locations as investors and first home buyers alike compete for affordable stock. As predicted, rates of value growth have stalled somewhat in these locations, which is reassuring as the census results indicate that not all of these locations have had the population growth to sustain such rapid house price growth.

What will 2020 bring?

When we examine the performance of the housing market in 2019 we see a market which was soft at a nationwide level, fuelled by stalled value growth in Auckland and other main urban locations. However, unlike some predictions, value levels did not fall of the proverbial cliff; they simply slowed or flattened as much of the hype left the market.

The underlying fundamentals that underpin value growth are still balanced to support value levels, namely

$615,000

Current median house value for New Zealand

2%

Quarterly change

4.2% Annual change

$47 billion Total values of sales for NZ in last 12 months

-24%

Change in sale value year on year

strong demand fuelled by historically low interest rates, coupled with stable and strong net migration (circa 55,000).

Despite strong upward trends in new building consents, it is evident that the building sector and framework which supports it is still plagued by capacity constraints and unable to produce the volume of new builds required to balance the supply-demand equation The cumulative impact of the above should result in the status quo continuing into the first quarter of 2020.

However, homeowners who may have held off selling for fear of making a loss will likely realise that the worst hasn't happened and maybe it's time to re-enter the market. We are beginning to observe this, with investor numbers rising and first-home buying activity showing no signs of flagging.

Of course, the above market confidence may soften again as we approach the 2020 general election and participants again take a sideline approach to the housing market to see what pans out.

Overall, I am not as optimistic that we will see a big spike in house prices in the main cities, and it's likely house price growth in New Zealand's smaller urban centres will continue to soften.

A lot will ride on the election result and housing policies that will be proposed. However, based on historic housing market cycles, I expect that we won't see significant changes in the main centres until the latter half of 2020 and early 2021.

- James Wilson is director of valuation innovation at OneRoof data partner Valocity

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PROPERTY REPORT OneRoof.co.nz | June 4, 2019

3

COVER STORY

THROUGH THE ROOF How the last two decades changed the path of New Zealand’s housing market. CATHERINE MASTERS reports.

I

n hindsight, it's easy to see where easy money could be made. At the start of the new Millennium, Queenstown was a popular tourist destination but was yet become a home to international billionaires, Hollywood directors and Silicon Valley escapees.

The median price for property in Queenstown at the end of 1999 was $195,000. In Auckland it was $235,000, a tad lower than the $236,000 Wellingtonians had to stump up

for a home. Flash forward to 2019 and that $195,000 investment in Queenstown — equivalent to the deposit many Auckland buyers face pulling together — has shot up 396 per cent, with Queenstown’s median price now $966,500. The city's property market is without doubt the biggest winner — so far — of the 21st Century.

The last 20 years in New Zealand real estate have been tumultuous. The country has

“The region that has seen the biggest percentage increase is Mackenzie.”

experienced a leaky homes scandal, a market slump, several devastating earthquakes and rocketing house prices that have benefited those that own but alienated those that don't.

OneRoof and its data partner Valocity tracked median prices for every New Zealand territorial authority over the last 20 years. The figures show how much the course of the country's property market has changed -—and indicate where the next boom towns are to be found.

Nationally, the median house price has risen 242 per cent since the end of 1999. Every region has enjoyed a lift. Some, like Queenstown, have done better than others.

According to the data, the region that has seen the biggest percentage increase is Mackenzie. Twenty years ago buyers in the region could pick up a home for $71,500. Now they'd typically have to shell out $435,000 —an increase of 508 per cent.

Mackenzie, home to Aoraki/ Mount Cook National Park and ski-fields that are every bit as stunning as those in neighbouring Queenstown Lakes, is OneRoof's pick for further big increases in property values.

It has all the elements to be the next Queenstown -—a solid economy, relative affordable housing and scope for largescale development.

Visitors to Lake Tekapo and Twizel will have seen a marked

4

OneRoof Property Report

COVER STORY increase in residential construction, and it doesn't take a much imagination to envisage a transformation on a par with Queenstown's and house prices to match.

OneRoof editor Owen Vaughan says: “Everybody is looking for the next Queenstown and Mackenzie could well be it. Although the area lacks an all-important airport, it is still well connected, with Christchurch just several hours' drive away. Those that buy into the area now could well be sitting on a million dollars or more by 2040.”

The OneRoof-Valocity data illustrates the big changes in New Zealand's major metros.

Valocity director of valuation and innovation James Wilson says: “Over the last 20 years the market has shifted from one of comparatively even values across the main urban centres to one where there are significant variations.”

At the start of the century, it cost as much to buy a house in Auckland as it did in Wellington — and prices tracked upwards at a similar rate until just before the GFC, when Auckland surged ahead.

Between 2009 and 2014, Wellington prices stagnated, while Auckland's rocketed.

Auckland's median house price now sits at $830,500 —an increase of 253 per cent on 1999 — while Wellington, which sits close to the bottom of the growth table, has a median house price of $750,000, a rise of 217 per cent.

Overseas money Further down the table is Christchurch, where the median house price grew 185 per cent in the last 20 years, while sitting at the bottom is Wairoa, in Hawke's Bay, which has seen house prices rise 128 per cent.

Wilson says: "In the year 2000, all of our main urban metros had median values that sat within a $200,000 band of each other. In 2019, the largest difference in median prices — between Queenstown and Dunedin — is well over half a million dollars.

"This disparate growth can mostly be attributed to the fact that our wealthiest urban markets — Auckland and Queenstown — have been exposed to international drivers, such as increased immigration and overseas money, more than any other

The one to watch

C

Tourist attraction: The Church of the Good Shepherd in Tekapo.

market in New Zealand."

A number of other factors have influenced the housing market over the last 20 years: the 2007 Global Financial Crisis saw house prices tumble and New Zealand’s official cash rate fall from 7.5 per cent in September 2008, to 3.5 per cent in early 2009.

Other factors include changes in immigration and home-ownership rules, the Christchurch and Kaikoura earthquakes, which damaged tens of thousands of homes, and the leaky homes crisis, which has cost the country billions of dollars. Through it all, New Zealand’s housing market has continued on an upwards trajectory.

If you bought and sold in the last 20 years it's highly likely you came out smiling, unless you’ve been stuck with a leaky home.

LeAnne and Jon Taylor are coasted the wave of falling prices after the GFC, then lucked in with not only the Auckland housing boom but the new Auckland Unitary Plan.

They bought and sold at the right time then left Auckland for Katikati, in the Bay of Plenty, where they own a home and have just bought a café.

Boom profits LeAnne says she and Jon are born-and-bred Aucklanders who met overseas then, like

Cashed in during the boom: Kirsty Cooper and husband Scott Mason

thousands of young couples, came back and stayed with mum and dad to save for their first home, a “bog-standard, three-bedroom, rectangle box” in Glen Eden, which they bought in 2004 for $215,000.

In 2007, the GFC struck and in 2008 New Zealand property prices fell sharply. So in 2009 LeAnne and Jon decided to keep their first house as a rental (selling later for $420,000) while buying another home in Glengarry Rd for $400,000.

The Glengarry Rd property had the 2000sq m they wanted for their three children and the animals. Life was peaceful — then along came the Unitary Plan which freed up land to be developed.

Suddenly, LeAnne says, they had construction right at their window.

They decided to move to Katikati, where LeAnne’s parents were living, and in 2015, at the height of the Auckland housing boom, listed their Glengarry Rd property. It sold within a week to a developer for $1.18m — nearly $800,000 more than they had paid.

Rate cuts Westpac’s chief economist Dominick Stephens says the main driver for such big price rises in New Zealand homes over the past 20 years is a global drop in interest rates, coupled with immigration.

Over 20 years ago the oneyear fixed mortgage rate in New Zealand was over 10 per cent, but now we are looking at under 4 per cent, he says.

“That’s more than halving what it costs to service a mortgage.”

Stephens says that at least from World War II through to the late 1980s, interest rates were on a slow rise — but they have been falling ever since.

“The New Zealand housing market has just been one of many asset markets affected by global drop in interest rates over the past 30 years. “ When interest rates fall people find it cheaper and

oralie Reid, an agent with OneAgency in Mackenzie, says the area has been undervalued for some time, but that is now changing.

“Economic factors are driving [an increase in property values]. We have aquaculture, fishing, tourism, hospitality, construction, Aoraki Mt Cook National Park, we now have an international dark sky reserve status too,” she says.

The biggest town in the district is Twizel, with about 1250 residents. It is surrounded by canals for the Upper Waitaki Hydroelectric Scheme which generates power for close to a million homes.

The canals run with the same turquoise waters as Lake Pukaki and are home to some

easier to borrow money and buy assets, and people with money are happy to accept a lower yield on investments.

“Both of those things mean higher prices relative to rents or relative to incomes, and I think this has driven asset prices of all stripes up around the world.”

The end result of the property market over the past 20 years has been a random reassignment of wealth from non-home owners to home owners, which “I think rightly has created lots of social concern”, Stephens says.

While hefty prices in Auckland have kept some out of

“The housing market has just been one of many asset markets affected by global drop in interest rates over the past 30 years. “ the property market altogether, others have moved to cheaper regions to get on the property market. Still others have made gains on their Auckland properties and have moved out to smaller towns.

David Norman, Auckland Council’s chief economist, says population growth is undeniably the fundamental driver in Auckland's housing market. “It’s no surprise that through our two periods of most rapid population growth in the last 20 years — early 2000s and most recently 2013 to 2016 — we saw the fastest growth in house prices.”

One of the ways the Auckland market differs from the rest of New Zealand is because of its dominant role in net international migration, Norman says.

“Unlike the rest of New Zealand, which saw negative net external migration between 2011 and 2013, Auckland did not. We are the gateway city for new migrants and typically attract more than half of them, even though we’re about 35 per cent of the total population of New Zealand.

“What we see is that as house prices in Auckland increased, many people here, often closer

of the best salmon and trout fishing in the country.

Neighbouring Lake Tekapo is also a fast-emerging tourism destination. So is Fairlie, the closest town to the Mt Dobson ski area which lures seasonal workers.

Tourism and short-term accommodation come hand in hand and it’s mainly what is driving the property market, says Reid.

“People are buying houses for short-term accommodation and our district plan allows it.”

She says the district as it has a caring community. “It’s a natural beauty of the area and a Kiwi dream of having a crib surrounded by lakes and mountains. Everyone looks after each other quite well and it’s the town that reminds people of their childhood.”

to retirement, have taken their house price gains and moved mostly to other parts of [the country] where house prices are more affordable.”

Easier lifestyle Among those who cashed in and moved out is Kirsty Cooper, who bought a threebedroom state house in Auckland’s Avondale with a friend in 2011 for just over $400,000 .

They stayed there for a couple of years, before deciding they could make more money by renting out the house and renting themselves. Then in 2015, when prices were strong, Kirsty’s friend bought her out.

“I came out of it with almost an extra $100,000. That’s not bad at all. Some people don’t earn that much working.”

Kirsty and her now husband Scott set their eyes on Dunedin.

They couldn’t believe the prices: “We were looking at places that would have been a million dollars in Grey Lynn that were $250,000 at the time.”

Once they moved to Dunedin they “went a bit ridiculous. We ended up buying a big old brick villa on 1600sq m of land. It cost $436,000. They later decided it was too big and sold it for more than $600,000. Now they’ve bought a cottage in Opoho for $500,000.

Kirsty says: “Our lifestyle is definitely better down here than we would have been able to have up in Auckland.”

If the last 20 years have been tumultuous, Stephens says the next 20 are unlikely to be anywhere near as dramatic.

What happens in the years ahead will depend on interest rates, he says. If they go up house prices could fall, but if they stay where they are prices could rise some more.

He thinks interest rates will stay relatively low, however, and predicts they will lift again in five or ten years’ time – so there could be a period of modest house price decline in the mid-2020s.

OneRoof Property Report

5

The graphic below shows the growth in median house prices in New Zealand between 1999 and 2019. The 24 territorial authorities highlighted are ranked according to percentage growth with Mackenzie at the top seeing the biggest price leap and Wairoa at the bottom seeing the smallest. Data supplied by Valocity

MACKENZIE $435k

508%

QUEENSTOWN $967k

396%

PORIRUA

HASTINGS

$651k

320%

NEW PLYMOUTH

LOWER HUTT

$440k

288%

NELSON

WHANGANUI

$553k

256% $155k

PALMERSTON NORTH

WELLINGTON

$237k

290% $151k

NAPIER

GISBORNE

$520k

271%

$370k

270% $100k

AUCKLAND

WHANGAREI

$831k

253%

$502k

246% $145k

TAURANGA

HAMILTON

ROTORUA

$660k

243%

$570k

235%

CHRISTCHURCH

$423k

202% $140k

$439k

185% $154k

$449k

225% $138k

$170k

FAR NORTH

$750k

217%

$590k

$235k

$193k

$125k

KAPITI COAST

$80k

$430k

244%

302%

$285k

256%

338%

$563k

$140k

$150k

$114k

UPPER HUTT

$565k

277%

$285k

$65k

$140k

$120k

$155k

352%

$495k

313%

INVERCARGILL

$438k

$97k

$195k

$72k

DUNEDIN

WAIROA $155k

128% $68k

6

OneRoof Property Report

ANALYSIS

Bindi Norwell

W

hen looking forward, it always pays to understand the road where you’ve come from, and a quick look back over the last year shows us that a lot has happened that is likely to shape the property market in the coming 12 to 18 months.

Low interest rates After the Reserve Bank dropped the Official Cash Rate (OCR) by 50 basis points in August, most of the major retail banks followed suit and lowered their mortgage rates and offered cash incentives for switching banks.

The cut has certainly provided some stimulus for the property market and was particularly good news for first time buyers as it meant that mortgage payments became more “affordable”.

For those already in the market, with a floating or variable mortgage, the cuts presented an opportunity to pay off the mortgage at a slightly quicker rate than previously – that is assuming people don’t decrease their mortgage payments. For families looking to upgrade their property it means that the step up to the next property is

Growing confidence in the housing market will bring value lifts With the warmer weather, so too usually comes an uplift in property prices.

likely to be more affordable or that they might even be able to afford a slightly larger home than initially anticipated for their budget.

With employment and inflation levels within acceptable ranges it’s not entirely surprising that the Reserve Bank has held the OCR at its current level. Many economists are predicting that there will be an additional drop in the first half of 2020 which could provide further stimulus.

Consumer confidence lifting The latest ASB Housing Confidence survey has shown signs of an uplift. All three confidence measures the bank looks at showed respondents are feeling more positive about housing relative to the situation three months ago.

This confidence is starting to show through in terms of house prices, with increases in median house prices across the country.

The national median house price rose 8.2 percent from $561,500 in October 2018 to $607,500 in October 2019. At the larger end of this scale, house prices in Gisborne have increased by 37.1 percent yearon-year from $310,000 to

$425,000 and Southland has seen growth of 23.5 percent year-on-year from $255,000 to $315,000. Even Auckland saw the highest median price in October for 19 months, reaching $868,000.

Lending – mixed picture The easing of LVR lending restrictions at the start of 2019 resulted in increased lending across the board. First time buyers appear to be entering the market with fewer problems lending for this group in the first nine months of 2019 was 12.2 percent up on the same period the year before.

Lending to investors fell 16.4 percent over the same time period, and with all the regulatory changes facing investors there’s an argument that some easing of LVRs could encourage them to re-enter the market.

The Reserve Bank has decided to keep the current restrictions in place but REINZ has always argued that LVRs should be loosened for first time buyers as saving a 20 percent deposit can be very difficult. In Auckland this can be around $172,200; for buyers outside of Auckland, it’s around $121,500.

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The current levels of lending outside the limit allows for up to 20 percent of borrowers to receive more than the 80 percent LVR, which seems to be supporting an increasing number of borrowers (up 35.7 percent for the year to September 19 compared to the year to September 18). On the flip side, banks have been tightening up their lending criteria which has made it more difficult for some people to get access to finance.

Building consents up Building consents are up 14 percent for the nine months to September 2019 when compared to the nine months to September 2018, across the country. These building consents are showing a higher proportion of apartment consents, representing 18.3% of all dwelling consents in September 2019, compared to just 8.4 percent of all consents in September 2018. This increase in building consents will contribute to a higher number of available properties and continued activity in the market. The increased level of apartments will likely mean more options for first home

4

3

buyers and a continued move away from the traditional quarter-acre dream.

The number of new building consents in Auckland is now matching new demand, however, there is still a significant back log in terms of housing supply. Additionally, new models of building such as pre-fabrication and modular homes are helping to speed up the building process which is helping the overall picture.

Whilst many regions are considered “affordable” when compared to Auckland prices, there will continue to be pressure placed on house prices from outside influences such as people moving from larger cities to smaller areas, investment from the provincial growth fund, increased economic activity and wage growth pressure.

Economists are forecasting house price inflation will accelerate by between 5 percent and 7 percent in 2020. With the underlying fundamentals looking as if they will continue in the short to medium term, it’s likely that we will continue to see the housing market continue on an upwards trajectory.

- Bindi Norwell is REINZ CEO

2

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OneRoof Property Report

9

THE INDUSTRY VIEW

Can Bay of Plenty overcome listing squeeze?

Real estate leaders on what buyers and sellers should expect in the coming months.

Greg Purcell Ray White Tauranga I've been asked to comment on what 2020 may hold in the eyes of a real estate business owner.

During my adult years on the planet all the significant economic meteors have arrived largely unheralded. Evidently, we are overdue any historically predicted meltdowns and there is always an article somewhere on the planet predicting fiscal Armageddon, so barring that, locally we should see more of the same.

Maybe the tightness around lending may ease.

It's a little ironic that the crazy low interest rates that have conjured up such affordable lending can yet be so hard to lay your hands on. Here, in the western BoP, we are fortunate enough to benefit from reasonably perpetual growth and the infrastructure invested around that.

Because the people just keep coming. Both locals and internationals.

We are central and climatically attractive, plus we are learning to do a pretty good job of impersonating a real city.

Also, returning to my opening comment, should a global money system collapse rear its ugly head, I've always thought that New Zealand is still nicely placed to be attractive to many people for all the right reasons.

Steve Lovegrove Professionals, Rotorua As we race toward the end of what can only be described as a “bumpy” year in the Rotorua real estate market, we ask the question,: is the turbulence a sign of things to come? Answer: Probably!

What’s unavoidable and unlikely to change next year is our local housing shortage crisis. The coming year will no doubt see continued pressure on a market that still has more buyers than there are houses for sale and more tenants than there are houses to rent.

Basic economics tells us that such conditions will continue to put pressure on prices. But, how much longer can our city sustain increasing prices? Is there a point where buyers start saying no? Much like what

happened to Auckland a couple of years ago, people’s affordability comes to a peak as incomes can no longer sustain the cost of living. There’s every possibility that will happen in Rotorua next year.

On top of that, we have political dynamics to consider.

Will we see an increase in housing developments under the new council?

And then there’s the general election. As the various parties jostle for votes, will the promises (or threats) of changes to housing policy affect the market? The nature of real estate is conservative so any sniff of an unsettled market could slow things down or speed things up as people try to get a jump on the changes.

Typically in an election year, people tend to hold on and wait to see what happens. My guess is the market will tighten up a little around the middle of next year.

Simon Anderson Bayleys Tauranga Over the last two years we have experienced a settling or “normal” period in our market post the dizzy heights of 2016 and 2017.

Looking out to next year the positive factors of a growing population in our city, a continued shortage of property for sale, the desirability of our location, the resilience of our market and the well reported lack of development land will keep our market strong.

Supporting this are first home buyers with more room to move and investors, seeking yield, re-entering.

Against this is the back drop of an election towards the end of the year, which typically stalls our property market until an outcome is known.

There are other factors, including banks limiting capital, but we remain confident next year will be a positive for Tauranga’s property market.

Ann Crossley First National There are a number of factors we believe will continue to influence the Rotorua market going forward.

The number of sections in the

Beth Millard Bayleys Rotorua

pipeline will not meet demand and those that are coming up don’t create an instant fix.

Our population will continue to rise as people recognise the advantages of living in our great community.

The demand for retirement housing will continue to be strong as the bulge in population represented by the baby boomers continues to impact.

Investors will continue to think our town is a great place to invest both for straight rental properties but will also add to the Airbnb stock.

Because of these factors supply and demand will still be the strongest influencer of price.

We believe prices will continue to strengthen and because of the demand on rentals, the rent levels will continue to rise.

The forecast is for interest rates to remain low. The government may have to revisit financial controls to make buying easier for first home buyers.

Richard Laery Sotheby’s Tauranga The amount of stock on the market and coming onto the market is low for this time of year. Tauranga is facing supply and demand issues. The local market is clearly short of properties for sale and the pipeline for land and development is very low due to local council regulations.

Interest in Mount Maunganui is strong, but in other parts of Tauranga properties can spend longer on the market if buyers perceive them to be overpriced. This clearly points to purchasers

knowing the market well and pricing property astutely.

Going forward into 2020, I expect to see prices starting to increase due to a stock shortage and/or remain stable - although I anticipate more stock coming to the market in the New Year.

Tauranga is also attracting interest outside of New Zealand, with one property just marketed receiving substantial international attention.

Tracy Beaufill Letterbox Realty We all know that we have now been riding a high for about three years, so when will be the fall?

Talking with bankers and economists there is a real feeling New Zealand has too much risk in the rural debt market.

We are too heavily entrenched in exporting to China which is showing warning signs that their economy is contracting. We have an aging population in the rural sector and lending institutions are pulling back.

Our feel is that the rural market will over the next couple of years become more and more difficult to move.

However, the banking sector has an opinion there is less risk in lending to the residential market - less money over more people versus the rural sector more money, less people.

Interest rates are at an all time low with forecasts there will be another rate cut early next year.

The Auckland market is heating up again and we are in a cycle of extremely low house numbers on the market.

All indicators for the residential market are positive.

Market indicators are strong, interest rates are at an all-time low although lending has a fair degree of complexity to it.

Given banks strict lending criteria and in most cases imposing finance clauses of 10 working days in order for banks to complete due diligence on their prospective clients and in a lot cases due diligence against the properties they are securing against, properties that have unpermitted work (which is common) or defective crosslease titles are certainly harder to get over the line. That said this largely relates to the lending capacity of the borrower - the more someone is borrowing the higher the risk for the bank, particularly in a reasonably hot market.

We feel that it will be business as usual in 2020. We certainly don’t anticipate the market cooling in any way.

Something that has held the Rotorua market back is the lack of development. Eight hundred sections are in the pipeline, awaiting consents. Had these been consented, built and released already perhaps our market would look a little different - however, that is speculation. Bayleys are auctioning a 30 lot subdivision in February 2020 and this will cause a market frenzy which is just what any market needs to kick off a new year in the exciting world of real estate.

Jacqueline O’Sullivan Ray White Rotorua Rates are still low - and may even drop further supporting interest from first home buyers, movers and investors.

The lack of land (subdivisions) will only put more pressure on existing homes. Even if 2020 sees us having subdivisions coming onto the market and sections available to purchase, many would still be waiting for title, and one can’t build a house overnight either.

We are still experiencing low stock levels, often resulting in new listings having multiple offers within the first week of a campaign. I can’t see the market conditions in Rotorua changing anytime soon.

MARKET WATCH TAURANGA

Investors making a comeback Tauranga’s strongest performing suburbs are also some of its most affordable, attracting first home buyers and investors alike.

T

he median value of all housing in Tauranga is up 4.7 percent year on year to $670,000, but growth has slowed somewhat in the last three months, with values up just 0.7 percent. The trend is comparable to that seen in neighbouring Rotorua, where

the median value is up 9.6 percent year on year to $455,000 but slowed to 1.1 percent in the last quarter.

Sales volumes in Tauranga are down significantly compared to the same period last year, but the good news is that investors are returning to

the fray after sitting on the sidelines for the last two years.

Investors with three or more properties accounted for 16.23 percent of new mortgage registrations in the last quarter, up from 15.55 percent during the same period last year. First home buyers remain the most

Sales volumes in Tauranga are down significantly compared to the same period last year

dominant buyer group, accounting for 24.53 percent of new mortgage registrations over the same period.

Tauranga’s top performers are Gate Pa, Maungatapu, Parkvale, Poike, Tauriko and Welcome Bay - all up between 6 and 8 percent over the last 12

months. With the exception of Tauriko, which sits at the top end of the market and boasts median value of $1.33 million, the appeal of these suburbs is their affordable price point - all have median values below $650,000, attracting first home buyers and investors alike.

Total dollar value of sales (last 12 months) mont

Photo / Getty Images. Herald graphic

$1,491,839,512

FIRST HOME BUYERS

Share of new mortgage registrations in the last 3 months

24.53% How much you can expect to Median Annual pay in... value change Tauranga $670,000 Bay Of Plenty $750,000 Rotorua $455,000

4.7% 5.6% 9.6%

The most expensive homes of 2019

$6,000,000

71 Marine Parade, Mt Maunganui

RICH-LISTERS

Tauranga’s most expensive suburbs 1 Tauriko 2 Bethlehem 3 Ohauiti

$1,330,000 $800,000 $770,000

6% 3% 3%

BARGAIN-HUNTERS Tauranga’s most affordable suburbs 1 Parkvale 2 Poike 3 Gate Pa

$470,000 $470,000 $490,000

7% 7% 8%

HEAT IS ON

Where property prices are rising 1 Gate Pa 2 Maungatapu 3 Welcome Bay

$490,000 $620,000 $625,000

$4,850,000

7.7% 866 Pyes Pa Rd, Pyes Pa 6.9% 5.9%

COOLING OFF

Where property prices are dropping 1 Tauranga Sth 2 Ohauiti 3 Bellevue

$595,000 $770,000 $545,000

0% 3% 3%

$4,175,000

209c Oceanbeach Rd, Mt Maunganui

OneRoof Property Report

11

Growth for some, slowdown for others Auckland Whilst the overall the median value for Auckland is, at $885,000, down 1.1 percent on last year, there has been a slight uptick in the city's housing market over the last three months. Growth has been strongest in Manukau - up 1.2 percent over the quarter - but Rodney is still lagging, down 0.5 percent.

Supporting value growth have been the cuts to interest rates (and hints of more to come), a shortage of listings and strong buying activity within certain markets and locations, most notably those suburbs that have a high percentage of homes within first home buyer budgets, which in Auckland has stretched now to between $800,000 and $1 million.

First home buyers are still the biggest buying group in Auckland, representing 28.2 percent of new mortgage

registrations in the last quarter.

Investors account for 14.56 percent of the current Auckland market, and although that figure is well below the levels seen during the boom, they have increased their share in the last quarter, which aligns with anecdotal evidence that they are re-entering the market in certain locations on the back of interest rate drops. Movers continue to represent a significantly smaller section of the market than they did during the boom years, accounting for only 9.21 percent of registrations.

Hamilton Hamilton's housing market remains relatively buoyant, with the city's median value up 0.9 percent over the last three months and 5.6 percent to $570,000. Unlike Auckland, the city hasn't suffered a slowdown, but sales volumes are

currently tracking 30 percent behind those of 2018.

Some parts of the city are better than others, with Hamilton Central, Silverdale and Whitiora seeing a 10 percent or more lift in median values year on year.

Wellington Price growth in the capital appears to have stabilised, with the median value of all housing in the city currently sitting at $770,000, a rise of 5.5 percent on last year but more or less unchanged since the third quarter of the year.

This may be the result of a dip in purchases by first

home buyers - the dominant buyer group in the city.

Regardless, affordable housing is driving much of the growth in the city, with the biggest leaps in median values in Grenada North, Newlands, Paparangi, Tawa and Te Aro. All enjoyed value growth of more than 10 percent year on year and all have median values of below $700,000.

Christchurch After a lengthy period of little to

Dunedin remains the strongest performer among New Zealand's major cities.

no growth, Christchurch's housing market saw a slight increase in value levels over the past quarter of 1.1 percent, bringing the city's median value to $445,000.

This rise appears to have been fuelled by an uptick in buying activity by investors, who appear to be targeting new builds, which are more affordable in Christchurch than in other main centres.

With the majority of sales transacting between $400,000 and $500,000, the city remains popular among first home buyers, who represent 29.49 percent of new mortgage registrations.

Dunedin Dunedin remains the strongest performer among New Zealand's major cities. Annual house price inflation is currently 16.9 percent, (and quarterly growth is 2.3 percent), making Dunedin the only main housing market experiencing

double-digit value growth.

The median value for all residential properties in the city is $450,000, which is why the city continues to appeal to first home buyers, who currently represent 28.18 percent of new mortgage registrations.

However first home buyer activity is slowing, which suggests property prices are beginning to exceed the budgets of most first home buyers.

Queenstown House price growth in Queenstown has stalled, with the median value of all properties in the city up just 1.3 percent to $987,500. This stalling is considered the net result of continued declines in market activity in the area.

Residential sales volumes fell 15.4 percent between 2017 and 2018, and have continued to slide in 2019, with current sales volumes over the last 12 months down more than 40 percent - the result of the overseas buyer ban which has cut off a key group of buyers for the region.

OneRoof Property Report

12

LATEST SUBURB VALU ES

Is your suburb rising or falling?

BAY OF PLENTY

15

TARANAKI

16

MANAWATU, WHANGANUI

16

NELSON, TASMAN, MARLBOR OUGH

18

WEST COAST

18

CANTERBURY

18

SOUTHLAND

19

OTAGO

20

QU % CARTER HA NG

LAT MEEST $ VDIAN ALU E

B UR SUB

TOT NU AL OF MBER (LASALES MOST 12 NTH S) BIG SINGEST (LA GLE S MOST 12 ALE NTH S)

17

12 % C-MON HA TH NG E

16

GREATER WELLINGTON

E

GISBORNE, HAWKES BAY

UPPER NORTH ISLAND / NORTHLAND FAR NORTH AHIPARA AWANUI CABLE BAY COOPERS BEACH HARURU HEREKINO HOREKE HOUHORA KAEO KAIKOHE KAINGAROA KAITAIA KARIKARI PENINSULA KAWAKAWA KERIKERI KERIKERI SURROUNDS MANGONUI MOEREWA OHAEAWAI OKAIHAU OMAPERE OPONONI OPUA PAIHIA PAKARAKA PERIA PUKENUI RAWENE RUSSELL RUSSELL SURROUNDS TAIPA WAIMATE NORTH

$370,000 $320,000 $495,000 $620,000 $570,000 $175,000 $280,000 $395,000 $390,000 $190,000 $337,500 $240,000 $445,000 $305,000 $680,000 $750,000 $485,000 $130,000 $655,000 $565,000 $410,000 $350,000 $615,000 $545,000 $645,000 $250,000 $397,500 $302,500 $732,500 $575,000 $440,000 $805,000

N/A N/A 9% N/A 8% N/A N/A N/A N/A 6% N/A -6% -7% -3% -1% -3% N/A N/A 3% N/A N/A N/A N/A 10% N/A N/A N/A N/A N/A N/A N/A N/A

4% N/A 0% 17% 11% N/A N/A N/A N/A 15% -8% 12% 2% 30% 3% -1% N/A N/A 20% N/A 11% 4% -3% 22% 8% N/A N/A 4% 1% N/A 24% 8%

15 19 42 24 26 3 N/A 6 25 67 7 167 32 34 253 37 36 16 7 11 7 14 18 46 3 7 15 9 25 20 9 6

$1,045,000 $570,000 $1,250,000 $1,040,000 $885,000 $270,000 N/A $480,000 $1,880,000 $566,000 $630,000 $635,000 $865,000 $683,261 $2,800,000 $1,175,000 $1,200,000 $450,000 $1,315,000 $850,000 $430,000 $700,000 $1,451,000 $1,550,000 $640,000 $465,000 $750,000 $530,000 $3,950,000 $6,000,000 $745,000 $685,000

KAIPARA DARGAVILLE DARGAVILLE SURROUNDS KAIWAKA MANGAWHAI MANGAWHAI HEADS MATAKOHE MAUNGATUROTO PAPAROA POUTO RUAWAI TE KOPURU TINOPAI WHAKAPIRAU

$325,000 $415,000 $635,000 $810,000 $777,500 $680,000 $455,000 $650,000 $265,000 $265,000 $190,000 $395,000 $585,000

2% -7% 0% -4% -2% N/A 2% N/A -2% N/A N/A N/A N/A

5% -4% N/A 7% 5% N/A 7% N/A N/A 28% -12% 9% 14%

108 45 39 83 93 4 30 15 5 13 15 11 5

$817,000 $1,000,000 $1,200,000 $3,000,000 $3,398,000 $680,000 $1,080,000 $730,000 $539,000 $375,000 $575,000 $630,000 $880,000

WHANGAREI AVENUES GLENBERVIE HIKURANGI HORAHORA HUKERENUI&SURROUNDS

$410,000 $845,000 $380,000 $462,500 $695,000

-2% N/A -4% -3% N/A

4% 17% 17% 5% N/A

31 14 36 25 8

$605,000 $1,750,000 $665,500 $738,000 $620,000

KAMO KAURI KENSINGTON KIRIPAKA KOKOPU LANGS BEACH MANGAPAI & SURROUNDS MATAPOURI MATARAU MAUNGAKARAMEA MAUNGATAPERE MAUNU MORNINGSIDE NGUNGURU ONE TREE POINT ONERAHI OTAIKA OTANGAREI PAKOTAI PARAHAKI PARUA BAY POROTI PORTLAND RAUMANGA REGENT RIVERSIDE RUAKAKA RUATANGATA TAMATERAU TIKIPUNGA TUTUKAKA WAIPU WHAKAPARA WHANANAKI WHANGAREI HEADS WHAREORA WHAU VALLEY WOODHILL

TOT NU AL OF MBER (LASALES MOST 12 NTH S) BIG SINGEST (LA GLE S MOST 12 ALE NTH S)

14

12 % C-MON HA TH NG E

12

WAIKATO

$525,000 $845,000 $465,000 $665,000 $730,000 $1,515,000 $610,000 $905,000 $780,000 $587,500 $785,000 $700,000 $415,000 $767,500 $720,000 $460,000 $615,000 $230,000 $360,000 $520,000 $765,000 $737,500 $405,000 $355,000 $470,000 $540,000 $615,000 $705,000 $785,000 $430,000 $820,000 $770,000 $615,000 $885,000 $722,500 $740,000 $455,000 $445,000

3% 10% 2% N/A N/A N/A 4% N/A N/A N/A N/A 3% -2% 2% 2% -2% N/A N/A N/A 0% 1% N/A N/A 1% -5% N/A -2% N/A N/A 2% N/A 8% N/A N/A -2% N/A 1% 1%

9% 13% 7% 37% 4% 5% 3% 3% 10% 14% 6% 6% 1% 24% 4% 3% 16% 2% 3% 14% 8% 8% 7% 11% 2% 17% 7% 15% 18% 8% -4% 7% N/A 6% 8% 8% 7% 9%

254 21 118 6 3 11 24 9 8 15 29 86 47 35 54 142 12 20 2 30 32 8 5 98 34 12 58 19 13 137 16 56 12 4 22 10 48 42

$1,165,000 $985,000 $1,010,000 $1,350,000 $1,035,000 $2,275,000 $795,000 $1,400,000 $988,000 $895,000 $1,850,000 $1,400,000 $633,000 $1,040,000 $1,540,000 $1,600,000 $910,000 $530,000 $602,000 $920,000 $2,110,000 $800,000 $690,000 $700,000 $1,200,000 $980,000 $1,450,000 $1,150,000 $1,410,000 $740,000 $1,690,000 $1,925,000 $800,000 $1,225,000 $2,000,000 $1,100,000 $818,000 $835,000

$465,000 $805,000 $925,000 $615,000 $970,000 $1,695,000 $1,135,000 $940,000 $1,545,000 $490,000 $1,305,000 $1,390,000 $2,305,000

4% 1% 0% 4% -1% -1% 0% 0% -5% 10% -1% -3% 1%

6% -3% 0% 2% -6% -1% -4% -3% -7% -1% -1% -7% -8%

952 261 143 90 143 219 96 125 119 139 86 193 61

$4,850,000 $1,500,000 $1,768,000 $2,050,000 $1,972,000 $5,850,000 $4,925,000 $1,900,000 $9,000,000 $2,400,000 $6,100,000 $3,525,000 $12,200,000

E

AUCKLAND

which to buy.

For each suburb, the tables also show for the 12 months the total number of sales and the biggest single sale. Together, they give a comprehensive picture of the property market in your own suburb – and the rest of the country.

QU % CARTER HA NG

12

LAT MEEST $ VDIAN ALU E

NOR THLAND

expect to pay for a property in that suburb. The tables also track how well a suburb is performing, showing the changes in value over the last quarter and the last 12 months. These figures are a good indication of demand for property in the suburb and whether it is a good place in

B

● Hold your phone camera over the code to find out more information about your suburb and how it compares to the rest of New Zealand.

What the tables tell you The tables show the latest median value for every suburb in New Zealand, arranged by region from north to south (towns and districts within those regions are shown in alphabetical order). The median value gives an indication of what buyers could typically

UR

The model is intended to provide an estimate of value at the date it was run.

SUB

T

he OneRoof Property Report suburb valuation tables, powered by Valocity, use an automated valuation model (AVM) to provide the latest values for every suburb in New Zealand.

The AVM takes into account recorded property attributes and historical market property sales data to estimate the value of every residential property in a suburb.

GREATER AUCKLAND AUCKLAND — CITY AUCKLAND CENTRAL AVONDALE BLOCKHOUSE BAY EDEN TERRACE ELLERSLIE EPSOM FREEMANS BAY GLEN INNES GLENDOWIE GRAFTON GREENLANE GREY LYNN HERNE BAY

$1,225,000 $580,000 $1,115,000 $760,000 $960,000 $945,000 $1,115,000 $695,000 $1,145,000 $1,045,000 $870,000 $767,500 $660,000 $1,315,000 $1,090,000 $1,360,000 $1,430,000 $1,230,000 $630,000

N/A N/A N/A -2% N/A N/A N/A N/A N/A N/A 1% N/A 1% N/A N/A N/A N/A N/A -2%

-9% 4% -16% -1% N/A -8% -22% 7% -14% N/A -3% -2% 0% 4% N/A -2% N/A -17% 1%

10 9 31 50 31 20 16 15 7 11 40 12 531 8 8 13 N/A 18 236

$1,550,000 $1,190,000 $1,870,000 $2,925,000 $3,400,000 $1,860,000 $2,600,000 $990,000 $1,980,000 $1,600,000 $2,275,000 $850,000 $1,660,000 $2,100,000 $1,390,000 $2,300,000 N/A $2,025,000 $1,680,000

LAT MEEST $ VDIAN ALU E

B SUB UR AUCKLAND — MANUKAU ALFRISTON BEACHLANDS BUCKLANDS BEACH CLENDON PARK CLEVEDON CLOVER PARK COCKLE BAY DANNEMORA EAST TAMAKI EAST TAMAKI HEIGHTS EASTERN BEACH FARM COVE FAVONA FLAT BUSH GOLFLANDS GOODWOOD HEIGHTS HALF MOON BAY HIGHLAND PARK HOWICK HUNTINGTON PARK KAWAKAWA BAY MANGERE MANGERE BRIDGE MANGERE EAST MANUKAU MANUREWA MELLONS BAY

$737,500 $1,165,000 $1,170,000 $540,000 $1,350,000 $640,000 $1,160,000 $1,335,000 $960,000 $1,225,000 $1,380,000 $1,205,000 $675,000 $1,070,000 $1,040,000 $820,000 $1,100,000 $920,000 $915,000 $1,035,000 $860,000 $650,000 $945,000 $630,000 $500,000 $620,000 $1,440,000

3% 1% -2% 0% N/A 1% -2% -4% 1% -2% N/A -4% 1% -1% -1% -5% -4% -2% -2% N/A N/A -2% 3% -2% -2% 1% -5%

N/A 2% -3% 2% 0% 1% -5% -6% 3% 3% -10% -10% -1% 0% -5% -2% -4% -2% -4% -0% 7% 2% 2% -3% 0% -2% -6%

13 181 127 112 13 59 103 29 106 50 15 43 55 508 35 52 73 114 177 8 17 145 108 171 43 775 40

$1,021,000 $2,500,000 $3,550,000 $940,000 $1,650,000 $1,050,000 $4,500,000 $2,700,000 $1,430,000 $2,930,000 $3,000,000 $3,900,000 $1,595,000 $3,800,000 $1,625,000 $1,300,000 $2,410,000 $1,900,000 $2,450,000 $1,220,000 $1,500,000 $1,000,000 $1,810,000 $945,000 $1,395,000 $1,950,000 $3,860,000

$1,117,500 $495,000 $565,000 $900,000 $895,000 $690,000 $1,770,000 $1,140,000 $1,140,000 $990,000 $805,000 $1,550,000 $815,000 $2,495,000 $545,000

-4% N/A 0% 2% 1% -1% N/A -3% -6% N/A -3% N/A -1% -1% N/A

-4% 9% 4% -3% -5% -1% -3% -7% -5% 3% -1% -17% -1% N/A 3%

56 10 85 109 142 515 10 43 64 23 67 11 112 23 11

$1,539,000 $595,000 $760,000 $1,610,000 $1,430,000 $1,355,000 $3,350,000 $1,802,000 $4,650,000 $1,270,000 $1,100,000 $2,900,000 $1,280,000 $3,220,000 $866,000

AUCKLAND — NORTH SHORE ALBANY $1,020,000 ALBANY HEIGHTS $1,075,000 BAYSWATER $1,165,000 BAYVIEW $790,000 BEACH HAVEN $800,000 BELMONT $1,060,000 BIRKDALE $770,000 BIRKENHEAD $945,000 BROWNS BAY $1,020,000 CAMPBELLS BAY $1,700,000 CASTOR BAY $1,440,000 CHATSWOOD $1,160,000 DEVONPORT $1,545,000 FAIRVIEW HEIGHTS $1,350,000 FORREST HILL $1,115,000 GLENFIELD $840,000 GREENHITHE $1,290,000 HAURAKI $1,325,000 HILLCREST $990,000 LONG BAY $1,415,000 LUCAS HEIGHTS $1,705,000 MAIRANGI BAY $1,430,000 MILFORD $1,190,000 MURRAYS BAY $1,310,000 NARROW NECK $1,385,000 NORTHCOTE $1,015,000 NORTHCOTE POINT $1,260,000 NORTHCROSS $970,000 OKURA $2,365,000 OTEHA $925,000 PAREMOREMO $1,410,000 PINEHILL $1,370,000 ROSEDALE $895,000 ROTHESAY BAY $1,225,000 SCHNAPPER ROCK $1,415,000 STANLEY POINT $1,700,000 SUNNYNOOK $1,010,000 TAKAPUNA $1,335,000 TORBAY $985,000 TOTARA VALE $845,000 UNSWORTH HEIGHTS $945,000 WAIAKE $1,145,000 WAIRAU VALLEY $790,000 WINDSOR PARK $1,125,000

0% N/A 0% 1% -1% 0% -1% 1% -0% -1% -1% -2% 0% 1% -0% 1% -1% -1% -2% -4% N/A 1% 1% 1% 2% 0% 1% N/A N/A -3% N/A -1% N/A 0% 3% -3% 1% -2% 1% 0% 1% -2% N/A 1%

-12% 3% -5% -2% -6% -2% -4% -1% -2% -7% -8% -6% -3% -4% -6% -3% -1% -2% -3% -11% N/A -4% 0% -5% -2% -1% -3% -3% N/A 1% N/A -0% -19% -5% 4% -8% -1% -3% -3% -3% -2% -6% 0% 2%

149 21 32 120 154 46 126 141 146 32 43 30 101 28 118 220 112 68 137 47 11 81 124 49 30 96 36 27 4 84 10 44 7 41 38 32 63 136 227 87 77 28 3 23

$1,640,000 $2,200,000 $2,825,000 $1,400,000 $1,550,000 $3,475,000 $1,271,000 $4,100,000 $4,050,000 $4,100,000 $3,180,000 $1,550,000 $10,000,000 $1,734,000 $2,660,000 $1,385,000 $2,980,000 $5,800,000 $1,705,000 $2,580,000 $3,373,400 $2,850,000 $6,575,000 $4,108,888 $5,000,000 $2,000,000 $3,500,000 $1,600,000 $2,650,000 $2,309,998 $3,375,000 $2,100,000 $1,000,000 $3,770,000 $3,050,000 $3,800,000 $1,568,000 $7,500,000 $3,050,000 $1,225,000 $1,760,000 $4,125,000 $728,000 $2,450,000

AUCKLAND — PAPAKURA CONIFER GROVE DRURY KARAKA OPAHEKE PAHUREHURE PAPAKURA RED HILL ROSEHILL TAKANINI

$800,000 $700,000 $1,190,000 $725,000 $740,000 $610,000 $585,000 $590,000 $720,000

-1% N/A -1% -1% -1% 2% 4% -2% -1%

-1% N/A 7% -1% -3% 0% 3% -3% 1%

81 8 101 77 59 505 38 51 318

$1,175,000 $1,785,000 $3,200,000 $2,117,000 $1,025,000 $1,600,000 $875,000 $1,335,000 $2,450,000

AUCKLAND — RODNEY ALGIES BAY ARKLES BAY ARMY BAY COATESVILLE DAIRY FLAT GULF HARBOUR HATFIELDS BEACH HELENSVILLE HUAPAI KAIPARA FLATS KAUKAPAKAPA KUMEU LEIGH MAHURANGI WEST MAKARAU MANLY MATAKANA

$915,000 $850,000 $890,000 $2,285,000 $2,087,500 $810,000 $785,000 $800,000 $945,000 $1,210,000 $1,180,000 $1,140,000 $825,000 $1,525,000 $985,000 $820,000 $1,210,000

N/A N/A 1% N/A N/A 3% N/A 1% -2% N/A 2% -6% N/A -12% N/A 1% N/A

2% -4% 3% -12% -15% 0% 0% -2% -4% 13% 1% -24% -7% 14% 8% -2% 4%

13 18 30 15 24 135 15 89 34 12 27 74 11 2 13 85 30

$1,575,000 $1,550,000 $1,155,000 $4,645,000 $4,050,000 $2,000,000 $1,545,000 $1,750,000 $1,350,000 $1,410,000 $1,605,000 $3,200,000 $12,000,000 $985,000 $1,450,000 $4,625,000 $2,750,000

NORTHPARK ORERE POINT OTARA PAKURANGA PAKURANGA HEIGHTS PAPATOETOE SHAMROCK PARK SOMERVILLE SUNNYHILLS THE GARDENS TOTARA HEIGHTS TOTARA PARK WATTLE DOWNS WHITFORD WIRI

13

TOT NU AL OF MBER (LASALES MOST 12 NTH S) BIG SINGEST (LA GLE S MOST 12 ALE NTH S)

AUCKLAND — FRANKLIN ARARIMU AWHITU BOMBAY CLARKS BEACH GLENBROOK HUNUA KINGSEAT MANUKAU HEADS MAUKU PAERATA PATUMAHOE POLLOK PUKEKOHE PUKEKOHE EAST PUNI RAMARAMA RUNCIMAN WAIAU PA WAIUKU

12 % C-MON HA TH NG E

$1,856,262 $2,175,000 $7,600,000 $1,810,000 $2,306,000 $6,600,000 $2,000,000 $2,800,000 $4,500,000 $1,750,000 $2,440,000 $1,515,000 $1,750,000 $1,430,000 $1,900,000 $3,100,000 $9,000,000 $3,900,000 $5,150,000 $2,300,000 $2,500,000 $3,185,000 $1,600,000 $6,800,000 $1,520,000 $3,550,000 $1,400,000 $5,201,000 $16,550,000 $2,270,000 $17,600,000 $2,110,000 $5,050,000 $2,480,000 $1,830,000 $2,770,000 $1,869,000 $1,950,000 $2,500,000 $1,720,000 $8,000,000

E

85 42 82 54 86 58 59 211 300 293 267 70 40 14 56 247 57 27 59 39 110 17 67 144 9 146 31 95 388 75 177 65 32 127 102 44 31 7 28 45 66

QU % CARTER HA NG

-3% -9% -7% 1% -6% -6% -1% -6% -3% -2% 3% -4% -10% 1% -4% -7% -1% -0% -3% 0% -2% -1% -0% -7% -3% -6% -5% -5% -1% -3% -5% -6% 0% -8% -2% -3% -1% N/A -10% 3% -13%

LAT MEEST $ VDIAN ALU E

-4% 1% -5% 1% -3% -3% 3% 1% -2% -1% 1% -2% -1% N/A -2% -2% 2% 4% -5% 4% -2% N/A 2% 3% N/A -2% -1% -2% 1% 3% -4% -3% 2% 1% 5% 3% N/A N/A N/A 7% -3%

B

$1,040,000 $1,175,000 $1,495,000 $960,000 $1,250,000 $1,465,000 $1,105,000 $1,070,000 $1,395,000 $925,000 $795,000 $910,000 $670,000 $805,000 $985,000 $860,000 $1,145,000 $1,000,000 $1,560,000 $875,000 $625,000 $1,165,000 $807,500 $1,255,000 $895,000 $1,390,000 $895,000 $1,732,500 $1,720,000 $1,120,000 $1,497,500 $1,130,000 $2,120,000 $1,110,000 $1,345,000 $925,000 $947,500 $1,165,000 $1,190,000 $925,000 $1,655,000

SUB UR

12 % C-MON HA TH NG E

HILLSBOROUGH KINGSLAND KOHIMARAMA LYNFIELD MEADOWBANK MISSION BAY MORNINGSIDE MOUNT ALBERT MOUNT EDEN MOUNT ROSKILL MOUNT WELLINGTON NEW WINDSOR NEWMARKET OMIHA ONE TREE HILL ONEHUNGA ONEROA ONETANGI ORAKEI OSTEND OTAHUHU PALM BEACH PANMURE PARNELL PENROSE POINT CHEVALIER POINT ENGLAND PONSONBY REMUERA ROYAL OAK SAINT HELIERS SAINT JOHNS SAINT MARYS BAY SANDRINGHAM STONEFIELDS SURFDALE THREE KINGS WAIHEKE ISLAND WAIOTAIKI BAY WATERVIEW WESTMERE

E QU % CARTER HA NG

TOT NU AL OF MBER (LASALES MOST 12 NTH S) BIG SINGEST (LA GLE S MOST 12 ALE NTH S)

OneRoof Property Report

$825,000 $900,000 $715,000 $735,000 $850,000 $770,000 $860,000 $1,060,000 $925,000 $690,000 $680,000 $735,000 $790,000 $725,000 $745,000 $920,000 $800,000 $970,000 $655,000 $700,000 $850,000 $910,000 $795,000 $885,000 $820,000 $1,000,000 $940,000 $820,000 $990,000

N/A N/A 1% 1% -2% 1% N/A N/A -1% N/A -5% 0% 0% 1% 1% N/A N/A N/A -1% 1% 0% -2% -1% 0% N/A -2% -4% -4% 1%

1% -0% -1% -2% -4% -1% -1% -5% N/A -5% N/A 0% -4% -3% -3% -2% -6% -4% -4% -5% 1% -4% -1% -1% -4% -23% -10% -5% N/A

2 3 329 88 55 476 21 4 357 4 2 46 37 383 260 24 8 19 175 82 96 198 220 206 16 26 189 23 85

$755,000 $775,000 $1,500,000 $1,230,000 $1,490,000 $2,504,347 $1,730,000 $1,790,000 $1,880,000 $852,000 $645,000 $1,739,131 $1,500,000 $1,320,000 $1,400,500 $1,950,000 $1,940,000 $1,450,000 $1,280,000 $1,080,000 $1,480,000 $1,920,000 $1,380,000 $1,720,000 $1,329,000 $1,775,000 $1,950,000 $1,208,000 $3,620,000

LAT MEEST $ VDIAN ALU E

B

WAIKATO COROMANDEL COOKS BEACH COROGLEN COROMANDEL HAHEI HIKUTAIA HOT WATER BEACH KAIMARAMA KOPU KUAOTUNU MATARANGI MATATOKI ONEMANA OPITO BAY OPOUTERE PAUANUI PURIRI TAIRUA TAPU TE KOUMA TE MATA TE PURU THAMES THORNTON BAY TUATEAWA WAIOMU

$715,000 $705,000 $610,000 $990,000 $685,000 $1,015,000 $830,000 $615,000 $710,000 $600,000 $555,000 $695,000 $1,105,000 $647,500 $810,000 $577,500 $660,000 $570,000 $862,500 $590,000 $595,000 $495,000 $707,500 $530,000 $522,500

-3% N/A 8% -7% N/A N/A N/A N/A N/A 3% -3% N/A N/A N/A 7% N/A 2% 12% N/A N/A N/A 1% N/A N/A N/A

4% N/A 24% 4% N/A 12% N/A 3% N/A 5% -9% -3% 8% -1% 9% -7% 2% 6% 8% 4% 10% 1% 10% 22% 7%

27 3 57 24 6 4 4 4 4 54 2 12 5 2 105 9 69 1 6 5 7 152 12 5 8

$3,000,000 $710,000 $1,345,000 $4,050,000 $930,000 $2,000,000 $1,339,000 $675,000 $1,650,000 $2,150,000 $684,000 $1,001,110 $1,375,000 $630,000 $3,637,500 $1,100,000 $1,775,000 $355,000 $920,000 $725,000 $850,000 $1,260,000 $1,100,000 $530,000 $780,000

TOT NU AL OF MBER (LASALES MOST 12 NTH S) BIG SINGEST (LA GLE S MOST 12 ALE NTH S)

AUCKLAND â&#x20AC;&#x201D; WAITAKERE BETHELLS BEACH CORNWALLIS GLEN EDEN GLENDENE GREEN BAY HENDERSON HENDERSON VALLEY HERALD ISLAND HOBSONVILLE HUIA KAREKARE KELSTON LAINGHOLM MASSEY NEW LYNN ORATIA PARAU PIHA RANUI SUNNYVALE SWANSON TE ATATU PENINSULA TE ATATU SOUTH TITIRANGI WAIATARUA WAITAKERE WEST HARBOUR WESTGATE WHENUAPAI

12 % C-MON HA TH NG E

$1,620,000 $3,000,000 $7,225,000 $3,450,000 N/A $745,000 $5,850,000 $558,000 $3,350,000 $2,080,000 N/A $5,255,000 N/A $4,550,000 $1,920,000 $2,300,000 $3,300,000 $2,500,000 $2,425,000 $3,800,000 $855,000 $525,000 $3,500,000 $700,000 $2,125,000 $2,800,000 $2,590,000 $1,200,000 $4,500,000 $1,200,000 $1,055,000 $1,480,000

$725,000 $865,000 $810,000 $645,000

4% N/A N/A -1%

1% 10% N/A 8%

224 15 5 242

$4,200,000 $3,220,000 $1,200,000 $1,780,000

$410,000 $712,500 $620,000 $965,000 $570,000 $655,000 $550,000 $470,000 $525,000 $420,000 $490,000 $540,000 $562,500 $805,000 $540,000 $425,000 $550,000 $860,000 $675,000 $555,000 $535,000 $625,000 $820,000 $600,000 $795,000 $520,000 $465,000 $460,000 $1,042,500 $1,012,500 $565,000 $700,000 $665,000 $1,255,000 $740,000 $770,000 $660,000 $560,000 $540,000 $562,500 $715,000 $450,000

0% N/A -1% N/A 2% 0% 3% 1% 2% 6% 3% 1% 1% 1% 2% 0% 2% N/A 2% 4% 2% -0% N/A 4% 1% 4% 1% 5% N/A N/A 1% 0% N/A N/A 0% 0% N/A 1% 2% N/A -1% 2%

8% N/A 6% 21% 7% 6% 8% 2% 6% 11% 7% 9% 4% 5% 5% 5% 5% 1% 7% 8% 4% 9% 2% 12% 5% 6% 4% 5% 0% -4% 0% 2% 6% 15% 2% 3% 7% 5% 5% 4% 4% 14%

45 21 53 7 264 31 72 22 189 68 128 68 59 285 59 198 132 13 41 87 293 52 16 176 153 56 130 256 13 12 106 40 17 5 90 122 3 143 41 13 22 33

$620,000 $1,021,000 $1,453,000 $925,000 $1,405,000 $838,000 $2,225,000 $618,000 $812,000 $673,000 $1,560,000 $660,000 $870,000 $1,972,000 $765,000 $1,312,500 $775,000 $1,469,000 $822,500 $1,140,000 $1,500,000 $1,300,000 $1,700,000 $1,400,000 $1,230,000 $720,000 $1,600,000 $860,000 $2,425,000 $1,280,000 $1,680,000 $1,050,000 $812,000 $1,710,000 $1,680,000 $1,250,100 $735,000 $1,610,000 $695,000 $1,500,000 $902,000 $1,475,000

$550,000 $540,000 $335,000 $500,000 $390,000 $540,000 $535,000 $425,000 $815,000 $745,000 $490,000 $750,000 $635,000

N/A N/A N/A 5% 3% N/A N/A 6% 9% N/A N/A N/A N/A

N/A N/A 0% 4% 4% N/A N/A 16% 7% 45% N/A N/A 20%

6 4 12 40 87 4 13 132 75 9 5 9 7

$676,500 $775,000 $378,000 $637,000 $785,000 $800,000 $810,000 $850,000 $1,700,000 $1,300,000 $671,500 $830,000 $730,000

$720,000 $520,000 $525,000 $1,007,500 $520,000 $540,000 $430,000 $742,500 $430,000

N/A 1% 1% N/A N/A N/A 5% N/A N/A

19% 9% 18% 23% N/A N/A 16% N/A N/A

6 235 270 5 4 8 136 5 7

$775,000 $2,250,000 $1,200,000 $1,120,000 $660,000 $885,000 $1,400,000 $640,000 $572,000

OTOROHANGA KAWHIA OTOROHANGA

$390,000 $385,000

N/A 5%

10% 22%

14 102

$615,000 $930,000

SOUTH WAIKATO ARAPUNI KINLEITH LICHFIELD PUTARURU TAPAPA TIRAU TOKOROA

$370,000 $705,000 $660,000 $340,000 $600,000 $400,000 $240,000

N/A N/A N/A 1% N/A -5% 2%

19% N/A 11% 13% 23% 13% 26%

13 3 10 106 3 45 360

$535,000 $685,000 $745,000 $1,250,000 $735,000 $820,000 $825,000

TAUPO ACACIA BAY BROADLANDS FOREST HATEPE

$750,000 $507,500 $445,000

-3% N/A 9%

6% 22% 29%

53 12 N/A

$3,000,000 $810,000 N/A

E

14 23 39 232 N/A 31 11 1 18 126 N/A 54 N/A 121 85 13 203 30 10 9 2 1 9 2 37 12 16 8 119 57 5 5

QU % CARTER HA NG

-4% 13% 2% 2% N/A -3% 0% -11% 3% -1% N/A -8% N/A -6% -2% 8% -3% 2% -29% 7% -2% 4% -5% -2% 14% -9% -3% -4% 6% 3% 13% 8%

LAT MEEST $ VDIAN ALU E

N/A N/A 5% 2% N/A -1% N/A N/A 3% 0% N/A -5% N/A -6% -3% N/A 1% -0% N/A N/A N/A N/A N/A N/A 1% N/A N/A N/A 4% -2% N/A N/A

B

$1,070,000 $1,102,500 $1,530,000 $910,000 N/A $565,000 $1,260,000 $590,000 $1,215,000 $915,000 N/A $1,085,000 N/A $1,060,000 $720,000 $1,150,000 $770,000 $960,000 $1,675,000 $1,157,500 $927,500 $1,555,000 $1,100,000 $1,012,500 $1,275,000 $1,590,000 $1,815,000 $865,000 $850,000 $575,000 $915,000 $1,390,000

SUB UR

12 % C-MON HA TH NG E

MATAKATIA MURIWAI OMAHA OREWA PAKIRI PARAKAI POINT WELLS PORT ALBERT PUHOI RED BEACH REDVALE RIVERHEAD SHELLY BEACH SILVERDALE SNELLS BEACH SOUTH HEAD STANMORE BAY STILLWATER TAUPAKI TAWHARANUI PENINSULA TE ARAI TI POINT TINDALLS BEACH TOMARATA WAIMAUKU WAINUI WAITOKI WAIWERA WARKWORTH WELLSFORD WHANGARIPO WHANGATEAU

E QU % CARTER HA NG

TOT NU AL OF MBER (LASALES MOST 12 NTH S) BIG SINGEST (LA GLE S MOST 12 ALE NTH S)

OneRoof Property Report

SUB UR

MO NTH

S)

14

WHANGAMATA WHANGAPOUA WHENUAKITE WHITIANGA HAMILTON BADER BAVERSTOCK BEERESCOURT BURBUSH CHARTWELL CHEDWORTH CLAUDELANDS DEANWELL DINSDALE ENDERLEY FAIRFIELD FAIRVIEW DOWNS FITZROY FLAGSTAFF FOREST LAKE FRANKTON GLENVIEW GORDONTON GRANDVIEW HEIGHTS HAMILTON CENTRAL HAMILTON EAST HAMILTON LAKE HARROWFIELD HILLCREST HUNTINGTON MAEROA MELVILLE NAWTON NEWSTEAD PUKETAHA PUKETE QUEENWOOD RIVERLEA ROTOKAURI ROTOTUNA ROTOTUNA NORTH RUAKURA SAINT ANDREWS SILVERDALE TEMPLE VIEW WESTERN HEIGHTS WHITIORA HAURAKI KAIAUA KARANGAHAKE KEREPEHI NGATEA PAEROA PIPIROA TURUA WAIHI WAIHI BEACH WAIKINO WAITAKARURU WHAKATIWAI WHIRITOA MATAMATA MANAWARU MATAMATA MORRINSVILLE OKAUIA RICHMOND DOWNS TAHUNA TE AROHA TE POI WAIHOU

N/A N/A N/A N/A N/A N/A N/A N/A 1% N/A N/A N/A N/A N/A N/A 3% -8% N/A N/A -13% N/A -5% N/A 5% N/A -5% N/A -4% -6% 5% 1% N/A 3% N/A

-10% 2% N/A 6% 9% N/A -10% -7% 1% N/A -8% -10% N/A 16% N/A 8% -7% -5% -9% -9% 8% 5% -2% 1% 9% 10% N/A -4% -6% -4% 1% N/A 6% N/A

5 16 3 9 4 7 19 8 188 5 14 3 9 17 5 166 15 5 17 26 18 124 4 101 30 17 2 55 2 35 147 10 34 4

$875,000 $1,630,000 $725,000 $1,100,000 $352,000 $872,000 $1,545,000 $2,820,000 $1,400,000 $1,245,000 $1,313,000 $700,000 $960,000 $420,000 $1,300,000 $1,500,000 $975,000 $615,000 $1,280,000 $1,600,000 $2,870,000 $1,900,000 $1,240,000 $4,078,000 $1,673,940 $1,800,000 $800,000 $1,150,000 $845,000 $1,550,000 $1,333,000 $788,000 $1,320,000 $640,000

WAIPA CAMBRIDGE KARAPIRO KIHIKIHI LEAMINGTON NGAHINAPOURI OHAUPO PIRONGIA ROTOORANGI RUKUHIA TE AWAMUTU TE MIRO TE PAHU

$765,000 $1,005,000 $455,000 $615,000 $885,000 $840,000 $750,000 $850,000 $920,000 $510,000 $955,000 $710,000

2% -1% 5% -1% 1% 1% 8% N/A N/A 3% N/A N/A

6% 3% 7% 8% -4% 7% 11% N/A -1% 10% 5% 15%

402 17 72 307 25 47 41 11 24 417 14 13

$3,250,000 $2,225,000 $955,000 $1,755,000 $1,500,000 $2,800,000 $961,000 $1,650,000 $1,595,000 $1,400,000 $1,520,000 $1,100,000

$245,000 $295,000 $255,000 $270,000

N/A N/A N/A 10%

23% 13% 50% 29%

4 6 20 125

$330,000 $395,000 $790,000 $800,000

B SUB UR WAITOMO AWAKINO MOKAU PIOPIO TE KUITI

BAY OF PLENTY BAY OF PLENTY AONGATETE ATHENREE HAURAKI SURROUNDS KAIMAI KATIKATI MAKETU OMOKOROA OROPI PAENGAROA PONGAKAWA PUKEHINA

$825,000 $670,000 $802,500 $935,000 $525,000 $495,000 $760,000 $1,075,000 $620,000 $705,000 $775,000

N/A 4% 1% 2% -4% N/A 1% N/A N/A N/A 7%

N/A 5% -1% 2% -4% 5% -7% 10% 13% -2% 7%

34 30 52 47 119 12 92 20 25 7 37

$1,450,000 $1,500,000 $2,000,000 $1,500,000 $2,850,000 $1,530,000 $2,000,000 $1,562,000 $1,445,000 $820,000 $1,425,000

6% N/A N/A 9%

3% 10% 5% 13%

183 18 11 67

$1,599,000 $2,660,000 $1,650,000 $3,000,000

KAWERAU KAWERAU

$245,000

4%

7%

171

$617,000

OPOTIKI OPOTIKI & SURROUNDS OPOTIKI COASTAL TE KAHA WAIHAU BAY

$320,000 $400,000 $370,000 $395,000

0% N/A N/A N/A

3% 7% -15% N/A

91 21 3 2

$1,250,000 $855,000 $660,000 $580,000

ROTORUA FAIRY SPRINGS FENTON PARK FORDLANDS GLENHOLME HAMURANA HANNAHS BAY HILLCREST HOLDENS BAY HOROHORO KAWAHA POINT KOUTU LAKE OKAREKA LAKE ROTOMA LAKE TARAWERA LYNMORE MAMAKU MANGAKAKAHI MOUREA NGAKURU NGAPUNA NGONGOTAHA OHINEMUTU OKERE FALLS OWHATA PUKEHANGI REPOROA & SURROUNDS ROTOITI FOREST ROTORUA CENTRAL SELWYN HEIGHTS SPRINGFIELD TIHIOTONGA TIKITERE UTUHINA VICTORIA WAIKITE VALLEY WESTBROOK WESTERN HEIGHTS WHAKAREWAREWA

$400,000 $385,000 $215,000 $505,000 $802,500 $370,000 $435,000 $410,000 $790,000 $505,000 $320,000 $815,000 $380,000 $870,000 $700,000 $360,000 $380,000 $325,000 $755,000 $260,000 $415,000 $407,500 $587,500 $430,000 $415,000 $520,000 $470,000 $365,000 $380,000 $575,000 $675,000 $870,000 $420,000 $400,000 $800,000 $490,000 $345,000 $365,000

8% 3% -2% 1% -1% N/A -1% N/A N/A 0% 5% N/A N/A N/A 4% -1% 7% N/A N/A 2% 1% -2% N/A 1% 2% N/A N/A N/A N/A -1% N/A N/A -1% 7% N/A -4% 6% N/A

18% 15% 13% 12% -3% 16% 9% 11% 21% 12% 12% 0% 13% -5% 12% 20% 17% 19% 20% 11% 9% 9% 12% 9% 17% 19% 13% 16% 19% 8% 7% 6% 9% 18% 19% 9% 10% 20%

41 29 27 87 46 9 30 14 2 38 44 7 11 15 77 28 76 11 8 2 93 1 9 138 114 18 5 15 19 84 9 21 39 41 3 94 77 2

$550,000 $575,000 $340,000 $1,080,000 $2,050,000 $980,000 $596,000 $750,000 $705,000 $1,200,000 $548,000 $1,450,000 $557,000 $1,600,000 $1,018,000 $570,000 $675,000 $1,350,000 $815,000 $315,000 $1,357,500 $308,000 $1,070,000 $1,000,000 $815,000 $750,000 $1,090,000 $610,000 $420,000 $905,000 $900,000 $1,500,000 $605,000 $840,000 $880,000 $2,200,000 $820,000 $415,366

$535,000 $800,000 $560,000 $495,000 $530,000 $535,000 $510,000 $735,000 $720,000 $600,000 $785,000 $760,000 $695,000 $705,000 $470,000 $475,000 $740,000 $670,000 $590,000 $1,425,000 $615,000

-1% 0% -1% 3% 3% 2% 1% -13% -3% -1% 4% -1% -1% 2% 4% N/A 0% 3% 0% N/A 0%

3% 5% 4% 11% 6% 7% 4% 4% 3% 7% 8% 4% 7% 6% 8% 7% 5% -1% 2% 17% 4%

60 117 76 91 71 37 53 N/A 80 43 343 65 122 557 33 13 226 41 68 15 180

$795,000 $2,215,000 $858,000 $733,000 $665,000 $872,500 $780,000 N/A $3,000,000 $1,100,000 $6,000,000 $2,350,000 $1,655,000 $2,150,000 $620,000 $740,000 $4,850,000 $1,350,000 $1,675,000 $2,075,000 $1,700,000

$675,000 $365,000 $590,000 $480,000 $100,000 $120,000 $765,000 $635,000 $675,000 $185,000 $260,000 $840,000 $450,000

1% -1% N/A N/A N/A N/A -4% N/A N/A N/A N/A N/A 1%

6% 16% 3% N/A 43% N/A 10% 2% 6% N/A N/A 13% 11%

27 51 2 17 22 2 94 15 7 14 8 5 336

$972,500 $934,000 $840,000 $650,000 $250,000 $375,000 $1,730,000 $905,000 $1,017,500 $740,000 $810,000 $950,000 $1,550,000

TE PUKE TE PUNA WAIROA WHAKAMARAMA

TAURANGA BELLEVUE BETHLEHEM BROOKFIELD GATE PA GREERTON HAIRINI JUDEA MATAPIHI MATUA MAUNGATAPU MOUNT MAUNGANUI OHAUITI OTUMOETAI PAPAMOA PARKVALE POIKE PYES PA TAURANGA CENTRAL TAURANGA SOUTH TAURIKO WELCOME BAY WHAKATANE COASTLANDS EDGECUMBE MANAWAHE MATATA MURUPARA MURUPARA SURROUNDS OHOPE OTAKIRI ROTOMA TANEATUA TE TEKO THORNTON WHAKATANE

15

TOT NU AL OF MBER (LASALES MOST 12 NTH S) BIG SINGEST (LA GLE S MOST 12 ALE NTH S)

$830,000 $995,000 $835,000 $877,500 $705,000 $645,000 $575,000 $1,185,000 $345,000 $745,000 $890,000 $665,000 $607,500 $360,000 $790,000 $465,000 $755,000 $620,000 $905,000 $865,000 $1,060,000 $705,000 $855,000 $1,280,000 $700,000 $890,000 $382,500 $580,000 $770,000 $905,000 $570,000 $740,000 $940,000 $527,500

12 % C-MON HA TH NG E

WAIKATO AKA AKA BUCKLAND CHURCHILL EUREKA GLEN MASSEY GLEN MURRAY HOROTIU HORSHAM DOWNS HUNTLY MANGATANGI MANGATAWHIRI MARAMARUA MERCER MEREMERE MIRANDA NGARUAWAHIA ONEWHERO ORINI OTAUA PUKEKAWA PUKEMOREMORE RAGLAN RANGIRIRI TAMAHERE TAUPIRI TAUWHARE TE AKAU TE KAUWHATA TE KOHANGA TE KOWHAI TUAKAU WAERENGA WHATAWHATA WHITIKAHU

$525,000 $1,170,000 $1,115,000 $1,050,000

E

$1,335,000 $1,300,000 $1,185,000 $1,720,000 $1,590,000 $1,400,000 $710,000 $1,150,000 $610,000 $1,100,000 $660,000 $960,000 $720,000 $610,000 $2,800,000 $717,000 $680,000 $1,680,000 $1,250,000 $1,551,500 $2,000,000

QU % CARTER HA NG

67 68 40 16 76 8 24 131 22 10 5 51 67 52 266 1 140 62 32 10 33

LAT MEEST $ VDIAN ALU E

11% 9% 19% 25% 15% 42% 12% 7% 16% 6% 25% 10% 12% 16% 8% 15% 30% 6% 8% 16% 12%

B

12 % C-MON HA TH NG E

-3% 2% -1% N/A 15% N/A N/A 2% N/A N/A N/A 1% 1% 4% -1% 2% -6% -2% 20% N/A -3%

HILLTOP KINLOCH KURATAU LAKE TAUPO (EAST) MANGAKINO MAUNGANAMU MOTUOAPA NUKUHAU OMORI ORUANUI PUKAWA RANGATIRA PARK RICHMOND HEIGHTS TAUHARA TAUPO TOKAANU TURANGI WAIPAHIHI WAIRAKEI & SURROUNDS WAITAHANUI WHAREWAKA

SUB UR

QU % CARTER HA NG

$540,000 $725,000 $480,000 $500,000 $235,000 $985,000 $475,000 $542,500 $460,000 $790,000 $500,000 $630,000 $480,000 $360,000 $470,000 $265,000 $260,000 $660,000 $655,000 $547,500 $765,000

E LAT MEEST $ VDIAN ALU E

TOT NU AL OF MBER (LASALES MOST 12 NTH S) BIG SINGEST (LA GLE S MOST 12 ALE NTH S)

OneRoof Property Report

3% -3% N/A N/A N/A 1% 1% -1% 2% N/A 1% -4% -1% N/A 0% N/A 9% 0% 1% -0% 5% N/A N/A N/A 1% 0% -8% 2% N/A N/A 4% 2% N/A 1% 1% 2%

6% 1% 4% 4% 5% 0% 4% 2% 6% 8% 3% 1% 10% -3% 2% 2% 17% 2% 3% 4% 3% 9% -1% 12% 3% 3% -1% 8% 26% N/A 5% 7% 7% 5% 4% 5%

172 34 18 9 21 42 85 21 41 12 28 22 133 17 35 2 32 101 47 136 32 33 7 5 63 73 32 5 1 14 63 105 17 50 156 51

$930,000 $550,000 $790,000 $1,020,000 $890,000 $2,010,226 $1,100,000 $799,000 $1,370,000 $2,050,000 $800,000 $923,601 $1,300,000 $1,100,000 $800,000 $860,000 $420,000 $998,000 $1,555,000 $3,180,000 $1,450,000 $790,000 $1,600,000 $795,000 $610,000 $1,750,000 $1,575,000 $862,500 $525,000 $1,150,000 $855,000 $912,500 $980,000 $780,000 $860,000 $785,000

$210,000 $275,000 $150,000 $210,000 $255,000 $130,000 $165,000

8% 8% 3% 17% 21% 0% 10%

14% 12% 11% 12% 28% 24% 43%

70 328 27 28 56 34 41

$490,000 $810,000 $625,000 $610,000 $660,000 $215,000 $310,000

$310,000 $280,000

N/A -2%

18% 8%

6 169

$525,000 $1,475,000

MANAWATU-WHANGANUI HOROWHENUA FOXTON FOXTON BEACH HOKIO BEACH LEVIN MANAKAU OHAU SHANNON TOKOMARU WAITARERE BEACH

$275,000 $365,000 $335,000 $345,000 $560,000 $645,000 $250,000 $325,000 $390,000

6% 4% N/A 5% N/A N/A 4% N/A 5%

22% 22% 29% 17% 17% 12% 14% 23% 15%

87 101 11 574 20 31 62 17 45

$675,000 $780,000 $735,000 $950,000 $868,000 $1,340,000 $935,000 $700,000 $1,200,000

MANAWATU FEILDING HALCOMBE HIMATANGI BEACH KAIRANGA NEWBURY POHANGINA RONGOTEA SANSON TANGIMOANA TIAKITAHUNA

$395,000 $437,500 $325,000 $705,000 $717,500 $600,000 $365,000 $305,000 $202,500 $600,000

4% N/A 3% N/A N/A N/A 33% N/A N/A N/A

16% N/A 23% 13% 17% N/A 20% 15% 7% N/A

450 22 28 9 7 11 30 16 13 1

$1,100,000 $780,000 $535,000 $1,600,000 $1,500,000 $850,000 $1,200,000 $920,000 $400,000 $495,750

PALMERSTON NORTH AOKAUTERE ASHHURST AWAPUNI CLOVERLEA FITZHERBERT HIGHBURY HOKOWHITU KELVIN GROVE LINTON MILSON PALMERSTON NTH CNTRL ROSLYN TAKARO TERRACE END TURITEA

$750,000 $385,000 $400,000 $375,000 $645,000 $330,000 $520,000 $545,000 $672,500 $415,000 $420,000 $345,000 $375,000 $420,000 $875,000

N/A 0% 0% 4% 2% 2% 3% 1% N/A 4% 4% 5% 4% 2% N/A

21% 12% 11% 17% 12% 10% 13% 14% 17% 19% 15% 13% 15% 15% 15%

24 88 201 51 114 108 227 184 11 155 150 142 129 123 5

$1,780,000 $740,000 $925,000 $525,000 $1,420,000 $600,000 $1,550,000 $1,057,000 $860,000 $940,000 $790,000 $860,000 $575,000 $801,000 $965,000

TOT NU AL OF MBER (LASALES MOST 12 NTH S) BIG SINGEST (LA GLE S MOST 12 ALE NTH S)

WEST END WESTBROOK WHAKARONGO

$390,000 $330,000 $615,000

3% 3% N/A

15% 14% 13%

122 45 3

$1,111,000 $895,000 $690,000

RANGITIKEI BULLS HUNTERVILLE KOITIATA MARTON TAIHAPE & SURROUNDS

$280,000 $190,000 $282,500 $255,000 $180,000

10% N/A N/A 11% -12%

24% 41% 45% 21% 6%

44 25 5 197 48

$685,000 $705,000 $310,000 $580,000 $450,000

RUAPEHU KAKAHI MANUNUI NATIONAL PARK OHAKUNE OWHANGO RAETIHI TAUMARUNUI

$205,000 $187,500 $265,000 $330,000 $230,000 $135,000 $185,000

N/A N/A N/A 20% N/A -13% 12%

12% 25% 15% 18% 24% N/A 23%

6 21 15 109 16 44 129

$324,500 $330,000 $570,000 $640,000 $410,000 $555,000 $750,000

TARARUA DANNEVIRKE EKETAHUNA ORMONDVILLE PAHIATUA WOODVILLE

$245,000 $175,000 $375,000 $240,000 $235,000

7% N/A N/A 3% 15%

26% 13% 27% 20% 31%

198 22 10 116 64

$750,000 $468,000 $430,000 $855,000 $492,500

WHANGANUI ARAMOHO BASTIA HILL BRUNSWICK CASTLECLIFF COLLEGE ESTATE DURIE HILL FORDELL GONVILLE KAI IWI KAITOKE MARYBANK OKOIA OTAMATEA PUTIKI SAINT JOHNS HILL SPRINGVALE TAWHERO WANGANUI CENTRAL WANGANUI EAST WESTMERE

$245,000 $345,000 $685,000 $220,000 $335,000 $320,000 $475,000 $240,000 $470,000 $530,000 $385,000 $495,000 $570,000 $345,000 $430,000 $360,000 $305,000 $230,000 $260,000 $617,500

7% N/A N/A 19% -1% 7% N/A 14% N/A N/A N/A N/A -1% N/A 2% 4% 5% 10% 6% 7%

23% 13% 23% 38% 12% 14% 19% 26% N/A N/A 13% 13% 13% 25% 18% 26% 22% 33% 24% 14%

113 13 8 162 38 34 4 161 8 1 1 9 35 4 59 121 59 158 203 26

$700,000 $570,000 $820,000 $765,000 $699,000 $650,000 $675,000 $611,000 $770,000 $820,000 $465,000 $705,000 $851,438 $600,000 $900,000 $620,000 $670,000 $525,000 $660,000 $780,000

B

E

12 % C-MON HA TH NG E

SOUTH TARANAKI ELTHAM HAWERA MANAIA NORMANBY OPUNAKE PATEA WAVERLEY STRATFORD MIDHIRST STRATFORD

$445,000 $355,000 $415,000 $540,000 $410,000 $490,000 $435,000 $470,000 $570,000 $845,000 $477,500 $760,000 $380,000 $590,000 $415,000 $652,500 $310,000 $495,000 $410,000 $502,500 $770,000 $375,000 $685,000 $695,000 $345,000 $540,000 $590,000 $800,000 $662,500 $425,000 $410,000 $300,000 $802,500 $440,000 $395,000 $525,000

QU % CARTER HA NG

NEW PLYMOUTH BELL BLOCK BLAGDON BROOKLANDS EGMONT VILLAGE FERNDALE FITZROY FRANKLEIGH PARK GLEN AVON HIGHLANDS PARK HILLSBOROUGH HURDON HURWORTH INGLEWOOD LEPPERTON LYNMOUTH MANGOREI MARFELL MERRILANDS MOTUROA NEW PLYMOUTH CNTRL OAKURA OKATO OMATA ONAERO SPOTSWOOD STRANDON STRATFORD SURROUNDS TARURUTANGI TIKORANGI URENUI VOGELTOWN WAITARA WAIWHAKAIHO WELBOURN WESTOWN WHALERS GATE

LAT MEEST $ VDIAN ALU E

TARANAKI

SUB UR

TOT NU AL OF MBER (LASALES MOST 12 NTH S) BIG SINGEST (LA GLE S MOST 12 ALE NTH S)

12 % C-MON HA TH NG E

QU % CARTER HA NG

LAT MEEST $ VDIAN ALU E

B

E

OneRoof Property Report

SUB UR

MO NTH

S)

16

GISBORNE / HAWKEâ&#x20AC;&#x2122;S BAY GISBORNE AWAPUNI ELGIN GISBORNE HEXTON INNER KAITI KAITI LYTTON WEST MAKARAKA MANGAPAPA MATAWHERO MATOKITOKI OKITU ORMOND OUTER KAITI PATUTAHI RIVERDALE TAMARAU TE HAPARA WAINUI WHATAUPOKO

$380,000 $260,000 $330,000 $937,500 $395,000 $250,000 $630,000 $460,000 $335,000 $857,500 $805,000 $730,000 $745,000 $230,000 $602,500 $420,000 $280,000 $330,000 $837,500 $475,000

N/A 4% 6% N/A 3% 6% 3% N/A 6% N/A 24% N/A N/A 10% N/A N/A N/A 5% -0% 4%

21% 11% 22% 16% 14% 14% 18% 14% 16% 14% 13% 14% 13% 24% 28% 24% 17% 20% 12% 17%

6 35 41 5 35 60 26 13 97 1 1 18 9 53 4 30 15 113 27 85

$1,900,000 $385,000 $615,000 $1,300,000 $730,000 $665,000 $980,000 $676,000 $960,000 $425,000 $522,500 $1,090,000 $1,135,000 $1,125,000 $830,000 $1,100,000 $395,000 $600,000 $1,545,000 $840,000

HASTINGS AKINA BRIDGE PA CAMBERLEY CLIVE CROWNTHORPE ESKDALE FLAXMERE FRIMLEY HASTINGS HASTINGS COUNTRY HAUMOANA HAVELOCK NORTH KARAMU LONGLANDS MAHORA MARAEKAKAHO MAYFAIR PAKIPAKI PAKOWHAI

$415,000 $800,000 $295,000 $555,000 $757,500 $687,500 $275,000 $595,000 $380,000 $457,500 $475,000 $750,000 $975,000 $800,000 $485,000 $795,000 $415,000 $577,500 $855,000

-2% N/A 7% -4% N/A 1% 2% N/A 1% N/A -12% N/A 1% N/A 8% N/A 1% N/A N/A

6% 16% 11% 0% 0% 9% 12% N/A 6% 19% -2% N/A 8% 13% 15% 4% 11% -13% N/A

90 4 35 38 4 24 210 96 87 3 26 382 3 13 107 10 86 1 7

$761,500 $1,650,000 $742,000 $1,200,000 $955,000 $1,210,000 $442,000 $1,260,000 $780,000 $1,100,000 $1,673,000 $2,800,000 $1,350,000 $1,200,000 $935,000 $910,000 $685,000 $801,000 $1,050,000

102 17 94 65 3 8 23 7 12 4 8

$760,000 $2,135,000 $1,100,000 $685,000 $665,000 $1,350,000 $1,576,000 $1,300,000 $1,550,000 $882,750 $649,500

MASTERTON CARTERTON CASTLEPOINT MASTERTON MATAHIWI MATAIKONA OPAKI RIVERSDALE BEACH SOLWAY TE WHITI TINUI UPPER PLAIN

HAWKEâ&#x20AC;&#x2122;S BAY CNTRLHAWKES BAYCNTRY OTANE RANGITIKEI SURROUNDS TAKAPAU WAIPAWA

$360,000 $375,000 $465,000 $225,000 $340,000

1% N/A N/A N/A 3%

22% 32% 31% N/A 20%

183 24 11 19 69

$1,230,000 $1,740,000 $920,000 $697,000 $900,000

NAPIER AHURIRI AWATOTO BAY VIEW CNTRLHAWKESBAYCOASTAL GREENMEADOWS JERVOISTOWN MARAENUI MAREWA MEEANEE NAPIER HILL NAPIER SOUTH ONEKAWA PANDORA PIRIMAI PORAITI TAMATEA TARADALE TE AWA WESTSHORE

$675,000 $655,000 $675,000 $720,000 $565,000 $652,500 $305,000 $400,000 $805,000 $680,000 $465,000 $435,000 $525,000 $460,000 $820,000 $450,000 $575,000 $535,000 $690,000

1% -4% 2% -1% 2% N/A 11% 3% N/A 2% -4% 2% N/A 2% 1% -3% 0% 3% 1%

7% 3% 7% 7% 7% 6% 24% 10% N/A 10% 2% 12% N/A 11% 10% 6% 7% 27% 6%

35 37 43 97 137 14 55 141 8 62 127 139 6 85 55 107 302 33 19

$1,750,000 $840,000 $1,500,000 $3,150,000 $1,100,000 $1,500,000 $407,950 $850,000 $936,000 $1,563,000 $1,188,000 $615,000 $515,000 $636,000 $1,390,000 $690,000 $2,800,000 $747,000 $1,800,000

PORIRUA AOTEA ASCOT PARK CAMBORNE CANNONS CREEK ELSDON JUDGEFORD PAPAKOWHAI PAREMATA PAUATAHANUI PLIMMERTON PORIRUA EAST PUKERUA BAY TAKAPUWAHIA TITAHI BAY WAITANGIRUA WHITBY

$440,000 $160,000

N/A 23%

13% 52%

14 72

$850,000 $490,000

$660,000 $480,000 $440,000 $645,000 $535,000 $605,000 $882,500 $605,000 $595,000 $940,000 $605,000 $660,000 $425,000

N/A 7% 6% N/A 3% 3% N/A 4% 3% N/A 3% 2% N/A

23% 16% 17% 11% 8% 7% N/A 6% 4% 9% 6% 10% 21%

18 140 55 27 240 247 16 120 86 16 276 94 8

$1,390,000 $2,200,000 $850,000 $1,280,000 $1,202,001 $1,330,000 $1,525,000 $2,360,000 $1,350,000 $1,500,000 $2,100,000 $1,715,000 $625,000

$685,000 $585,000 $655,000 $675,000 $920,000 $850,000 $645,000 $625,000 $675,000 $625,000 $700,000 $790,000 $1,235,000 $845,000 $660,000 $670,000 $455,000 $545,000 $465,000 $645,000 $710,000 $840,000 $495,000 $460,000 $735,000 $435,000 $595,000 $670,000 $860,000 $790,000

-1% 4% 1% -2% N/A -2% 1% 0% N/A 5% 1% -3% N/A -3% -5% -2% N/A 2% 9% -2% -5% N/A 10% 8% 0% 10% 2% 1% -4% -3%

6% 15% 10% 6% 9% 8% 8% 8% 9% 14% 11% 5% 10% 10% 16% 10% 12% 6% 11% 9% 4% 11% 14% 8% 11% 12% 8% 9% 4% 9%

31 79 50 48 12 63 38 44 14 67 28 50 9 3 2 55 11 23 132 31 119 5 215 73 22 394 61 79 66 3

$932,200 $1,001,001 $1,375,000 $1,390,000 $2,050,000 $1,620,000 $1,250,000 $848,000 $1,260,000 $1,250,000 $1,720,000 $2,950,000 $2,850,000 $2,500,000 $741,000 $1,122,000 $730,000 $650,000 $1,000,000 $1,165,000 $1,055,000 $1,495,000 $782,000 $752,000 $1,380,000 $980,000 $925,000 $1,300,500 $1,664,000 $948,500

GREATER WELLINGTON KAPITI COAST OTAIHANGA OTAKI OTAKI BEACH PAEKAKARIKI PARAPARAUMU PARAPARAUMU BEACH PEKA PEKA RAUMATI BEACH RAUMATI SOUTH TE HORO WAIKANAE WAIKANAE BEACH WAIKAWA BEACH LOWER HUTT ALICETOWN AVALON BELMONT BOULCOTT DAYS BAY EASTBOURNE EPUNI FAIRFIELD HARBOUR VIEW KELSON KOROKORO LOWER HUTT LOWRY BAY MAHINA BAY MANOR PARK MAUNGARAKI MELLING MOERA NAENAE NORMANDALE PETONE POINT HOWARD STOKES VALLEY TAITA TIROHANGA WAINUIOMATA WAIWHETU WATERLOO WOBURN YORK BAY

2% N/A 4% 13% N/A N/A -0% 6% N/A N/A N/A

14% 8% 16% 11% 10% -3% 8% 21% 6% 10% 9%

230 6 450 N/A 6 11 22 123 4 2 13

$1,800,000 $570,000 $1,300,000 N/A $462,500 $1,397,000 $1,130,000 $775,000 $1,230,000 $250,000 $1,000,000

$865,000 $460,000 $722,500 $440,000 $465,000 $1,425,000 $700,000 $700,000 $1,755,000 $785,000 $470,000 $665,000 $450,000 $515,000 $405,000 $725,000

-5% 0% -8% 19% N/A N/A -3% -5% N/A -5% 12% -1% N/A -3% N/A -3%

8% 16% 3% 19% 8% 24% 4% 6% 29% 3% 19% 10% 8% 11% 17% 10%

81 30 36 54 8 2 36 47 6 37 40 22 10 123 19 232

$1,335,000 $665,000 $1,310,000 $545,000 $530,000 $1,700,000 $915,000 $1,540,000 $2,500,003 $1,500,000 $715,500 $910,000 $530,000 $1,110,000 $438,000 $2,150,000

SOUTH WAIRARAPA CAPE PALLISER FEATHERSTON GREYTOWN LAKE FERRY MARTINBOROUGH PIRINOA

$365,000 $370,000 $610,000 $325,000 $560,000 $320,000

N/A 3% 6% N/A 3% N/A

11% 10% 5% 16% 22% N/A

6 108 98 2 93 7

$400,000 $780,000 $1,800,000 $425,000 $2,100,000 $670,000

UPPER HUTT AKATARAWA BIRCHVILLE BLUE MOUNTAINS BROWN OWL CLOUSTON PARK EBDENTOWN ELDERSLEA HERETAUNGA KAITOKE KINGSLEY HEIGHTS MANGAROA MAORIBANK MAYMORN MOONSHINE VALLEY PINEHAVEN RIVERSTONE TERRACES SILVERSTREAM TE MARUA TIMBERLEA TOTARA PARK TRENTHAM UPPER HUTT WALLACEVILLE WHITEMANS VALLEY

$800,000 $485,000 $655,000 $597,500 $515,000 $515,000 $550,000 $645,000 $830,000 $675,000 $1,110,000 $490,000 $905,000 $875,000 $605,000 $767,500 $680,000 $535,000 $415,000 $520,000 $550,000 $545,000 $515,000 $1,030,000

N/A 2% N/A 2% 3% 3% 5% 5% N/A N/A N/A N/A N/A N/A 1% 2% 3% N/A 4% 2% 6% N/A 4% N/A

19% 15% 15% 14% 18% 11% 17% 22% 18% 15% 21% 15% 27% 16% 12% 15% 14% 15% 4% 16% 21% 18% 17% 21%

2 50 7 39 52 47 47 34 6 12 6 19 7 3 30 43 70 18 35 65 211 7 54 13

$1,185,000 $950,000 $1,425,000 $880,000 $760,000 $854,800 $720,000 $1,383,000 $1,196,000 $970,000 $1,500,000 $760,000 $1,957,000 $1,250,000 $1,200,000 $1,170,000 $967,500 $990,000 $1,270,000 $1,200,000 $920,000 $965,000 $800,000 $1,600,000

WELLINGTON ARO VALLEY BERHAMPORE BREAKER BAY BROADMEADOWS BROOKLYN CHURTON PARK CROFTON DOWNS GLENSIDE GRENADA NORTH GRENADA VILLAGE HATAITAI HIGHBURY HOUGHTON BAY ISLAND BAY JOHNSONVILLE KAIWHARAWHARA KARAKA BAYS KARORI KELBURN KHANDALLAH KILBIRNIE KINGSTON LYALL BAY MAUPUIA MELROSE MIRAMAR

$750,000 $760,000 $995,000 $682,500 $840,000 $840,000 $800,000 $495,000 $530,000 $735,000 $925,000 $907,500 $830,000 $885,000 $655,000 $1,205,000 $1,190,000 $825,000 $1,135,000 $1,000,000 $740,000 $755,000 $810,000 $755,000 $825,000 $800,000

-1% -1% N/A -2% 0% 2% 1% N/A N/A -1% -2% N/A N/A -2% 1% N/A N/A 1% -3% 1% 0% N/A 0% N/A N/A -1%

6% 10% 6% 7% 4% 6% 11% 10% 24% 6% 3% 2% 6% 2% 6% -0% 1% 5% 1% 5% 6% 7% 6% 9% 1% 5%

38 63 6 30 92 128 25 10 16 32 93 9 15 97 191 2 9 226 40 155 57 16 49 23 7 124

$1,855,000 $1,125,000 $1,334,200 $800,000 $1,920,000 $1,350,000 $1,600,000 $650,000 $845,000 $1,100,250 $2,000,000 $1,392,500 $920,000 $2,000,000 $1,330,000 $1,100,000 $1,505,000 $2,385,000 $2,775,000 $2,240,000 $1,512,000 $950,000 $1,357,500 $1,105,000 $940,000 $1,630,000

B

E $445,000 $530,000 $365,000 $725,000 $345,000 $690,000 $550,000 $375,000 $675,000 $357,500 $775,000

SUB UR

B SUB UR WAIROA MAHIA WAIROA

17

TOT NU AL OF MBER (LASALES MOST 12 NTH S) BIG SINGEST (LA GLE S MOST 12 ALE NTH S)

14% N/A 13% 10% 1% N/A 10% N/A 6% 11% N/A

12 % C-MON HA TH NG E

3% N/A 2% 0% N/A N/A N/A N/A N/A N/A N/A

QU % CARTER HA NG

12 % C-MON HA TH NG E

$445,000 $832,500 $430,000 $430,000 $650,000 $480,000 $620,000 $820,000 $860,000 $520,000 $375,000

LAT MEEST $ VDIAN ALU E

QU % CARTER HA NG

PARKVALE PUKETAPU RAUREKA SAINT LEONARDS SHERENDEN TANGOIO TE AWANGA TWYFORD WAIMARAMA WAIPATU WHAKATU

E LAT MEEST $ VDIAN ALU E

TOT NU AL OF MBER (LASALES MOST 12 NTH S) BIG SINGEST (LA GLE S MOST 12 ALE NTH S)

OneRoof Property Report

MARLBOROUGH ANAKIWA & SURROUNDS BLENHEIM CENTRAL BURLEIGH FAIRHALL GROVETOWN HAVELOCK ISLINGTON KENEPURU SOUND MAHAU SOUND MARLBOROUGH SOUNDS MAYFIELD OKIWI BAY PICTON PORT UNDERWOOD RAPAURA RARANGI REDWOODTOWN RENWICK RIVERLANDS RIVERSDALE SEDDON SPRING CREEK SPRINGLANDS TENNYSON INLET TUAMARINA WAIHOPAI VALLEY WAIKAWA WAIRAU VALLEY WARD WITHERLEA

$1,330,000 $1,460,000 $1,580,000 $1,110,000 $1,500,000 $950,000 $550,000 $2,720,000 $610,000 $720,000 $860,000 $1,075,000 $1,550,000 $566,000 $2,250,000 $1,200,000 $782,608 $2,500,000 $2,125,000 $670,000 $1,100,000 $1,050,000 $1,670,000 $675,000 $800,000 $665,000 $1,190,000 $1,040,000 $316,000 $1,380,000

NELSON ANNESBROOK ATAWHAI BEACHVILLE BISHOPDALE BRITANNIA HEIGHTS ENNER GLYNN GLENDUAN HIRA MAITAI MARYBANK MOANA MONACO NELSON CITY NELSON SOUTH STEPNEYVILLE STOKE TAHUNANUI THE BROOK THE WOOD TODDS VALLEY TOI TOI WAKAPUAKA WAKATU WASHINGTON VALLEY

$505,000 $660,000 $590,000 $580,000 $1,015,000 $630,000 $740,000 $682,500 $635,000 $685,000 $865,000 $535,000 $765,000 $495,000 $800,000 $550,000 $485,000 $515,000 $605,000 $680,000 $440,000 $780,000 $505,000 $475,000

0% 1% N/A N/A N/A -1% -3% N/A N/A N/A -2% N/A N/A 0% -2% 0% 1% -1% 2% N/A 0% N/A 0% -2%

4% 6% 9% 12% 7% 6% 10% -6% 9% 10% -1% -2% 8% 10% 3% 6% 4% 8% 10% 7% 13% -5% 5% 12%

23 51 9 15 20 38 4 5 16 18 14 16 19 107 20 359 87 34 71 5 70 5 35 36

$600,000 $1,565,000 $710,000 $750,000 $2,500,000 $1,038,000 $1,490,000 $1,100,000 $1,161,000 $1,190,000 $1,400,000 $909,000 $1,100,000 $1,500,000 $1,600,000 $1,257,000 $850,000 $1,050,000 $1,205,000 $805,000 $655,000 $1,350,000 $1,180,000 $719,000

TASMAN ANISEED VALLEY APPLEBY BRIGHTWATER COLLINGWOOD DOVEDALE HOPE KAHURANGINATIONALPARK KAITERITERI

$930,000 $997,500 $610,000 $467,500 $655,000 $845,000 $555,000 $970,000

-10% N/A 8% N/A N/A N/A N/A N/A

8% -14% 7% 5% -0% 22% 3% 13%

2 2 55 14 3 17 73 11

$935,000 $1,611,400 $1,800,000 $1,100,000 $715,000 $1,450,000 $1,560,000 $1,825,000

TOT NU AL OF MBER (LASALES MOST 12 NTH S) BIG SINGEST (LA GLE S MOST 12 ALE NTH S)

19 166 22 7 14 48 15 59 3 7 48 12 111 5 8 17 154 74 9 34 21 10 122 16 5 3 55 14 2 149

12 % C-MON HA TH NG E

9% 5% N/A N/A 1% 2% 10% 15% 15% 12% 6% 9% 7% 9% N/A -1% 8% 10% 12% 4% N/A 10% 2% 9% -5% N/A 8% 17% N/A 3%

E

N/A 3% N/A N/A N/A 6% N/A 8% N/A N/A 3% N/A 4% N/A N/A N/A 1% 2% N/A 1% N/A N/A -2% N/A N/A N/A 4% N/A N/A -1%

QU % CARTER HA NG

$615,000 $405,000 $685,000 $950,000 $502,500 $470,000 $400,000 $585,000 $755,000 $410,000 $370,000 $535,000 $400,000 $435,000 $902,500 $485,000 $405,000 $475,000 $850,000 $365,000 $330,000 $410,000 $515,000 $445,000 $567,500 $930,000 $575,000 $680,000 $300,000 $475,000

NELSON-TASMAN-MARLBOROUGH

LOWER MOUTERE MAHANA MAPUA MOTUEKA NGATIMOTI PARAPARA REDWOOD VALLEY RICHMOND RUBY BAY ST ARNAUD TAKAKA TAPAWERA TASMAN THORPE UPPER MOUTERE WAKEFIELD

LAT MEEST $ VDIAN ALU E

$1,030,000 $1,640,000 $2,640,000 $1,358,888 $1,530,000 $2,300,000 $1,880,000 $2,550,000 $995,000 $801,500 $945,000 $2,950,000 $2,540,000 $1,300,000 $1,305,000 $1,625,000 $2,300,000 $4,050,000 $990,000 $2,500,000 $2,550,000 $1,400,000

B

13 61 56 110 66 88 48 22 19 58 13 22 50 12 45 205 223 85 11 54 81 21

$760,000 $637,500 $930,000 $640,000 $785,000 $830,000 $850,000 $1,835,000 $720,000 $655,000 $740,000 $1,100,000 $1,275,000 $835,000 $760,000 $660,000 $565,000 $705,000 $750,000 $970,000 $335,000 $775,000

SUB UR

12 % C-MON HA TH NG E 6% 4% 8% 6% 6% 7% 5% -1% 7% 7% 3% 7% 2% 2% 7% 6% 23% 4% 3% 0% -3% 3%

E QU % CARTER HA NG N/A 5% -3% 2% -2% 1% -0% N/A 1% -1% N/A -2% -2% N/A 2% 3% 5% 0% N/A -1% -3% N/A

LAT MEEST $ VDIAN ALU E

B MORNINGTON MOUNT COOK MOUNT VICTORIA NEWLANDS NEWTOWN NGAIO NORTHLAND ORIENTAL BAY OWHIRO BAY PAPARANGI RONGOTAI ROSENEATH SEATOUN SOUTHGATE STRATHMORE PARK TAWA TE ARO THORNDON VOGELTOWN WADESTOWN WELLINGTON CENTRAL WILTON

TOT NU AL OF MBER (LASALES MOST 12 NTH S) BIG SINGEST (LA GLE S MOST 12 ALE NTH S)

OneRoof Property Report

SUB UR

MO NTH

S)

18

$710,000 $970,000 $760,000 $515,000 $715,000 $640,000 $1,050,000 $620,000 $975,000 $470,000 $490,000 $397,500 $1,175,000 $685,000 $1,035,000 $650,000

N/A N/A 3% 5% N/A N/A -11% 2% N/A N/A 3% N/A N/A N/A 8% 2%

6% 11% 11% 6% -1% 8% N/A 8% N/A -13% 5% N/A 14% N/A 10% 8%

11 2 49 261 4 7 22 392 11 10 38 14 8 4 26 75

$1,250,000 $1,075,000 $1,500,000 $1,700,000 $785,000 $778,000 $2,840,000 $2,000,000 $1,500,000 $675,000 $970,000 $820,000 $1,600,000 $962,000 $2,800,000 $1,705,000

BULLER CAPE FOULWIND CARTERS BEACH KARAMEA REEFTON WAIMANGAROA WESTPORT

$410,000 $300,000 $220,000 $155,000 $270,000 $210,000

11% N/A N/A 7% N/A 11%

10% 5% 29% 19% N/A 11%

2 7 6 52 6 127

$675,000 $435,000 $480,000 $358,000 $460,000 $890,000

GREY BARRYTOWN BLAKETOWN COAL CREEK COBDEN DOBSON DUNOLLIE GLADSTONE GREYMOUTH KAIATA KARORO MARSDEN MOANA / LAKE BRUNNER NGAHERE PAROA RUNANGA STILLWATER TAYLORVILLE

$380,000 $160,000 $300,000 $135,000 $135,000 $115,000 $290,000 $235,000 $222,500 $315,000 $480,000 $250,000 $160,000 $380,000 $115,000 $115,000 $115,000

N/A N/A N/A -4% N/A N/A N/A -2% N/A 0% N/A -5% N/A N/A -8% N/A N/A

-6% 7% 0% -4% 8% -15% 9% 4% 3% 7% N/A 28% 3% 10% -12% 5% 2%

8 15 2 39 8 14 3 88 4 24 13 N/A 8 20 30 6 5

$470,000 $315,000 $420,000 $232,000 $390,000 $169,000 $395,000 $439,000 $299,000 $800,000 $595,000 N/A $600,000 $530,000 $239,000 $420,000 $225,000

WESTLAND FOX GLACIER FRANZ JOSEF GLACIER HAAST HOKITIKA JACKSON BAY KANIERE KUMARA OKARITO WHATAROA

$372,500 $350,000 $235,000 $270,000 $245,000 $305,000 $175,000 $340,000 $130,000

N/A N/A N/A 4% N/A N/A N/A N/A N/A

6% 9% 15% 10% 20% N/A 17% 11% 18%

3 9 9 112 4 9 8 1 5

$330,000 $670,000 $600,000 $667,500 $490,000 $510,000 $232,000 $257,000 $560,000

ASHBURTON ALLENTON ASHBURTON ELGIN HAMPSTEAD METHVEN NETHERBY RAKAIA TINWALD

$370,000 $340,000 $705,000 $280,000 $392,500 $300,000 $340,000 $340,000

0% -1% N/A -2% -2% -2% 11% 1%

-1% 0% N/A 2% 2% 0% 11% 5%

213 102 11 88 59 65 45 98

$1,620,000 $1,400,000 $1,590,000 $680,000 $1,630,000 $795,000 $770,000 $1,100,000

CHRISTCHURCH ADDINGTON AIDANFIELD AKAROA ARANUI AVONDALE AVONHEAD AVONSIDE BECKENHAM BELFAST BEXLEY BIRDLINGS FLAT BISHOPDALE BROMLEY BROOMFIELD BRYNDWR BURNSIDE BURWOOD CASEBROOK CASHMERE CASS BAY CHARTERIS BAY CHRISTCHURCH CENTRAL

$355,000 $660,000 $575,000 $275,000 $365,000 $540,000 $350,000 $530,000 $415,000 $265,000 $167,500 $450,000 $335,000 $452,500 $465,000 $520,000 $410,000 $460,000 $650,000 $695,000 $540,000 $385,000

0% 0% -7% -5% 4% 0% 3% 1% -1% N/A N/A 1% N/A 2% -1% 1% 3% -5% -5% N/A N/A -3%

0% 4% -1% -7% 7% -1% 6% 0% 0% 4% -12% -1% 8% 1% -2% -2% 3% -3% -4% -4% 0% 1%

120 51 47 117 80 196 29 37 79 2 3 173 33 60 104 161 174 119 132 3 10 206

$860,000 $910,000 $1,715,000 $435,000 $510,000 $1,300,000 $530,000 $880,000 $910,000 $450,000 $325,000 $855,000 $539,000 $815,000 $1,535,000 $1,315,000 $780,000 $1,250,000 $1,550,000 $682,500 $1,400,000 $2,950,000

WEST COAST

CANTERBURY

19 2 12 38 30 6 107 95 19 427 39 53 76 74 53 172 162 47 141 28 9 13 207 15 66 155 83 118 17 77 174 107 50 110 35 137 234 80 58 182 140 121 3 4 50 333 77 109 87 167 54 25 12 181 90 5 58 138 13 51 82 16 50 13 75 50 134 247 37

$1,800,000 $465,000 $1,175,000 $581,000 $900,000 $875,000 $780,000 $6,825,000 $1,200,000 $3,400,000 $1,400,000 $1,145,000 $1,300,000 $1,200,000 $1,080,000 $1,437,500 $850,000 $1,580,000 $1,410,000 $780,000 $780,000 $1,900,000 $773,500 $1,150,000 $2,298,540 $865,000 $1,210,000 $4,000,000 $2,439,000 $2,400,000 $678,000 $605,000 $610,000 $2,650,000 $1,075,000 $1,200,000 $1,400,000 $484,000 $2,400,000 $775,000 $2,575,000 $1,200,000 $750,000 $700,000 $705,000 $1,880,000 $890,000 $1,020,000 $1,110,000 $840,000 $650,000 $755,000 $690,000 $695,000 $3,525,000 $1,360,000 $2,500,000 $1,250,000 $1,800,000 $1,870,000 $1,500,000 $1,080,000 $485,000 $1,200,000 $600,000 $1,382,500 $820,000 $640,000 $2,750,000

HURUNUI AMBERLEY BALCAIRN CHEVIOT HANMER SPRINGS HAWARDEN LEITHFIELD WAIPARA

$435,000 $655,000 $270,000 $485,000 $260,000 $375,000 $575,000

-1% N/A 23% -1% N/A -4% N/A

0% -3% N/A 4% N/A N/A N/A

88 5 20 62 12 44 10

$1,210,000 $1,020,000 $630,000 $1,290,000 $695,000 $875,000 $750,000

KAIKOURA KAIKOURA

$480,000

8%

9%

62

$710,000

MACKENZIE BUNNYTHORPE FAIRLIE LAKE TEKAPO LONGBURN OMARAMA OTEMATATA TWIZEL

$545,000 $380,000 $992,500 $380,000 $420,000 $345,000 $460,000

N/A 1% N/A N/A N/A N/A 0%

N/A 13% N/A 10% 15% 11% 10%

34 39 26 13 13 21 84

$980,000 $948,600 $1,748,000 $1,375,000 $1,600,000 $510,000 $920,000

$730,000 $540,000 $450,000 $485,000 $345,000 $390,000 $670,000 $285,000 $460,000 $635,000 $745,000 $555,000 $385,000 $640,000 $700,000 $837,500 $625,000

N/A -4% N/A N/A N/A N/A N/A N/A 1% -1% -4% 2% -1% N/A N/A -2% N/A

N/A 1% 1% -2% 19% 7% 3% 18% -1% 4% 2% 0% 1% N/A N/A -3% 11%

13 87 10 13 20 17 25 2 83 261 108 633 31 36 12 96 5

$1,350,000 $1,350,000 $965,000 $1,250,000 $475,000 $817,500 $1,250,000 $320,000 $1,275,000 $1,850,000 $1,750,000 $1,325,000 $840,000 $1,550,000 $1,610,000 $1,640,000 $640,000

TIMARU FAIRVIEW GERALDINE GLENITI GLENWOOD HADLOW HIGHFIELD KENSINGTON LEVELS MAORI HILL MARCHWIEL MESOPOTAMIA PARKSIDE PLEASANT POINT REDRUTH ROSEWILL SEAVIEW TEMUKA WAIMATAITAI WASHDYKE WATLINGTON WEST END

$695,000 $415,000 $500,000 $395,000 $1,070,000 $410,000 $305,000 $600,000 $400,000 $340,000 $440,000 $310,000 $365,000 $260,000 $795,000 $310,000 $315,000 $335,000 $360,000 $315,000 $335,000

N/A 0% 2% 5% N/A 3% 2% N/A 3% 1% N/A 2% 6% N/A 1% 3% -3% 2% N/A 3% 2%

9% 2% 4% 4% 3% 4% 9% 3% 5% 1% 2% 3% 3% 2% 9% 2% 3% 0% 10% 5% 5%

9 115 76 65 2 106 35 11 24 109 7 43 34 4 1 51 105 46 6 42 83

$1,100,000 $1,400,000 $1,380,000 $585,000 $1,458,000 $888,000 $640,000 $850,000 $615,000 $1,015,000 $645,000 $427,500 $680,000 $300,000 $1,100,000 $635,000 $760,000 $851,000 $750,000 $506,000 $643,000

WAIMAKARIRI ASHLEY BROOKLANDS CLARKVILLE CUST FERNSIDE KAIAPOI LOBURN OHOKA OKUKU OXFORD PEGASUS RANGIORA SEFTON SWANNANOA TUAHIWI WAIKUKU WAIKUKU BEACH WEST EYRETON WOODEND

$705,000 $525,000 $970,000 $725,000 $820,000 $440,000 $725,000 $950,000 $695,000 $475,000 $500,000 $455,000 $725,000 $820,000 $545,000 $710,000 $375,000 $680,000 $455,000

N/A N/A N/A N/A N/A -2% -6% 6% N/A 2% 0% 2% N/A 4% N/A N/A 0% N/A 1%

3% N/A 1% 5% 1% 0% 4% 1% -2% 8% 3% 5% 5% 4% 7% -1% -1% 1% 1%

8 5 8 16 16 287 30 39 4 65 107 559 19 44 11 7 19 24 116

$780,000 $2,252,500 $1,300,000 $1,300,000 $1,450,000 $1,000,000 $1,290,000 $1,750,000 $650,000 $984,722 $1,150,000 $1,800,000 $1,013,000 $1,200,000 $1,000,000 $741,000 $640,000 $920,000 $875,000

WAIMATE GLENAVY OTAIO WAIMATE

$225,000 $397,500 $270,000

N/A N/A 6%

5% -5% 15%

7 2 124

$285,000 $300,000 $680,000

WAITAKI DEBORAH ENFIELD & SURROUNDS FIVE FORKS & SURROUNDS HERBERT KAKANUI KUROW MAHENO OAMARU PALMERSTON WESTON

$505,000 $540,000 $485,000 $365,000 $355,000 $275,000 $277,500 $310,000 $235,000 $420,000

N/A -9% N/A N/A N/A N/A 4% 3% -2% N/A

6% 5% 21% 4% 4% 15% 9% 9% 12% 5%

3 4 4 6 22 16 1 384 36 33

$760,000 $975,000 $900,000 $570,000 $700,000 $700,000 $190,000 $1,000,000 $650,000 $1,150,000

GORE GORE GORE SURROUNDS MATAURA

$260,000 $220,000 $130,000

-4% 7% 8%

2% -2% 8%

198 80 52

$850,000 $1,245,000 $530,000

INVERCARGILL APPLEBY ASCOT AVENAL

$185,000 $415,000 $305,000

6% N/A 2%

16% 8% 13%

113 3 40

$336,000 $751,000 $695,000

B SUB UR

19

TOT NU AL OF MBER (LASALES MOST 12 NTH S) BIG SINGEST (LA GLE S MOST 12 ALE NTH S)

SELWYN BURNHAM DARFIELD DOYLESTON DUNSANDEL GLENTUNNEL HORORATA KIRWEE LAKE COLERIDGE LEESTON LINCOLN PREBBLETON ROLLESTON SOUTHBRIDGE SPRINGSTON TAI TAPU WEST MELTON WINDWHISTLE

E

12 % C-MON HA TH NG E

0% -15% -1% 3% 2% 5% 0% -1% 14% -1% 5% 2% 1% 1% 3% -2% -1% 8% 2% -3% 5% 0% 2% N/A -11% -1% 1% -2% 0% 3% 2% 1% -3% 0% 0% 0% 1% -3% 1% -1% 0% 3% -6% 13% -2% 0% 1% -3% -1% -3% 1% 2% 10% -1% -1% N/A 1% -1% 9% -2% 0% -2% 2% 5% 0% -0% 1% 8% -7%

TOT NU AL OF MBER (LASALES MOST 12 NTH S) BIG SINGEST (LA GLE S MOST 12 ALE NTH S)

12 % C-MON HA TH NG E

QU % CARTER HA NG N/A N/A N/A 3% -3% N/A -1% 0% 12% 1% 4% 0% 5% 0% -2% 0% 3% -2% -1% 3% N/A N/A -2% N/A -4% 0% -2% -4% N/A -1% 0% 1% 0% -1% -2% -1% 1% 0% -1% 0% -2% 1% N/A N/A -1% 1% -2% 1% 1% 0% 0% N/A N/A 1% 0% N/A -5% -1% N/A 2% 0% -2% 5% N/A 0% 0% 2% 1% 2%

QU % CARTER HA NG

$700,000 $465,000 $495,000 $385,000 $485,000 $435,000 $345,000 $985,000 $700,000 $525,000 $652,500 $485,000 $385,000 $445,000 $465,000 $410,000 $395,000 $685,000 $620,000 $380,000 $325,000 $1,100,000 $310,000 $392,500 $450,000 $410,000 $640,000 $800,000 $640,000 $680,000 $330,000 $360,000 $375,000 $662,500 $495,000 $460,000 $460,000 $285,000 $655,000 $435,000 $430,000 $360,000 $740,000 $545,000 $470,000 $500,000 $445,000 $390,000 $425,000 $460,000 $370,000 $435,000 $507,500 $415,000 $745,000 $845,000 $610,000 $365,000 $495,000 $440,000 $455,000 $630,000 $330,000 $460,000 $325,000 $710,000 $605,000 $340,000 $565,000

LAT MEEST $ VDIAN ALU E

CLIFTON CORSAIR BAY CRACROFT DALLINGTON DIAMOND HARBOUR DUVAUCHELLE EDGEWARE FENDALTON GOVERNORS BAY HALSWELL HAREWOOD HEATHCOTE VALLEY HEI HEI HILLMORTON HILLSBOROUGH HOON HAY HORNBY HUNTSBURY ILAM ISLINGTON KAINGA KENNEDYS BUSH LINWOOD LITTLE RIVER LYTTELTON MAIREHAU MARSHLAND MERIVALE MONCKS BAY MOUNT PLEASANT NEW BRIGHTON NORTH NEW BRIGHTON NORTHCOTE NORTHWOOD OPAWA PAPANUI PARKLANDS PHILLIPSTOWN REDCLIFFS REDWOOD RICCARTON RICHMOND RICHMOND HILL ROBINSONS BAY RUSSLEY SAINT ALBANS SAINT MARTINS SHIRLEY SOCKBURN SOMERFIELD SOUTH NEW BRIGHTON SOUTHSHORE SPENCERVILLE SPREYDON STROWAN STYX SUMNER SYDENHAM TAKAMATUA TEMPLETON UPPER RICCARTON WAIMAIRI BEACH WAINONI WAINUI WALTHAM WESTMORLAND WIGRAM WOOLSTON YALDHURST

LAT MEEST $ VDIAN ALU E

SUB UR

B

E

OneRoof Property Report

SOUTHLAND

-5% -4% N/A N/A -3% 1% 3% N/A N/A -7% -1% N/A 1% -3% 4% N/A 4% -8%

7% 8% 0% 4% 2% 2% 3% 6% 32% -2% 6% 3% 7% 5% 9% 11% 4% 6%

50 71 21 1 55 59 45 3 4 53 27 9 34 74 22 1 120 225

$2,608,600 $4,800,000 $4,350,000 $620,000 $6,300,000 $3,630,000 $2,000,000 $2,194,000 $1,551,000 $2,400,000 $7,910,000 $920,000 $1,395,000 $2,600,000 $1,175,000 $670,000 $5,450,000 $6,800,000

SOUTHLAND CATLINS SURROUNDS EDENDALE LUMSDEN LUMSDEN SURROUNDS MAKAREWA MANAPOURI OTAUTAU RIVERSDALE RIVERTON ROSLYN BUSH RYAL BUSH TE ANAU TUATAPERE WAIKAIA WALLACETOWN WINTON WINTON SURROUNDS WOODLANDS WYNDHAM

$362,500 $190,000 $190,000 $257,500 $515,000 $395,000 $195,000 $245,000 $380,000 $670,000 $500,000 $470,000 $145,000 $212,500 $270,000 $345,000 $530,000 $337,500 $185,000

N/A N/A N/A N/A N/A 13% 10% N/A 10% N/A N/A 2% N/A N/A N/A 11% 5% N/A N/A

-25% -5% 12% 45% 11% 17% 26% N/A 15% 16% 18% 13% 7% 15% 17% 23% 12% 17% 54%

9 13 18 2 17 23 22 19 70 3 8 91 19 8 18 86 30 4 12

$610,000 $630,000 $325,000 $680,000 $825,000 $900,000 $525,000 $895,000 $625,000 $485,000 $480,000 $860,000 $210,000 $300,000 $705,000 $1,100,000 $1,050,000 $475,000 $265,000

CLUTHA BALCLUTHA CLINTON & SURROUNDS KAITANGATA KAKA POINT LAWRENCE MILTON OWAKA TAIERI MOUTH TAPANUI WAIHOLA WAIPORI FALLS

$260,000 $130,000 $140,000 $315,000 $220,000 $255,000 $155,000 $307,500 $185,000 $422,500 $110,000

11% N/A 12% 15% N/A 11% N/A N/A -5% N/A N/A

18% N/A 8% 9% 5% 34% N/A 23% 9% 31% 29%

121 19 18 21 23 70 16 14 26 15 4

$715,000 $922,000 $350,000 $915,000 $420,000 $866,000 $360,000 $775,000 $655,000 $550,000 $195,000

DUNEDIN ABBOTSFORD ALLANTON ANDERSONS BAY BALACLAVA BELLEKNOWES BLACKHEAD

$440,000 $505,000 $495,000 $442,500 $552,500 $910,000

11% N/A 4% N/A 3% N/A

26% 20% 15% 16% 12% 20%

42 6 57 17 47 1

$750,000 $675,000 $795,000 $915,000 $1,110,000 $870,000

B SUB UR

OTAGO

TOT NU AL OF MBER (LASALES MOST 12 NTH S) BIG SINGEST (LA GLE S MOST 12 ALE NTH S)

$810,000 $1,070,000 $1,035,000 $2,477,500 $1,015,000 $830,000 $925,000 $1,905,000 $1,140,000 $1,270,000 $1,620,000 $555,000 $735,000 $995,000 $640,000 $287,500 $985,000 $1,035,000

12 % C-MON HA TH NG E

QUEENSTOWN ALBERT TOWN ARROWTOWN ARTHURS POINT CLOSEBURN DALEFIELD/WAKATIPUBASIN FERNHILL/SUNSHINE BAY FRANKTON GIBBSTON HAWEA FLAT JACKS POINT KELVIN HEIGHTS KINGSTON LAKE HAWEA LOWER SHOTOVER LUGGATE MAKARORA QUEENSTOWN WANAKA

E

$375,000 $325,000 $391,000 $920,000 $615,000 $517,000 $522,000 $460,000 $425,000 $520,000 $249,000 $520,000 $1,067,000 $865,000 $875,000 $510,000 $950,000 $630,000 $595,000 $870,000 $360,000 $445,000 $333,150 $870,000 $638,888 $675,000 $770,000

QU % CARTER HA NG

62 29 89 92 127 119 29 46 77 11 23 60 13 7 22 52 85 103 26 19 189 6 20 88 62 13 141

LAT MEEST $ VDIAN ALU E

11% 15% 25% 13% 17% 21% 16% 13% 21% 29% 15% 18% 16% 9% 8% 24% 9% 15% 20% 13% 18% 13% 26% 23% 9% 16% 19%

B

17% 3% 5% -1% 2% 4% 0% 0% 2% N/A N/A 5% N/A N/A -6% 4% 0% 7% 2% -3% 5% N/A N/A 6% -1% N/A 1%

SUB UR

12 % C-MON HA TH NG E

$205,000 $195,000 $225,000 $430,000 $270,000 $285,000 $335,000 $310,000 $230,000 $315,000 $195,000 $230,000 $477,500 $665,000 $660,000 $285,000 $407,500 $305,000 $250,000 $465,000 $225,000 $362,500 $240,000 $370,000 $350,000 $545,000 $375,000

E QU % CARTER HA NG

BLUFF CLIFTON GEORGETOWN GLADSTONE GLENGARRY GRASMERE HARGEST HAWTHORNDALE HEIDELBERG INVERCARGILL KEW KINGSWELL LORNEVILLE MILL ROAD MYROSSBUSH NEWFIELD OTATARA RICHMOND ROCKDALE ROSEDALE STRATHERN TISBURY TURNBULLTHOMSON PARK WAIKIWI WAVERLEY WEST PLAINS WINDSOR

S)

MO NTH

TOT NU AL OF MBER (LASALES MOST 12 NTH S) BIG SINGEST (LA GLE S MOST 12 ALE NTH S)

OneRoof Property Report

LAT MEEST $ VDIAN ALU E

20

BRADFORD BRIGHTON BROAD BAY BROCKVILLE BURNSIDE CALTON HILL CAREYS BAY CAVERSHAM CHAIN HILLS CLYDE HILL COMPANY BAY CONCORD CORSTORPHINE DALMORE DUNEDIN CENTRAL EAST TAIERI FAIRFIELD FORBURY GLENLEITH GLENROSS GREEN ISLAND HALFWAY BUSH HARWOOD HELENSBURGH HIGHCLIFF KAIKORAI KARITANE KENMURE KEW LIBERTON LOOKOUT POINT MACANDREW BAY MAIA MAORI HILL MARYHILL MORNINGTON MOSGIEL MOUNT CARGILL MUSSELBURGH NORMANBY NORTH DUNEDIN NORTH EAST VALLEY NORTH TAIERI OCEANGROVE OCEAN VIEW OPOHO OUTRAM PINE HILL PORT CHALMERS PORTOBELLO PURAKAUNUI INLET RAVENSBOURNE ROSENEATH ROSLYN SADDLE HILL SAINT CLAIR SAINT KILDA SAINT LEONARDS SAWYERS BAY SCROGGS HILL SHIEL HILL SOUTH DUNEDIN TAINUI THE COVE THE GLEN VAUXHALL WAIKOUAITI WAITATI WAKARI WALDRONVILLE WARRINGTON WAVERLEY WESTWOOD WOODHAUGH

$405,000 $465,000 $487,500 $355,000 $400,000 $330,000 $402,500 $325,000 $785,000 $340,000 $635,000 $420,000 $370,000 $375,000 $495,000 $685,000 $510,000 $345,000 $515,000 $487,500 $420,000 $415,000 $365,000 $480,000 $632,500 $410,000 $395,000 $450,000 $475,000 $340,000 $285,000 $535,000 $460,000 $700,000 $455,000 $425,000 $470,000 $742,500 $465,000 $400,000 $565,000 $385,000 $1,055,000 $400,000 $450,000 $495,000 $515,000 $465,000 $395,000 $487,500 $330,000 $370,000 $455,000 $620,000 $890,000 $565,000 $380,000 $490,000 $400,000 $785,000 $530,000 $300,000 $455,000 $695,000 $340,000 $650,000 $305,000 $430,000 $430,000 $485,000 $382,500 $550,000 $457,500 $385,000

11% N/A N/A 9% 9% 10% N/A 10% N/A N/A N/A N/A 16% N/A 6% N/A 0% 13% N/A N/A 9% 11% N/A N/A N/A 8% 18% 7% 7% N/A N/A -2% N/A 3% N/A 6% 3% N/A 6% N/A -1% 7% N/A N/A N/A N/A N/A N/A 7% N/A N/A 10% N/A 2% N/A 3% 9% N/A N/A N/A N/A 13% 7% N/A N/A N/A 3% N/A 10% 5% N/A -0% 7% N/A

21% 21% 17% 13% 11% 18% 24% 18% 12% 21% 15% 15% 21% 15% 19% 10% 9% 23% 14% 15% 22% 17% 26% 13% N/A 19% 34% 14% 19% 19% 8% 9% 20% 11% 17% 20% 15% 13% 19% 19% 19% 15% 8% 23% 18% 11% 20% 18% 25% 17% 32% 12% 11% 15% 20% 15% 21% 18% 14% 22% 10% 25% 20% 15% 15% 16% 9% 6% 19% 14% 18% 15% 10% 17%

28 21 7 29 N/A 44 7 58 5 15 8 23 29 9 92 10 51 41 12 9 83 50 2 19 7 45 23 43 26 10 6 25 5 57 26 63 390 7 34 14 37 86 10 10 11 19 21 10 26 9 3 29 5 37 N/A 80 139 11 15 1 24 107 34 6 11 12 49 9 43 22 11 56 2 6

$1,250,000 $840,000 $751,000 $650,000 N/A $720,000 $576,440 $550,000 $850,000 $465,000 $800,000 $517,500 $818,000 $465,000 $980,000 $1,426,000 $1,210,000 $610,000 $790,550 $614,000 $850,000 $820,000 $380,000 $1,625,000 $794,000 $727,000 $1,440,000 $785,000 $1,100,000 $555,000 $361,000 $1,210,000 $622,000 $1,205,000 $831,000 $796,500 $1,440,000 $880,000 $1,200,000 $550,000 $1,050,000 $710,000 $1,300,000 $705,000 $740,000 $825,000 $800,000 $650,500 $489,000 $660,000 $425,000 $600,000 $535,000 $1,000,000 N/A $1,426,000 $730,000 $915,000 $815,000 $850,000 $710,000 $621,500 $723,000 $780,000 $475,000 $900,000 $645,000 $891,500 $850,000 $830,000 $488,000 $1,105,000 $467,000 $585,000

OTAGO ALEXANDRA BANNOCKBURN CLYDE CROMWELL ETTRICK NASEBY QUEENSBERRY RANFURLY ROXBURGH WESTLAND SURROUNDS

$520,000 $695,000 $570,000 $630,000 $280,000 $280,000 $1,110,000 $225,000 $285,000 $895,000

3% N/A 7% 7% N/A N/A 6% 0% 2% N/A

12% 8% 11% 5% 37% 4% N/A 0% 4% N/A

210 8 50 228 4 16 3 35 28 6

$1,650,000 $1,825,000 $1,125,000 $2,510,000 $290,000 $450,000 $1,195,000 $380,000 $570,000 $711,000

OneRoof Property Report

21

COMMENT

I’m not buying into talk about house prices going through the roof again

Ashley Church

I

t’s a brave man or woman who claims to have enough insight into the New Zealand property market to make predictions on what’s going to happen in the year ahead.

Market conditions and circumstances can change quickly — and what appeared to be a reasonable assumption at one time can be turned on its head overnight. That said, I have some thoughts on the year ahead.

I see 2020 as being a repeat of 2019 — with continuing flat house prices in Auckland, continuing high immigration, continuing pressure on rents, and no change to the LVR settings which govern mortgage deposit rules.

But I do see one big change coming — a change of Government toward the end of 2020. This will lead to some significant changes to housing policy in 2021 and beyond. So here are my predictions:

My big bet is that National will be back in charge of housing policy at the end of next year.

1. Auckland’s median house price will stay flat What a difference a year makes!

At the beginning of 2019 many commentators were predicting a market crash. It didn’t happen. Now, following a

seasonal lift in prices in Auckland, some are predicting that the Auckland property market is about to take off again. That won’t happen either — at least, not yet. 2020 will be another year of flat house prices in Auckland. The median house price for the region will continue to see-saw , with a few exceptions.

2. The stats will confirm that regional housing markets have peaked and are now trending down Picking when a market peaks is notoriously difficult. We now know that the Auckland housing market peaked in 2016 — but this wasn’t actually confirmed until well into 2017.

On this basis, and despite a burst of activity as I write this, we can expect mid-year sales stats to show that most regions were at, or close to, their peak in 2019 and are now trending downward. This is consistent with previous cycles. .

3. The LVR settings will remain unchanged The loan-to-value ratio restrictions introduced in 2013, and which prevent banks from

IT’S ALL ABOUT CHARACTER AND LIFESTYLE...

extending mortgages to clients whose deposit is less than a mandated minimum, will remain substantially unchanged in 2020. Currently investors need a minimum deposit of at least 30 per cent of the purchase price of a property, while home buyers need 20 per cent. There has been considerable criticism of these rules, with calls to either scrap them or, at least,

EXPERIENCE AND FEES THAT COUNT Commission fees: 1.95% up to $500,000; 1% thereafter (GST)

rates to settle in the 3s and remain there throughout 2020.

5. High levels of immigration will continue to put pressure on housing Annual net immigration continues to ease, dropping to around 50,000 in 2018 from an historic high of 72,400 in the year to July 2017. But it is still extremely high by historic

7. National will be back in charge of housing by Christmas 2020 It’s becoming increasingly difficult to see any scenario under which the Coalition Government could secure a second term. All it would take to see a change of Government would be National achieving more than 47 per cent of the popular vote (and picking up the rest through support from ACT as well as getting its share of the reallocated ‘wasted vote’), a new centre-right party making it into parliament, or either of the Greens or New Zealand First not making it back. Only one of these needs to take place — and, frankly, at least two of the three are looking highly likely.

For these reasons, we’ll see a change of government this time next year – leading to another big shake up in the country’s housing policy (and everything else).

- Ashley Church is the former CEO of the Property Institute of New Zealand and is now a property commentator for OneRoof.co.nz.

Email him at ashley@nzemail.com

“It’s difficult to see anything driving interest rates back up in the medium term.” exempt first home buyers. But these calls have fallen on deaf ears and I see nothing to indicate that the Reserve Bank will make any changes to the overall percentages in 2020, although the ‘speed limits’ determining how many loans banks can advance outside of these rules may be relaxed.

4. The cost of renting will continue to rise As was the case in 2018 and 2019, the ongoing effects of the Government’s housing policies will continue to put pressure on rents. We’re in for another year of bigger than average increases, which will significantly exceed the average

And this property is soaked in both! The home,originally from the sixties,was moved on site in 1998 and maintained that typical atmosphere of those times.A woodburner, beautiful timber floors throughout and a lovely open plan living which opens up to an extensive deck.Walk over the lawn to the impressive covered outdoor entertaining area with a fixed BBQ and electricity,which definitely is one of the big features!

Inside the home are 3 bedrooms and bathroom.The 6 * 9 m garage connects via a carport and has a laundry,2 temporary bedrooms,a study and a bathroom.Opposite the home is a highstud shed for all those toys and tools…

The property which is of mixed contour,has 11 paddocks,small cattle yards and a sheep yard.The 2 bay barn and holding paddocks are ideal for horses.

Within commuting distance of Tauranga and Rotorua this property is well positioned for those who love the freedom land gives but are still attached to town.

80 Glue Pot Road, Oropi

increase of $12 per week in the decade between 2008 and 2017.

standards. This easing will continue in 2020 , putting further pressure on demand for both owner-occupied and rental housing.

6. Mortgage interest rates will stay low With inflation low, dark clouds gathering on the international economy, and the Coalition killing business confidence, it’s difficult to see anything driving interest rates back up in the medium term. Conversely, with the Official Cash Rate at historically low levels the Reserve Bank doesn’t have much more room to influence rates even further down, so expect fixed mortgage interest

CONTEMPORARY HOME WITH HARBOUR VIEWS

The wide front door sets the stage for the rest of this home.This sweeping entrance leads to the spacious open plan living area and separate lounge.A north facing deck has views over the Harbour towards the Mount.This upper level includes a master with ensuite,walk in wardrobe and a patio.Two double bedrooms,a modern bathroom, separate toilet and double garage complete the picture.Via internal stairs there is access to the lower level with a 4th bedroom,bathroom and third garage which is currently used as a rumpus.Truly a massive home,clad in Linea weatherboard and Titan board.Potential to develop the garden and put your own stamp on it.

37 Oteki Park Drive, Welcome Bay

8 Years of proven results...

IN YOUR NEIGHBOURHOOD PYES PA

ALL EYES ON PYES

Pyes Pa offers a relaxed lifestyle in a close community, with numerous ways to connect with others, on the water, amongst the native bush or at a café with a coffee, writes LOUISE RICHARDSON

P

yes Pa is Tauranga’s third most populous suburb.

Formerly a rural hideaway, today it is bustling with activity and continuing to grow.

Pyes Pa’s history was the site of the bloody Te Ranga battle, where the British defeated Maori, in 1864, during the New Zealand Land Wars.

The suburb is named after Captain Charles Pye, who’d won a Victoria Cross for bravery during the Indian Mutiny and, after moving to New Zealand, took part in the battles of Te Ranga and Gate Pa.

While some housing is close to 100 years old, a new wave of development in the Pyes Pa area began in the mid-1990s as Tauranga’s population began to grow significantly.

Plans were made to establish greenfield urban growth areas (UGA) with zoning to enable residential development. Pyes Pa East is a second generation UGA, while Pyes Pa West, home to large subdivision The Lakes, pictured above, is a third generation UGA. The Lakes has been developed around Lake Taurikura, a 10ha freshwater

environment. While Pyes Pa is close to Tauranga city, it’s also not far from Rotorua, around 40 minutes away via State Highway 36. Many Pyes Pa locals work in Rotorua, commuting daily.

$750K

Current median property value

1%

Quarterly change

4%

12-month change

6%

Two-year change

$4.8m

Biggest sale of last 12 months

lake where landings have been built at each end and a bridge stretched across it. The area is surrounded by native bushland with numerous walkways and

cycleways. New shops and other amenities have been constructed as part of the project, with careful planning in terms of embracing the natural

What’s to love?

Pyes Pa is a sporting and nature lover’s paradise, and TECT allterrain park in Upper Pyes Pa is the jewel in the crown, offering a venue for motor sports, horse riding, mountain biking, dog walking, shooting sports and Adrenalin Forest, a commercial high wire adventure course.

The Lakes are opportunities for kayaking, walking, cycling, running, sketching and photography.

As Pyes Pa has grown, more and more shops have moved in

YOU MAY LIKE PYES PA 33 Benmore Crescent 4 2 2 Sophisticated home has been architecturally designed with an array of features, including polished concrete flooring, bright, white walls, a large open kitchen with plenty of storage. Bedrooms are all generously sized. Owners seeking buyers north of $900,000.

Sale: Price by negotiation Contact: Brent Bastin, Tremains, 022 289 264733 Benmore Crescent, Pyes Pa to service local demand and there are many popular cafes, boutiques, and supermarkets.

There are also a number of ethnic restaurants including Japanese, Turkish and Indian springing up and the new Tauranga Crossing shopping mall, pictured on opposite page, has numerous attractions including department stores and an Event Cinema.

Maud’s, a cafe and bar at The Lakes shopping village is popular with residents, and the in the subdivision shops in Greerton are a quick drive away, as are the retail offerings at Bethlehem.

Pyes Pa has a strong community spirit, much of which is centred around schools, which include the new Taumata school. By the time the

school opened rolls had already exceeded expectations.

Buying and selling OneRoof data shows relatively good growth in Pyes Pa property values in the past year, with the median value up 4 per cent year to $750,000, although growth has eased somewhat in the last quarter, up just 1 per cent.

Much of the suburb sits within the upper end of the market, meaning it has largely failed to benefit from the surge in first-home buyer activity in the city.

Sarah Beaton, branch manager at Eves, The Lakes, says that the pool of buyers for properties in Pyes Pa, including those at The Lakes, is increasing and includes a broad

demographic. “For example, we’re seeing lots of retirees who plan to have family visiting them a lot so they’re looking at big homes with features like media rooms.”

She says young professionals are also moving in because access to Tauranga is so easy and they particularly appreciate the growing number of local eateries and other amenities.

Three reasons to choose

My results speak for themselves.

I love helping people achieve their real estate dreams.

I do what I say I will do.

Debbie Wilton

P 029 375 1208 / 07 571 7570 E debbie.wilton@eves.co.nz

Licensed under the REAA 2008

“Many of them have worked out that they can afford a place here if they can let it out on Airbnb, or something similar.”

Beaton says that while the property market in Auckland went through quiet times recently, business in Pyes Pa had remained brisk.

“We’re still seeing multiple offers and I don’t see any reason for that to change.”

One thing that has struck her is a growing trend for two generations to buy a property together.

“It means that they can look at large, quality homes with a view to finding something for the family and grandparents to live together, while enjoying their own spaces.”

Overall she says that she’s expecting a busy summer.

NRG Realty Ltd Licensed agent REAA 2008

DIRECTORS

SALES MANAGER

Neville & Gill Ruske

Paul Billinghurst 021 280 0091

07 578 8887

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Aprile Kellick 0274 907 925

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Ben Carter 027 497 2728

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COMMERCIAL

Glenis Pickelmann 021 364 837

Lesley Sinclair 027 278 9464

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Tauranga

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Mt Maunganuii

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Rentals - Waihi

Wishing you a safe and happy holiday from our family to yours Our team has grown! If you would like to join our real estate family, get in touch with Paul for a chat on 021 280 0091.