OneRoof Property Report - Rotorua March 2020 by NZME.

Monday, March 2, 2020

PROPERTY REPORT

W O H

Creative ways to get on the property ladder

House price index: Every New Zealand suburb

Page 6

Pages 13-21

M E

H T

Y E N s r e

n -5 w 3 eo in P m ga o h to e r st e h o w m s e b th r u ve b u ha s e

“Trust Takes Time – Established in 1888 Harcourts remains NZ’s most trusted Real Estate Brand”

Rotorua

ETB Realty Ltd Licensed Agent REAA 2008

P 07 348 6136 | harcourts.co.nz

DATA CRUNCH

The numbers look good but what are they really telling us?

Owen Vaughan Note from the editor

welve months ago the real estate industry was worried about capital gains tax and whether turmoil in Sydney and Melbourne would spread across Tasman and bring down New Zealand house prices. The market was split: Auckland was still stuck in doldrums, while lower-priced regional markets were enjoying double-digit value growth. Fast-forward to March 2020 and capital gains tax is a non-issue, having been taken off the table by after near-universal opposition, and very few remember talk of a market crash. And in reversal of fortunes, Auckland has sprung back to life while affordability constraints have started to slow growth in the regions. This year appears to be one in which Kiwis finally shrug off the cautious mindset that followed the election in 2017 - although the election in September could instill another bout of “wait and see”. The bounce-back in Auckland will give cheer to homeowners after three years of no growth. Anecdotal evidence from open homes and auction rooms show a real demand for properties from first home buyers and investors. Unlike previous price lifts this is being driven by limited stock. Yes, FOMO fever is back - but buyers are worried they’ll miss out, not because of sky-high prices or sky-high interest rates, but because options are limited. Our cover story is a call, of sorts, to homeowners who have been sitting on the sidelines: now is a good time to sell - some may even be sitting on a million dollars in gain. OneRoof and its data partner Valocity identified the suburbs with the least churn and biggest value growth since 2014 i.e. the places where homeowners are likely to sitting on the biggest amount of untapped equity.

Confidence is creeping back into the housing market, but it would pay to temper expectations of a return boom times

INSIDE

COVER STORY BINDI NORWELL MARKET UPDATE LATEST SUBURB VALUES ASHLEY CHURCH SUBURB FOCUS DESIGN COVER DATA

3-5 6 11-12 13-21 23 26-27 Jennifer Adams Phil Welch Valocity

he New Zealand housing market enters 2020 on the front foot, however, as per previous quarters, market growth is disparate, with certain markets performing significantly stronger than others. Overall, confidence, albeit subdued, is beginning to creep back into the market. For buyers, this appears to be mostly underpinned by two key trains of thought: • Nothing bad has happened yet – i.e. values didn’t fall of a cliff after the last election nor did the economy tank; and • Interest rates are still cheap, and there is no sign of this changing in the foreseeable future, even with the changes to trading bank capital adequacy ratios, which in reality may not amount to significant (if any) impact on retail mortgage rates given the implementation timeframe. There is an expectation that property values are increasing and will continue to do so, although the current mindset is perhaps best described as "less cautious than before" as opposed to "the boomtimes are back". There are signs that the pace of growth is beginning to stall in the regions as affordability constraints take effect, but in the last quarter only five territorial authorities suffered a drop in values – the Far North (-2.1 per cent), Ruapehu (-2 per cent), Westland (-1.8 per cent), Kaikoura (-1 per cent) and the Bay of Plenty (-0.7 per cent) – and just 16 saw no growth at all. In Auckland, where values have been in decline or flat for the last three years, the market is picking up, with six of the city's seven regions showing growth. However, I am not optimistic that we will see a return to rapid value growth early in 2020. Activity levels should remain buoyant as we transition from summer to autumn, while the rate of house price growth within New Zealand's smaller urban centres continue to soften. At a suburb level, there are some clear winners and losers in terms of value movements, driven for the most by strong competition among

As is often the case with big increases in equity, the biggest beneficiaries are refinancers. They can use the money they've built up in their home into a cash reserve, which can be an attractive option when borrowing rates are cheap like they are now. Those seeking to "cash out" and move to another home in the James Wilson Valocity same market still have to pay current market levels – paper money doesn’t make us all rich! first home buyers and investors as This is borne out by the research they seek the most affordable and the focus of the OneRoof housing stock available. Mortgage registration data reveals Property Report. A look at the unsold percentages of housing reveals that that first home buyers continue to be the most active buyer group. This is not all Kiwis within the main urban centres have been cashing in and further supported by recent Reserve selling their homes during the last 20 Bank of New Zealand (RBNZ) years. Even in markets such as figures that show an increase in low deposit lending. With mortgage rates Auckland unsold percentages averaged over 40 per cent, a remaining at historic low levels and reflection of the fact that, for many, no strong indications of any homes are purchased for long-term impending strengthening in the utility – such as, to raise their official cash family or live in – as rate, this opposed for shorttrend is term profit. This analysis perhaps also raises some questions Current median house Annual change about value for New Zealand legislation changes over the Total value of sales for Change in sale past two New Zealand in last 12 months value year on year to three years which been introduced Total number of sales Change in sale on the basis in last 12 months volume year on year that everyone is a speculator. It's too early to expected to know what impact September’s general election continue. will have on the housing market, but While the real drop in prices seen last year in some parts of the country what we do know is that elections are generally disruptive to housing may have led to a belief among market activity, so expect sales homeowners that they are going to volumes to slow further as we get take a hit if they bring their property closer to the poll date. to market, research by OneRoof and - James Wilson is director of insurance Valocity shows an eye-watering and valuation innovation at OneRoof's amount of equity growth during the data partner Valocity. last cycle for some locations.

$620,000

-19.8%

$50.1 billion

75,598 -22.2%

Prime Motel Business & Freehold For Sale - 265 Fenton Street, Glenholme An opportunity to own the well known family owned and operated Boulevard Motel situated on Rotorua’s premium Fenton St motel strip encompassing approximately 6596m2 of land on several titles. The Boulevard Motel is situated between Seddon St and Malfroy Rd enjoying a corner site. This family owned and operated business includes 32 fully furnished units, on site managers accomodation, 5 bedroom executive home on a separate title, licensed restaurant, thermally heated swimming pool, 4 geothermal mineral hot pools, games room and much more. This exclusive property has the unique beneﬁt of possessing an onsite geothermal production system, supplying eco-friendly heating to all dwellings located on the property.

KEY Real Estate PO Box 7187 Owhata Rotorua, 3074 b. 021 922533 www.keyrealestate.co.nz

Rotorua is a world known tourist destination and is home to many world events including the famous Crankworx Mountain Biking event, bringing a new level of energy to the already thriving tourist destination. Rotorua is one of New Zealand’s most premier tourist destinations and geothermal is one of Rotorua’s most unique attractions, together with Maori Cultural activities, trout ﬁshing and various other tourist activities. Take advantage of Rotorua’s booming tourism market with this unique geothermal property. Rarely does a site or opportunity such as this become available, act now to secure this amazing property. This is an opportunity not to be missed to purchase the complete package including the motel business, restaurant business and a house package. Calling all investors, developers, business owners or owner occupiers.

Christine Mullooly Agent m. 021 922533 christine@keyrealestate.co.nz Licensed under the Real Estate Agents Act 2008

COVER STORY

THE HUNT FOR

UNTAPPED EQUITY CATHERINE MASTERS identiﬁes the suburbs with least churn and biggest value growth — and asks what it means for homeowners there.

f you bought or owned a house through the 2014 to 2019 housing boom it’s likely you are sitting on a pile of money, at least on paper. A couple of suburbs have seen close to a million dollars of median value growth on their homes in the last five years while others have made anything from tens of thousands of dollars at the lower end to hundreds of thousands of dollars. OneRoof and its data partner Valocity identified the suburbs

with least churn and biggest value growth - the places where homeowners are likely to sitting on the biggest amount of untapped equity. We looked at all the homes that existed in New Zealand, at a suburb level, in 2014 and tracked their value growth to 2019. Nearly every suburb in the country has seen medium to big equity gains. Whether people should capitalise on the untapped equity they have made during the frenzied housing market

over the last five or so years is another matter. Some say you’d be crazy not to use gains as leverage to get an investment property, upgrade to a bigger home or buy that bach, but others are more cautious, pointing out if your value has risen, everyone else’s has shot up, too. Combined with what has been an all-time low nationwide shortage of listings over the past year, the problem is if you sell you might not be able to find what you’re looking for and get

Some say you’d be crazy not to use gains as leverage to get an investment property, upgrade to a bigger home or buy that bach.

stuck. And while in some areas the equity gains are truly impressive, the situation may not be clear-cut. For example, topping the list of biggest equity gain is Kumeu, in north-west Auckland, where the big lifestyle blocks that existed in 2014 have grown in value by $950,000 in five years to $2.02m. The fact that these blocks have seen huge growth while the suburb as a whole has dropped in value can be explained by the flood Continued on page 4

COVER STORY Continued from page 3 of subdivisions seen the last five years, where owners of big blocks carved up their properties for development. Those who have kept their big sections intact have, potentially the most to gain, if they sell now, although local agent points out this fast-developing area is actually struggling because of infrastructure issues. Second on the list of equity gain is at the other end of the country. In picturesque Kawarau Falls in Queenstown new apartments and other residential development near the new Hilton Hotel on Lake Wakatipu led to median value growth of $910,000, and in the residential suburb of Kelvin Heights, literally just down the road from Kawarau Falls, median growth values rose by $750,000. Back in the north, the wealthy beach town of Omaha, on Auckland’s outer northern coastal edge, (where former Prime Minister John Key had a holiday home) rose $725,000, and posh Herne Bay in the inner city was up $815,000. These are stand out areas but there is almost nowhere that did not see equity gains - that’s almost. A few suburbs, in Greymouth and around Christchurch, did not do so well, showing negative equity, but they are the exception, not the rule. James Wilson, Valocity’s director of valuation innovation, says for Auckland some of the largest value growth has taken place on the outskirts of the super city, in suburbs such as Kumeu, Puhoi, Coatesville and Whitford. “This is mostly fueled by a change in the nature and property use in these areas as they transition from lifestyle to urban property types.” The lowest median time between the first two sales is occurring in areas of intense newer builds, such as, Flat Bush, Hobsonville, Takanini and Silverdale, which is to be expected as new areas are established. Wilson says when the data was refined to focus only on established suburbs, the top five in Auckland with the most value growth and the least churn time between sales were all, perhaps not surprisingly, coastal, sought-after areas Kohimarama, Mission Bay, Herne Bay, Mairangi Bay and Omaha. “This reveals that on paper homeowners in these locations have some of the greatest dollar equity in their homes generated during the last property boom, with the suburbs earning a median value of $49,000 per annum during this time. “This makes sense given the high value nature of these locations, but when we narrow the scope of this analysis to areas with a median value of

under $700,000, the top five areas of largest value growth and highest number of years between sales are Papatoetoe, Papakura, Clover Park, Eden Terrace and Wellsford.” The lower value suburbs also have a shorter time between sales which Wilson says is because these areas are popular among first home buyers and investors who typically adopt shorter holding periods as they either upsize or sell on their investment. The equity gains some home owners have made can be an entryway into something better by helping them invest, upgrade or renovate, or put money into a business, but for others the gains might not have much impact as the country struggles with the exponential property price growth that has taken place over the past 20 years. Tauranga The biggest equity gains in Tauranga have been in Tauriko ($450,000) and Pyes Pa ($290,000) and these areas also have the shortest ownership. That’s because of the new subdivisons, says Simon Martin from Harcourts. “We’ve got a subdivision called The Lakes in that area so you have a lot of sections being sold and properties being built on them and being sold with a house on them.” Big growth areas otherwise are places that don’t have much land left to develop, such as the ever popular Mt Maunganui ($315,000). If you have equity, Martin’s advice is to talk to a mortgage broker about how to increase your wealth position.

Kumeu, Auckland

$950K in untapped equity

“It’s certainly something to consider, how that can be used. You can use it to put money towards another property, an investment property.” Rotorua Ann Crossley, from Rotorua First National, says if people bought a home five years ago in Rotorua they have reaped the rewards of values going up 70 to 100 per cent. Matipo Heights is the top suburb for equity gain, according to OneRoof’s figures, going from $475,000 five years ago to $815,000.

Kawarau Falls, Queenstown (

$910K in untapped equity

Lowest was Fordlands, Rotorua’s cheapest suburb, which still saw average equity gains of $95,000. “Five years ago you might have been able to buy something there still in the $100,000s whereas now you’re probably $300,000, $400,000,” says Crossley. While homeowners are all sitting on more equity the real issue for Rotorua is lack of housing, she says. But for those who are thinking about what to do with their equity, there are a number of options. “I’m a great supporter of using residential property as an investment vehicle, or a savings vehicle, or a retirement vehicle. “The interesting one is that because it’s so difficult for young people to get into homes a lot of parents are using that equity figure to help young people buy.” Omaha Omaha, with its median $725,000 equity gain in five years, has been described as Auckland’s The Hamptons - rich New Yorkers holiday at The Hamptons and rich Aucklanders own real estate at Omaha. Di Balich, of Precision Real Estate, calls the beach retreat of “pretty swanky baches” Auckland’s Tuscany because of the vineyards all around. Capital gains are merely a bonus around here so the super wealthy residents likely won’t care much about theirs as money is not the issue for these property owners. Balich says a recent buyer had two multi-million dollar houses on Taumata Road to choose from who spent an extra $700,000 for the one with a better view of the beach, paying $7.2m for the property. “Omaha’s like a little micro climate,” she says. While

further development options are limited, there is a lot of what she calls the “Omaha shuffle” where people buy entry level then upsize and upsize closer and closer to the beach. Hawke’s Bay Simon Tremain, from Tremains real estate firm, says if you have equity in untapped untapp unt apped app ed equity equity why wouldn’t you use it to buy another house or an investment property. The median price throughout regional New Zealand since the GFC of 2007/2008 didn’t change until late 2014 into 2015, he says, then anyone who owned a property and still owns it should have made anywhere from 60 to 80 per cent in equity. In Hawke’s Bay the median price went from $275,000 to $520,000, and in the beach community of Waimarama, for example, which OneRoof figures show had the most equity gain ($335,000), the median value was up from $460,000 in 2014 to $795,000 in 2019. “As more people have got money in their houses they go and buy beach houses, so they use it for lifestyle as well,” says Tremain.

Oriental Orie Or ient ie ntal nt al Bay, Bay ay,, Well We Wellington llin ll ingt in gton gt on

$725K

popularity, and prices with it, to the point that post GFC in 2007/2008 the region was “almost recession-proof”. While the homes are high value, Queenstown is an expensive place to live and Snow suspects most people have hefty mortgages. The turnover of properties is down significantly from the early 2000s when people tended to upgrade from suburb to suburb. Moving costs are high, from agency fees to lawyers’ fees, and Snow also thinks people are buying substantial homes as their first homes so tend not to move as much - “they’ve really got there in one step as opposed to the two-step interim home process.”

Risk of over-capitalising ANZ chief economist Sharon Zollner warns people contemplating capitalising on their untapped equity to maybe take a breath even though interest rates are at an all-time low because somewhere down the track there will be a recession (“there will be one, I just can’t tell you when”) and then some will panic because of the size of their mortgages. With the coronavirus causing unrest, the near future is uncertain, too. “You could imagine a scenario when mortgage rates and business banking rates are going up because global markets Queenstown are in a tizzy Kawarau and the Falls, with the Omaha, Auckland Reserve Bank second biggest can’t do median value growth at anything about in untapped equity it in terms of the $910,000, is a new official cash rates, suburb of million and that’s not a happy dollar apartments, says scenario. Adrian Snow from “That tightening of financial Professionals Queenstown, conditions in times of trouble, while Kelvin Heights down the we haven’t really had that road is a premium suburb popular with locals and one of before but it is a risk, because the few which gets water views we’ve never gone into a to scenic Queenstown Bay. downturn with the Official Cash Rate at one per cent.” Queenstown has surged in

$725K

“That tightening of financial conditions in times of trouble, we haven’t really had that before but it is a risk.”

Sitting on a goldmine The New Zealand suburbs with the most untapped equity 2014 median value ($)

2019 median value ($)

1,070,000 KUMEU

Auckland Rodney

2,020,000 950,000 1,105,000

KAWARAU FALLS Queenstown

2,015,000 910,000 1,635,000

HERNE BAY Auckland City

2,450,000 815,000 1,560,000

SAINT MARYS BAY Auckland City

2,315,000 755,000 837,500

KELVIN HEIGHTS Queenstown

1,587,500 750,000 910,000

OMAHA

Auckland Rodney

1,635,000 725,000 1,175,000

WAITOKI

Auckland Rodney

1,840,000 665,000 1,037,500

WAINUI

Auckland Rodney

1,702,500 665,000 1,045,000

MAHURANGI WEST Auckland Rodney

1,655,000 610,000 1,267,500

SHAMROCK PARK Auckland Manukau

Source: OneRoof and Valocity

1,855,000 587,500

Dollar ($) change

COMMENT

Hope for those who feel home-ownership is mission impossible Bindi Norwell

he possibility of getting a foothold on the housing ladder in the traditional sense - which involves saving a deposit and securing a loan, is becoming ever-more distant for many hopeful first-home buyers in New Zealand – especially in Auckland and other main urban centres. This doesn’t mean that all hope is lost. In fact, it might be well worthwhile considering some of the alternative - and often more creative - means of home ownership that are on offer. However, it’s crucial to involve a lawyer right from the start and check all aspects of a particular plan out very carefully. Shared equity or fractional ownership is a proposition based on having a third-party contributing around 10 or 15 percent towards the price you pay for your home, when you don’t have a full 20 percent deposit yourself. In return for their investment, they get DIY limitation clauses – just in case buyers get over-enthusiastic and want to tear down walls, for example.

First home buyers should consider alternative and more creative methods of getting a foot on the property ladder

Under BNZ’s YouOwn offering, which applies only to new-build homes in certain locations, a review after five years sees the purchasers permitted to buy out YouOwn's stake in the property. Capital gains are shared between the parties relative to ownership. However, it’s important to understand that you are taking a risk, because in a quiet market those gains may be minimal. Build-to-rent can make sense, but it’s another significant departure from the traditional norm. This approach, which requires a more substantial input from local property construction, development and investment sectors, and sees building complexes specifically earmarked as long-term rentals, rather than as units to be sold. It’s a model which has worked well overseas, especially in places where home ownership isn’t a major priority. The goal of home-ownership has always been part of Kiwi culture but it may ultimately become a thing of the past for many people here too – especially given the growth in

house prices compared to salary growth. In some ways, longterm rentals make sense because tenants enjoy many advantages that homeowners don’t, with landlords required to provide insulation, heating and other services. Rent-to-own schemes are currently being promoted by the government as another alternative option for struggling home buyers, often under the auspices of charitable trusts. These schemes work in

number of buyers are tapping into KiwiSaver and withdrawing funds to put towards the deposit on a first home. As part of the deal you must live there yourself for a certain period of time. You must be over 18 years old and have been contributing the required minimum amount to KiwiSaver for at least three years. Additional KiwiSaver grants may be available to those with income (before tax) of less $85,000 for an individual and

“The build-to-rent model has worked well overseas, especially in places where home ownership isn’t a major priority.” various ways – often by having some of the rent that’s being paid, put towards building equity. There will generally be a fixed timeframe, at the end of which the tenant is able to buy their home outright or move to a shared ownership approach. However, rent-to-own arrangements are based on the assumption that house prices will rise, so it’s important to consider potential outcomes if they don’t. Meanwhile, a significant

$130,000 per annum for two people or more, as long as you have 10 percent deposit. The Government is looking into updating the scheme to allow people to use their KiwiSaver for proportional share with others or for investment purposes which may see more people purchasing properties in affordable areas in order to get onto the property ladder. As with any investment decision, when considering any of these more innovative

Charity Starts At Home Please join us at our Monthly Charity Garage Sale 11 Tamaki Street, Ngongotaha Call or email Tim for dates - A wide variety of items - Absolutely something for everyone - Come and make us an offer - All proceeds go to local Rotorua charities - Items generously donated by the community Thank you very much for your support.

Help us to help others

If you have anything to donate, please give Tim a call on 07 348 6172 or 0274 974 986 tim.osullivan@raywhite.com

approaches to home ownership, our advice is that people undertake appropriate due diligence It is important that potential investors understand all of the current and future costs involved. Additionally, they should also seek to understand the level of risk they are taking on and ensure they are comfortable with that risk. Anyone considering some of these more lateral property moves should take legal advice and talk to their bank about what sort of finance would be available. I’d also recommend talking to a financial adviser for additional financial planning support. Lastly, if you’re thinking about going down the investment option, make sure you are aware of what your future obligations will be as a landlord – especially in relation to upcoming legislative changes such as the Healthy Homes Standards, as this may change your view substantially on the type of property you want to buy. - Bindi Norwell is chief executive of the Real Estate Institute of New Zealand

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*According to data on homes.co.nz

Kawaha Point Selwyn Heights

Hannahs Bay

Lake Rotorua

Western Heights

Pukehangi

Rotorua City

Ōwhata Ngāpuna

Matipo Heights

Hillcrest

Fenton Park

Lynmore

Springﬁeld Whakarewarewa Hemo Gorge

Rotorua Urban Airshed

MARKET WATCH BAY OF PLENTY

SOFTER MARKET ON THE CARDS Affordability is the key driving force of market activity in Rotorua but growth has slowed

nvestors and first-home buyers pushed the median value of all properties in the city up 8 per cent year on year to $470,000, but it’s worth noting that the pace of growth has slowed in the last quarter, a sign the market may be sluggish for the rest of year. The area continues to attract strong interest from investors who represented nearly 20 per cent of total new mortgage registrations last month – an

annual increase of more than 29 per cent. The comparative affordability of the region also appeals to first home buyers who accounted for 27.56 per cent of new mortgage registrations. The majority of sales continue to transact between $400,000 and $500,000. When we look into which active suburbs are currently experiencing strong value growth, it’s clear that the most

active buyer group, first home buyers, have been chasing affordable housing stock, with five suburbs experiencing more than 5 per cent value growth. However, the number of suburbs experiencing strong value growth is down significantly on last quarter, with no suburb seeing doubledigit growth. Investors making a comeback Meanwhile in neighbouring

The majority of sales continue to transact between $400,000 and $500,000.

Tauranga, the market was subdued over the holiday period. The city’s median property value sits at $675,000 but there was no growth in the last three months and just 3.1 per cent growth annually. Despite this, agents report an increase in activity in certain locations and among certain buyer groups. The share of new mortgage registrations to investors increased 4.5 per cent year on year to 17.23 per cent,

outstripping the growth in registrations to first home buyers. First home buyers, however, remain the dominant buying group, accounting for just over a quarter of mortgage registrations in the last quarter. At a suburb level, we see the impact of first home buyer demand for affordable housing stock, with the top five performers over the last quarter all boasting median values of less than $650,000.

Rotorua by the numbers

$549,761,531 1

Suburb with a median value of more than $1m

Suburbs with median values of less than $500,000

Biggest sales

Herald graphic

Total dollar value of sales (last 12 months)

27.6%

$1.9m 7 Benham Road, Okere Falls

First home buyers share of new mortgage registrations in the last 3 months

How much you can expect to payin... Medianvalue Rotorua Tauraunga Whakatane

Quarterly change

$470,000 $675,000 $490,000

1.1% 0% 0%

RICH-LISTERS

Rotorua’s most expensive suburbs 1 Tikitere $1,005,000 9% 2 Lake Tarawera $930,000 4% 3 Lake Okareka $875,000 3%

BARGAIN-HUNTERS

Rotorua’s most affordable suburbs 1 Fordlands 2 Mamaku 3 Ngapuna

$230,000 2% $270,000 -8% $310,000 0%

HEAT IS ON

Where property prices are rising

$1.5m

25 Willow Avenue, Hannahs Bay

$1.3m

374a Hamurana Road, Ngongotaha

1 Tikitere $1,005,000 2 Waikite Valley $710,000 3 Horohoro $685,000

9% 8% 6%

COOLING OFF

Where property prices are easing

* Sales figures for properties that have settled in last 3 months. Source: REINZ

1 Mamaku 2 Reporoa 3 Fairy Springs

$270,000 -8% $490,000 -4% $410,000 0%

-2.3% 1.1%

M A R K E T WAT C H N O R T H A N D S O U T H I S L A N D

WHANGAREI

5.0%

Power of first-home buyers

4.9%*

8.2%

$540,000

11.1%

NORTH ISLAND 1 Normanby SOUTH TARANAKI 2 Taihape & Surrounds RANGITIKEI 3

12 CH MON AN TH GE %

RAN K

BU RB

RAT AU ING THO RIT Y

Biggest ggest risers

interest rates are here to stay have been the main growth drivers, but adding fuel to the market are several factors specific to Auckland: increased buyer demand within certain locations and price brackets and a shortage of listings within the $800,000 to $1.1m bracket within city fringe locations. Investors are starting to return to the city’s southern fringe but overall activity continues to slide, with their share of new mortgage registrations down 4.5 per cent year on year to 14.25 per cent. That has benefited first home buyers, whose share of new

LAT VALEST M UE EDI AN

Auckland 15.2% After a three-year-long slump, Auckland’s property market 37.9% has rebounded, but the big question on everyone’s lips is how high will prices go? OneRoof-Valocity figures for the quarter showed growth in all of parts of the city bar one region – Rodney. The reversal of fortunes for the country’s biggest housing market was evident in the strong finish to 2019. While a decline in sales volumes during the summer break was evident, activity levels remained heightened. Enhanced confidence and expectations that the low

$255,000 $200,000

41.7% 37.9%

$170,000

36.0%

Wairoa

WAIROA

Mataura

GORE

$155,000

34.8%

Reefton

BULLER

$195,000

34.5%

Waverley

SOUTH TARANAKI

$170,000

30.0%

Te Awa

NAPIER

$635,000

29.6%

Ohakune

RUAPEHU

$355,000

29.1%

Whanganui Central WHANGANUI

$250,000

28.2%

Castlecliff

$230,000

27.8%

NORTH ISLAND 1 Kumeu 2 Kaukapakapa

$980,000

TAURANGA

3.1%

Hamilton Hamilton remains relatively buoyant, but it has not enjoyed the “surge” seen in neighbouring Auckland. The median value of all properties in the city grew 0.9 per cent in the last three months – 6.4 per cent annually – to $580,000. Sales volumes last year were supressed, a trend which looks set to continue well into 2020. However, NEW PLYMOUTH agents

HAMILTON

6.4% $580,000

ROTORUA

8.0% $470,000

NAPIER

9.4%

$450,000

WHANGANUI

NELSON

$525,000

17.3%

7.5%

$305,000

$570,000

PALMERSTON NORTH

12.7%

$445,000

$1,065,000 $1,035,000

-21.7% -8.0%

Long Bay

AUCK NTH SHORE

$1,420,000

-7.2%

Aongatete

BAY OF PLENTY

$850,000

-7.1%

Waterview

AUCKLAND CITY

$840,000

-6.7%

Huapai

AUCKLAND RODNEY

$912,500

-5.9%

Wanaka

QUEENSTOWN

$1,010,000

-5.6%

Saint Heliers

AUCKLAND CITY

$1,500,000

-5.4%

Glen Innes

AUCKLAND CITY

$942,500

-4.8%

Ponsonby

AUCKLAND CITY

$1,695,000

-4.8%

What the maps tell you

WELLINGTON

4.7% $785,000

CHRISTCHURCH

1.1% QUEENSTOWN LAKES

$445,000

0.5%

DUNEDIN

$980,000

14.8% $465,000

are reporting slight upticks among certain buyer groups investors and first home buyers.

INVERCARGILL * 12-month % change *Current median $ value

$675,000

5.9%

AUCKLAND RODNEY AUCKLAND RODNEY

-1%

12 CH MON AN TH GE %

RAT AU ING THO RIT Y

SU B

RAN

gges fallers a es Biggest

LAT VALEST M UE EDI A

WHANGANUI

AUCKLAND CITY

mortgage registrations has increased 6.9 per cent year on year to 27.8 per cent. Evidence of home owners capitalising on their equity growth remains evident in the fact that refinance registrations continue to grow, up 3.8 per cent on the same period last year to 30 per cent of total registrations.

19.2% $310,000

Wellington A year ago Wellington was enjoying strong house price growth; now the market is showing signs of flagging, with the city’s median value up just 4.7 per cent year on year, and 1.3 per cent in the last quarter, to $785,000. Don’t expect to see resurgence any time soon, with value growth expected to soften further. First home buyers

Auckland’s property market has rebounded, but the big question on everyone’s lips is how high will prices go?

The different colours on the two maps express the change in median values for each territorial authority in the last 12-months.

aren’t as active as they once were, with their share of new mortgage registrations up just 3.7 per cent year on year. In contrast investors’ share of overall registrations grew to 17.28 per cent.

Christchurch House values were on the rise in the latter half of 2019, but over the last quarter the market died down again, with the city seeing no value growth in the past three months and only a 1.1 per cent increase year on year. With the median property value sitting at $445,000, Christchurch remains one of the country’s most affordable cities. More than a quarter of sales in the city were between $400,000 and $500,000; and another 25 per cent of sales were between $300,000 and $400,000. The attractive price point is why first home buyers represented a third of new mortgage registrations in the past three months – a rise of 2.9 per cent

-6.3% 2.2% 5.5% 8.5% 11.9% 15.7% 29.2%

year on year. Dunedin Dunedin is still the best performing housing market among the major metros. Its median property value is $465,000, up 14.8 per cent year on year, and 2.2 per cent in the last quarter. Affordable prices are driving the majority of market activity. First home buyers accounted for 28.45 per cent of new mortgage registrations in the last quarter, but their share of the market has shrunk in the last two quarters, while the share of new mortgage registrations to investors rose 3.3 per cent to 16.41 per cent. This is perhaps a result of rapid house price growth, with first home buyers in the city now looking further afield to more affordable markets. You can see the strong appetite to secure a home at an affordable price at play in the 11 suburbs that saw more than 20 per cent growth year on year; all had median values of less than $550,000.

LATEST SUBURB VALUES

Is your suburb rising or falling?

GREATER WELLINGTON

NELSON, TASMAN, MARLBOR OUGH

WEST COAST

CANTERBURY

SOUTHLAND

OTAGO

UR SUB

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

$390,000 $380,000 $515,000 $535,000 $555,000 $225,000 $205,000 N/A $450,000 $195,000 $400,000 $250,000 $450,000 $295,000 $700,000 $785,000 $490,000 N/A $635,000 $452,500 $365,000 $310,000 $570,000 $515,000 $630,000 $350,000 $465,000 $295,000 $800,000 $620,000 $432,500 $860,000

-3% N/A 0% 0% 0% 5% -9% N/A -1% 0% 7% 2% 1% 0% 0% 0% N/A N/A 2% 3% N/A N/A -2% 2% -2% 9% N/A N/A 2% N/A -4% 1%

4% N/A 7% -1% 12% N/A N/A N/A N/A 11% 3% 11% 2% 5% 5% 4% N/A N/A 7% N/A -4% -5% N/A 1% N/A 9% N/A 2% 9% 11% -9% 6%

19 10 26 23 22 5 N/A N/A 18 43 5 133 33 18 175 24 17 N/A N/A 16 6 8 13 57 3 5 15 10 13 5 6 4

$1,150,000 $400,000 $915,000 $1,060,000 $730,000 $400,000 N/A N/A $920,000 $390,000 $630,000 $645,000 $865,000 $570,000 $6,250,000 $1,600,000 $1,305,000 N/A N/A $850,000 $450,000 $440,000 $787,500 $1,500,000 $830,000 $420,000 $750,000 $530,000 $3,950,000 $1,150,000 $710,000 $1,550,000

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

$325,000 $450,000 $645,000 $795,000 $802,500 N/A $440,000 $565,000 N/A $240,000 N/A N/A $580,000

2% 2% 8% 4% 0% N/A -2% N/A N/A -2% N/A N/A 3%

1% N/A 10% 9% 3% N/A 4% N/A N/A -6% N/A N/A N/A

117 36 44 74 93 N/A 34 20 N/A 13 N/A N/A 11

$740,000 $1,000,000 $870,000 $3,000,000 $2,585,000 N/A $1,080,000 $845,000 N/A $420,000 N/A N/A $880,000

WHANGAREI AVENUES GLENBERVIE HIKURANGI HORAHORA HUKERENUI&SURROUNDS KAMO

$410,000 $840,000 $390,000 $470,000 $615,000 $530,000

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

-2% -1% 15% 4% N/A 2%

34 11 33 27 10 243

$605,000 $1,551,500 $715,000 $738,000 $790,000 $1,165,000

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

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

GISBORNE, HAWKES BAY

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.

12 % C-MON HA TH NG E

MANAWATU, WH ANGANUI

QU % CARTER HA NG E

LAT MEEST $ VDIAN ALU E

TARANAKI

BAY OF PLENTY

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

12 % C-MON HA TH NG E

WAIKATO

QU % CARTER HA NG E

AUCKLAND

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

● 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

SUB

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

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

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.

$745,000 $450,000 $647,500 $820,000 $1,540,000 $620,000 $925,000 $717,500 $595,000 $855,000 $705,000 $425,000 $790,000 $710,000 $470,000 $675,000 $240,000 $350,000 $560,000 $770,000 $805,000 $430,000 $365,000 $495,000 $560,000 $615,000 $680,000 $805,000 $430,000 $845,000 $785,000 $595,000 $830,000 $735,000 $775,000 $480,000 $440,000

-12% 0% 1% 3% 1% -1% 1% -13% -2% 2% 0% 1% 1% 0% 0% 2% 0% -5% 4% 2% 3% 4% 0% 0% 1% 1% 1% -1% 2% 1% -3% 3% -2% -1% 2% 2% 0%

11% 1% -5% 12% 5% N/A -10% 10% 8% 8% 3% 4% 6% 1% 1% N/A 12% 4% 24% 4% 14% N/A 11% 6% 22% -2% 9% 16% 0% -21% 1% 10% -3% 3% 30% 7% 0%

17 124 3 4 13 30 10 2 16 23 79 42 31 75 139 8 17 4 26 24 8 5 118 35 16 65 21 18 124 17 70 4 1 18 15 42 49

$880,000 $1,650,000 $850,000 $1,035,000 $2,275,000 $870,000 $1,200,000 $918,000 $895,000 $1,700,000 $1,600,000 $633,000 $1,075,000 $2,350,000 $1,050,000 $910,000 $318,000 $519,000 $865,000 $1,355,000 $830,000 $690,000 $562,000 $1,200,000 $1,200,000 $1,200,000 $1,150,000 $1,950,000 $890,000 $2,555,000 $2,500,000 $600,000 $775,000 $1,750,000 $1,300,000 $835,000 $639,088

$460,000 $820,000 $925,000 $625,000 $975,000 $1,700,000 $1,145,000 $942,500 $1,537,500 $485,000 $1,370,000 $1,445,000 $2,445,000 $1,060,000

0% 2% 0% 1% 3% 4% 0% 0% 1% 1% 1% 4% 3% 1%

0% 1% -3% 2% -3% -4% -0% -5% -4% 8% 5% 0% 1% -1%

701 233 119 77 149 183 89 58 90 101 87 179 40 67

$3,386,425 $1,500,000 $1,780,000 $2,580,000 $2,680,000 $5,850,000 $5,200,000 $1,505,000 $9,000,000 $2,305,000 $6,100,000 $3,525,000 $6,000,000 $2,500,000

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

5% 3% -5% -1% -11% -8% -3% 4% -7% 0% -1% 2% 2% N/A -9% 5% N/A -5% 2%

9 11 20 48 25 18 14 15 8 5 36 13 587 5 3 14 N/A 11 217

$1,422,000 $1,190,000 $1,905,000 $2,000,000 $2,400,000 $1,220,000 $2,350,000 $969,000 $1,600,000 $1,390,000 $1,700,000 $1,025,000 $5,100,000 $2,100,000 $1,200,000 $2,685,000 N/A $1,450,000 $1,250,000

SUB AUCKLAND — MANUKAU ALFRISTON BEACHLANDS BROOKBY 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 NORTHPARK ORERE POINT

$1,615,000 $1,150,000 N/A $1,185,000 $540,000 $1,350,000 $645,000 $1,197,500 $1,360,000 $970,000 $1,255,000 $1,420,000 $1,245,000 $675,000 $1,090,000 $1,070,000 $845,000 $1,135,000 $890,000 $950,000 $1,060,000 $845,000 $675,000 $935,000 $640,000 $505,000 $630,000 $1,475,000 $1,185,000 $492,500

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

N/A 0% N/A -2% -2% -11% 1% -1% -6% 1% 2% -5% -3% 0% 1% -2% 0% 0% -1% -1% 1% 9% -1% 2% -1% 3% 1% -4% 0% 13%

5 150 N/A 108 109 14 65 111 28 89 56 25 34 45 522 39 43 79 45 195 6 8 142 116 159 42 764 44 49 7

$1,950,000 $2,500,000 N/A $3,000,000 $900,000 $1,725,000 $1,050,000 $3,250,000 $2,700,000 $1,388,000 $2,930,000 $3,000,000 $3,900,000 $1,290,000 $1,980,000 $1,365,000 $1,350,000 $2,220,000 $1,850,000 $2,200,000 $1,151,000 $1,170,000 $1,595,000 $1,810,000 $1,550,000 $1,631,000 $1,320,000 $3,860,000 $1,493,000 $510,000

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

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

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

$1,200,000 $580,000 $1,055,000 $770,000 $880,000 $1,035,000 $1,230,000 $730,000 $1,060,000 $655,000 $880,000 $775,000 $665,000 $1,200,000 $1,005,000 $1,305,000 N/A $1,320,000 $635,000

12 % C-MON HA TH NG E

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

QU % CARTER HA NG E

$2,275,500 $7,600,000 $1,845,000 $2,325,000 $4,608,000 $2,510,000 $2,875,000 $9,500,000 $1,700,000 $1,655,000 $1,515,000 $1,760,000 $985,000 $1,950,000 $2,050,000 $3,850,000 $3,900,000 $5,150,000 $1,549,000 $1,530,000 $3,185,000 $2,300,000 $6,100,000 $1,490,000 $3,750,000 $1,200,000 $5,201,000 $10,500,000 $2,200,000 $10,500,000 $2,330,000 $3,515,000 $2,625,000 $1,780,500 $2,500,000 $1,869,000 $1,400,000 $1,452,174 $1,720,000 $4,750,000

$570,000 $910,000 $910,000 $700,000 $1,785,000 $1,217,500 $1,185,000 $995,000 $815,000 $1,545,000 $835,000 $2,280,000 $550,000 $980,000

0% 1% 1% 0% -2% 4% 1% 0% 0% 2% 2% -9% 1% 3%

1% 0% -3% -1% -7% -1% -3% -3% -2% N/A 0% -23% 2% -2%

73 95 141 518 11 31 69 37 42 4 115 20 7 64

$894,000 $1,600,000 $1,250,000 $1,340,000 $2,170,000 $1,524,000 $4,650,000 $1,406,000 $1,190,000 $1,650,000 $1,300,000 $5,000,000 $695,000 $1,262,000

AUCKLAND — NORTH SHORE ALBANY $980,000 ALBANY HEIGHTS $1,030,000 BAYSWATER $1,175,000 BAYVIEW $800,000 BEACH HAVEN $825,000 BELMONT $1,075,000 BIRKDALE $790,000 BIRKENHEAD $960,000 BROWNS BAY $1,015,000 CAMPBELLS BAY $1,705,000 CASTOR BAY $1,465,000 CHATSWOOD $1,185,000 DEVONPORT $1,560,000 FAIRVIEW HEIGHTS $1,335,000 FORREST HILL $1,180,000 GLENFIELD $845,000 GREENHITHE $1,295,000 HAURAKI $1,350,000 HILLCREST $1,020,000 LONG BAY $1,420,000 LUCAS HEIGHTS $1,350,000 MAIRANGI BAY $1,445,000 MILFORD $1,220,000 MURRAYS BAY $1,340,000 NARROW NECK $1,420,000 NORTHCOTE $1,020,000 NORTHCOTE POINT $1,275,000 NORTHCROSS $960,000 OKURA $1,145,000 OTEHA $910,000 PAREMOREMO $1,120,000 PINEHILL $1,380,000 ROSEDALE $900,000 ROTHESAY BAY $1,250,000 SCHNAPPER ROCK $1,360,000 STANLEY POINT $1,672,500 SUNNYNOOK $985,000 TAKAPUNA $1,285,000 TORBAY $980,000 TOTARA VALE $865,000 UNSWORTH HEIGHTS $945,000 WAIAKE $1,180,000 WAIRAU VALLEY $770,000 WINDSOR PARK $1,100,000

1% 1% 1% 1% 1% 1% 0% 1% 2% -0% 2% 0% 0% -0% 4% 1% -0% 1% 1% 0% -6% 1% 2% -1% 1% 1% -1% 0% -2% 0% -5% 0% -1% -0% 0% 0% 3% 2% 1% 0% 0% 2% 1% -0%

-2% -1% 1% -1% 1% -1% -1% 1% -4% -7% -3% -3% -1% -3% -1% -1% -2% 2% 0% -7% -20% -2% 3% -1% 1% -2% 0% -4% -5% -5% -22% -0% -1% -0% -5% -3% -3% -2% -3% -1% -1% 1% -0% -3%

146 44 25 115 157 50 124 128 148 28 55 35 80 27 103 229 113 73 120 45 6 76 131 46 36 89 34 27 3 61 7 41 11 50 47 24 63 149 201 71 55 23 2 22

$1,705,000 $3,300,000 $2,775,000 $1,300,000 $1,730,000 $3,825,000 $1,215,000 $2,900,000 $4,050,000 $4,100,000 $3,200,000 $1,620,000 $5,500,000 $1,720,000 $2,000,000 $3,020,000 $3,070,000 $5,800,000 $1,800,000 $2,100,000 $3,373,400 $4,232,000 $3,700,000 $3,500,000 $3,660,000 $2,825,000 $2,750,000 $1,540,000 $1,212,000 $1,738,000 $2,000,000 $2,180,000 $1,110,000 $3,650,000 $3,050,000 $2,600,000 $1,568,000 $5,340,000 $2,410,000 $1,315,000 $2,105,000 $4,125,000 $728,000 $1,635,000

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

$810,000 $785,000 $1,197,500 $740,000 $757,500 $610,000 $580,000 $615,000 $735,000

1% 6% 1% 1% 1% 0% 1% 3% 1%

0% 5% 1% 1% -1% 1% 0% 0% 1%

98 15 99 73 64 613 28 72 293

$1,350,000 $1,785,000 $3,200,000 $2,117,000 $1,070,000 $1,885,000 $820,000 $1,176,000 $2,200,000

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 MATAKATIA MURIWAI OMAHA

$910,000 $865,000 $845,000 $2,580,000 $1,795,000 $795,000 $785,000 $795,000 $912,500 $1,090,000 $1,035,000 $1,065,000 $832,500 $1,487,500 $935,000 $810,000 $1,250,000 $1,110,000 $1,065,000 $1,625,000

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

1% -3% -4% -3% N/A -2% 3% 1% -6% -0% -8% -22% -3% -5% 3% -2% 15% -3% 1% 14%

15 17 32 14 18 136 20 71 56 12 31 93 14 1 7 68 20 12 23 50

$2,130,000 $1,550,000 $1,850,000 $5,050,000 $3,160,000 $2,000,000 $1,725,000 $3,200,000 $1,350,000 $1,100,000 $1,550,000 $2,575,000 $12,000,000 $1,465,788 $970,000 $1,850,000 $2,330,000 $2,000,000 $1,750,000 $7,225,000

OTARA PAKURANGA PAKURANGA HEIGHTS PAPATOETOE SHAMROCK PARK SOMERVILLE SUNNYHILLS THE GARDENS TOTARA HEIGHTS TOTARA PARK WATTLE DOWNS WHITFORD WIRI BOTANY DOWNS

LAT MEEST $ VDIAN ALU E

32 67 53 75 73 56 197 289 261 286 69 26 12 59 230 69 18 49 49 101 6 65 109 4 134 25 74 345 61 193 53 20 118 92 39 31 8 10 40 59

UR B

3% -2% 0% -1% 1% 4% 0% -4% -1% 1% -2% 6% -1% 0% 1% -1% -1% -2% -2% -1% -2% -1% 5% -5% -0% 1% -5% 0% 0% -5% -4% 2% -1% -3% -1% -2% 3% 0% -7% -1%

SUB

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

12 % C-MON HA TH NG E

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

QU % CARTER HA NG E 4% -1% 2% 3% 1% 1% 3% 3% 1% 0% 1% 5% 3% 1% 2% 1% 1% 2% 2% -1% 1% -1% 2% -2% 3% 3% 6% 3% 2% 0% 1% 2% 3% -1% 1% 1% 1% 4% -2% 8%

LAT MEEST $ VDIAN ALU E $1,250,000 $1,520,000 $960,000 $1,330,000 $1,495,000 $1,145,000 $1,080,000 $1,430,000 $925,000 $790,000 $940,000 $695,000 $760,000 $1,040,000 $905,000 $1,155,000 $970,000 $1,560,000 $825,000 $630,000 $1,220,000 $800,000 $1,345,000 $910,000 $1,445,000 $940,000 $1,695,000 $1,735,000 $1,125,000 $1,500,000 $1,145,000 $2,250,000 $1,130,000 $1,335,000 $895,000 $985,000 $990,000 $1,295,000 $840,000 $1,755,000

UR B 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

-1% N/A -3% 4% N/A 1% -1% -13% -4% N/A -4% 2% 6% -3% 2% -25% 13% 8% -1% -1% -4% N/A 0% -13% -2% 2% 5% -2% 31%

204 N/A 25 12 2 14 117 N/A 43 N/A 160 85 5 197 23 11 8 5 1 10 2 36 13 11 1 99 59 3 6

$2,200,000 N/A $1,300,000 $2,000,000 $650,000 $2,600,000 $2,175,000 N/A $3,200,000 N/A $1,765,000 $1,920,000 $1,205,000 $2,280,000 $1,100,000 $4,250,000 $3,800,000 $1,220,000 $525,000 $2,888,000 $2,350,000 $3,429,041 $3,780,000 $2,580,800 $850,000 $3,200,000 $1,200,000 $810,000 $3,500,000

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

$750,000 $900,000 $735,000 $755,000 $875,000 $770,000 $855,000 $1,077,500 $915,000 $720,000 $610,000 $740,000 $820,000 $740,000 $745,000 $865,000 $825,000 $900,000 $680,000 $720,000 $845,000 $925,000 $800,000 $885,000 $820,000 $950,000 $980,000 $850,000 $990,000

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

N/A -2% 1% 2% -3% -1% -3% -0% N/A 0% -16% -1% 1% 1% -1% N/A -1% -13% -1% 0% -1% -3% -2% -2% -4% -13% -1% -2% N/A

1 2 283 80 53 450 14 9 508 4 N/A 52 34 383 240 7 6 24 170 82 96 191 212 235 13 27 134 35 82

$810,000 $935,000 $1,220,000 $1,230,000 $1,420,000 $2,504,347 $1,550,000 $1,790,000 $2,200,000 $770,000 N/A $1,450,000 $1,220,000 $1,320,000 $1,458,888 $975,000 $839,000 $1,170,000 $1,262,000 $1,095,000 $1,975,000 $2,485,000 $1,325,800 $2,260,000 $1,195,000 $1,520,000 $1,950,000 $1,400,000 $1,695,000

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 WHANGAMATA WHANGAPOUA WHENUAKITE WHITIANGA

$750,000 $635,000 $565,000 $1,005,000 $707,500 $950,000 $720,000 $610,000 $795,000 $625,000 $555,000 $705,000 $1,175,000 $565,000 $785,000 $570,000 $680,000 $595,000 $775,000 $607,500 $575,000 $485,000 $700,000 $565,000 $530,000 $755,000 $890,000 $720,000 $665,000

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

8% 17% N/A 7% 17% 8% 15% -1% 18% 8% 4% 4% 5% 1% 8% 2% 1% 14% 5% 8% 6% -2% 7% 14% 5% 9% N/A N/A 7%

31 1 53 14 8 2 6 2 6 44 N/A 11 6 3 105 3 52 4 3 3 7 146 10 4 11 215 11 3 231

$3,000,000 $619,000 $1,705,000 $1,975,000 $930,000 $2,000,000 $1,339,000 $500,000 $950,000 $1,650,000 N/A $5,500,000 $1,450,000 $520,000 $3,637,500 $785,000 $1,775,000 $1,775,000 $920,000 $725,000 $810,000 $1,575,000 $1,100,000 $545,000 $742,000 $4,200,000 $2,900,000 $3,270,000 $2,060,000

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

0% 3% 3% -2% -1% 1% 1% -1% 1% 1% 1% 1% -1% 2% 2% 1% 1% 6% 1% -1% 1% 2% 1% 0% 1% -1% 0% 0% 0% 5% 2% 1% 2% -0% 1% 1% 1% 2% 1% -1% 2% 1%

8% N/A 7% 12% 6% 6% 6% 8% 6% 9% 7% 8% 6% 6% 7% 9% 5% -3% 5% 8% 5% 7% 4% 5% 3% 5% 7% 7% -4% -7% 8% 3% 4% 11% 5% 6% 6% 4% 8% 9% 4% 12%

45 13 48 3 212 23 56 28 194 68 134 64 47 264 56 172 119 11 50 66 272 47 16 131 145 50 122 221 10 11 91 41 17 8 85 104 3 117 31 17 22 39

$605,000 $815,000 $1,453,000 $880,000 $1,405,000 $838,000 $990,000 $612,000 $855,000 $825,000 $1,560,000 $680,000 $870,000 $1,972,000 $815,000 $2,260,000 $850,000 $1,550,000 $972,500 $1,140,000 $1,500,000 $1,450,000 $1,700,000 $1,210,000 $1,250,000 $770,000 $1,600,000 $860,000 $2,425,000 $1,280,000 $1,350,000 $1,020,000 $950,000 $1,860,000 $1,375,000 $1,110,000 $735,000 $1,820,000 $859,000 $1,780,000 $902,000 $805,000

HAURAKI KAIAUA KAIHERE KARANGAHAKE KEREPEHI MANGATARATA NGATEA PAEROA PIPIROA TURUA WAIHI WAIHI BEACH WAIKINO WAITAKARURU WHAKATIWAI WHIRITOA

$600,000 N/A $520,000 $360,000 N/A $480,000 $395,000 $660,000 $470,000 $430,000 $825,000 $685,000 N/A $770,000 $595,000

N/A N/A -9% N/A N/A -1% 1% N/A 0% 2% -2% -6% N/A N/A -2%

N/A N/A 7% N/A N/A 4% 8% N/A N/A 12% 3% 13% N/A N/A 4%

5 N/A 3 11 N/A 33 83 N/A 15 91 62 8 N/A 5 12

$676,500 N/A $775,000 $415,000 N/A $892,000 $875,000 N/A $810,000 $830,000 $1,712,000 $875,000 N/A $760,000 $790,000

MATAMATA MANAWARU MATAMATA MORRINSVILLE OKAUIA RICHMOND DOWNS TAHUNA TE AROHA TE POI WAIHOU WAITOA

$740,000 $520,000 $535,000 $852,500 N/A $470,000 $450,000 N/A $425,000 N/A

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

8% 8% 13% -6% N/A -6% 13% N/A N/A N/A

5 279 284 4 N/A 6 134 N/A 6 N/A

$723,750 $1,850,000 $1,200,000 $1,120,000 N/A $685,000 $930,000 N/A $630,000 N/A

OTOROHANGA KAWHIA OTOROHANGA

N/A $370,000

N/A 1%

N/A 14%

N/A 73

N/A $810,000

SOUTH WAIKATO ARAPUNI KINLEITH LICHFIELD PUTARURU TAPAPA TIRAU TOKOROA

$425,000 $715,000 $680,000 $345,000 $640,000 $420,000 $255,000

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

20% N/A 11% 13% 8% 9% 24%

6 N/A 8 110 2 37 343

$450,000 N/A $780,000 $1,250,000 $855,000 $820,000 $700,000

TAUPO ACACIA BAY BROADLANDS FOREST HATEPE HILLTOP KINLOCH KURATAU

$790,000 $685,000 $387,500 $540,000 $760,000 $480,000

1% 5% -11% -4% 3% -2%

10% 7% -1% -1% 10% 7%

51 4 N/A 77 65 37

$1,850,000 $810,000 N/A $1,510,000 $1,290,000 $840,000

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

LAT MEEST $ VDIAN ALU E $425,000 $747,500 $650,000 $985,000 $585,000 $680,000 $555,000 $495,000 $540,000 $425,000 $505,000 $555,000 $580,000 $825,000 $555,000 $445,000 $560,000 $845,000 $685,000 $565,000 $540,000 $655,000 $830,000 $600,000 $800,000 $520,000 $490,000 $470,000 $1,070,000 $1,020,000 $595,000 $705,000 $680,000 $1,195,000 $770,000 $795,000 $680,000 $575,000 $555,000 $602,500 $747,500 $475,000

UR B

12 % C-MON HA TH NG E

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

QU % CARTER HA NG E

$870,000 N/A $565,000 $1,325,000 $600,000 $1,100,000 $910,000 $1,710,000 $1,150,000 N/A $1,075,000 $760,000 $1,000,000 $745,000 $780,000 $1,482,500 $1,290,000 $985,000 $925,000 $1,115,000 $890,000 $1,170,000 $1,570,000 $1,570,000 $897,500 $835,000 $580,000 $765,000 $1,360,000

SUB

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

12 % C-MON HA TH NG E

QU % CARTER HA NG E

LAT MEEST $ VDIAN ALU E

UR B SUB 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

5% N/A 5% -3% -5% -2% 2% -5% 9% 6% -3% -5% -4% 4% 8% 8% 2% -9% 7% 3% -4% 6% 5% -3% 7% 17% -2% N/A 6% 0% 5% 2% N/A 0% N/A

3 N/A 2 8 N/A 1 13 8 176 6 14 1 7 13 3 167 17 3 9 167 25 14 107 5 84 22 15 N/A 53 N/A 31 120 7 25 N/A

$875,000 N/A $830,000 $1,100,000 N/A $500,000 $1,545,000 $2,820,000 $1,200,000 $1,245,000 $1,150,000 $700,000 $1,030,000 $405,000 $1,300,000 $1,500,000 $1,266,145 $780,000 $1,280,000 $1,100,000 $1,210,000 $2,870,000 $2,500,000 $1,900,000 $2,750,000 $1,440,000 $1,450,000 N/A $1,200,000 N/A $3,100,000 $1,333,000 $788,000 $1,320,000 N/A

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

$785,000 $1,045,000 $475,000 $630,000 $920,000 $867,500 $705,000 $865,000 $965,000 $510,000 $877,500 $735,000

1% -4% 1% 1% 0% -3% -3% 3% 4% 1% -5% 7%

6% 7% 12% 5% 7% 3% 3% -4% 8% 5% 6% 8%

317 11 64 230 21 46 34 10 22 376 5 5

$3,700,000 $1,710,000 $955,000 $1,300,000 $1,250,000 $1,500,000 $1,050,000 $1,650,000 $1,290,000 $1,530,000 $1,520,000 $850,000

N/A N/A N/A $210,000 $270,000

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

N/A N/A N/A 17% 15%

N/A N/A N/A 11 123

N/A N/A N/A $280,000 $880,000

SUB WAITOMO AWAKINO MAROKOPA MOKAU PIOPIO TE KUITI

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

$850,000 $715,000 $840,000 $917,500 $550,000 $510,000 $775,000 $1,060,000 $615,000 $580,000 $755,000 $520,000 $1,115,000

-1% 1% 4% -5% 1% 2% -3% -3% -1% 10% -2% -1% -3%

-7% 9% 14% 3% 2% 13% 2% 11% 5% N/A 7% 6% -6%

32 27 63 27 141 10 116 34 19 5 50 177 14

$1,560,000 $1,650,000 $2,925,000 $1,500,000 $1,588,000 $1,530,000 $1,822,500 $1,750,000 $1,600,000 $615,000 $1,425,000 $2,400,000 $1,800,000

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

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

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

$805,000 N/A $812,500 $920,000 $667,500 $630,000 $597,500 $1,295,000 $370,000 $855,000 $947,500 $710,000 $620,000 $342,500 $915,000 $455,000 $745,000 $635,000 $892,500 $745,000 $845,000 $1,065,000 $720,000 $812,500 $1,320,000 $740,000 $917,500 $405,000 $600,000 $755,000 $1,025,000 $575,000 $742,500 $900,000 N/A

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 POKENO PUKEKAWA PUKEMOREMORE RAGLAN RANGIRIRI TAMAHERE TAUPIRI TAUWHARE TE AKAU TE KAUWHATA TE KOHANGA TE KOWHAI TUAKAU WAERENGA WHATAWHATA WHITIKAHU

QU % CARTER HA NG E

$1,480,000 $496,000 N/A $920,000 $1,150,000 $525,000 $950,000 $642,500 $1,775,000 $795,000 $610,000 $2,275,000 N/A $875,500 $1,550,000 $980,000 $1,500,000 $2,000,000

$1,095,000 $970,000

-6% -3%

-4% -2%

10 72

$1,575,000 $3,000,000

KAWERAU KAWERAU

$295,000

23%

157

$617,000

OPOTIKI OPOTIKI & SURROUNDS OPOTIKI COASTAL TE KAHA WAIHAU BAY

$335,000 $400,000 $320,000 $470,000

5% N/A N/A N/A

3% N/A N/A N/A

86 22 9 2

$1,525,000 $855,000 $881,000 $775,000

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 REREWHAKAAITU ROTOITI FOREST ROTORUA CENTRAL SELWYN HEIGHTS SPRINGFIELD TIHIOTONGA TIKITERE UTUHINA VICTORIA WAIKITE VALLEY WESTBROOK WESTERN HEIGHTS WHAKAREWAREWA

$410,000 $407,500 $230,000 $540,000 $860,000 $370,000 $465,000 $440,000 $685,000 $545,000 $345,000 $875,000 $390,000 $930,000 $720,000 $270,000 $385,000 $432,500 $670,000 $310,000 $450,000 $440,000 $630,000 $465,000 $440,000 $490,000 N/A $517,500 $390,000 $390,000 $605,000 $715,000 $1,005,000 $440,000 $425,000 $710,000 $525,000 $350,000 $375,000

0% 2% 2% 3% 1% 1% 2% 2% 6% 2% 0% 3% 1% 4% 2% -8% 0% N/A 6% 0% 2% 0% 4% 2% 2% -4% N/A 4% 3% 3% 3% 1% 9% 1% 1% 8% 2% 1% 3%

9% 8% 10% 10% 4% 7% 8% 10% 13% 10% 11% 7% 8% 8% 13% 13% 10% 7% 15% 17% 11% 9% 10% 11% 10% -1% N/A 9% 13% 7% 7% 8% 7% 6% 13% 12% 7% 6% 12%

41 27 25 101 39 5 25 11 1 42 31 13 9 11 62 16 70 7 5 2 96 N/A 3 132 98 8 N/A 5 14 18 69 10 14 28 36 5 85 85 2

$529,000 $575,000 $345,000 $1,100,000 $2,150,000 $510,000 $596,000 $590,000 $430,000 $1,200,000 $850,000 $2,200,000 $557,000 $1,300,000 $1,018,000 $427,500 $675,000 $1,350,000 $815,000 $310,000 $1,357,500 N/A $1,450,000 $1,000,000 $1,040,000 $630,000 N/A $705,000 $712,500 $451,000 $905,000 $1,700,000 $1,750,000 $605,000 $840,000 $695,000 $1,650,000 $920,000 $415,366

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

$550,000 $805,000 $575,000 $500,000 $540,000 $545,000 $530,000 $712,500 $740,000 $630,000 $775,000 $775,000 $705,000 $715,000 $475,000 $475,000 $750,000 $670,000 $605,000 $1,310,000 $630,000

1% 1% 1% 2% 1% 2% 2% -2% 0% 2% 1% 0% 1% 1% 0% 0% 0% -2% 2% 1% 1%

5% 3% 4% 6% 5% 5% 6% -1% 2% 7% 5% 2% 4% 4% 7% 8% 3% 0% 4% 1% 5%

96 172 125 122 110 50 71 1 139 61 522 98 171 790 39 23 344 54 116 24 247

$970,000 $2,275,000 $1,100,000 $765,000 $1,310,000 $872,500 $970,000 $901,000 $2,500,000 $1,180,000 $6,000,000 $3,000,000 $3,500,000 $2,760,000 $620,000 $740,000 $4,850,000 $2,130,000 $2,300,000 $2,875,000 $1,700,000

$682,500 $375,000 $590,000 $480,000 $105,000 $345,000 $765,000 $690,000 $730,000 $180,000 $632,500 $882,500 $460,000

-0% 3% 3% 0% 11% N/A 0% 3% 7% 3% -1% 4% 0%

7% 10% 13% 10% 50% N/A 6% 1% 3% N/A 2% 13% 7%

21 41 2 16 22 1 85 14 7 14 9 9 299

$972,500 $927,000 $840,000 $1,025,000 $170,500 $176,500 $1,900,000 $905,000 $770,000 $1,001,000 $875,000 $950,000 $1,255,000

WAIROA WHAKAMARAMA

WHAKATANE COASTLANDS EDGECUMBE MANAWAHE MATATA MURUPARA MURUPARA SURROUNDS OHOPE OTAKIRI ROTOMA TANEATUA TE TEKO THORNTON WHAKATANE

LAT MEEST $ VDIAN ALU E

10 53 N/A 19 122 10 5 5 43 60 46 229 N/A 113 52 26 9 25

UR B

10% 28% N/A 5% 7% 3% 7% 8% 2% 6% 12% 4% 11% 13% 7% 15% N/A 4%

SUB

12 % C-MON HA TH NG E

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

QU % CARTER HA NG E

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

LAT MEEST $ VDIAN ALU E

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

UR B

$505,000 $255,000 N/A $495,000 $565,000 $450,000 $805,000 $500,000 $630,000 $505,000 $375,000 $485,000 $287,500 $260,000 $700,000 $665,000 $550,000 $765,000

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

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

146 31 13 9 19 34 65 20 38 7 19 17 113 16 31 1 27 89 43 117 20 21 5 N/A 59 63 29 3 N/A 6 41 97 20 53 146 58

$1,900,000 $750,000 $790,000 $1,020,000 $890,000 $2,010,226 $885,000 $799,000 $1,150,000 $2,050,000 $790,000 $1,107,500 $1,300,000 $1,100,000 $1,065,000 $860,000 $480,000 $1,100,000 $630,000 $2,060,000 $2,050,000 $495,000 $1,650,000 N/A $642,500 $1,900,000 $1,350,000 $720,000 N/A $1,100,000 $639,500 $765,000 $1,010,000 $807,500 $910,000 $850,000

$225,000 $295,000 N/A $170,000 $255,000 $270,000 $135,000 $170,000

2% 2% N/A 3% 11% 6% 0% 0%

10% 13% N/A 17% 42% 23% 8% 31%

67 326 N/A 19 32 50 21 39

$500,000 $890,000 N/A $337,500 $610,000 $441,000 $215,000 $305,000

$307,500 $310,000

-2% 5%

N/A 13%

9 170

$485,000 $1,475,000

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

$295,000 $370,000 $335,000 $365,000 $570,000 $655,000 $290,000 $405,000 $390,000

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

18% 14% N/A 18% 16% 16% 18% N/A 15%

76 95 6 549 22 21 35 13 48

$590,000 $1,036,000 $560,000 $1,250,000 $1,210,000 $960,000 $870,000 $700,000 $1,150,000

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

$425,000 $590,000 $335,000 $760,000 $755,000 $612,500 $465,000 $355,000 $220,000 N/A

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

16% 8% 12% 12% 12% 11% N/A 22% 10% N/A

423 16 21 6 9 8 18 18 10 N/A

$952,500 $802,000 $550,000 $1,400,000 $1,242,000 $705,425 $880,000 $1,510,000 $400,000 N/A

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

$780,000 $457,500 $445,000 $410,000 $675,000 $370,000 $560,000 $575,000 $685,000 $445,000 $450,000 $380,000 $405,000 $455,000 $895,000

4% 8% 5% 4% 2% 3% 3% 2% 9% 3% 3% 3% 4% 5% 9%

10% 20% 16% 17% 11% 17% 14% 12% 15% 16% 15% 18% 17% 15% 15%

14 89 208 49 87 131 211 177 18 144 136 130 122 120 5

$1,325,000 $950,000 $975,000 $535,000 $1,350,000 $617,000 $1,550,000 $1,200,000 $860,000 $740,000 $835,000 $860,000 $575,000 $950,000 $945,000

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

$420,000 $375,000 $650,000

2% 7% 1%

15% 23% 10%

121 36 5

$850,000 $760,000 $1,020,000

RANGITIKEI BULLS HUNTERVILLE KOITIATA MARTON PAREWANUI TAIHAPE & SURROUNDS

$295,000 N/A $255,000 $285,000 N/A $200,000

4% N/A -15% 6% N/A 3%

13% N/A -4% 16% N/A 38%

36 N/A 5 176 N/A 43

$600,000 N/A $350,000 $806,050 N/A $450,000

RUAPEHU KAKAHI MANUNUI NATIONAL PARK OHAKUNE OWHANGO RAETIHI TAUMARUNUI

N/A $205,000 $222,500 $355,000 $190,000 $190,000 $190,000

N/A N/A N/A 1% N/A 31% 0%

N/A N/A N/A 29% N/A 41% 23%

N/A 12 10 94 13 23 117

N/A $607,500 $570,000 $820,000 $580,500 $490,000 $535,000

TARARUA DANNEVIRKE EKETAHUNA ORMONDVILLE PAHIATUA WOODVILLE

$270,000 N/A $345,000 $265,000 $235,000

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

23% N/A 7% 23% 24%

196 N/A 2 115 42

$750,000 N/A $350,000 $675,000 $420,000

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

$270,000 $395,000 $647,500 $230,000 $380,000 $360,000 $560,000 $260,000 $530,000 $627,500 $445,000 $555,000 $585,000 $360,000 $445,000 $375,000 $325,000 $250,000 $285,000 $647,500

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

17% 16% 9% 28% 17% 18% 23% 27% 20% 20% 27% 19% 14% 26% 16% 15% 16% 28% 21% 15%

97 20 6 147 32 41 2 131 8 N/A 1 11 34 8 58 124 53 136 182 15

$488,000 $622,500 $1,100,000 $765,000 $905,000 $1,100,000 $660,000 $611,000 $950,000 N/A $452,100 $1,040,000 $915,000 $600,000 $900,000 $600,000 $910,000 $695,000 $701,165 $835,000

UR B

12 % C-MON HA TH NG E

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

QU % CARTER HA NG E

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

$460,000 $390,000 $425,000 $537,500 $430,000 $545,000 $455,000 $500,000 $610,000 $805,000 $480,000 $765,000 $405,000 $615,000 $445,000 $660,000 $305,000 $515,000 $440,000 $525,000 $770,000 $370,000 $730,000 N/A $375,000 $560,000 $620,000 $772,500 N/A $725,000 $415,000 $315,000 $780,000 $455,000 $415,000 $530,000

LAT MEEST $ VDIAN ALU E

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 CENTRAL OAKURA OKATO OMATA ONAERO SPOTSWOOD STRANDON STRATFORD SURROUNDS TARURUTANGI TIKORANGI URENUI VOGELTOWN WAITARA WAIWHAKAIHO WELBOURN WESTOWN WHALERS GATE

WEST END WESTBROOK WHAKARONGO

SUB

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

12 % C-MON HA TH NG E

QU % CARTER HA NG E

LAT MEEST $ VDIAN ALU E

UR B SUB

TARANAKI

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 TOLAGA BAY WAINUI WHATAUPOKO

$407,500 $290,000 $375,000 $865,000 $435,000 $285,000 $632,500 $495,000 $380,000 $810,000 $772,500 $812,500 $682,500 $245,000 $657,500 $445,000 $315,000 $350,000 $195,000 $945,000 $510,000

3% 7% 6% -5% 5% 2% 0% 5% 4% -4% -4% 6% -6% 7% 2% 5% 7% 4% 8% 7% 4%

16% 23% 25% 17% 23% 27% 10% 19% 27% 18% 17% 16% 12% 20% N/A 19% 24% 17% N/A 17% 20%

12 38 36 3 36 52 22 6 106 3 2 18 5 56 2 21 12 121 8 25 101

$1,900,000 $420,000 $820,000 $1,250,000 $730,000 $665,000 $975,000 $654,000 $1,080,000 $800,000 $772,500 $1,350,000 $715,000 $995,000 $630,000 $1,300,000 $430,000 $695,000 $315,000 $1,550,000 $900,000

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

$435,000 $435,000 $285,000 $550,000 $805,000 $807,500 N/A $320,000 $555,000 $415,000 $485,000 $525,000 $720,000 N/A $747,500 $500,000 $830,000 $435,000

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

10% N/A 12% -4% 13% 21% N/A 25% N/A 9% 5% 6% N/A N/A 15% 16% 8% 7%

99 1 34 26 4 19 N/A 151 78 82 5 19 345 N/A 8 93 7 88

$765,000 $1,650,000 $742,000 $1,039,000 $1,005,000 $1,175,000 N/A $452,000 $1,260,000 $805,000 $1,200,000 $1,400,000 $3,050,000 N/A $840,000 $970,000 $950,000 $685,000

N/A N/A N/A 100 N/A 11 82 49 3 2 N/A 3 9 2 13

N/A N/A N/A $710,000 N/A $2,135,000 $715,000 $650,000 $809,000 $655,000 N/A $1,055,009 $1,550,000 $875,000 $515,000

HAWKEâ&#x20AC;&#x2122;S BAY CTRL HAWKES BAY CNTRY OTANE PORANGAHAU RANGITIKEI SURROUNDS TAKAPAU WAIPAWA

$560,000 $390,000 $290,000 $460,000 $215,000 $345,000

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

18% 22% N/A N/A 23% 13%

3 19 5 11 16 50

$540,000 $940,000 $330,000 $615,000 $565,000 $775,000

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

$722,500 $700,000 $690,000 $765,000 $590,000 $710,000 $310,000 $430,000 $755,000 $715,000 $505,000 $450,000 $600,000 $490,000 $830,000 $490,000 $605,000 $635,000 $720,000

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

10% 6% 7% 9% 9% 9% 17% 13% 7% 10% 11% 8% 14% 11% 6% 9% 9% 30% 7%

32 20 35 80 127 13 53 133 6 58 110 108 5 84 49 120 275 40 29

$1,850,000 $840,000 $1,375,000 $2,400,000 $1,270,000 $1,198,000 $730,000 $859,200 $1,331,500 $1,563,000 $1,188,000 $650,000 $640,000 $650,000 $1,565,000 $901,100 $1,810,000 $785,000 $2,400,000

WAIROA MAHIA WAIROA WAIROA COUNTRY

$495,000 $170,000 N/A

N/A 0% N/A

16% 36% N/A

8 63 N/A

$685,000 $440,000 N/A

$692,500 $475,000 $450,000 $550,000 $570,000 $615,000 $987,500 $625,000 $630,000 $927,500 $625,000 $685,000 $440,000

3% 2% 3% -14% 4% 1% -2% 2% 4% 4% 1% 0% 0%

7% 8% 13% -10% 10% 4% N/A 8% 9% 8% 6% 5% 5%

19 132 51 12 196 216 9 108 60 16 247 96 5

$1,400,000 $1,300,000 $675,000 $1,149,000 $1,380,000 $1,155,000 $1,500,000 $2,360,000 $1,475,000 $1,450,000 $1,610,329 $1,715,000 $625,000

$695,000 $600,000 $695,000 $690,000 $940,000 $890,000 $660,000 $652,500 $720,000 $640,000 $770,000 $835,000 $1,187,500 $877,500 $707,500 $710,000 $485,000 $560,000 $495,000 $690,000 $740,000 $880,000 $490,000 $490,000 $755,000 $465,000

0% 3% 4% 0% -1% 2% 2% 1% 3% 2% 7% 2% -3% 2% 3% 2% 9% 0% 5% 1% 1% 2% 0% 5% 1% 4%

4% 10% 9% 5% 5% 9% 7% 9% 13% 9% 15% 7% 3% 6% 6% 10% 17% 8% 14% 10% 3% 9% 8% 17% 7% 16%

37 65 50 53 15 52 34 35 20 46 18 55 14 N/A N/A 56 8 20 128 24 132 6 220 71 18 347

$932,200 $1,001,001 $1,325,000 $1,585,000 $2,900,000 $1,600,000 $990,000 $889,000 $1,260,000 $1,080,000 $998,000 $1,560,000 $2,850,000 N/A N/A $2,200,000 $770,000 $722,880 $805,050 $1,299,995 $1,260,000 $1,495,000 $920,000 $720,000 $1,380,000 $965,000

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

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

WAIWHETU WATERLOO WOBURN YORK BAY

$620,000 $695,000 $910,000 $835,000

1% 1% 1% 2%

9% 7% 6% 8%

52 75 59 3

$980,000 $1,300,500 $1,800,000 $1,001,000

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

$455,000 $545,000 $380,000 $750,000 $350,000 $750,000 $500,000 $385,000 $705,000 $350,000 $785,000

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

12% 3% 10% 11% 6% 9% N/A 10% -1% 4% 8%

216 5 444 2 5 16 11 121 3 4 13

$1,800,000 $760,000 $1,375,000 $650,000 $462,500 $1,397,000 $1,130,000 $710,000 $1,230,000 $400,000 $1,000,000

$930,000 $490,000 $755,000 $425,000 $480,000 $1,275,000 $735,000 $750,000 $1,545,000 $805,000 $455,000 $675,000 $460,000 $550,000 $410,000 $745,000

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

7% 13% 2% 16% 10% 18% 6% 6% 14% 3% 2% 6% 10% 11% 12% 6%

61 25 29 39 7 4 35 44 2 30 37 29 11 112 12 231

$1,321,000 $661,000 $1,310,000 $545,000 $676,000 $1,700,000 $935,000 $1,700,000 $1,450,000 $2,300,000 $700,500 $1,020,000 $700,000 $1,110,000 $550,000 $1,550,000

SOUTH WAIRARAPA CAPE PALLISER FEATHERSTON GREYTOWN LAKE FERRY MARTINBOROUGH PIRINOA

N/A $400,000 $620,000 N/A $570,000 N/A

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

N/A 16% 12% N/A 7% N/A

N/A 90 84 N/A 64 N/A

N/A $930,000 $1,610,000 N/A $1,790,000 N/A

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

N/A $510,000 $655,000 $620,000 $545,000 $565,000 $585,000 $645,000 $845,000 $695,000 $1,065,000 $510,000 $890,000 $957,500 $610,000 $765,000 $685,000 $565,000 $460,000 $535,000 $570,000 $560,000 $550,000 $990,000

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

N/A 12% 10% 11% 12% 17% 17% 13% 11% 9% 11% 12% 9% 32% 8% 6% 11% 15% 19% 11% 16% 15% 17% 14%

N/A 54 9 38 53 58 46 33 7 11 2 22 6 2 30 35 69 13 26 60 176 3 51 16

N/A $1,359,000 $1,425,000 $771,500 $750,000 $818,000 $720,000 $1,640,000 $1,196,000 $970,000 $1,500,000 $760,000 $1,537,000 $1,250,000 $748,300 $985,000 $1,510,000 $730,000 $1,125,000 $790,000 $920,000 $500,000 $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

$800,000 $775,000 $1,025,000 $730,000 $875,000 $865,000 $835,000 $520,000 $540,000 $800,000 $1,015,000 $950,000 $860,000 $915,000 $680,000 $1,285,000 $1,275,000 $845,000 $1,225,000 $1,030,000 $770,000 $780,000

3% 4% 4% 2% 4% 2% 3% 5% 3% 3% 8% 6% 4% 5% 1% 3% 6% 2% 5% 1% 3% 3%

8% 3% 10% 7% 7% 8% 6% 11% 13% 11% 10% 6% 6% 4% 7% 8% 7% 6% 9% 7% 7% 5%

33 58 4 29 88 134 30 8 8 32 91 7 15 107 198 1 8 218 33 169 48 17

$1,855,000 $1,125,000 $1,250,000 $1,150,000 $2,500,000 $1,526,000 $1,243,000 $693,000 $605,000 $1,100,250 $2,175,000 $1,392,500 $1,372,000 $1,721,000 $1,330,000 $1,100,000 $1,477,500 $2,400,000 $2,925,000 $2,225,000 $1,529,300 $1,070,000

UR B

12 % C-MON HA TH NG E

N/A N/A N/A 13% N/A 2% 10% 10% 13% 48% N/A 12% 13% N/A N/A

QU % CARTER HA NG E

N/A N/A N/A 2% N/A 4% 1% 0% 5% 18% N/A 2% 2% 1% N/A

LAT MEEST $ VDIAN ALU E

N/A $520,000 N/A $470,000 N/A $900,000 $445,000 $445,000 $715,000 $680,000 N/A $815,000 $930,000 $550,000 $302,500

SUB

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

12 % C-MON HA TH NG E

QU % CARTER HA NG E

LAT MEEST $ VDIAN ALU E

UR B SUB OMAHU PAKIPAKI PAKOWHAI PARKVALE POUKAWA PUKETAPU RAUREKA SAINT LEONARDS SHERENDEN TANGOIO TE AWANGA TWYFORD WAIMARAMA WAIPATU WHAKATU

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

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

$635,000 $412,500 $690,000 $1,015,000 $520,000 $445,000 $385,000 $605,000 $785,000 N/A $365,000 N/A $405,000 $455,000 $925,000 $560,000 $420,000 $455,000 $897,500 $360,000 $350,000 $395,000 $530,000 N/A $650,000 $920,000 $595,000 $685,000 $445,000 $495,000

11 184 23 6 15 35 13 12 2 N/A 52 N/A 94 2 7 4 158 68 6 26 22 12 120 N/A 2 3 43 12 3 151

$785,000 $1,460,000 $766,000 $1,465,000 $1,500,000 $835,000 $550,000 $800,000 $635,000 N/A $860,000 N/A $1,500,000 $363,000 $2,250,000 $620,000 $638,000 $1,800,000 $1,120,000 $670,000 $1,226,000 $1,200,000 $1,195,000 N/A $800,000 $1,570,000 $865,000 $965,000 $800,000 $1,050,000

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

$520,000 $680,000 $610,000 $590,000 $1,050,000 $650,000 $752,500 $775,000 $660,000 $710,000 $910,000 $560,000 $810,000 $510,000 $845,000 $565,000 $505,000 $540,000 $620,000 $697,500 $450,000 $915,000 $520,000 $490,000

1% 1% 2% 0% 1% 1% 4% 4% 1% 2% 2% 2% 1% 1% 2% 1% 1% 1% 1% 3% 1% 6% 0% 0%

6% 6% 7% 7% 6% 7% 8% 7% 6% 8% 6% 5% 7% 9% 6% 8% 9% 8% 8% 6% 8% 8% 6% 9%

24 57 7 21 12 35 2 5 14 20 13 24 18 107 26 329 94 36 69 7 66 2 34 41

$620,000 $1,565,000 $566,000 $840,000 $2,820,000 $1,105,000 $1,100,000 $883,000 $1,115,000 $1,190,000 $1,400,000 $909,000 $1,045,000 $1,850,000 $1,660,000 $1,150,000 $1,030,000 $995,000 $1,510,000 $1,850,000 $655,000 $1,350,000 $882,500 $719,000

TASMAN ANISEED VALLEY APPLEBY BRIGHTWATER COLLINGWOOD DOVEDALE

$875,000 $1,010,000 $670,000 $467,500 $635,000

6% 7% 2% 1% -1%

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

1 4 72 12 5

$1,328,000 $1,703,000 $1,800,000 $850,000 $1,250,000

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

13% 6% N/A N/A N/A 2% 3% 12% 18% N/A 2% N/A 8% 17% 9% 7% 6% 3% 23% 1% 24% N/A 3% N/A 20% N/A 9% 8% N/A 4%

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

N/A -1% 1% -6% 11% -2% -1% 1% -1% N/A -3% N/A 0% 9% -16% 2% 1% 0% 0% -3% 4% N/A 2% N/A N/A -1% 3% 0% 2% 1%

NELSON-TASMAN-MARLBOROUGH

12 % C-MON HA TH NG E

$1,545,000 $1,105,000 $1,070,000 $1,630,000 $1,065,000 $1,640,000 $4,300,000 $1,303,000 $1,540,000 $1,650,000 $1,505,000 $1,725,000 $4,250,000 $995,000 $1,040,000 $1,305,999 $4,920,000 $2,317,500 $1,400,000 $2,100,000 $1,625,000 $2,300,000 $2,725,000 $1,182,000 $2,500,000 $2,550,000 $1,400,000

QU % CARTER HA NG E

63 19 15 129 12 60 48 101 78 84 43 4 17 23 52 15 20 55 13 38 230 196 90 10 51 86 21

$815,000 $530,000 $642,500 $770,000 $955,000 $740,000 $530,000 $760,000 $625,000 $1,030,000 $637,500 $920,000 $480,000 $500,000 $405,000 $1,045,000 $567,500 $972,500 $675,000

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

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

11 69 8 7 3 32 257 1 3 26 389 10 8 34 14 16 3 23 65

$1,450,000 $1,400,000 $950,000 $875,000 $1,075,000 $1,280,000 $1,200,000 $785,000 $778,000 $2,840,000 $1,730,000 $2,030,000 $670,500 $905,000 $705,000 $3,200,000 $730,000 $1,450,000 $1,550,000

BULLER CAPE FOULWIND CARTERS BEACH KARAMEA REEFTON WAIMANGAROA WESTPORT

$440,000 $300,000 $190,000 $195,000 $165,000 $205,000

0% 1% -7% 15% 3% 0%

9% 4% 10% 34% 16% 5%

N/A 10 4 38 6 119

N/A $460,000 $320,000 $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

$367,500 $160,000 $300,000 $145,000 $150,000 $145,000 $300,000 $235,000 $235,000 $305,000 $460,000 $265,000 $175,000 $390,000 $140,000 $115,000 $115,000

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

5% 3% 6% 0% 7% 16% 9% 0% 4% -2% -1% 6% 11% 3% 12% 0% 0%

3 22 1 44 8 9 3 91 5 23 10 N/A 7 12 30 4 5

$422,000 $289,000 $185,000 $280,000 $170,000 $169,000 $395,000 $530,000 $299,000 $800,000 $610,000 N/A $750,000 $530,000 $250,000 $145,000 $250,000

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

$415,000 $360,000 $232,500 $270,000 $250,000 $290,000 $200,000 $305,000 $140,000

-1% 1% 0% -2% 2% -2% 8% -8% 0%

N/A N/A 8% 8% 14% N/A N/A -3% N/A

2 11 4 90 4 13 9 2 3

$330,000 $670,000 $600,000 $667,500 $390,000 $510,000 $430,000 $380,000 $310,000

ASHBURTON ALLENTON ASHBURTON ELGIN HAMPSTEAD METHVEN NETHERBY RAKAIA TINWALD

$385,000 $330,000 $645,000 $285,000 $415,000 $315,000 $335,000 $340,000

1% 0% -1% 0% 1% 2% -1% 1%

3% 3% -10% 2% 4% 5% 10% 5%

206 91 8 65 43 64 29 100

$1,100,000 $690,000 $865,000 $485,000 $665,000 $797,000 $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

$355,000 $650,000 $610,000 $295,000 $360,000 $550,000 $350,000 $545,000 $420,000 $250,000 $180,000 $450,000 $335,000 $450,000 $475,000 $540,000 $410,000 $485,000 $665,000 $752,500 $552,500

0% 1% 3% 4% 0% 0% 1% 2% 0% 5% 9% 1% 2% -1% 2% 2% 0% 1% 4% 3% 7%

0% -1% 3% 9% 4% 3% 1% 3% -1% -6% -8% 1% 2% 0% 1% 5% 4% 3% 3% 7% -3%

99 50 47 107 79 171 24 36 79 3 6 171 35 42 106 140 150 96 120 8 5

$610,000 $1,180,000 $1,299,000 $445,000 $523,000 $1,090,000 $510,000 $872,000 $910,000 $140,000 $481,000 $951,000 $539,000 $800,000 $1,315,000 $1,840,000 $742,000 $2,200,000 $1,610,000 $875,000 $1,400,000

HOPE KAHURANGI NATIONAL PK KAITERITERI 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

6% 6% 5% 8% 6% 9% 3% 10% 10% 6% 6% 8% 7% 7% 8% 6% 9% 7% 5% 6% 7% 11% 9% 6% 6% 1% 4%

UR B

3% 2% 4% 3% 4% 2% 3% 3% 6% 3% 3% 1% -1% 3% 1% 3% 5% 4% 5% 3% 1% 3% 3% 3% 4% 1% 4%

SUB

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

12 % C-MON HA TH NG E

$835,000 $775,000 $877,500 $840,000 $805,000 $670,000 $975,000 $675,000 $850,000 $860,000 $890,000 $1,460,000 $1,872,500 $760,000 $695,000 $770,000 $1,165,000 $1,360,000 $865,000 $785,000 $685,000 $595,000 $755,000 $787,500 $1,020,000 $345,000 $815,000

QU % CARTER HA NG E

LAT MEEST $ VDIAN ALU E

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

WEST COAST

CANTERBURY

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

12 % C-MON HA TH NG E

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

QU % CARTER HA NG E

218 15 2 11 36 28 3 103 85 12 365 42 52 75 68 48 149 146 44 146 29 9 6 N/A 203 11 56 128 86 120 16 77 160 107 57 94 34 151 211 83 48 171 136 129 5 3 61 345 89 92 77 143 41 23 10 179 94 N/A 50 153 10 42 79 22 53 9 61 37 118 241 31

$1,880,000 $2,200,000 $595,000 $668,490 $512,000 $980,000 $563,000 $780,000 $3,150,000 $950,000 $1,240,000 $1,050,000 $1,240,000 $552,000 $1,200,000 $1,080,000 $690,000 $850,000 $1,380,000 $2,190,000 $477,500 $480,000 $1,900,000 N/A $773,500 $1,150,000 $1,100,000 $880,000 $1,950,000 $4,000,000 $1,345,000 $1,440,000 $700,000 $600,000 $685,000 $2,200,000 $1,125,000 $2,000,000 $1,350,000 $590,000 $1,550,000 $730,000 $2,570,000 $675,000 $1,770,000 $540,000 $950,000 $1,900,000 $870,000 $810,000 $1,110,000 $938,000 $690,000 $850,000 $690,000 $653,000 $2,500,000 N/A $2,500,000 $1,250,000 $700,000 $930,000 $1,500,000 $1,080,000 $485,000 $725,000 $600,000 $1,055,000 $850,800 $660,000 $2,750,000

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

$810,000 N/A $545,000 $480,000 $625,000 $330,000 $395,000 $625,000 $280,000 $475,000 $630,000 N/A $755,000 $560,000 N/A $395,000 N/A $590,000 $725,000 $860,000 $640,000

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

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

9 N/A 86 8 8 18 10 27 2 83 229 N/A 92 593 N/A 35 N/A 20 7 87 5

$1,350,000 N/A $1,350,000 $640,000 $750,000 $475,000 $765,000 $1,125,000 $420,000 $939,000 $1,700,000 N/A $2,245,000 $1,875,000 N/A $795,000 N/A $1,060,000 $1,150,000 $1,785,000 $550,000

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

$715,000 $420,000 $505,000 $390,000 $1,070,000 $410,000 $310,000 $645,000 $400,000 $345,000 $470,000 $315,000 $390,000 $275,000 $820,000 $315,000 $320,000 $340,000 $365,000 $320,000 $332,500

1% 1% 2% 0% 1% 1% 0% 0% 2% 1% 3% 0% 8% 2% 1% 2% 0% 1% 1% 2% 1%

10% 2% 3% 3% 6% 3% 5% 7% 4% 5% 11% 5% 12% 2% 6% 3% -2% 5% 6% 5% 2%

6 100 56 58 5 99 37 10 29 91 N/A 48 32 3 2 66 124 45 5 45 71

$815,000 $1,152,000 $1,750,000 $622,000 $1,458,000 $1,225,000 $640,000 $850,000 $780,000 $750,000 N/A $673,000 $720,000 $305,000 $940,000 $591,000 $900,000 $851,000 $750,000 $465,000 $593,000

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

$655,000 $315,000 $960,000 $722,500 $790,000 $455,000 $725,000 $900,000 $695,000 $455,000 $500,000 $455,000 $682,500 $805,000 $592,500 $715,000 $395,000 $650,000 $455,000

-3% -1% 2% -1% -2% 2% 0% -2% -3% -1% -1% 0% -3% -1% 0% -2% 3% -3% -1%

7% -5% 6% 2% -2% 1% 4% 7% -1% 1% 1% 2% 10% 2% 5% 1% 4% 0% 1%

13 1 10 17 17 322 26 43 5 65 108 544 12 38 8 7 25 22 109

$725,000 $143,033 $1,300,000 $995,000 $1,450,000 $1,000,000 $1,290,000 $2,250,000 $650,000 $780,000 $1,280,000 $1,600,000 $1,125,000 $1,240,000 $915,000 $750,000 $640,000 $1,155,435 $687,000

WAIMATE GLENAVY MAKIKIHI OTAIO WAIMATE

$220,000 $390,000 N/A $280,000

2% N/A N/A 2%

N/A N/A N/A 14%

8 3 N/A 100

$285,000 $421,000 N/A $745,000

HURUNUI AMBERLEY BALCAIRN CHEVIOT HANMER SPRINGS HAWARDEN LEITHFIELD WAIPARA

$440,000 $705,000 $230,000 $490,000 $205,000 $370,000 $535,000

0% 1% 5% -3% 0% 0% -3%

1% 8% 12% 1% N/A -1% N/A

76 7 14 65 6 28 2

$1,210,000 $1,042,500 $350,000 $988,363 $372,000 $825,000 $630,000

KAIKOURA KAIKOURA

$475,000

-1%

12%

$900,000

MACKENZIE LAKE TEKAPO OMARAMA OTEMATATA TWIZEL BUNNYTHORPE LONGBURN FAIRLIE

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

$635,000 $527,500 $480,000 $390,000 $370,000 $295,000 $285,000 $325,000 $255,000 N/A $427,500

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

11% 9% 14% 11% 9% 9% 10% 10% 13% N/A 7%

4 N/A 3 6 15 8 2 359 24 N/A 31

$1,170,000 N/A $480,000 $852,000 $600,000 $507,500 $360,000 $1,010,000 $535,000 N/A $830,000

$850,000 $440,000 $380,000 $500,000 $610,000 $412,500 $355,000

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

5% 10% 12% 16% 14% 21% 9%

25 8 13 85 18 11 25

$1,600,000 $650,000 $570,000 $1,036,000 $961,000 $1,375,000 $750,000

$285,000 $220,000 $155,000

6% 4% 19%

12% 10% 35%

203 59 40

$830,000 $843,250 $250,000

SUB

UR B

LAT MEEST $ VDIAN ALU E

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

12 % C-MON HA TH NG E

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

QU % CARTER HA NG E

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

LAT MEEST $ VDIAN ALU E

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

UR B

$410,000 $735,000 $492,500 $510,000 $390,000 $485,000 $490,000 $360,000 $1,005,000 $670,000 $535,000 $625,000 $490,000 $385,000 $450,000 $485,000 $425,000 $400,000 $700,000 $625,000 $385,000 $305,000 $1,110,000 N/A $320,000 $415,000 $492,500 $420,000 $665,000 $815,000 $655,000 $670,000 $335,000 $360,000 $375,000 $660,000 $515,000 $455,000 $465,000 $290,000 $665,000 $435,000 $435,000 $365,000 $832,500 $537,500 $485,000 $510,000 $470,000 $400,000 $425,000 $470,000 $370,000 $430,000 $520,000 $425,000 $775,000 N/A $655,000 $365,000 $505,000 $450,000 $455,000 $650,000 $325,000 $452,500 $335,000 $740,000 $610,000 $345,000 $580,000

CHRISTCHURCH CENTRAL 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 LE BONS BAY 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

SOUTHLAND GORE GORE GORE SURROUNDS MATAURA

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

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

43 53 19 N/A 48 55 38 2 3 67 18 9 31 80 20 2 97 223

$2,608,600 $4,800,000 $1,875,000 N/A $3,500,000 $4,100,000 $1,650,000 $1,750,000 $1,350,000 $2,350,000 $3,350,000 $880,000 $1,090,000 $2,000,000 $830,000 $670,000 $4,350,000 $5,750,000

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

$195,000 N/A $202,500 $270,000 $517,500 $387,500 $110,000 $210,000 $230,000 $390,000 $650,000 $537,500 $485,000 N/A $205,000 $315,000 $345,000 $520,000 $420,000 $165,000

11% N/A 4% 10% 4% 2% N/A 4% -2% -1% 2% 1% 1% N/A 6% 2% 0% 0% N/A 0%

N/A N/A 9% N/A 11% 21% N/A 17% 10% 16% 11% 14% 14% N/A N/A 21% 17% 4% N/A 32%

1 N/A 19 2 15 22 9 25 15 55 3 8 92 N/A 14 8 80 24 1 14

$232,000 N/A $400,000 $595,000 $725,000 $900,000 $180,000 $445,000 $875,000 $910,000 $550,000 $642,000 $1,180,000 N/A $300,000 $469,000 $1,100,000 $1,085,000 $165,000 $297,000

CLUTHA BALCLUTHA CLINTON & SURROUNDS KAITANGATA KAKA POINT LAWRENCE MILTON OWAKA PAPATOWAI/POUNAWEA SOUTH OTAGO COASTAL TAIERI MOUTH TAPANUI WAIHOLA WAIPORI FALLS

$280,000 $130,000 $190,000 $320,000 $245,000 $245,000 $290,000 $250,000 $327,500 N/A $215,000 $410,000 $110,000

4% 8% 6% -4% 7% 0% N/A N/A N/A N/A 5% -5% -4%

17% N/A 46% 14% 9% 17% N/A N/A N/A N/A 5% 23% 29%

103 10 19 20 18 43 13 6 N/A N/A 17 15 3

$715,000 $255,000 $369,000 $915,000 $380,000 $855,000 $385,000 $320,000 N/A N/A $310,000 $802,300 $150,000

DUNEDIN ABBOTSFORD

$460,000

21%

$860,000

SUB

OTAGO

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

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

$770,000 $1,140,000 $1,045,000 N/A $1,005,000 $860,000 $955,000 $2,007,500 $590,000 $1,290,000 $1,645,000 $575,000 $705,000 $1,025,000 $610,000 $250,000 $1,020,000 $1,010,000

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

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

ALLANTON ANDERSONS BAY BALACLAVA BELLEKNOWES BLACKHEAD 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 HARINGTON POINT 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 OCEAN GROVE 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

12 % C-MON HA TH NG E

$410,000 $575,000 $612,000 $395,000 $365,000 $440,000 $750,000 $615,000 $610,000 $522,000 $578,000 $425,000 $528,000 $335,000 $490,000 $950,000 $725,000 $875,000 $485,000 $950,000 $640,000 $595,000 $615,000 $370,000 $580,000 $452,000 $730,000 $610,000 $772,000 $770,000

QU % CARTER HA NG E

111 4 33 60 33 64 97 116 117 25 46 62 10 16 66 15 4 13 55 40 93 26 20 163 7 23 93 54 8 134

LAT MEEST $ VDIAN ALU E

26% 3% 16% 12% 28% 27% 15% 23% 19% 17% 23% 21% 13% 25% 24% -2% -1% 4% 17% 12% 18% 22% 10% 25% 1% 21% 16% 18% -2% 14%

UR B

5% 1% 1% 0% 7% 4% 1% 4% 3% 3% 4% 4% 1% 5% 4% 1% -1% 2% 3% -1% 3% 6% 1% 4% 3% 4% 0% 4% -0% 1%

SUB

12 % C-MON HA TH NG E

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

QU % CARTER HA NG E

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

LAT MEEST $ VDIAN ALU E $215,000 $460,000 $335,000 $190,000 $230,000 $250,000 $465,000 $295,000 $310,000 $370,000 $350,000 $255,000 $327,500 $225,000 $260,000 $490,000 $685,000 $652,500 $305,000 $430,000 $330,000 $275,000 $490,000 $250,000 $410,000 $255,000 $390,000 $400,000 $567,500 $400,000

UR B INVERCARGILL APPLEBY ASCOT AVENAL BLUFF CLIFTON GEORGETOWN GLADSTONE GLENGARRY GRASMERE HARGEST HAWTHORNDALE HEIDELBERG INVERCARGILL KEW KINGSWELL LORNEVILLE MILL ROAD MYROSS BUSH NEWFIELD OTATARA RICHMOND ROCKDALE ROSEDALE STRATHERN TISBURY TURNBULLTHOMSON PARK WAIKIWI WAVERLEY WEST PLAINS WINDSOR

$550,000 $535,000 $485,000 $610,000 $910,000 $430,000 $510,000 $500,000 $390,000 $425,000 $365,000 $405,000 $345,000 $800,000 $370,000 $675,000 $450,000 $390,000 $430,000 $510,000 $700,000 $565,000 $360,000 $572,500 $530,000 $440,000 $440,000 N/A $390,000 $530,000 $670,000 $435,000 $415,000 $480,000 $520,000 $385,000 $290,000 $585,000 $477,500 $740,000 $485,000 $455,000 $495,000 $745,000 $495,000 $400,000 $590,000 $405,000 $990,000 $390,000 $515,000 $535,000 $560,000 $455,000 $400,000 $490,000 N/A $410,000 $450,000 $645,000 $835,000 $610,000 $390,000 $550,000 $405,000 $760,000 $595,000 $322,500 $477,500 $815,000 $370,000 $705,000 $325,000 $815,000 $455,000 $545,000 $440,000 $610,000 $522,500 $425,000

3% 5% 7% 3% 2% 6% 6% 1% 7% 4% 9% 4% 5% -2% 7% -1% 5% 8% 13% 4% -1% 3% 4% 5% 5% 4% 6% N/A 1% 4% 3% 4% 4% 4% 4% 12% 2% 1% 4% 2% 3% 6% 5% 1% 5% 1% -1% 4% -4% 3% 6% 3% 11% 0% 4% 1% N/A 6% 5% 2% -4% 5% 3% 5% 5% -4% 5% 8% 5% 13% 6% 2% 7% 3% 5% 6% 10% 4% 9% 12%

15% 15% 23% 16% 19% 18% 21% 12% 16% 16% 22% 8% 17% 13% 23% 12% 15% 22% 26% 13% 8% 12% 16% 18% 15% 16% 16% N/A N/A 18% 11% 14% 19% 16% 18% 26% 7% 10% 17% 11% 18% 18% 13% 0% 14% 11% N/A 14% 3% 11% 23% 15% 17% 12% 13% 8% N/A 21% 7% 10% N/A 13% 15% 20% 8% 14% 12% 17% 15% N/A 19% 12% 12% -4% 17% 20% 17% 13% 24% 26%

6 45 16 45 2 25 18 4 26 N/A 32 4 58 3 14 11 21 28 14 99 12 48 35 12 15 74 56 N/A 1 16 5 52 14 34 27 12 4 18 3 51 21 55 376 4 36 12 65 99 9 10 7 25 21 7 25 10 N/A 26 3 40 1 82 149 7 18 1 18 104 24 3 6 12 51 3 45 21 11 41 N/A 7

$695,000 $965,000 $915,000 $1,000,000 $1,050,000 $646,000 $920,000 $632,000 $570,000 N/A $530,000 $576,440 $695,000 $775,000 $597,000 $800,000 $599,000 $825,888 $650,000 $1,117,500 $1,810,000 $980,000 $720,000 $866,000 $614,000 $850,000 $1,635,000 N/A $350,000 $637,000 $1,100,000 $727,000 $1,440,000 $648,000 $692,000 $555,000 $360,000 $1,116,000 $526,555 $1,350,000 $625,000 $895,000 $1,675,000 $900,000 $1,200,000 $530,000 $2,750,000 $1,070,000 $1,300,000 $705,000 $900,000 $825,000 $940,000 $650,500 $626,522 $660,000 N/A $541,000 $515,000 $2,200,000 $1,160,000 $1,520,000 $669,000 $915,000 $867,000 $850,000 $710,000 $621,500 $915,000 $1,820,000 $475,000 $825,000 $645,000 $1,640,000 $720,000 $740,000 $600,000 $1,050,000 N/A $585,000

$525,000 $895,000 $570,000 $675,000 $237,500 $290,000 N/A $1,137,500 $230,000 $285,000 $872,500

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

6% N/A 10% 11% N/A 12% N/A N/A 10% 0% 20%

174 5 40 214 8 19 N/A 3 30 23 5

$1,475,000 $1,500,000 $1,175,000 $2,510,000 $290,000 $535,000 N/A $1,350,000 $369,000 $701,453 $1,120,000

BARFOOT AND THOMPSON SPONSORED CONTENT

WHY AUCTIONS ARE ROARING BACK TO LIFE

HAMMER TIME Strong attendances and vigorous bidding in Auckland’s auction rooms reflect a new-found strength in the city’s housing market

agents are more likely to recommend auctions. But he says there are distinct differences from the market peak four years ago. In those times, Dunoon says, bidders had a real fear of missing out and were piling into the market in case the property would be gone. This time around, while there is genuine interest to get back into the market, and listings are coming in, there isn’t that heat. He sees that bidders today have a bit more experience under their belts, particularly if they have been the unsuccessful under-bidder at a few auctions. “They’ve lost by $5000, or $1000 or even $500, so the next time they are certainly well prepared, knowing that they don’t want to come second” Dunoon also says that buyers know that a property going to auction means that the vendor is serious and wants to sell.

s Auckland’s housing market started the new year with strong sales numbers and rising prices, Barfoot and Thompson’s managing director Peter Thompson pointed to growing numbers of buyers attending open homes and auctions. Campbell Dunoon, the company’s head of auctions, says that even in February, auction figures are not far from the peak years of 2016 and early 2017. “This January we had 614 listed auctions, compared to 519 in January 2019. That’s a good increase. “It’s an indication that vendors are keen to sell their properties by auction. We’re seeing a response to buyer demand as stock is slowly increasing. “Rather than a game of two halves, last year was a game of ‘three quarters/one quarter.” It started out average and then the market kicked off with buyer interest in the last quarter of 2019.” Dunoon says that there were a lot of homeowners who were potential vendors, happy to be sitting and watching the market last year, who are now committing to sell. “They are ready to get that property on the market prior to the election.” Their timing couldn’t be better, as Thompson reported that there is still unmet demand. While Barfoot & Thompson reported a massive 58 per cent pick-up over December for new January listings, to 1080, the surge in sales has left fewer properties for sale by month end (at 3537, that’s more than 18 per cent fewer than January last year). “This number of listings at the end of January is the lowest they have been at the start of a year in four years and given the level of interest being shown by buyers, now represents an excellent time for owners to list,” Thompson says. Dunoon says that already

“There’s a sense of urgency. People don’t know what they’ll pay until they’re there.”

Barfoot and Thompson head of auctions Campbell Dunoon, pictured below, says auctions figures for this year are close to peak levels.

February and March forecasts show that the market is now reacting to the early summer surge and there is good buyer interest, with a lot of optimism for later in the year. “Highbrook and City auctions rooms have been packed, rooms are full. And it’s across all price brackets, from $700,000 to $1.5m or $2m, there’s been a lot of activity. Mortgage rates remain at record lows and there’s certainly a lot more excitement around that.” Dunoon says that at this point in the cycle, where demand is exceeding supply,

When things were slower, some vendors tested the market, not accepting offers and withdrawing their properties – frustrating for would-be buyers who are unsure where the price might land and have no reference point, or who may go in conservatively expecting room for negotiation. “With auctions, it’s transparent and disclosed. There are no backroom deals, no gazumping, so buyers are confident it’s really up to them and they are in control.” He says that nervous or conservative bidders soon realise that the comfortable buyer, the one who wants the property the most, will buy it. “There’s a sense of urgency. People don’t know what they’ll pay until they’re there. The good news, says Dunoon, is that running into the autumn months of March and April, he sees demand keeping up. “There’s still a demand for property. With the election date in September, that whole preelection slump [when it’s in November] is unlikely to happen.”

COMMENT

The housing shortage is a myth. Here’s why Ashley Church

nless you’ve been living in a cave for the past few years, you’ve heard about the shortage of housing in New Zealand. There are variations of the view but the most popular version claims that we’ve been building fewer homes than we actually need for decades, and that we now have a shortage of around 100,000 dwellings. This view was almost universally accepted for a long time and while there’s some debate over where the claim originally came from, we know that it first gained widespread acceptance in 2012 when Labour made it the central plank of their KiwiBuild policy to build 100,000 homes over 10 years. Over the next few years, the claim gathered momentum and was also adopted by the National Government which came up with its own initiatives to address the problem. Meanwhile, housing commentators, myself included, berated the government for not moving fast enough and called for even more action to address the huge housing shortage. There was only one problem

The prevailing thought in political circles is that we've been building too few houses over the past decade

– the claim that we had a shortage of homes was never true. The whole thing is a fascinating case study in how a completely wrong idea can grip the public consciousness to the point where logic and rational thinking is crowded out by hysteria and shonky data. By 2016, belief in a shortage of houses had taken hold and attained the status of unchallengeable dogma. It wasn’t until people like Gareth Kiernan from Infometrics and I started re-examining the numbers that it became obvious that the housing shortage claim was just a house of cards. There are two simple and widely available indicators which tell us whether we’re building enough homes to keep up with demand. The first is population data and the population count, and the second is a Census measure which tells us the average number of people occupying a Kiwi home at any given time. While the population data is updated constantly, the household occupancy figure is only available from Census data, which is usually taken

once every five years. So why are these numbers so important? Firstly, because they’re unquestionably accurate – and secondly, because dividing one by the other tells us how many houses we have at any particular point in time. Let me demonstrate. We know that in 1986 the population of the country was 3.24m and we know from the Census that year that, on average, there were 3.29 people per dwelling/household in New Zealand. So by simply

increase of 565,000 dwellings over 26 years (or an average of 21,000 new dwellings being built per year). Why does this matter? Because the household occupancy number could only have dropped if we had built more homes than we needed. If it had stayed at 3.29 we would only have needed 1,352,000 homes by 2013, so we built almost 200,000 more homes over that 26 year period than we needed to just stand still. Think about what this

“The whole thing is a fascinating case study in how a completely wrong idea can grip the public consciousness to the point where logic is crowded out by hysteria.” dividing the population figure by the average household figure – we know that there were almost 985,000 occupied houses in New Zealand in that year. But if we fast forward to 2013 we find that the population had increased to 4.45 million and that the average household occupancy number had actually dropped to 2.87 people per household. This means that the number of occupied dwellings had grown to 1,550,000 – an

means, because it’s important. Not only do we not have a housing shortage – but the market has actually been supplying more homes than we’ve needed for almost 33 years. But wait. Don’t we also know that we have high levels of homelessness and that the numbers of people on the Social Housing Register – those wanting to rent a home from the state – have dramatically

increased? Yes to both, but these things are symptomatic of socioeconomic issues, not a housing shortage. For example, people register for social housing not because there are no homes to rent, but because they can’t afford market rate rents. The same is true of the homeless, and the factors that drive this issue are more complex and also relate to mental health and addiction issues. Neither have anything to do with a shortage of housing. While all of our attention has been focused on the failed KiwiBuild programme, the private sector has been quietly building, and selling, a large number of homes where they’re needed most. The top 10 housing development companies in New Zealand built more than 10,000 new homes last year – a rate which will see us very close to reaching the original national KiwiBuild target of 100,000 homes over 10 years. Now that KiwiBuild is dead, let’s hope that the fable of the great housing shortage has been consigned to history where it belongs.

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Rotorua

ETB Realty Ltd Licensed Agent REAA 2008

IN YOUR NEIGHBOURHOOD LYNMORE

ADVENTURE STARTS HERE

Close to farmland, forest and lakes, this remains one of Rotorua’s most popular and best performing suburbs, writes LOUISE RICHARDSON

otorua has seen a huge surge in popularity over the past 10 years. As local and international visitors continue arrive in great numbers, more workers are needed in hospitality and other associated businesses resulting in increased competition for existing accommodation. Families expecting to find homes for a fraction of what they’d pay in larger towns and cities may well be out of luck, as there is little suitable land available for new subdivisions in and around Rotorua, which adds a premium to house prices.

Lynmore, which has developed and expanded significantly over the past 30 years, is a perennial favourite due to its perfect position, right on the edge of Lake Rotorua, yet also very central. It’s just 5km northwest of the CBD and a short drive to Rotorua Airport. Until recently, Lynmore was mainly residential, with its population having shot up particularly during a boom in the 1980s when the majority of houses were constructed. Now, more services and amenities are being established to service the still-growing number of residents.

in Redwood Park, a subdivision of executive residences on Tarawera Rd that is situated in the perfect spot for access to lakes, rivers, forests, shops and services. Sections range from 0.14ha to 1.95ha.

$720K

Current median property value for suburb

2.1% Quarterly change

12.5% 12-month change

87.0%

Change since 2015

$1.01m Biggest sale price of last 12 months

Te Ngae Rd, on the main arterial route to the Port of Tauranga, the Eastern Bay of Plenty and south to Taupo, is a major hub with Lynmore Junction Shopping Centre and numerous restaurants, bars, bakeries, plus doctors and dentists.

Motion Entertainment is one of the latest additions to Lynmore, attracting local and international visitors. It’s an allweather establishment, with mini-golf, ten-pin bowling, laser tag and even an indoor tramp park. Sections are currently selling

Who lives here? Redwood Park is expected to attract mature buyers, simply because of its superb location and facilities, but elsewhere in Lynmore, more ordinary properties are home to families of all ages and stages. Many live in renovated 1930s and 40s houses – some of the earliest builds in the suburb. What’s to love? Lovers of adventure and the great outdoors could scarcely imagine a better place than

Rotorua, and Lynmore especially. Whakarewarewa Forest is right on the doorstep with its towering Redwood trees and endless opportunities for fun and fitness. The forest is fast becoming an internationally well-regarded magnet for mountain bikers looking for a rugged place in which to challenge themselves, and each other. Walkers and hikers are catered for too, as are “Our open horse riders homes are getting good and even dog numbers and walkers. Rotorua’s they’re lakes are mostly perfect for people boaties, water moving skiers and within anyone who Rotorua.” fancies a spot of fishing, while back on land the local golf club is close, as is Neil Hunt Park on Tarawera Rd – home to the local cricket, rugby, softball and soccer teams. The nearby CBD is another attraction with its ever-growing range of cuisines from all over the world and lots of shops and boutiques, as well as popular chain stores. Rotorua has a number of markets, selling crafts and produce and in general, a strong community culture, much of which is centred around schools and marae. Buying and selling Beth Millard, of Bayleys Rotorua, says Lynmore remains as popular as ever and there are multiple offers on most

properties. “Investors are definitely back and that’s actually a shame for our first home buyers because they’re often using KiwiSaver so they can’t make cash offers in the same way, and they’re missing out. She says there are more properties available than at this time last year. “If anything, they’re possibly taking a little longer to sell, but that’s in the upper price range.” Millard says that Lynmore remains popular because of its easy access to the city, the Redwoods and the lakes. “Our open homes are getting good numbers and they’re mostly people moving within Rotorua. “I think that in the first quarter you get people who’ve been thinking about buying and selling over the holidays and may have considered renovating before deciding to check out what’s on the market instead.” She says that lots of these potential buyers are behaving very robustly and confidently, which signals a sense of optimism, but she expects the current drought conditions and the anxiety around the coronavirus to have an effect in future. “In the meantime, we look at the crowds in an auction room to get a sense of what’s happening in the market, and I don’t expect there will be much change in Lynmore. “It’s one of Rotorua’s bestperforming suburbs and will continue to be.”

Lisa Crowe is a well established top performer and a high achiever in Rotorua’s Real Estate scene specialising in Residential and Lake properties. Lisa has a passion for helping her clients achieve premium results. Working alongside Lisa is Jacquie McLeod, a knowledgeable and exceptionally organised client service professional. Together they work hard for their clients with passion, enthusiasm and drive, keeping them at the top of their game. List with Lisa Crowe & Co and be assured of award winning service. Lisa Crowe 027 496 1935

Licensee Salesperson lisa.crowe@raywhite.com Amtos Realty Services Ltd REAA 2008

Jacquie McLeod 027 751 5924

Sales Assistant jacquie.mcleod@raywhite.com Amtos Realty Services Ltd REAA 2008

Rotorua

ETB Realty Ltd Licensed Agent REAA 2008

177 Kawaha Point Road - Blue Chip Lake Front Property One chance in a million to secure this stunning property. Located in one of Rotorua’s most sought-after locations, this grand two-story residence offers stunning uninterrupted views across Lake Rotorua Offering luxurious chattels throughout this property, take a stroll out to the spa area, the BBQ area or the jetty of which you have your own private access Don’t miss out on this opportunity, this property is surplus to the owner’s requirements and they are motivated to sell.

P 07 348 6136 | harcourts.co.nz

湖畔钻石豪庭这座豪宅坐落在Rotorua高级湖边小区，180度一线美丽湖景尽收眼底。顶级的综合配备和全新豪华装修家具，日落湖景加上按摩Spa池可以消除您一日的疲劳。坐拥碧湖蓝天，晨听水鸟鸣鸣，夜观星光点点，Rotorua不可多得的湖畔明星。

Phoenix Fan M 022 473 1268 P 07 348 6136 E phoenix.fan@harcourts.co.n nz W harcourtsetb.co.nz Harcourts ETB Realty Ltd Licensed Agent REAA 2008