NZ Herald QV Property Report - September 2018 by NZME.

Monday, September 3, 2018

PREFAB FIRMS READY FOR ACTION P3 ONE YEAR OF LABOUR — WHAT HAVE THEY DONE? P5

Closed for business

What the ‘AirBnB’ tax means for home buyers and sellers INSIDE: LATEST QV.CO.NZ VALUES COVERING 420 NORTH ISLAND SUBURBS

What will your property be worth in 2020? To find true value, turn to the back page. CBRE (AGENCY) LTD LICENSED REAL ESTATE AGENT (REAA 2008)

September 3, 2018 | OneRoof.co.nz PROPERTY REPORT

Inside Prefab facts paint a positive picture

Bending Auckland’s unitary plan rules

Market Watch with Nick Goodall

Regions’ grass looks green

Labour a year on

QV Data Report with Rory Milne

Cover story — Home workers risk big rate bills

Should you spend before you sell?

What the industry says

What your home is worth

12-17

Spotlight on Parnell Wainui / Waitoki Takapuna

18 20 22

Editor: Steve.Hart@NZHerald.co.nz Steve Hart online: https://goo.gl/EtJHJq Contributors: Diana Clement, Greg Fleming, Catherine Smith, Lawrence Watt, Vicki Holder, Donna Fleming, Rory Milne, Nick Goodall. Photos: NZHerald, Ted Baghurst. Production: Donna McIntyre. Cover design/graphics: Paul Slater, Courtney Wenzlick, Alex DSouza. Display advertising: (09) 373 6004. On the web: OneRoof.co.nz Source: QV.co.nz / NZHerald graphic

Where are the big risers? Follow the infrastructure

elcome to our third Property Report for the year. We have a compelling package of features inside, ranging from articles on hot topic issues such as Airbnb, construction and home affordability to useful guides on home renovation and relocating. We hope these will help you better plan your own property journey as we gear up for spring. The latest figures from CoreLogic NZ and QV will bring comfort to most homeowners — and a tonic to recent speculation of market gloom, both here and across the ditch. Although many of the major cities have experienced a slowdown in growth, these are well within most economic forecasts and, for the most part, are incremental. Wild price fluctuations are simply not on the cards — and the Reserve Bank’s forecasting on the OCR suggests it will be business as usual for some time to come. We may not be in the best market in New Zealand, but we can say with confidence that it’s the second best.

Track your home See OneRoof.co.nz for insights on your suburb — discover how prices have changed since 2000.

Where value growth has been significant is in the regions. That’s good news for those markets that have often been overlooked by buyers and investors. Growth in values is a good indicator of improved business confidence, better employment prospects and an increase in infrastructure spending. That is clearly the case with Wellsford, the biggest riser in the Greater Auckland region. Wellsford’s quarter on quarter growth of 3.4 per cent to $540,700 reflects the area’s growing popularity among Auckland first-time buyers searching for more affordable housing and a lifestyle change.

In real estate, the maxim is “follow the infrastructure”, and those who have already bought into Wellsford are way ahead of the curve, making savvy decisions based on current and projected infrastructure growth. The under construction Puhoi to Wellsford motorway extension will make commuting to Auckland a more attractive option for buyers who are concerned about the current length of the commute. The motorway will also encourage more interest in the area’s lifestyle and holiday home property market. Aucklanders seeking an escape will be able to push past Omaha and Warkworth and explore the delights of Kaipara Harbour and Mangawhai Heads. Finally, you’ll notice that we have a new title — OneRoof Property Report — reflecting the growing stature and influence of New Zealand’s newest property listings portal, OneRoof.co.nz. The site, launched by Property Report publisher NZME five months ago, houses a wealth of data, information and insights — giving buyers, sellers, and investors an edge in what can be a complex market.

IN A CLASS OF HER OWN

Exceptionally tuned in to what’s happening in your area, Karen’s expertise, network and personalised marketing will ensure your outstanding result. For a free, no obligation market appraisal of your home give Karen a call today. Karen Spires 027 273 8220 | bayleys.co.nz

A LT O G E T H E R B E T T E R

Re s id e nt ial / Co m m erc ia l / R u ral / P ro p e rt y S e r v i ce s BAYLEYS REAL ESTATE LIMITED, PONSONBY, LICENSED UNDER THE REA ACT 2008

September 3, 2018 | OneRoof.co.nz PROPERTY REPORT

From drawing board to site Kiwi prefab firms have fine-tuned production and are ready to meet the market, writes Catherine Smith

hen PrefabNZ’s chief executive Pamela Bell released its Capacity and Capability report in March this year, she was excited that the industry study figured that by 2020 the manufactured construction companies would be delivering 7000 houses a year from their factories. “This would deliver 70 per cent of KiwiBuild’s 10,000 homes per year target.” Six months later, the news is even better. “Key manufacturers are moving ahead of KiwiBuild to start supplying now. There’s been at least six companies announcing expansion plans of existing factories or new investment in the past few months,” she says. “We’re projecting now that their capacity is nearer to 11,500 houses. “So now it’s not about methodology — that’s been proven. It’s in the domain of logistics, consenting, finance. Those last two are things that PrefabNZ is working on with central and local government, and with banks.” The way banks finance prefab homes, which are transported on to site in close to finished state, means a different way of staging mortgages compared to a traditional build. PrefabNZ is working with banks to structure mortgages for transportable houses and access the same warranties to guarantee the deposit. There has been success, with Westpac announcing a finance package for transportable houses back in May. The organisation is also working with big spenders for housing procurement such as Housing New Zealand or HLC, as the cash flow for manufacturing whole buildings for delivery to site requires a new way of staging contracts and making payments compared to traditional sticks and nails one-off construction payment schedules. “It’s a difficult space to enter, and you don’t want the ‘make a quick buck’ brigade,” Bell says. “Prefab is not the silver bullet, it’s part of a suite of highly refined, quality executed prongs.” Companies are already well established in the market. Since mid-2017, Takapuna’s Solution Street, an offshoot of upscale developer Legacy, has installed affordable houses on sites from Mangere to Panmure, Glen Eden and Glenfield, with 55 more new builds in the pipeline. It is working with manufacturers on a design and engineering answer to pumping out volume at quality — 200 houses in 2019, ramping up to 500 a year. Development manager Mitchell Jefferson and sales and marketing manager Mike Beazley have figured out how to shave costs all the way through the building pipeline: standardisation and prefabrication are only part of the mix. The company makes the most of unitary plan allowances to insert two or three new, warm houses where one old place sat. It partners with multiple manufacturers to put the houses together. The company is skilled at spotting sites that are flat with good frontage width to fit multiple houses, arranged to get privacy, parking (no garages to reduce costs), with an eye to sustainability. All its houses are rated to at least Homestar 6 so they’re cheap to run as well as buy, land is deliberately sited near transport hubs, schools, shops and a community. “It’s not cheap if you’re miles out of Auckland,” says Beazley. “You want to build in an existing community, using existing infrastructure, not greenfields. We like to treat it as a community, so the buyers meet each other first, so when they move in no one is a stranger.” Engineering has focused on how a built house can be put together in the factory, have all the finishes down to floor coverings and appliances, still fit on a truck, and be bolted together on site. A ground and first floor, already with the roof on, are separately craned on to timber pile foundations. A few days’ work adds weatherboards to connect the floors on the outside and finishes interiors, adding stairs and connecting services. The company has learned that more than

engineering processes needed refining, adding staff to speed up the quality of documentation for consenting process, issuing titles and codes of compliance. (This is now done, for example, before the modules leave the factory.) “Now with the KiwiBuild criteria, our houses are within the price caps, so we can really ramp up,” says Jefferson. “Everything is scalable, we can now speed it up, even things like site search, consents.” Some of the other companies have switched from industrial and commercial builds, where big steel pre-fabrication is common, to residential. Spanbild, 50 years old next year, has built more than 5000 houses over 20 years. Its acquisition this year of modular housing manufacturer Concision (which had built 500 houses since 2016) means it can take advantage of the newest technology to produce 1000 units a year, says company chair Don Elder. The company employs 50 people on two shifts, and could ramp up to a 24/7 operation to meet demand. Elder points to multi-storey buildings that can be installed at three days each floor (compared with a month each floor in traditional builds). And the Christchurch-based company is grappling with shipping buildings around the country, possibly as flat pack, and ramping up production in Auckland. Design of the homes is key. The industry jargon is DFMA (design for manufacturing assembly) which means that instead of re-detailing an architect’s plans to fit manufacturing — wasteful of time and materials — the house is designed based on Concision’s standardisation. But architects are nibbling at the edges. Auckland TOA Architects’ work includes Vinegar Lane apartments. It is building the prototype of what it hopes will be the first of a 1000 Māori Modular Houses (MMH). Directors Nick Dalton and Craig Wilson have collaborated with Mike Greer Commercial to premanufacture walls, floors and roofs, with wiring, windows and plumbing, to assemble on site. “We want to introduce design, so that it’s not cheap [looking] and nasty and ugly,” says Dalton. “Let’s up spec. Instead of low cost, you have medium to high design. It starts at a fundamental level, still has quality, sustainability and good design.” The pair, who have tested a lot of the concepts on Wilson’s new house in Grey Lynn, have kept house size small (under 65sq m for two bedrooms, which also meets many councils’ limits for an

This build in Hillsborough, Auckland was a test case for how quickly Concision could build a home on a challenging hill site, to a high passive home specification and nearly entirely prefabricated. From the time the piles were in the ground, Concision had the 90sq m threebedroom (floor, deck, steps, external walls, internal walls and roof) built in two days. Photos / Supplied

Prefabs could deliver 70 per cent of KiwiBuild’s 10,000 homes yearly target.

OneRoof.co.nz

accessory dwelling; 95sq m for three bedrooms) through efficient design (no corridors) and stretching living space with courtyards. Their modules can be dropped on to fastinstalled screw piles (German technology that can be done in half a day), which means rolling land can be used for the houses, not just flat. The architect is fond of wood: interior plywood for looks and efficiency (no wet trades), crosslaminated timber for floors and structure (a couple of hours to install) and a rustic chemical-free exterior cladding Abodo. On a larger scale, Whangarei-based manufacturer Donovan Group has spent two years focusing on volumetric construction (panellised components, as distinct from flat pack components used on standard building sites). It has partnered with window and joinery manufacturers, invested heavily in buildings and plant and expects to grow its workforce in this part of the business from 15 to 70 people. With not all the automation in place, already 18 modular houses have gone out to home sites. Modular Group general manager John Lawson is aiming for 70 a year. That will double that when automation is fully installed in the next year. Missing link A repeated gap that many manufacturers have identified is the lack of standardisation for window and door joinery. The current totally customised business model adds cost and time delays. To solve this, pre-fab volume manufacturers have each partnered with joinery companies to devise a standardised suite of joinery for their houses, and the windows and doors are installed in the panels before they are shipped to site. Skills gab PrefabNZ, with its manufacturing members, is putting huge effort into skills development with industry training organisations. Whangarei’s Donovan Group has capacity to work with the industry training organisations, Lawson wanting his factory to help the local community, growing work opportunities and teaching new skills. TOA Architects envisage building employment opportunities, along with their houses: local people earning the skills and mana to assemble their own, healthy, homes. “In three years, the future will be in offsite manufacturing,” says Elder. ■ See page 6.

September 3, 2018 | OneRoof.co.nz PROPERTY REPORT

Spare cash from spare land New rules open up new opportunities for many Auckland land owners, writes Vicki Holder , with a council that is sympathetic to increasing density. But it all carries a cost

he Unitary Plan was a game changer for Auckland, giving homeowners opportunities to get more financial benefit from their spare land. Not just the standard, as of right, permitted activities — such as the ability to convert an existing dwelling into two (for homes existing as at September 30, 2013) or add a minor dwelling (no larger than 65sq m) — so long as you comply with certain rules (access and site coverage). That’s allowed across the board in all zones. Or that in the Mixed Housing Suburban and Urban Zones, which might have only one dwelling, you can now have up to three (each must be on a minimum established 300sq m site), as of right. But think like a developer. Look beyond the standards for a complying proposal and go down the Resource Consent track, even if you’re not intending to build. It could put you in a better financial position, pay off the mortgage, or create homes for your children. Lindley Naismith and Jane Aimer of Scarlet Architects have residential clients who are exploring the potential of the new plan and have gone through the resource consent process. Their advice: go straight to the Urban Design Manual. Says Naismith: “The council has put a lot of effort into this. They’re really good at summarising the process.” They suggest that architects can explain the process. “You have to prove you have the required space for a driveway and have a net site in a zone for say, 300sq m — depending on which zone you’re in. “Say you start with a site of 700sq m and take out the 100sq m for the drive and you’re left with two 300sq m sites. If you want to build another dwelling, that’s straightforward.

“But there might be other options to build more dwellings with resource consent.” Aimer says: “We’re doing one at the moment for clients who own a house in Remuera in the single house zone where the overall site is about 1300sq m. “They can, as of right, put two houses, each on 600sq m and a driveway and they’ll be fine. But what they’re interested in exploring is getting three homes on the site, maximising the harbour views.” Scarlet Architects prepared preliminary computer models for a pre-lodgement meeting to show both scenarios — what the client can do as of right and what they want to do. The aim is to demonstrate to the council that they’re not putting that much extra bulk on to the site than they could do as of right. Getting a planner involved and talking to the council costs the client about $10,000. “It gets you to an understanding to see if you have a viable development and allows you to make decisions. A lot of people pull out at this stage,” says Naismith. Next, you apply for the pre-lodgement meeting and your architect/designer will go to the planning department of Auckland Council with your prepared scheme plan. From that meeting, the council will advise if it’s something it is willing to look at. If council supports the plans, it will advise the homeowner to seek limited notification where the council assesses who is directly affected — the neighbours, people two doors up who have a view that might be affected by a roof — and it will notify those parties. If council can’t make the discretionary call because it’s too far outside the rules, it will notify everyone it thinks is affected. If there are objections, there will be an Environment

Lindley Naismith (left) and Jane Aimer of Scarlet Architects.

Court Planning Commission hearing process in a public notification. Naismith: “They say it’s most likely they’ll put it forward for notification. A publicly notified resource consent costs an extra $50,000 or so for the consultants involved to support your case. “However, if you’re successful with your three-unit site, you’ll probably make a tidy profit that makes the investment worthwhile. “Commercial developers are comfortable with this process and factor it into their sums.” People must also factor in that by adding another dwelling to their site, they need to pay a development contribution — between $20,000 and $30,000 — because of the load added to the infrastructure. And tax implications of the five-year brightline test need consideration. But these days, the council is sympathetic to increasing density. Aimer says not having the 600sq m net required is not necessarily a problem if there is a well-considered plan. “If it’s considered design, it’s meeting the policies of the plan. That’s what they’re trying to achieve. “It’s just they need to invest a lot more time, expertise and funding to go through the resource consent process.”

Focus on three big topics Many standard market measures are having a little holiday. Sales volumes have reached a bit of a floor and values have continued to slow around New Zealand. Meanwhile, each of the different buyer groups that we track has settled into its routine in 2018 with no major regulation changes impacting any one group more than another. This has given us the opportunity to better understand the bigger picture influences. Essentially, three major factors are at play: construction, interest rates and the economy. Construction We’re in the midst of one of our strongest residential building phases on record. Monthly building consent figures remain high, particularly in Auckland and Wellington, so the intention and plan to build is strong. But the ability to see this eventuate into a significant increase in stock remains questionable, as the industry is at or near capacity. These questions become louder with major construction firms going into liquidation. What’s more, we’ve previously analysed the net increase to overall stock, and it generally sits at about 70 per cent of all consents issued.

The difference is mostly due to existing properties needing to be demolished before new properties can be built, not because consents aren’t completed. We don’t have stacks of free land so, with a major need to intensify and the Auckland Unitary Plan in action, this difference is set to remain. On a positive note, KiwiBuild is building momentum. The main benefit of Kiwibuild will be reduced property prices, assisting the affordability of homes, not the quantity. So, constrained supply means a significant reduction in property values is unlikely in the short term. We have to

make up for the last decade’s shortfall, off the back of strong population growth. Interest rates The outlook is for them to stay low for longer. Some economists are even suggesting the OCR could be reduced rather than increased and I tend to agree. In last month’s Monetary Policy Statement “continued softness in the housing market” was cited as one of the factors which could contribute to weaker than expected GDP growth, which if combined with weak inflation and/or unemployment could result in a reduction of the OCR. Economy Economists think GDP growth is slowing and this, on top of severely low current business confidence, gives reason for caution. But, until the signalling of weaker intentions from the business confidence surveys flows through to a reduction in investment behaviour, the future is probably not as grim as the surveys indicate. Combine all this and our projected sales volume model predicts a further gradual drop but it’s not time to panic.

Source: QV.co.nz / NZHerald graphic.

September 3, 2018 | OneRoof.co.nz PROPERTY REPORT

Regions’ grass looks green

Affordable housing, comparable or better salaries, and far less traffic are all compelling reasons to leave Auckland, writes Greg Fleming

ising house and petrol prices, gridlocked traffic and the desire for a slower pace of living are causing an increasing number of Auckland professionals to move to the regions. And many don’t even have to suffer a pay cut to do it. A survey of 4000 New Zealanders by Kantar TNS for job site YUDU.co.nz revealed that certain professions — those in primary industries, accounting, healthcare, human resources and aviation — can all expect better pay in the regions. And for those in other professions, cheaper house prices make up for the mover’s drop in salary. Others figure that with Auckland property prices having peaked, 2018 is a good time to explore what property is available in other parts of the country. Not only are there now more jobs in the regions but technological improvements and more progressive employers have made remote working arrangements a more viable option. Employers are having to adapt because candidates outside of Auckland are reluctant to move due to high accommodation and house prices. Indeed, New Zealand’s regional areas are the strongest current property market performers, so scoring a bargain is getting harder. But the quality of life on offer is incentive enough for many. House prices increased in 14 out of 16 regions across New Zealand during February 2018 compared to February 2017, including a record high in Hawkes Bay, according to REINZ stats. The only regions not to experience an increase were the West Coast and Gisborne.

Marlborough magic Angela Stafford and her husband Jarrod Dunn moved from Auckland to Marlborough in January. They had three kids under five and “wanted to give them more: more space, more time and a different lifestyle”. Career-wise they took a risk. Angela was a senior commercial/property lawyer and Jarrod head of PE at Western Springs College, but they were confident they could find good options in Marlborough. Angela now works at an established local firm. Jarrod is relief teaching at Marlborough Boys’. Angela says they love Marlborough and the slower lifestyle. “The kids and I have gained about six hours a week by removing the daily commute,” she says. “Our new home has tons of land and our neighbours include two horses and about a dozen sheep. “We sliced our debt by more than two-thirds and our new house is nicer than the one we left. The kids can safely scooter and cycle in our street. “Our vegetable garden is prolific and there is time to work on it. We do earn less but that is partly because we aren’t both working full time, so overall it is still a win.” What’s so bad about Auckland? “We loved Auckland — the beaches, the temperature, and the people, but for us Marlborough is better. “We left a great neighbourhood and lots of family but they have been supportive. We have had lots of visits already and they seem pretty taken with our new world.” She said Auckland congestion meant weekend errands took half a day.” Here, you can get it all done in an hour because everything is in the same spot, five minutes from home. “Getting the kids to extracurricular events is easier — I can pop out to watch the cross-country or assembly without any fuss. I also don’t miss the housing pressure. It has been hard watching Auckland families borrowing huge sums to buy average quality homes, with long commute times. If you can earn a decent wage out of Auckland then it makes sense to consider alternatives that save money and time.” A number of their friends and her clients have left Auckland for similar reasons.

Picton, Marlborough Photo / Getty Images

“Typical weekend errands in Auckland take half a day. Here in Marlborough, you can get it all done in an hour because everything is in the same spot, five minutes from home.”

Angela Stafford

MEDIAN SALARY AUCKLAND v REGIONS INDUSTRY Accounting Engineering Finance Real estate Legal Technology

AUCKLAND $65,762 $74,976 $72,025 $74,010 $91,492 $81,676

REGIONS $65,882 $72,879 $66,661 $73,796 $70,324 $72,724 Source: YUDU.co.nz

“Even with two working parents in good jobs, it is hard to get ahead in Auckland. We also have a lot of friends who live offshore — mostly teachers who find the pay and conditions in NZ don’t compare, so they are living abroad to earn and save. Hopefully many will return to NZ soon and we will lobby to get them here.”

Jarrod Dunn, Angela Stafford and family in Marlborough. Photo / Supplied

Same firm, new location Angela Aitken is a chartered accountant with BDO Central North Island, based in Palmerston North after moving from BDO Takapuna. She and her partner have families in the area. They knew the move would make it easier to save for a deposit on a house — something that would have taken an additional six years if they had stayed in Auckland. The move has been good from both a lifestyle and financial point of view, with the demand for professionals high in the region. “Our combined income has increased, and our living costs have essentially halved,” she says. “We now have a mortgage, and these repayments are almost half what we paid in rent in Auckland.” Working at BDO, with offices throughout New Zealand, made the move easier. “When I saw a position in the Palmerston North office, I jumped at the chance,” says Angela. “The easy move helped with the timing process of getting bank funding for our house purchase. It took away a lot of the normal stress you’d get with moving towns, buying a house and starting a new job.” “We are happy to be paying towards our own future, rather than someone else’s,” says Angela. Moving tips Angela Stafford’s tips for others contemplating a move from Auckland to the regions: ■ Plan — we planned carefully and did a lot of homework about work, schools and housing. ■ Be bold — leaving what is familiar is not easy but if you think it makes sense, go for it. ■ Enlist help — securing the right home was important. Jackie Herkt from Bayleys (Marlborough) made that part easier. Getting The Moving Company to handle the relocation was also a smart move. ■ Allow time — we had several weeks to settle the kids into school and day care without working which was important because it was a big change for them. ■ Get involved — we have thrown ourselves into the local community.

September 3, 2018 | OneRoof.co.nz PROPERTY REPORT

Building on promises Almost a year after New Zealand’s new Government took power Lawrence Watt checks progress on its home-building plans

he Labour-coalition Government has been in power for nearly a year — so how well has it handled its huge home building plans? What should property buyers gain, and is there anything to be concerned about after a year of Labour? OneRoof spoke with Housing and Urban Development Minister Phil Twyford and his nemesis, National housing spokeswoman Judith Collins. Kiwibuild and the concurrent growth plans for state houses is a challenge of monumental proportions. Here’s some history. After the GFC of 2007-2008, the property sector crashed. Many builders left New Zealand for overseas, and banks refused to lend to spec builders. Fewer houses were built. The economic recovery was based largely on migration. But a property boom made houses unaffordable. When the Labour Party was campaigning last year, its promises included building 100,000 new homes and fixing social housing, which they felt the Key Government had forgotten. But tight lending and a builder shortage has hampered increases in the housing supply. The first 18 Kiwibuild houses should now be complete, Twyford says. They are at McLennan Park, a private sector development in Papakura the Government has invested in. It is these private developments — call them joint ventures — that Twyford says will deliver in the first few years, but with the big schemes on Government land overtaking in year three. With banks tightening lending criteria for developers, the Government has had to step into the breach. Twyford says nearly 100 developers have contacted the Government. “The point is to kick-start developments which have failed to start because of lack of finance . . . due to developments being stalled by the Australian-owned banks,” he says. Twyford predicts that 1000 new homes will be completed by this year’s end, 5000 by the end of 2019 and 12,000 in three years. In addition to Kiwibuild, Twyford says there will be an increase of 6400 State houses in the next four years. “It means building a lot more than the 6400, because of the ones that are being knocked down,” he says. But with just 18 smallish homes being completed on the Government’s first anniversary, Twyford concedes the machine has been slow off the mark. “You can’t build them overnight. That’s why we

Large scale pre-fabrication such as Donovan Group Modular’s Whangare-based factory will improve quality, construction speed and lower costs, says Twyford. Photo / supplied

have always said there has been a ramp-up over three years,” he says. But the people have been hired, construction begun, and deals have been done or completed. There’s no question of demand — 41,000 people have signed up on the Kiwibuild website. But they need to show that they are residents and have the money. Prefab homes Many houses will be built offsite. It is “no silver bullet”, but large scale pre-fabrication will improve quality, speed of construction and lower costs, he says. Over time, he expects several thousand homes to be built this way, every year. (see P3). “It is one of the ways we can build the volume of homes, but also the quality — and ultimately, if we do it at scale, we can drive down costs.” At a huge development planned for Unitec at Waterview/Mt Albert, up to a third of the homes will be Kiwibuilt. But Collins holds a red light at Twyford’s bullish stance. The land at Unitec, she says, is low and sewage ends up in the creek. Construction of so many homes (at least 3000) won’t work until new pipes to the Mangere

Phil Twyford

Judith Collins

Wastewater Treatment Plant — at a cost of a billion dollars — for which the Government will have to pay (as Auckland Council has reached its debt ceiling) and that’s why a ‘toilet tax’ may happen. Collins reckons Unitec won’t happen for 10 years. Twyford denies this categorically. Negotiations are well down the track. “All development sites require water infrastructure to be built. This has nothing to do with the Central Interceptor project, which may involve a targeted rate as proposed by the former National government. This is a council project and they will make decisions on how it is funded.” ‘Property speculators’ should watch out from the Government’s new laws affecting those who buy and sell quickly or who try to use property ownership as a way of avoiding tax. It is part of a plan to take the edge off the next property boom. Twyford says that on the Government’s first anniversary, new laws will make it harder to buy and sell houses purely for profit. One measure is the increase of the Bright-line Test (capital gains tax) from two to five years. Second there is a law, before Parliament, to prevent investors from writing off a loss on a property to reduce tax elsewhere. Third is a law preventing non-residents from investing in existing homes. There may be further changes resulting from the Tax Working Group, he says. National opposes the legislation stopping foreign buyers. Collins says. “We are always short of capital in New Zealand.” She says stopping non-resident investors will make it worse, and already developers are hurting. Downtown apartment building has stalled because foreign buyers have “got the message” they’re not wanted and have stopped buying apartments off plans. She reckons this slump has been a factor in Fletcher Building exiting apartment construction. Twyford disagrees: “The law specifically gives foreign buyers the ability to sell a proportion of an apartment block off the plans. This law hasn’t taken effect.” Twyford says Housing NZ’s Mangere development, — alongside the planned airport light rail line — is the beginning of a legacy. “Mangere has begun. They are demolishing homes as we speak.” But Mangere may face a hurdle. Collins says a chunk of land — equivalent to about three sections — is privately owned. The Government can buy it under the Public Works Act, but starting work has pushed the value up. She reckons the Government should focus on East Tāmaki, a huge estate on valuable land. Is a year too early to say? It has yet to be seen if the Government’s programmes will match the quality standards of Hobsonville, a Twyford favourite. But any big engine is a slow starter and signs are it is slowly accelerating. The devil is always in detail.

Look to regions for growth Regions across the central and lower parts of the North Island continue to experience some of the highest rates of value growth. The latest qv.co.nz E-Valuer Quarterly Property Report show that the likes of Dannevirke, Featherston, Papakowhai, Ohakune, Taumarunui, Carterton and Springvale are leading the way in quarterly value growth to June, experiencing some of the greatest growth across the country outside of the Auckland region. Featherston stands out. The South Wairarapa town has experienced value growth of 62.9 per cent in the 24 months to June. Its median value is now $352,500. The whole region appeals to those seeking more space and a relaxed lifestyle, while still offering a doable daily commute into Wellington City. Kawerau is another example of a North Island provincial town experiencing notably strong value growth. The suburb has seen median values increase by 56.6 per cent in the two years to June. Much like Featherson, Kawerau benefits from

DATA REPORT RORY MILNE QV NATIONAL SPOKESPERSON

a relatively easy commute to Rotorua and Tauranga. There is also plenty of excitement around the local economy, with proposed developments including a new dairy processing facility, wood mill expansion and an inland container terminal. Heading north to Auckland, values continue to keep fairly flat or drop slightly. The top three suburbs in terms of value growth are: Wellsford, Chatswood and Windsor Park. These suburbs have all experienced quarterly growth between 2.3 and 3.4 per cent to June.

The North Island’s other main centre, Wellington, has experienced modest growth. It’s been a quiet market for the city’s high value suburbs although there are pockets of strong growth across the wider region. The three top suburbs for quarterly growth are Papakowhai, Woodridge and Hataitai. Papakowhai is typical of a suburb experiencing strong growth in the current climat. Its relative affordability appeals to first home buyers and it offers easy access to Porirua and Wellington City. Last but not least, the deep south. Grasmere, Waimate and Riverton lead the way in quarterly growth for the South Island. They have all experienced value growth between 3.8 and 5.7 per cent to June. Riverton, an attractive seaside town near Invercargill, still offers the ‘Kiwi dream’ of a bach with sea views for prices in between $300,000 to $500,000. Interestingly, many buyers are choosing this area after being priced out of the Queenstown Lakes and Central Otago markets.

September 3, 2018 | OneRoof.co.nz PROPERTY REPORT

Photo / Getty Images

Short-term hosts cop Council’s move to hit residential cottage industry with commercial area rates could shut door on owners’ sale plans, writes Diana Clement

housands of Auckland homeowners who let their properties online could find their homes impossible to sell at market value. Auckland Council is in the process of slapping commercial ratings and other additional charges on around 4000 Auckland homes let on the shortterm rental market. Should homeowners wish to sell their homes, commercial rates, which in some cases amount to more than $25,000 a year, will pass to the new owner. The reason for that, says Joanna Pidgeon, president of the Auckland District Law Society, is that when a property is sold, it is with its current rates. “If a purchaser is not carrying out that commercial rateable activity any longer, they can apply for the property to be re-rated, but that will only take effect from the next rating year,” says Pidgeon. Airbnb host and residential property investor Sian Draper says the move to commercially rate residential properties will lead to one of two scenarios for owners who need to sell: “Having to discount significantly the asking price for such properties and difficulty selling them; or the new owners facing an unfair (rates) burden.” Real estate agents are also watching the developments. Daniel Coulson, national residential manager at Bayleys, says commercial rating of homes will either have the effect of limiting the buyer pool, or affecting the amount buyers are willing to pay. Should the buyer be looking to carry on the same business in the property, it might not depress the value, says Coulson. But not all buyers are suited to or want to run commercial accommodation (or a business from home). It’s a view shared by Ashley Church, chief executive of the Property Institute of New Zealand. “If buying property as an investor you would absolutely expect a discount on the price relative to the full rates differential over what you would pay

on domestic property rates. That could be $20 grand. Any canny investor would expect a discount on the price.” Likewise, valuer Frank Spencer of Logan Stone says given two identical properties a purchaser would pay less for the one that was commercially rated. The situation was fixable at the end of the following year, so the discount in a perfect market would equate to the additional rates the new buyer was inheriting. Good agents would aim their marketing at buyers looking for an income, says Coulson. But commercial rates do limit the buying pool. Homeowners who let standalone properties, sleepouts and guest suites in their homes through online platforms including Airbnb, Bookabach, Bachcare, Booking.com and others started receiving letters from Auckland Council in June stating they would be charged commercial rates, plus an Accommodation Provider Targeted Rate (APTR) to fund Auckland Tourism, Events & Economic Development (ATEED). In addition, some have had parts of their homes reclassified as separately used or inhabited part of a rating units (SUIP). This attracts a third layer of additional council charges amounting to around $600 a year. Auckland Council says it has identified around 8000 standalone spaces let online that could be liable for the higher rates charges. It believes that around 4000 are letting for more than 28 nights a year and will, as a result, be charged. The new rates are set on a graduated scale, but once properties reach 180 visitor nights in the year full commercial rates apply, says Aaron Matich, principal adviser at Auckland Council. That’s regardless of how much the owner is earning a night. Airbnb listings that could fall under the commercial rates umbrella in Auckland if rented for more than 28 nights range in price from $30 a night up to $10,000 a night. So far 1200 letters have been sent out to owners. Those who replied are rated according to the number of nights and the percentage of the

Michael Barnett (left) has been approached by homeowners who fear they may lose their homes as a result of rates bills that have risen by several hundred per cent. Photo / Herald File

property being used for holiday rentals, says Matich. Owners who didn’t reply have been rated 100 per cent commercial for the entire property. The commercial rating applies only to homeowners who let out entire spaces, not rooms sharing facilities in their own home. However, Andrew Duncan, Auckland Council manager financial policy, says the council plans to commercially rate other properties running businesses from home, such as hairdressers and lawyers. This means that any home-based business including bed & breakfast rooms in houses could eventually face the same rating system, which is something hotel owners have been lobbying for. Council staff members who have fronted for the media on the issue believe the new system is “fair”. Council analysis shows it amounts to around $3 to $4 a night for some of the properties staff members have looked at, says Matich. Owners and the platforms they advertise on do not agree. Owners argue that renting a home to holidaymakers is little different to renting to long term tenants, but one is now rated as commercial and the other residential. Attempts by letting websites such as Bachcare to engage with Auckland Council have been unsuccessful. “We provided a submission and requested to be included in their public hearing,” says Leslie See next page

September 3, 2018 | OneRoof.co.nz PROPERTY REPORT

Rate rise risk for homeworkers By Diana Clement Thousands of Auckland homeowners who run businesses from home face commercial rating. While Auckland Council is currently seeking to identify more than 8000 properties being let on Airbnb, it has indicated that it will turn its attention to home-based businesses such as lawyer, hairdressers or any type of business run from home. In a written response, Andrew Duncan, Auckland Council manager financial policy, said that in regards to home-based businesses, the portion of the property that is used for the business will be charged commercial rates, while the rest will still be rated as residential. While the Airbnb and other online holiday rentals may be viewed as low hanging fruit to ramp up taxation, large numbers of Aucklanders work from home and could find themselves with the same dilemma. Their rates could be increased according to the portion of the improvements on the property that are being used for business purposes. “If there is a hairdressing salon in one of the garages, the council would charge business rates on the proportion of the value of the property we would attribute to the garage,” says Duncan. “If the house sold (the new owner) needs to pay (commercial rates) for the

Auckland Council will turn its attention to home-based businesses such as lawyers, hairdressers or any type of business and apply commercial rates. Photo / Getty Images

remainder of that year.” Airbnb host Ray Pitch points out that such a rating system of home-based businesses could see Auckland Council take the same approach to Trade Me as it has to Airbnb and other platforms, scouring the site looking for traders selling from home and then charge commercial rates. Currently, it’s rare to come across Auckland properties that have been commercially rated

because of home-based business, says Daniel Coulson, national residential manager at Bayleys. It could become more common if the council follows through with its plans and/or begins to chase other online providers letting rooms in their homes that are currently excluded from commercial rates to the chagrin of hotel and motel owners who claim they are competition.

brunt of rate pain Continued

Preston, of Bachcare. “No one from Council contacted us.” She says discussions Bachcare has had with council were “confusing, unclear, and inconsistent, and tend to change from week to week”. Bindi Norwell, chief executive at the Real Estate Institute (REINZ), says the issue highlights the importance of undertaking due diligence before buying a property and the importance of talking to a lawyer before signing a sales and purchase agreement. Michael Barnett, chief executive Auckland Chamber of Commerce, has come out batting for homeowners, calling the council’s moves “foolish”. Barnett has been approached by a number of homeowners who fear they may lose their homes as a result of rates bills that have escalated by several hundred per cent. In one case, rates jumped from $3000 to $25,000, because the homeowner was letting for more than 180 nights a year. The increase to the 80-year-old woman’s rates amounted to more than she had earned from Holidayhouses.co.nz in the entire year. On Airbnb, nightly charges for standalone spaces start from $30 a night in Auckland, with more than 300 charging less than $100 a night. Yet all are rated as if they were earning $213 a night. Barnett says he has spoken with a husband and wife in Ponsonby who were letting a room to help make ends meet, but now face losing their home of 50 years. “Do they want other people in their home? No. Do they want to stay in their home? Yes. But council’s latest tax grab (rates bill) means no.” Matich says anyone concerned that they have not been rated correctly should contact the council and will be reimbursed should it be incorrect. This may be relevant where the entire property has been rated commercial but only a portion of it is being let to short-tenants. Or they could have been rated as letting for more than 180 days a year when they had let for less. Pakuranga resident Ray Pitch was hit with a

Joanna Pidgeon, (left) president of the Auckland District Law Society, says if a purchaser is not carrying out commercial rateable activity any longer they can apply for the property to be re-rated, but that will only take effect from the next rating year.

triple whammy of commercial rates, APTR and additional charges for a portion of his basement that is now classified as a SUIP, thanks to having a microwave for guests to use. It could not be let as a residential tenancy. He worries that it may be impossible to have the SUIP classification removed from what is, in effect, a part of his main home. Many owners say they’re dammed if they do or if they don’t. Homeowners who first heard of the new rating in June are being charged as a result of their earnings from the previous year, which they say is retrospective. Even if they stop hosting immediately, they would still need to pay the commercial rates and other charges and should they want or need to sell it would be subject to commercial rating. Simply stopping letting now is not a case for reimbursement because homeowners are being rated on their activity for the previous year’s

Photo / Herald file

activity. Draper says home owners would have done things differently if they had known they would need to rent their home for a considerable period of the year simply to pay the rate increase. “They are now unable to change things and even if they cease their activity for the 2018 to 2019 rating year, they will still be liable to pay business rates and APTR for non-existent business activity, leaving them worse off than if they had not rented out their spaces.” Homeowners and many of the platforms they list on say they would be happy to pay a pass-through bed tax for each night of accommodation. However, that would require an amendment to the Local Government (Rating) Act 2002 and the council was not prepared to wait, says Pitch, who has removed his property from the Airbnb site. Bookabach and other platforms have also seen homeowners remove their properties. The worst hit by the charging that Miles describes as an “illfitting instrument” are not the minority who are out to maximise profit, but those in the marginal space who are looking to offset some of their expenses of owning a holiday home or home. Airbnb's head of public policy Australia and New Zealand Brent Thomas couldn’t provide numbers for those that had pulled out, but said his company’s priority was to educate its hosts about the new rates and their obligations. Homeowners caught by the new rating system have also faced a barrage on social media. The public believes Airbnb hosts are not paying tax, whereas they are liable for every cent of earnings.

September 3, 2018 | OneRoof.co.nz PROPERTY REPORT

Spend, spruce or suffice? There’s no magic formula when it comes to getting your house ready for the market, reports Donna Fleming

t’s a quandary many homeowners face when they decide to sell their house. Should they put their home on the market as is, flaws and all, or is it better to spend money making it more appealing to potential buyers, at the risk of overcapitalising? Unfortunately there’s no magic formula, says real estate agent Cathy Roselli. “It is not a case of telling people something like they should spend up to 10 per cent of the value of their home doing it up,” says Roselli, of Ray White in Auckland. “You can’t take the broad brush approach. It depends on the home itself and a variety of other factors, such as what the market is doing,” In her 28 years’ selling properties, she has come across many examples of people who’ve poured time, effort and money into sprucing up their home for sale, only to find themselves out of pocket because they haven’t recouped that outlay when the property sells. Then there are those who would have achieved a far better price — or not been left with a house languishing on the market — if they had just gone to the expense of carrying out a few crucial jobs. “The problem for many owners is that they don’t know which way to go. That’s why it’s important to get advice as soon as you start thinking about selling.” Unlike vendors, who tend to have strong feelings about their home, agents are able to look at the property from a dispassionate perspective. “When I first go into a home, I walk through looking at it objectively and seeing what potential purchasers will be looking at it,” says Roselli. “I’m looking for things that might distract people from buying it and that can be easily fixed.” For example, peeling paint will put people off, but it may be necessary only to remedy the affected areas, rather than painting the whole house. “In

A room helped by Karlek Interiors. How it started (below) and transformed (above). Photos / Supplied.

Awarded Bayleys Mount Albert #1 office salesperson 2017/18. We have 6 current opportunities from Epsom to West. Call our team of specialists now to hear about these properties or to get expert advice on getting your property sold.

A LT O G E T H E R B E T T E R

some cases, doing something like giving tired, dirty looking ceilings a fresh coat of paint can make a huge difference,” says Roselli. Major issues such as leaking ceilings should be dealt with — unless you’re selling the house as a doup — and a cardinal rule is to make sure your home is clean, tidy and clutter-free. “Less is always more,” she advises. One mistake vendors tend to make is getting carried away with extensive changes such as updating bathrooms and kitchens. “Putting in a new kitchen can be very expensive. But doing it might not make any difference to the price you get. Many buyers don’t mind kitchens that are old if they look loved and well-cared for. And there’s a chance they may want to put in their own kitchen, so you could be spending a fortune only for someone to pull it out.”

Pawel Smuga 021 043 7375

Jock Kooger 021 321 856

Roselli once advised a client whose kitchen was not in great shape to replace the cupboard doors but do nothing else. “They could have gone in and done the whole kitchen, but putting in new doors in place of ones that had been thrashed over the years was enough. It changed the whole look of the kitchen and it wasn’t expensive.” Bathrooms can also prove costly to updateand often making over the room from head-to-toe is overkill, says Abi Wisnewski-Khan of Karlek Interiors. Wisnewski-Khan’s business now includes making over homes to sell. Having done up and sold numerous homes, she has an eye for what puts buyers off, and what appeals to them. In one Auckland home she tackled, the owners were concerned that a bathroom with 1970s-style diagonal tongue-and-groove wooden panelling would distract from the rest of the house. But rather than advising them to rip out the wood, tile the room and put in new fittings, she suggested they instead draw people’s attention to a striking clawfoot bath. Other changes she made, including tidying the front garden and painting the front door and letterbox to give better curb appeal, contributed to it selling for $500,000 above the highest appraisal. She’s seen cases where people have fallen into the trap of thinking they need to make their homes perfect before putting them on the market. “They get on a treadmill where they fix or paint one thing and then, because they’ve done that, they think they need to do another. “Then the next thing you know, they’ve spent a fortune. It’s because they get emotional when it’s their house and they can’t stand back and see the big picture. “That’s where advice comes in useful.”

Rachel Ashton 021 022 44990

bayleys.co.nz

BAYLEYS REAL ESTATE LIMITED, LICENSED UNDER THE REA ACT 2008

Re s i d e n t i a l / Co mm erc i a l / R u ra l / Pro p e r t y S e rv i ce s

September 3, 2018 | OneRoof.co.nz PROPERTY REPORT

INDUSTRY ANALYSIS As told to Donna McIntyre

Market thaws as spring arrives Mike Bayley Managing director Bayleys Corporation

he two key indicators of residential property market activity — pricing levels and listing volumes — have drifted south in a state of mild sedation over the past few winter months. However, there is still activity in the market with serious and enthused vendors at the core of sales transactions. That’s good news for purchasers as they know the properties they are looking at are being marketed by vendors with genuine motivation. Deals are being done. Just at a slower rate compared to summer. It is important to note that while listing volumes may be down, we know anecdotally that sales figures — as a percentage of total listings — remain fairly similar throughout the year. No matter what season we are in, buyers are seeking homes year round. From a listings volume perspective, I believe the statusquo is likely to remain ‘as-is’ well into October — bearing in mind the spring selling period traditionally awakens a month earlier. More vendors are coming to the realisation that Auckland’s residential real estate market is in a new phase of the property cycle — a flat period of capital value growth which could set a trend through to 2020. Factors such as tighter loan-to-value lending policies from the banks, a flattening and easing of net migration numbers, tighter foreign investment regulations, extending the Brightline ownership timeline, and new Government regulations for investment property owners, have all been singular strands meshing together to make the rope that has reined in price rises.

Chris Kennedy CEO Harcourts

oving through the coldest months, we’ve seen good activity in the Auckland housing market as winter continues. From Harcourts statistics, we’ve recorded the average Auckland house price for July 2018 as $877,088. New listings in the city were up by an impressive 37.29 per cent compared to last year, from 472 to 648, indicating an uplift is in the air for the coming months. This increase will also reflect the hard work our network of agents in Auckland have done to ensure new opportunities are presented to potential buyers in the market. Auctions, too, have seen a notable increase of 21.81 per cent since July 2017. This is a positive sign that auctions remain as a valid and trusted way for properties to be sold. Harcourts has some of New Zealand’s best auctioneers so selling with us via auction is a great way to give yourself the edge when it comes to listing your property. To make the most of the market conditions, I’d advise sellers to make sure they are working closely with their sales consultant to create the best possible marketing campaign to connect them with the right buyers, for the best result. Those who have listed now will no doubt see that no matter what the weather is doing, people still need to move, whether it be for new jobs, for family reasons or just those with itchy feet. So, no matter what the season, there are always opportunities.

Peter Thompson Managing director Barfoot & Thompson

rom now until the end of the year, I anticipate the Auckland residential housing market to be active. There are three key reasons for this confidence. The first is the market has weathered the traditional autumn and winter downturn well. For the four months April through July the number of sales each month has been higher than the corresponding month in 2017, while average and median prices during these months showed limited movement*. The second is the number of properties for sale since April has been easing and at the start of August were at their lowest in 10 months. Thirdly, in its latest economic forecast, the Reserve Bank’s overview pointed to mortgage lending rates remaining at current levels through to at least 2020. While there has been some speculation that Auckland market prices may follow the example of Sydney, and fall, the Reserve Bank Governor made it clear that while such a trend was “possible” it was not what the bank was “anticipating”. Nor did he dismiss the possibility of prices rising. With housing choice tight, demand exceeding supply, stable mortgage rates and trading banks with mortgage money to lend, there is every reason to be positive about the prospects for housing for the remaining months of 2018. At current prices, vendors’ and buyers’ expectations are meeting. Unless there is a major change caused by external factors, it’s where prices are likely to stay for the remainder of the year. *Based on Barfoot & Thompson sales data.

Carey Smith Chief Executive Ray White NZ

he residential property market continues to show consistency in a period considered seasonal. Traditionally this is a period where national sales numbers are lower at approximately 6000-6500 a month. But when compared to the previous 12 months, numbers are slightly higher. Prices have increased by just over 3 per cent. The market has a degree of normality, with no changes expected regarding lending, property supply or buyer confidence. The new Government has not made the dramatic legislative changes around property that were expected. Legislation for overseas investment has been tabled but is is yet to be clarified. Other areas that were indicated have not come through, including capital gains and other property taxes. The Reserve Bank has held interest rates at low levels. While the LVR requirements remain, there is more requirement around disclosure regarding lending. This will not change the availability regarding property finance but there will be a tightening around information to be provided by the potential purchaser. The Auckland market is expected to have a surge of listings from September. Wellington remains tighter with lower stock levels and days on market being below the national average. Christchurch has a good supply of property. It’s the regions that have shown the greatest pricing increases for the past 12 months. As purchasers look for value, regional centres could experience ongoing shorter supply of property and price increases.

Barry Thom and Grant Lynch Unlimited Potential Real Estate

Keith Niederer General manager LJ Hooker & Harveys Group

he real estate market has returned to normal levels with a shortage of listings not just in Auckland but nationwide. In Auckland prices have remained steady with no real drop as costs of land and buildings increase and timeframes add up. Capital gain will be nominal if any in Auckland, with the regions possibly seeing more capital gain but not to the extent of the 2016/2017 market. The real estate market has been underpinned by the Reserve Bank decision to keep the official cash rate at a record low. In the bank’s monetary policy August 9 statement, the forecast for any OCR. increase was pushed out a year, implying a late 2020 lift. Two-year fixed mortgage rates remain below 5 per cent across major banks and this looks likely to continue. Homeowners set to renew their mortgage agreements in the coming months could benefit from even lower rates. A lot of families, whether they own their own home or rent, are hunkering down, living frugally and trying to save some money as confidence levels decline. This could mean more listings coming to the market in all suburbs as home owners trade down or move to more affordable regions. Whatever happens with the global economy will wash up on our shores. The auction method of sale is still a best option. The marketing elevates the property above the rest, with open home attendances often seeing more potential buyers through the door, offering the vendor more chances of a sale. A great result for all parties with the best possible price in the shortest possible time with the least amount of hassle.

pring is in the air and with it a sense of resurgence in the residential market. Since the election the market has undoubtedly slowed, for a range of reasons, not the least of which was a sense of uncertainty on the back of some fundamental changes. However, it would seem things are thawing out as we come out of a winter hibernation — activity is increasing into spring. We are already observing renewed competition for some properties. The potential grey cloud on volume and values is the impact of the Government’s Overseas Investment Bill. This controversial piece of legislation is designed to limit foreign buyers from purchasing Kiwi homes. The impact of this remains to be seen. In addition, our observation is that buyers are more cautious. This follows the banks seemingly taking a more conservative stance towards lending, often requiring more due diligence on particular property. As a heads up, we would advise those attempting renovation to ensure they have a permit and code of compliance certification on completion. There is no doubt there is a sensitivity and potential downside to any property that has a fault, either of the title or construction. Buyers will be encouraged by the unchanged OCR and, with it, indication that interest rates may hold to 2020. Similarly, sellers always feel better about listing their home as the garden bursts into spring flower. In short, we would expect an increase in sales activity and would also not be surprised if prices firmed on the back of this.

September 3, 2018 | OneRoof.co.nz PROPERTY REPORT

YOUR HOUSE VALUE A quarterly analysis of North Island property values

WHAT IS “E-VALUER”?

WHAT THE TABLES TELL YOU

E-Valuer is an estimate of market value and forms part of a QV.co.nz E-Valuer report. It is an automated model which provides an instant estimate of a property’s current market value based on recent sales of comparable properties in the immediate area and other factors. In the tables, an E-Valuer Report was run for each house in the suburb, and then a weighted average was calculated. The result is an average current value of all houses in the area. This may represent a more robust guide than median or average sale prices which measure only what happens to be selling in the area and can therefore be skewed, depending on which parts of the market is more active – the top or bottom end. Where there is insufﬁcient data to calculate enough E-Valuer Reports in an area, value is not shown. While CoreLogic has used reasonable endeavours to ensure the accuracy of the information, the accuracy of the data relied upon to assess the estimated value is not guaranteed.

The data for these tables is provided by CoreLogic and gives a comprehensive summary of actual house sale prices and volumes for the periods and areas listed. The North Island areas detailed generally have at least 500 houses, and sufﬁcient sales, to give meaningful results. Sections are excluded, as are mortgagee sales and “non-market” sales (such as sales to related parties and transfers to trusts). But ﬂats and apartments are included, and are now included in this issue.. Three-monthly median prices have been used to give greater depth and accuracy. They are a useful indicator of trends where the number of sales is high, but offer only a very rough guide in areas where sales are low. For

E-Valuer estimate of median value at 31JUL2018

E-Valuer estimate of median value at 30JUN2018

E-Valuer value change in 3 months to 30JUN2018

E-Valuer estimate of E-Valuer value E-Valuer estimate of median value at change in year median value at 30JUN2017 to 30JUN2018 30JUN2016

E-Valuer value change in 2 years to 30JUN2018

E-Valuer estimate of median value at market peak (31OCT2007)

smaller areas, they should be treated with caution. The average sales price compared to CV (capital value set for councils every three years which may be used as a basis to apportion rates) gives a general guide to what properties may sell relative to a reader’s own CV (which you will ﬁnd on your rates bill or council website). Negative values mean that on average properties are selling below their latest CV, while positive numbers mean they are selling above. Most CVs are set between July and September in the year given. The tables should be regarded as giving only broad indications of value. To determine market value of a particular property, visit QV.co.nz for the actual E-Valuer estimate and get advice from valuers and real estate agents.

E-Valuer value Sales price in 3 months to Median price in 3 months to Median price in 3 months to Median price in 3 months to Median price in 3 months to Median price in 3 months to Median price change since 31MAY2018 in relation to CV 31MAY2018 (no. of sales in 31MAR2018 (no. of sales in 30JUN2017 (no. of sales in 30JUN2016 (no. of sales in 30JUN2015 (no. of sales in change in 3 market peak (CV date in brackets) brackets) brackets) brackets) brackets) brackets) years to (31OCT2007) 30JUN2018

GREATER AUCKLAND RODNEY Arkles Bay Army Bay

$862,050

$863,700

-1.2%

$889,950

-2.9%

$803,800

7.5%

$531,200

62.6%

-3.6 % (2017 )

$743,000 (8 )

$672,000 (10 )

$697,000 (9 )

$755,000 (13 )

$596,500 (20 )

24.6%

$912,250

$918,450

1.4%

$923,050

-0.5%

$781,700

17.5%

$581,400

58.0%

-5.9 % (2017 )

$840,000 (7 )

$712,000 (6 )

$938,000 (7 )

$734,250 (8 )

$659,000 (13 )

27.5%

Gulf Harbour

$838,050

$831,300

-0.6%

$827,300

0.5%

$787,900

5.5%

$572,400

45.2%

0.1 % (2017 )

$765,000 (38 )

$794,000 (30 )

$770,000 (33 )

$766,500 (55 )

$657,000 (77 )

16.4%

Helensville

$694,250

$693,200

1.0%

$677,850

2.3%

$610,300

13.6%

$363,100

90.9%

-1.4 % (2017 )

$667,000 (9 )

$645,000 (17 )

$662,500 (14 )

$630,000 (23 )

$524,500 (24 )

27.2%

Manly

$900,550

$907,200

-2.5%

$907,550

0.0%

$859,750

5.5%

$570,700

59.0%

4.8 % (2017 )

$833,500 (20 )

$695,350 (27 )

$804,750 (28 )

$746,000 (27 )

$642,250 (44 )

29.8%

Ōmaha

$1,691,800

$1,688,400

-2.9%

$1,597,200

5.7%

$1,348,900

25.2%

$1,016,900

66.0%

8.0 % (2017 )

$1,470,000 (10 )

$1,495,000 (8 )

$1,461,500 (14 )

$984,000 (10 )

$1,107,000 (21 )

32.8%

Ōrewa

$915,100

$920,800

-0.4%

$925,350

-0.5%

$877,650

4.9%

$562,300

63.8%

-0.4 % (2017 )

$925,000 (60 )

$920,000 (65 )

$955,000 (72 )

$850,000 (99 )

$786,000 (113 )

17.7%

Red Beach

$924,650

$930,400

-2.2%

$952,050

-2.3%

$898,000

3.6%

$573,800

62.1%

-1.1 % (2017 )

$967,000 (37 )

$967,000 (43 )

$832,000 (32 )

$779,000 (45 )

$720,500 (50 )

34.2%

Silverdale

$1,131,600

$1,134,300

0.0%

$1,148,150

-1.2%

$1,097,050

3.4%

N/A

-2.1 % (2017 )

$1,085,000 (55 )

$1,065,000 (43 )

$1,113,000 (60 )

$1,122,500 (54 )

$940,000 (101 )

15.4%

Snells Beach

$785,250

$788,250

-0.6%

$777,750

1.4%

$722,300

9.1%

$528,300

49.2%

0.7 % (2017 )

$816,000 (20 )

$772,000 (28 )

$685,000 (20 )

$690,250 (20 )

$513,500 (29 )

58.9%

Stanmore Bay

$852,050

$851,150

-1.0%

$858,200

-0.8%

$791,400

7.5%

$513,700

65.7%

0.0 % (2017 )

$728,000 (52 )

$717,000 (43 )

$767,500 (52 )

$689,000 (44 )

$629,000 (95 )

15.7%

Warkworth

$769,250

$776,450

1.2%

$762,150

1.9%

$703,850

10.3%

$492,200

57.8%

2.6 % (2017 )

$713,000 (26 )

$659,500 (24 )

$734,000 (35 )

$701,000 (46 )

$570,500 (44 )

25.0%

Wellsford

$536,600

$540,700

3.4%

$527,800

2.4%

$476,200

13.5%

$314,600

71.9%

4.2 % (2017 )

$512,000 (15 )

$473,000 (5 )

$534,500 (12 )

$463,500 (26 )

$379,000 (22 )

35.1%

NORTH SHORE Albany

$967,300

$973,550

-1.1%

$960,200

1.4%

$922,350

5.6%

$558,800

74.2%

3.2 % (2017 )

$895,000 (37 )

$770,000 (21 )

$1,013,500 (40 )

$1,045,000 (54 )

$729,000 (77 )

22.8%

Bayswater

$1,404,150

$1,416,700

-1.1%

$1,366,650

3.7%

$1,352,000

4.8%

$747,200

89.6%

0.2 % (2017 )

$1,213,000 (9 )

$1,353,000 (8 )

$1,295,000 (13 )

$1,198,000 (14 )

$1,239,000 (21 )

-2.1%

Bayview

$837,750

$840,400

-0.3%

$835,800

0.6%

$820,600

2.4%

$430,600

95.2%

-0.4 % (2017 )

$725,500 (34 )

$772,000 (31 )

$760,000 (35 )

$809,500 (48 )

$668,500 (50 )

8.5%

Beach Haven

$881,800

$887,600

-0.3%

$872,650

1.7%

$854,900

3.8%

$451,700

96.5%

2.4 % (2017 )

$814,500 (46 )

$783,000 (46 )

$793,500 (44 )

$799,500 (64 )

$674,000 (70 )

20.8%

Belmont

$1,197,600

$1,212,450

-1.9%

$1,179,350

2.8%

$1,150,400

5.4%

$604,700

100.5%

5.5 % (2017 )

$1,092,000 (13 )

$1,229,000 (6 )

$1,000,000 (15 )

$1,170,000 (27 )

$1,086,000 (15 )

0.6%

Birkdale

$794,200

$792,150

0.4%

$789,700

0.3%

$768,900

3.0%

$397,100

99.5%

-0.3 % (2017 )

$751,050 (38 )

$794,500 (42 )

$774,000 (47 )

$777,000 (61 )

$673,000 (58 )

11.6%

Birkenhead

$1,072,800

$1,076,250

-0.1%

$1,058,050

1.7%

$1,025,150

5.0%

$565,700

90.3%

3.4 % (2017 )

$862,750 (30 )

$916,000 (22 )

$944,500 (45 )

$1,095,000 (52 )

$837,500 (68 )

3.0%

Browns Bay

$1,038,100

$1,040,350

-0.3%

$1,037,250

0.3%

$1,033,850

0.6%

$543,700

91.3%

-1.6 % (2017 )

$957,000 (50 )

$1,001,500 (44 )

$910,000 (41 )

$942,000 (76 )

$814,000 (97 )

17.6%

Campbells Bay

$2,025,500

$2,024,850

-1.2%

$1,995,350

1.5%

$1,789,900

13.1%

$1,028,600

96.9%

2.4 % (2017 )

$2,000,000 (6 )

$2,067,775 (8 )

$1,643,000 (9 )

$2,150,000 (19 )

$1,427,000 (28 )

40.2%

Castor Bay

$1,668,500

$1,682,350

-1.1%

$1,630,900

3.2%

$1,600,450

5.1%

$940,500

78.9%

2.1 % (2017 )

$1,710,000 (13 )

$1,310,000 (13 )

$1,302,000 (25 )

$1,480,000 (33 )

$1,308,250 (36 )

30.7%

Chatswood

$1,262,350

$1,280,900

2.8%

$1,281,800

-0.1%

$1,197,100

7.0%

$671,800

90.7%

0.8 % (2017 )

$1,360,000 (11 )

$1,165,000 (13 )

$1,260,000 (7 )

$1,147,000 (11 )

$1,077,000 (18 )

26.3%

Devonport

$1,734,800

$1,734,850

-0.3%

$1,701,700

1.9%

$1,661,100

4.4%

$951,700

82.3%

4.3 % (2017 )

$1,905,000 (20 )

$1,515,000 (23 )

$1,489,000 (33 )

$1,487,500 (38 )

$1,482,000 (35 )

28.5%

Fairview Heights

$1,422,200

$1,435,850

0.8%

$1,382,250

3.9%

$1,345,600

6.7%

N/A

6.0 % (2017 )

$1,441,000 (9 )

$1,325,500 (6 )

$1,370,400 (8 )

$1,391,000 (22 )

$1,139,000 (25 )

26.5%

Forrest Hill

$1,177,950

$1,177,650

-5.0%

$1,213,900

-3.0%

$1,172,450

0.4%

$551,200

113.7%

-4.1 % (2017 )

$1,045,500 (30 )

$1,246,000 (25 )

$1,110,000 (25 )

$1,042,000 (47 )

$1,024,000 (69 )

2.1%

Glenfield

$872,000

$875,200

0.2%

$867,200

0.9%

$868,350

0.8%

$429,700

103.7%

-1.1 % (2017 )

$788,800 (66 )

$835,000 (65 )

$854,000 (67 )

$840,000 (107 )

$747,000 (117 )

5.6%

Greenhithe

$1,446,550

$1,443,300

-1.7%

$1,439,700

0.3%

$1,371,150

5.3%

$774,600

86.3%

2.1 % (2017 )

$1,327,500 (28 )

$1,340,000 (28 )

$1,385,000 (31 )

$1,287,500 (46 )

$1,105,000 (71 )

20.1%

Hauraki

$1,540,000

$1,546,050

-1.7%

$1,551,450

-0.3%

$1,445,450

7.0%

$768,400

101.2%

1.6 % (2017 )

$1,262,000 (17 )

$1,308,000 (26 )

$1,429,500 (22 )

$1,432,000 (25 )

$1,340,000 (25 )

-5.8%

Hillcrest

$1,021,300

$1,031,500

-0.3%

$1,016,700

1.5%

$1,034,850

-0.3%

$490,500

110.3%

-1.5 % (2017 )

$945,500 (46 )

$860,000 (37 )

$999,000 (36 )

$987,000 (57 )

$864,000 (53 )

9.4%

Mairangi Bay

$1,547,100

$1,549,500

0.3%

$1,520,050

1.9%

$1,447,900

7.0%

$746,200

107.7%

2.0 % (2017 )

$1,622,500 (20 )

$1,622,000 (17 )

$1,430,000 (24 )

$1,444,000 (29 )

$1,312,000 (36 )

23.7%

Milford

$1,457,900

$1,458,100

-0.7%

$1,445,150

0.9%

$1,352,300

7.8%

$755,700

92.9%

-4.0 % (2017 )

$972,000 (25 )

$1,083,000 (35 )

$1,245,000 (41 )

$1,274,000 (41 )

$1,067,000 (77 )

-8.9%

Murrays Bay

$1,520,800

$1,536,250

-2.1%

$1,521,100

1.0%

$1,460,050

5.2%

$789,200

94.7%

1.6 % (2017 )

$1,399,500 (17 )

$1,358,750 (12 )

$1,600,000 (12 )

$1,347,000 (21 )

$1,191,500 (34 )

17.5%

Narrow Neck

$1,574,400

$1,594,950

-0.3%

$1,583,450

0.7%

$1,502,950

6.1%

$843,500

89.1%

0.9 % (2017 )

$1,344,000 (9 )

$1,395,000 (8 )

$1,040,500 (8 )

$1,322,000 (15 )

$1,222,000 (19 )

10.0%

Northcote

$1,074,250

$1,074,850

-1.6%

$1,083,900

-0.8%

$1,057,600

1.6%

$545,200

97.1%

-3.1 % (2017 )

$835,750 (18 )

$879,500 (14 )

$957,000 (19 )

$1,159,500 (30 )

$974,500 (46 )

-14.2%

Northcote Point

$1,428,000

$1,426,400

-0.3%

$1,397,450

2.1%

$1,357,450

5.1%

$738,300

93.2%

5.7 % (2017 )

$1,349,500 (10 )

$1,198,000 (9 )

$1,487,000 (11 )

$1,254,000 (19 )

$1,317,500 (14 )

2.4%

Northcross

$1,117,500

$1,121,300

-0.5%

$1,111,350

0.9%

$1,075,050

4.3%

$567,600

97.6%

-3.7 % (2017 )

$949,500 (14 )

$1,060,000 (12 )

$907,000 (13 )

$1,124,500 (26 )

$941,000 (21 )

0.9% 36.2%

Oteha

$958,300

$965,550

0.5%

$924,400

4.5%

$878,850

9.9%

$497,800

94.0%

3.2 % (2017 )

$931,500 (36 )

$842,000 (31 )

$990,900 (24 )

$835,000 (33 )

$684,000 (39 )

Pinehill

$1,376,400

$1,385,250

-0.2%

$1,383,500

0.1%

$1,334,650

3.8%

$733,900

88.8%

-1.7 % (2017 )

$1,405,000 (11 )

$1,685,000 (8 )

$1,446,000 (9 )

$1,445,000 (15 )

$1,330,000 (16 )

5.6%

Rothesay Bay

$1,387,750

$1,396,450

-1.2%

$1,367,450

2.1%

$1,365,650

2.3%

$738,500

89.1%

0.8 % (2017 )

$1,178,750 (12 )

$1,233,000 (12 )

$1,302,000 (17 )

$1,251,000 (22 )

$1,046,000 (25 )

12.7% 10.3%

Schnapper Rock

$1,402,200

$1,377,300

-1.7%

$1,438,850

-4.3%

$1,346,850

2.3%

$793,400

73.6%

-8.2 % (2017 )

$1,255,000 (13 )

$1,310,500 (9 )

$1,417,500 (12 )

$1,387,500 (16 )

$1,137,500 (36 )

Stanley Point

$2,045,650

$2,039,700

0.7%

$1,987,350

2.6%

$1,896,350

7.6%

$1,114,200

83.1%

5.7 % (2017 )

$1,512,000 (9 )

$1,750,000 (7 )

$2,546,000 (2 )

$1,881,500 (3 )

$1,402,500 (12 )

7.8%

Sunnynook

$978,850

$984,600

-3.9%

$1,007,850

-2.3%

$984,200

0.0%

$473,900

107.8%

-4.7 % (2017 )

$929,250 (12 )

$1,115,500 (10 )

$1,022,000 (17 )

$874,000 (25 )

$894,000 (35 )

3.9%

Takapuna

$1,746,300

$1,742,600

-2.0%

$1,753,700

-0.6%

$1,570,150

11.0%

$934,700

86.4%

2.0 % (2017 )

$1,054,000 (31 )

$1,287,000 (30 )

$1,425,000 (33 )

$1,862,500 (36 )

$1,288,500 (64 )

-18.2%

Torbay

$1,035,850

$1,034,250

-0.5%

$1,042,350

-0.8%

$1,012,550

2.1%

$554,300

86.6%

-1.5 % (2017 )

$1,025,000 (52 )

$996,500 (46 )

$924,000 (53 )

$937,000 (86 )

$838,800 (118 )

22.2%

Totara Vale

$864,450

$868,100

-1.3%

$882,050

-1.6%

$821,900

5.6%

$432,700

100.6%

-4.5 % (2017 )

$806,250 (26 )

$817,000 (21 )

$768,500 (26 )

$710,500 (29 )

$743,000 (46 )

8.5%

Unsworth Heights

$974,550

$978,400

-0.2%

$984,400

-0.6%

$944,300

3.6%

$533,000

83.6%

-0.4 % (2017 )

$915,000 (21 )

$917,800 (19 )

$869,000 (17 )

$950,800 (29 )

$838,500 (32 )

9.1%

Waiake

$1,354,900

$1,388,050

-3.5%

$1,375,900

0.9%

$1,333,000

4.1%

$818,500

69.6%

-1.8 % (2017 )

$1,009,500 (8 )

$1,112,000 (5 )

$1,143,500 (6 )

$1,269,000 (7 )

$1,192,000 (11 )

-15.3%

Windsor Park

$1,198,800

$1,208,300

2.3%

$1,196,100

1.0%

$1,082,500

11.6%

$583,900

106.9%

6.6 % (2017 )

$1,095,000 (5 )

$1,046,000 (3 )

$891,000 (6 )

$911,000 (8 )

$1,367,000 (7 )

-19.9%

WAITAKERE Glen Eden

$723,800

$727,100

0.8%

$730,000

-0.4%

$710,600

2.3%

$359,000

102.5%

-0.8 % (2017 )

$714,000 (70 )

$683,000 (84 )

$704,000 (73 )

$680,500 (112 )

$602,000 (114 )

18.6%

Glendene

$754,550

$756,700

-0.6%

$765,850

-1.2%

$747,300

1.3%

$388,600

94.7%

-2.8 % (2017 )

$723,000 (26 )

$727,000 (27 )

$743,000 (18 )

$748,000 (38 )

$623,000 (44 )

16.1%

Smart property decisions start here

September 3, 2018 | OneRoof.co.nz PROPERTY REPORT E-Valuer estimate of median value at 31JUL2018

E-Valuer estimate of median value at 30JUN2018

E-Valuer value change in 3 months to 30JUN2018

E-Valuer estimate of E-Valuer value E-Valuer estimate of median value at change in year median value at 30JUN2017 to 30JUN2018 30JUN2016

E-Valuer value change in 2 years to 30JUN2018

E-Valuer estimate of median value at market peak (31OCT2007)

Green Bay

$906,000

$911,700

-0.9%

$926,050

-1.5%

$873,100

4.4%

$471,300

93.4%

0.5 % (2017 )

$794,500 (6 )

$880,000 (7 )

$932,000 (8 )

$854,500 (20 )

$722,000 (15 )

10.0%

Henderson

$773,900

$774,100

-0.2%

$775,150

-0.1%

$757,400

2.2%

$401,800

92.7%

-0.1 % (2017 )

$726,000 (130 )

$714,000 (123 )

$722,900 (126 )

$760,000 (195 )

$630,000 (220 )

15.2%

Hobsonville

$922,800

$926,950

-2.4%

$940,100

-1.4%

$875,050

5.9%

$511,000

81.4%

-2.8 % (2017 )

$913,050 (78 )

$924,444 (64 )

$925,500 (58 )

$904,500 (102 )

$779,500 (86 )

17.1%

Kelston

$717,750

$715,900

-3.2%

$734,000

-2.5%

$717,200

-0.2%

$341,600

109.6%

-3.2 % (2017 )

$674,000 (13 )

$682,000 (6 )

$716,000 (10 )

$684,000 (27 )

$635,000 (25 )

6.1%

Laingholm

$826,250

$823,550

0.0%

$857,450

-4.0%

$762,550

8.0%

$495,300

66.3%

-1.3 % (2017 )

$904,500 (6 )

$870,000 (11 )

$736,150 (7 )

$847,000 (7 )

$635,000 (5 )

42.4%

Massey

$761,700

$760,250

-0.2%

$761,400

-0.2%

$736,700

3.2%

$382,900

98.6%

0.4 % (2017 )

$714,500 (103 )

$706,500 (94 )

$727,450 (90 )

$695,500 (148 )

$631,500 (172 )

13.1%

New Lynn

$748,050

$748,500

-1.5%

$759,350

-1.4%

$732,150

2.2%

$352,700

112.2%

-1.2 % (2017 )

$698,000 (68 )

$700,100 (61 )

$702,000 (57 )

$723,000 (96 )

$544,000 (128 )

28.3%

Piha

$1,035,300

$1,040,100

-0.3%

$999,100

4.1%

$947,950

9.7%

$768,700

35.3%

11.9 % (2017 )

$1,277,000 (5 )

$1,065,000 (5 )

$672,500 (6 )

$743,500 (6 )

71.8%

Rānui

$709,650

$707,500

-0.5%

$708,450

-0.1%

$672,750

5.2%

$346,500

104.2%

-1.5 % (2017 )

$685,500 (40 )

$666,500 (48 )

$673,000 (47 )

$663,000 (73 )

$554,500 (68 )

23.6% 26.3%

Sunnyvale

$744,150

$736,900

0.0%

$731,800

0.7%

$705,400

4.5%

$369,600

99.4%

1.5 % (2017 )

$697,000 (32 )

$707,000 (29 )

$716,000 (21 )

$664,000 (29 )

$552,000 (39 )

Swanson

$843,200

$843,400

-0.6%

$842,450

0.1%

$800,050

5.4%

$460,800

83.0%

3.2 % (2017 )

$821,250 (18 )

$802,500 (25 )

$792,000 (23 )

$800,000 (29 )

$633,000 (19 )

29.7%

Te Atatū Peninsula˘

$963,850

$964,150

-1.1%

$962,750

0.1%

$939,700

2.6%

$457,600

110.7%

-1.5 % (2017 )

$944,000 (46 )

$1,004,500 (48 )

$907,000 (43 )

$953,000 (79 )

$767,500 (52 )

23.0%

Te Atatū South

$816,750

$811,600

-0.7%

$821,350

-1.2%

$812,650

-0.1%

$404,600

100.6%

-1.8 % (2017 )

$745,000 (59 )

$714,000 (60 )

$772,000 (57 )

$742,000 (81 )

$684,500 (86 )

8.8%

Titirangi

$942,700

$944,200

0.4%

$937,400

0.7%

$901,950

4.7%

$520,900

81.3%

1.4 % (2017 )

$858,000 (56 )

$891,000 (48 )

$821,500 (59 )

$850,000 (61 )

$773,500 (88 )

10.9%

West Harbour

$1,010,800

$1,009,900

-3.5%

$1,024,450

-1.4%

$997,700

1.2%

$546,400

84.8%

-2.6 % (2017 )

$987,000 (26 )

$1,064,000 (28 )

$869,000 (35 )

$966,500 (48 )

$845,800 (69 )

16.7%

AUCKLAND Auckland Central Avondale

$540,500

$542,050 $842,200

0.7% 0.0%

$529,500

2.4%

$281,800

2.4 % (2017 )

$842,000 (56 )

$803,000 (83 )

$382,750 (434 ) $676,000 (105 )

13.9%

$405,200

$455,000 (235 ) $787,000 (43 )

$418,500 (392 )

3.1%

$436,000 (285 ) $759,000 (55 )

$459,000 (280 )

0.9%

92.4% 107.8%

-3.4 % (2017 )

$834,850

$488,050 $817,250

11.1%

$837,950

Blockhouse Bay

$987,650

$993,700

0.7%

$990,950

0.3%

$972,200

2.2%

$475,000

109.2%

-2.1 % (2017 )

$866,000 (32 )

$823,500 (26 )

$999,000 (28 )

$899,000 (60 )

$852,000 (69 )

1.6%

Eden Terrace

$685,750

$682,750

-1.2%

$675,200

1.1%

$635,850

7.4%

$361,500

88.9%

3.4 % (2017 )

$672,000 (25 )

$557,500 (26 )

$619,500 (20 )

$577,500 (38 )

$467,000 (35 )

43.9%

Ellerslie

$1,050,300

$1,047,700

0.4%

$1,031,450

1.6%

$995,800

5.2%

$490,000

113.8%

0.5 % (2017 )

$893,000 (35 )

$1,067,000 (31 )

$901,000 (40 )

$887,000 (47 )

$842,000 (63 )

6.1%

Epsom

$1,861,150

$1,866,600

-0.5%

$1,889,300

-1.2%

$1,801,450

3.6%

$908,100

105.6%

-4.6 % (2017 )

$1,537,000 (43 )

$1,716,500 (36 )

$1,766,500 (58 )

$1,795,000 (67 )

$1,320,000 (91 )

16.4%

Freemans Bay

$1,299,600

$1,298,750

-1.3%

$1,287,150

0.9%

$1,275,000

1.9%

$683,900

89.9%

1.9 % (2017 )

$932,750 (26 )

$1,273,000 (23 )

$1,343,000 (29 )

$1,080,000 (51 )

$1,257,500 (28 )

-25.8%

Glen Innes

$983,950

$978,700

-2.1%

$980,250

-0.2%

$928,000

5.5%

$418,500

133.9%

-1.1 % (2017 )

$905,000 (24 )

$905,000 (15 )

$1,137,000 (25 )

$1,058,000 (21 )

$905,000 (27 )

0.0%

Glendowie

$1,684,950 $563,050

$1,698,800 $564,000

0.2% -1.2%

$1,730,000 $546,900

-1.8% 3.1%

$1,563,900 $527,100

8.6% 7.0%

$817,800 $317,900

107.7% 77.4%

2.3 % (2017 ) 2.7 % (2017 )

$1,530,000 (29 ) $533,000 (20 )

$1,518,000 (23 ) $472,000 (27 )

$1,519,000 (28 ) $492,000 (35 )

$1,485,000 (43 ) $714,663 (24 )

$1,180,500 (34 ) $507,000 (48 )

29.6% 5.1%

Greenlane

$1,485,450

$1,484,850

1.2%

$1,503,550

-1.2%

$1,450,450

2.4%

$725,100

104.8%

0.0 % (2017 )

$1,339,000 (20 )

$1,259,594 (14 )

$1,506,000 (22 )

$1,327,500 (34 )

$1,189,500 (40 )

12.6%

Grey Lynn

$1,400,350

$1,422,450

1.3%

$1,403,700

1.3%

$1,308,150

8.7%

$654,100

117.5%

0.7 % (2017 )

$1,322,500 (42 )

$1,513,500 (38 )

$1,432,000 (73 )

$1,180,000 (69 )

$932,000 (77 )

41.9%

Herne Bay

$2,636,600

$2,621,400

-0.8%

$2,588,300

1.3%

$2,297,450

14.1%

$1,466,000

78.8%

4.3 % (2017 )

$1,350,000 (17 )

$1,604,000 (9 )

$1,445,000 (21 )

$2,120,000 (16 )

$1,935,000 (25 )

-30.2%

Hillsborough

$1,119,750

$1,118,400

0.0%

$1,116,000

0.2%

$1,095,150

2.1%

$580,000

92.8%

-5.5 % (2017 )

$936,500 (16 )

$1,089,000 (17 )

$875,000 (13 )

$968,000 (36 )

$939,180 (33 )

-0.3%

Kingsland

$1,141,350

$1,141,800

-0.7%

$1,122,950

1.7%

$1,145,750

-0.3%

$538,300

112.1%

-2.0 % (2017 )

$1,344,000 (8 )

$1,392,000 (3 )

$1,172,000 (12 )

$870,000 (13 )

$592,000 (27 )

127.0%

Grafton

12.3%

Kohimarama

$1,761,350

$1,767,900

0.2%

$1,766,950

0.1%

$1,641,200

7.7%

$934,600

89.2%

2.1 % (2017 )

$1,440,000 (20 )

$1,440,000 (15 )

$1,595,000 (44 )

$1,682,000 (32 )

$1,455,000 (31 )

-1.0%

Lynfield

$1,071,400

$1,069,450

-0.9%

$1,053,800

1.5%

$1,026,950

4.1%

$542,100

97.3%

1.5 % (2017 )

$875,000 (13 )

$897,000 (8 )

$943,000 (10 )

$814,000 (14 )

$787,000 (18 )

11.2%

Meadowbank

$1,330,350

$1,333,600

1.0%

$1,334,950

-0.1%

$1,271,600

4.9%

$606,600

119.8%

-0.2 % (2017 )

$1,271,500 (20 )

$1,395,000 (15 )

$1,229,500 (22 )

$1,435,000 (21 )

$1,161,500 (30 )

9.5%

Mission Bay

$1,860,300

$1,863,350

-0.7%

$1,878,300

-0.8%

$1,654,450

12.6%

$948,500

96.5%

1.2 % (2017 )

$1,955,000 (12 )

$1,617,000 (7 )

$1,290,000 (12 )

$1,866,000 (28 )

$1,205,000 (28 )

62.2%

Morningside

$1,061,450

$1,060,600

0.3%

$1,046,350

1.4%

$1,052,100

0.8%

$507,900

108.8%

-2.4 % (2017 )

$756,000 (17 )

$726,500 (12 )

$712,000 (23 )

$693,000 (21 )

$525,000 (19 )

44.0%

Mount Albert

$1,114,600

$1,115,200

0.3%

$1,102,650

1.1%

$1,079,800

3.3%

$517,900

115.3%

-0.5 % (2017 )

$893,000 (63 )

$1,029,000 (47 )

$989,000 (63 )

$943,000 (83 )

$955,000 (81 )

-6.5%

Mount Eden

$1,435,450

$1,444,750

-0.7%

$1,436,150

0.6%

$1,395,950

3.5%

$688,600

109.8%

-0.7 % (2017 )

$1,220,000 (91 )

$1,197,250 (70 )

$1,217,000 (77 )

$1,311,000 (102 )

$784,029 (131 )

55.6%

Mount Roskill

$983,800

$980,550

-1.0%

$969,900

1.1%

$960,150

2.1%

$475,700

106.1%

-2.9 % (2017 )

$926,000 (64 )

$937,250 (64 )

$884,000 (61 )

$874,000 (109 )

$897,500 (114 )

3.2%

Mount Wellington

$797,300

$795,700

-0.4%

$791,000

0.6%

$776,800

2.4%

$385,800

106.2%

-1.6 % (2017 )

$774,000 (81 )

$740,000 (81 )

$697,500 (80 )

$714,000 (121 )

$634,000 (131 )

22.1%

New Windsor

$977,150

$990,400

-0.9%

$986,200

0.4%

$984,000

0.7%

$458,400

116.1%

-3.3 % (2017 )

$915,000 (11 )

$925,000 (11 )

$1,008,000 (12 )

$985,750 (18 )

$883,000 (31 )

3.6%

Newmarket

$795,300

$790,750

-0.4%

$789,050

0.2%

$723,700

9.3%

N/A

4.7 % (2017 )

$741,000 (15 )

$857,500 (20 )

$654,000 (10 )

$652,000 (4 )

$667,500 (24 )

11.0%

One Tree Hill

$1,087,300

$1,085,750

1.4%

$1,079,400

0.6%

$1,053,050

3.1%

$520,500

108.6%

2.2 % (2017 )

$916,500 (16 )

$1,129,500 (16 )

$1,107,000 (17 )

$926,500 (18 )

$927,000 (22 )

-1.1%

Onehunga

$948,100

$941,900

1.2%

$933,600

0.9%

$911,050

3.4%

$464,300

102.9%

2.9 % (2017 )

$828,000 (57 )

$828,000 (45 )

$768,450 (72 )

$928,000 (80 )

$718,000 (109 )

15.3%

Oneroa

$1,435,600

$1,426,800

-1.6%

$1,409,950

1.2%

$1,147,550

24.3%

$688,100

107.4%

-2.8 % (2017 )

$988,000 (13 )

$1,022,000 (15 )

$1,090,000 (16 )

$1,044,500 (28 )

$730,000 (23 )

35.3%

Onetangi

$1,427,650

$1,433,800

0.4%

$1,407,250

1.9%

$1,140,600

25.7%

$739,500

93.9%

3.4 % (2017 )

$1,058,000 (5 )

$825,000 (7 )

$1,197,000 (7 )

$767,000 (14 )

$673,000 (17 )

57.2%

Ōrākei

$1,915,500

$1,935,600

0.0%

$1,899,850

1.9%

$1,696,050

14.1%

$988,300

95.9%

-1.6 % (2017 )

$1,430,000 (20 )

$1,804,750 (8 )

$2,000,000 (23 )

$1,419,000 (29 )

$1,384,000 (28 )

3.3%

Ostend

$963,500

$955,650

-0.6%

$947,950

0.8%

$853,350

12.0%

$515,500

85.4%

-0.3 % (2017 )

$761,000 (6 )

$1,035,000 (9 )

$816,500 (8 )

$823,500 (16 )

$651,000 (14 )

16.9%

Ōtāhūhū

$631,150

$635,350

0.7%

$622,100

2.1%

$604,750

5.1%

$298,700

112.7%

3.4 % (2017 )

$532,000 (23 )

$624,000 (19 )

$645,000 (31 )

$617,000 (50 )

$564,000 (53 )

-5.7%

Panmure

$821,050

$825,000

-0.2%

$804,800

2.5%

$809,300

1.9%

$403,300

104.6%

2.4 % (2017 )

$849,500 (18 )

$867,500 (14 )

$780,000 (22 )

$764,000 (27 )

$718,500 (30 )

18.2%

Parnell

$1,654,150

$1,656,300

-1.7%

$1,665,800

-0.6%

$1,518,800

9.1%

$915,800

80.9%

-2.4 % (2017 )

$1,508,500 (22 )

$1,797,000 (23 )

$1,483,500 (40 )

$1,100,000 (44 )

$1,287,000 (67 )

17.2%

Point Chevalier

$1,488,550

$1,499,050

0.9%

$1,456,900

2.9%

$1,380,800

8.6%

$667,500

124.6%

1.0 % (2017 )

$1,249,500 (29 )

$1,288,000 (27 )

$1,258,500 (30 )

$1,260,000 (35 )

$1,057,000 (31 )

18.2%

Point England

$923,000

$922,750

-1.8%

$919,650

0.3%

$890,100

3.7%

$397,500

132.1%

-1.2 % (2017 )

$819,500 (4 )

$852,000 (4 )

$822,000 (9 )

$772,000 (13 )

$848,500 (10 )

-3.4%

Ponsonby

$1,765,400

$1,784,900

-1.7%

$1,777,350

0.4%

$1,670,500

6.8%

$853,500

109.1%

-0.4 % (2017 )

$1,745,000 (15 )

$1,751,000 (18 )

$2,206,000 (26 )

$1,623,500 (32 )

$1,520,000 (35 )

14.8%

Remuera

$2,082,300

$2,093,250

-0.1%

$2,114,400

-1.0%

$1,902,800

10.0%

$1,058,800

97.7%

-1.6 % (2017 )

$1,613,444 (90 )

$1,573,000 (73 )

$1,889,000 (126 )

$1,637,000 (161 )

$1,657,000 (171 )

-2.6%

Royal Oak

$1,148,800

$1,147,300

0.5%

$1,159,700

-1.1%

$1,102,950

4.0%

$561,700

104.3%

-4.9 % (2017 )

$1,095,897 (16 )

$1,098,500 (20 )

$1,145,000 (15 )

$1,093,500 (20 )

$1,088,500 (32 )

0.7%

Saint Johns

$1,222,400

$1,232,750

0.3%

$1,232,800

0.0%

$1,131,100

9.0%

$600,800

105.2%

-2.5 % (2017 )

$1,145,000 (21 )

$938,500 (20 )

$1,135,000 (15 )

$903,000 (35 )

$855,500 (36 )

33.8%

Saint Marys Bay

$2,226,500

$2,222,200

-1.6%

$2,200,200

1.0%

$2,100,150

5.8%

$1,212,900

83.2%

-2.9 % (2017 )

$1,610,000 (5 )

$1,345,000 (3 )

$1,786,000 (12 )

$1,658,000 (16 )

$2,232,000 (7 )

-27.9%

Sandringham St Heliers Stonefields Surfdale

$1,119,200 $1,752,200 $1,310,750 $960,950

$1,115,400 $1,766,300 $1,327,250 $954,750

0.4% 0.3% 0.8% -1.0%

$1,086,350 $1,787,850 $1,294,150 $959,850

2.7% -1.2% 2.6% -0.5%

$1,089,850 $1,614,850 $1,226,200 $825,700

2.3% 9.4% 8.2% 15.6%

$504,400 $927,200

121.1% 90.5%

1.8 % (2017 ) 0.3 % (2017 )

$1,162,000 (49 ) $1,485,000 (68 )

$1,292,500 (28 ) $1,485,000 (51 )

$910,500 (48 ) $1,528,500 (52 )

$802,500 (57 ) $1,356,000 (80 )

$943,000 (63 ) $1,480,000 (77 )

23.2% 0.3%

Three Kings Wai O Taiki Bay

$1,019,500 $1,321,800

$1,016,400 $1,319,300

-0.1% -1.1%

$1,006,600 $1,298,400

1.0% 1.6%

$983,800 $1,178,400

3.3% 12.0%

N/A $516,800 $514,100 $528,600

N/A 84.7% 97.7% 149.6%

-3.1 % (2017 ) 3.5 % (2017 ) 2.6 % (2017 ) 0.8 % (2017 )

$1,338,000 (17 ) $957,000 (8 ) $967,500 (16 ) $1,305,000 (6 )

$1,275,000 (19 ) $965,000 (10 ) $987,500 (16 ) $1,295,000 (7 )

$1,221,500 (54 ) $1,020,250 (10 ) $1,230,000 (9 ) $1,580,000 (11 )

$1,058,000 (84 ) $740,000 (20 ) $1,203,000 (14 ) $1,430,000 (4 )

$920,000 (63 ) $665,000 (12 ) $704,250 (18 ) $887,000 (5 )

45.4% 43.9% 37.4% 47.1%

Waterview

$897,650

$903,750

-0.1%

$893,200

1.2%

$909,200

-0.6%

$453,200

99.4%

3.0 % (2017 )

$954,000 (11 )

$1,054,000 (13 )

$1,054,500 (12 )

$913,000 (22 )

$902,000 (20 )

5.8%

Westmere

$1,846,400

$1,861,250

2.0%

$1,867,700

-0.3%

$1,757,150

5.9%

$869,900

114.0%

3.6 % (2017 )

$1,676,000 (10 )

$1,826,000 (6 )

$1,760,000 (19 )

$1,640,000 (21 )

$1,388,500 (16 )

20.7%

Botany Downs

$1,195,400 $1,006,600

$1,206,000 $1,010,650

-0.2% 0.7%

$1,224,050 $1,007,350

-1.5% 0.3%

$1,113,600 $992,800

8.3% 1.8%

$659,700 $522,600

82.8% 93.4%

-3.1 % (2017 ) -0.6 % (2017 )

$1,119,500 (36 ) $896,000 (15 )

$1,141,500 (32 ) $954,500 (14 )

$1,171,000 (40 ) $942,000 (26 )

$1,077,000 (46 ) $967,000 (21 )

$900,000 (38 ) $830,500 (44 )

24.4% 7.9%

Bucklands Beach

$1,307,650

$1,298,450

-1.7%

$1,314,100

-1.2%

$1,261,400

2.9%

$650,000

99.8%

-1.3 % (2017 )

$1,271,500 (20 )

$1,270,000 (29 )

$1,338,000 (26 )

$1,345,000 (53 )

$994,000 (53 )

27.9%

Burswood

$931,600

$937,850

0.8%

$936,800

0.1%

$920,800

1.9%

$474,700

97.6%

-5.1 % (2017 )

$900,500 (4 )

$884,000 (3 )

$1,027,000 (5 )

$881,500 (12 )

$813,500 (12 )

10.7%

Clendon Park

$556,400

$553,700

-1.5%

$549,900

0.7%

$544,050

1.8%

$293,100

88.9%

0.7 % (2017 )

$532,500 (32 )

$554,000 (29 )

$547,000 (19 )

$524,000 (50 )

$429,000 (70 )

24.1%

Clover Park

$643,300

$647,050

-1.5%

$650,800

-0.6%

$628,000

3.0%

$335,700

92.7%

3.1 % (2017 )

$659,000 (19 )

$679,750 (14 )

$648,500 (20 )

$624,000 (37 )

$532,000 (36 )

23.9%

Cockle Bay

$1,282,000

$1,273,400

-1.1%

$1,279,700

-0.5%

$1,248,000

2.0%

$694,800

83.3%

-4.4 % (2017 )

$1,056,000 (15 )

$1,035,000 (13 )

$993,500 (12 )

$1,067,000 (32 )

$942,000 (31 )

12.1%

Dannemora

$1,424,350

$1,427,500

0.5%

$1,452,300

-1.7%

$1,422,750

0.3%

$718,200

98.8%

-3.3 % (2017 )

$1,210,000 (5 )

$1,300,000 (7 )

$1,645,000 (8 )

$1,285,000 (17 )

$1,065,000 (15 )

13.6% 16.2%

MANUKAU Beachlands

East Tāmaki

$898,850

$883,950

-0.6%

$891,300

-0.8%

$868,300

1.8%

$471,000

87.7%

3.3 % (2017 )

$884,000 (29 )

$859,500 (26 )

$609,500 (30 )

$600,500 (38 )

$760,800 (51 )

East Tāmaki Heights

$1,337,450

$1,336,500

0.8%

$1,353,450

-1.3%

$1,297,100

3.0%

$697,600

91.6%

-4.2 % (2017 )

$1,137,000 (12 )

$1,137,000 (16 )

$1,318,000 (10 )

$1,261,000 (18 )

$986,999 (33 )

15.2%

Eastern Beach

$1,521,350

$1,511,050

-1.1%

$1,521,700

-0.7%

$1,431,900

5.5%

$792,500

90.7%

3.9 % (2017 )

$1,257,000 (4 )

$1,178,500 (4 )

$1,625,000 (5 )

$1,479,000 (9 )

$1,396,000 (9 )

-10.0%

Farm Cove

$1,359,900

-0.8%

$1,363,050

-0.2%

$1,340,650

1.4%

$674,900

101.5%

0.8 % (2017 )

$1,299,000 (9 )

$1,249,000 (4 )

$911,250 (9 )

$1,487,000 (13 )

$1,011,000 (14 )

28.5%

Favona

$697,900

$695,950

-1.0%

$676,800

2.8%

$630,300

10.4%

$346,600

100.8%

1.9 % (2017 )

$710,000 (15 )

$757,000 (8 )

$713,000 (27 )

$704,000 (36 )

$569,304 (66 )

24.7%

Smart property decisions start here

September 3, 2018 | OneRoof.co.nz PROPERTY REPORT E-Valuer estimate of median value at 31JUL2018

E-Valuer estimate of median value at 30JUN2018

E-Valuer value change in 3 months to 30JUN2018

E-Valuer estimate of E-Valuer value E-Valuer estimate of median value at change in year median value at 30JUN2017 to 30JUN2018 30JUN2016

E-Valuer value change in 2 years to 30JUN2018

E-Valuer estimate of median value at market peak (31OCT2007)

Flat Bush

$1,052,900

$1,049,350

-0.1%

$1,064,700

-1.4%

$1,062,600

-1.2%

$582,800

80.1%

-4.1 % (2017 )

$1,137,000 (111 )

$1,135,000 (86 )

$1,090,000 (103 )

$951,000 (171 )

$893,000 (215 )

27.3%

Golflands

$1,061,100

$1,062,600

1.0%

$1,021,750

4.0%

$1,082,700

-1.9%

$551,600

92.6%

0.6 % (2017 )

$1,107,000 (10 )

$1,115,000 (17 )

$962,000 (11 )

$1,123,500 (22 )

$767,000 (17 )

44.3% 15.6%

Goodwood Heights

$880,500

$876,850

-0.5%

$877,500

-0.1%

$857,150

2.3%

$526,300

66.6%

1.2 % (2017 )

$790,500 (10 )

$815,000 (9 )

$780,800 (16 )

$739,000 (21 )

$684,000 (31 )

Half Moon Bay

$1,221,050

$1,210,550

-1.1%

$1,226,000

-1.3%

$1,200,600

0.8%

$619,100

95.5%

-2.7 % (2017 )

$1,001,500 (22 )

$1,012,000 (14 )

$1,070,000 (17 )

$1,030,000 (39 )

$943,500 (42 )

6.1%

Highland Park

$906,900

$910,500

0.4%

$906,900

0.4%

$907,300

0.4%

$472,900

92.5%

-1.7 % (2017 )

$903,000 (14 )

$814,000 (11 )

$897,000 (21 )

$906,000 (25 )

$724,500 (22 )

24.6%

Howick

$980,100

$975,600

-1.5%

$994,000

-1.9%

$949,800

2.7%

$512,000

90.5%

-1.9 % (2017 )

$874,000 (31 )

$919,500 (32 )

$972,000 (43 )

$947,000 (67 )

$787,000 (93 )

11.1%

Māngere

$673,100

$671,300

1.3%

$667,050

0.6%

$636,200

5.5%

$339,800

97.6%

1.3 % (2017 )

$680,500 (28 )

$636,000 (21 )

$632,500 (31 )

$639,000 (41 )

$549,000 (69 )

24.0%

Māngere Bridge

$973,400

$971,150

-0.1%

$992,400

-2.1%

$928,800

4.6%

$455,700

113.1%

-0.6 % (2017 )

$918,000 (24 )

$988,500 (20 )

$837,000 (28 )

$800,000 (47 )

$786,000 (32 )

16.8%

Māngere East

$655,700

$658,150

1.3%

$645,400

2.0%

$619,100

6.3%

$317,000

107.6%

2.4 % (2017 )

$632,000 (40 )

$614,000 (43 )

$630,000 (30 )

$644,000 (80 )

$500,000 (99 )

26.4% 24.2%

Manurewa

$656,600

$657,700

-0.5%

$648,400

1.4%

$633,700

3.8%

$336,800

95.3%

1.3 % (2017 )

$618,500 (102 )

$627,000 (89 )

$615,000 (117 )

$595,500 (260 )

$498,000 (288 )

Manurewa East

$603,050

$602,350

-3.0%

$598,700

0.6%

$591,300

1.9%

$321,400

87.4%

-2.9 % (2017 )

$594,000 (5 )

$582,500 (3 )

$623,000 (10 )

$612,000 (19 )

$527,000 (23 )

12.7%

Maraetai

$1,287,550

$1,278,450

-0.9%

$1,288,350

-0.8%

$1,207,950

5.8%

$748,500

70.8%

-1.8 % (2017 )

$1,047,000 (10 )

$1,047,000 (8 )

$1,227,500 (6 )

$930,000 (21 )

$921,500 (22 )

13.6%

Mellons Bay

$1,632,100

$1,623,200

-1.6%

$1,684,950

-3.7%

$1,547,700

4.9%

$812,100

99.9%

-1.8 % (2017 )

$1,620,000 (11 )

$1,487,500 (8 )

$1,635,000 (15 )

$1,485,000 (19 )

$1,161,000 (18 )

39.5%

Northpark

$1,175,500

$1,177,500

2.1%

$1,163,000

1.2%

$1,188,300

-0.9%

$585,100

101.2%

-2.0 % (2017 )

$1,071,500 (20 )

$1,157,000 (11 )

$1,197,000 (16 )

$1,212,000 (23 )

$941,000 (26 )

13.9%

Ōtara

$555,650

$559,400

-1.0%

$561,300

-0.3%

$541,100

3.4%

$280,300

99.6%

-3.4 % (2017 )

$528,000 (21 )

$545,000 (11 )

$545,500 (20 )

$544,000 (35 )

$452,500 (42 )

16.7%

Pakuranga

$930,000

$925,150

-1.2%

$943,600

-2.0%

$918,250

0.8%

$467,900

97.7%

-2.0 % (2017 )

$836,750 (22 )

$863,000 (21 )

$830,700 (19 )

$860,000 (46 )

$736,400 (58 )

13.6%

Pakuranga Heights

$919,250

$913,200

1.0%

$921,500

-0.9%

$903,750

1.0%

$448,500

103.6%

-1.2 % (2017 )

$882,000 (23 )

$835,000 (21 )

$890,500 (24 )

$915,500 (30 )

$719,000 (55 )

22.7%

Papatoetoe

$718,600

$717,000

0.1%

$722,450

-0.8%

$687,150

4.3%

$368,200

94.7%

-2.3 % (2017 )

$644,000 (123 )

$649,000 (112 )

$676,000 (101 )

$659,750 (242 )

$559,000 (269 )

15.2%

Randwick Park

$617,200

$617,500

1.3%

$607,400

1.7%

$584,650

5.6%

$323,600

90.8%

1.0 % (2017 )

$643,500 (20 )

$591,500 (20 )

$590,000 (18 )

$544,000 (40 )

$407,000 (49 )

58.1%

Shelly Park

$1,231,850

$1,221,800

-0.5%

$1,208,100

1.1%

$1,230,900

-0.7%

$706,300

73.0%

0.4 % (2017 )

$1,135,000 (5 )

$977,000 (5 )

$1,281,000 (4 )

$1,095,000 (13 )

$987,000 (21 )

15.0%

Somerville

$1,219,950

$1,221,700

2.2%

$1,199,150

1.9%

$1,194,750

2.3%

$633,800

92.8%

1.1 % (2017 )

$1,180,500 (10 )

$1,185,000 (10 )

$1,330,000 (13 )

$1,080,000 (20 )

$990,000 (18 )

19.2%

Sunnyhills

$1,292,150

$1,292,000

-0.2%

$1,284,500

0.6%

$1,272,200

1.6%

$638,900

102.2%

-2.5 % (2017 )

$1,349,000 (7 )

$1,342,500 (8 )

$1,322,000 (11 )

$1,152,000 (21 )

$918,000 (26 )

46.9%

The Gardens

$1,034,550

$1,018,950

-0.2%

$1,036,450

-1.7%

$986,700

3.3%

$620,800

64.1%

-2.2 % (2017 )

$1,059,000 (14 )

$966,500 (6 )

$1,000,500 (14 )

$953,000 (22 )

$850,000 (27 )

24.6%

Totara Heights

$821,700

$823,750

1.3%

$826,550

-0.3%

$803,850

2.5%

$487,300

69.0%

4.3 % (2017 )

$794,000 (22 )

$792,500 (22 )

$857,000 (9 )

$704,000 (17 )

$789,000 (9 )

0.6%

Wattle Downs Weymouth

$790,300 $621,800

$792,200 $622,550

-0.3% -1.5%

$805,100 $624,400

-1.6% -0.3%

$773,750 $589,000

2.4% 5.7%

$449,400 $330,600

76.3% 88.3%

-2.7 % (2017 ) -0.2 % (2017 )

$807,000 (30 ) $618,000 (32 )

$755,000 (26 ) $624,000 (22 )

$768,800 (25 ) $646,000 (27 )

$729,000 (59 ) $531,000 (84 )

$682,000 (65 ) $494,000 (71 )

18.3% 25.1%

PAPAKURA/FRANKLIN Clarks Beach Conifer Grove

$801,850 $782,200

$803,200 $784,200

-0.6% -0.6%

$773,250 $775,450

3.9% 1.1%

$722,200 $777,900

11.2% 0.8%

$528,300 $458,600

52.0% 71.0%

-1.3 % (2017 ) -0.7 % (2017 )

$587,000 (5 ) $777,000 (27 )

$669,000 (7 ) $804,000 (20 )

$875,000 (4 ) $690,500 (20 )

$622,000 (11 ) $777,000 (23 )

$567,000 (9 ) $664,250 (34 )

3.5% 17.0%

Manukau

$559,650

$555,350

0.5%

$557,600

-0.4%

$508,650

9.2%

$304,500

82.4%

3.1 % (2017 )

$498,000 (9 )

$616,000 (6 )

$502,000 (9 )

$522,500 (10 )

$376,000 (25 )

32.4%

Opaheke

$689,600

$691,400

-0.5%

$678,300

1.9%

$663,300

4.2%

$391,900

76.4%

-1.1 % (2017 )

$643,000 (14 )

$635,000 (15 )

$586,800 (17 )

$649,000 (20 )

$525,000 (43 )

22.5%

Pahurehure

$758,800

$761,050

-0.2%

$771,650

-1.4%

$727,800

4.6%

$444,100

71.4%

-3.0 % (2017 )

$766,000 (16 )

$804,000 (17 )

$709,300 (15 )

$744,000 (21 )

$657,000 (22 )

16.6%

Papakura

$621,050

$622,600

0.6%

$611,700

1.8%

$579,700

7.4%

$324,400

91.9%

-0.6 % (2017 )

$594,000 (98 )

$610,500 (90 )

$605,000 (151 )

$570,000 (191 )

$475,000 (217 )

25.1%

Pukekohe

$671,950

$672,050

0.1%

$666,700

0.8%

$633,750

6.0%

$406,400

65.4%

-2.3 % (2017 )

$647,000 (110 )

$639,000 (115 )

$662,500 (141 )

$592,000 (216 )

$530,500 (176 )

22.0%

Red Hill

$597,200

$598,750

-0.5%

$591,500

1.2%

$570,250

5.0%

$336,700

77.8%

-0.5 % (2017 )

$474,000 (5 )

$528,000 (7 )

$584,000 (11 )

$522,000 (23 )

$456,000 (25 )

3.9%

Rosehill

$658,750

$660,150

-0.7%

$652,900

1.1%

$645,450

2.3%

$374,300

76.4%

1.9 % (2017 )

$602,000 (14 )

$592,000 (13 )

$583,000 (16 )

$824,500 (32 )

$514,000 (28 )

17.1%

Takanini

$712,400

$717,900

1.5%

$702,200

2.2%

$681,250

5.4%

$393,200

82.6%

1.2 % (2017 )

$704,000 (58 )

$709,500 (56 )

$708,000 (58 )

$709,500 (122 )

$623,050 (112 )

13.0%

Waiuku

$613,750

$617,300

-0.3%

$609,250

1.3%

$564,200

9.4%

$377,600

63.5%

0.1 % (2017 )

$591,000 (57 )

$609,000 (59 )

$573,000 (52 )

$557,000 (77 )

$474,250 (98 )

24.6%

WHANGĀREI/NORTHLAND Dargaville

$335,200

3.6% -2.3%

19.2% -4.5%

$229,350 $145,800

45.9% 18.8%

$224,200

49.2% -2.6%

14.8 % (2017 )

$309,000 (31 ) $165,000 (8 )

$327,000 (35 )

$172,950

$334,600 $173,150

$280,800

Kaikohe

$247,000 (24 ) $182,000 (15 )

$191,000 (42 ) $156,000 (32 )

$196,000 (29 ) $112,000 (10 )

47.3%

Kaitaia

$221,500

$222,500

-1.2%

$218,900

1.6%

$187,350

18.8%

$214,200

3.9%

12.4 % (2016 )

$219,000 (25 )

$232,000 (32 )

$219,000 (19 )

$176,000 (29 )

$153,500 (32 )

42.7%

Kamo

$495,150

$496,900

1.8%

$467,950

6.2%

$403,500

23.1%

$360,900

37.7%

37.2 % (2015 )

$468,000 (54 )

$500,000 (49 )

$434,500 (56 )

$364,000 (92 )

$304,750 (90 )

53.6%

Kensington

$453,300

$450,900

0.5%

$432,700

4.2%

$370,950

21.6%

$344,000

31.1%

47.6 % (2015 )

$417,000 (27 )

$415,500 (32 )

$405,500 (36 )

$343,134 (44 )

$323,000 (38 )

29.1%

Kerikeri

$666,000

$662,400

-0.7%

$640,400

3.4%

$554,850

19.4%

$508,700

30.2%

14.9 % (2016 )

$640,000 (37 )

$637,000 (41 )

$597,000 (65 )

$560,750 (76 )

$427,000 (67 )

49.9%

Mangawhai Heads

$852,200

$848,150

1.1%

$788,300

7.6%

$693,600

22.3%

$552,800

53.4%

10.1 % (2017 )

$635,500 (20 )

$638,000 (22 )

$685,000 (19 )

$589,500 (31 )

$466,500 (24 )

36.2%

Maunu

$628,600

$624,150

1.4%

$589,900

5.8%

$514,650

21.3%

$463,100

34.8%

35.2 % (2015 )

$519,500 (16 )

$524,500 (13 )

$574,000 (19 )

$464,000 (19 )

$418,000 (18 )

24.3%

Morningside

$411,950

$405,250

1.0%

$377,900

7.2%

$324,850

24.7%

$279,200

45.1%

55.0 % (2015 )

$367,000 (9 )

$364,290 (8 )

$372,000 (19 )

$314,500 (30 )

$246,000 (29 )

49.2%

One Tree Point

$735,600

$737,800

1.7%

$698,550

5.6%

$601,100

22.7%

$574,000

28.5%

45.9 % (2015 )

$663,000 (14 )

$715,000 (12 )

$681,000 (19 )

$536,450 (21 )

$432,000 (19 )

53.5%

Onerahi

$461,700

$461,350

3.1%

$430,400

7.2%

$371,400

24.2%

$335,100

37.7%

42.1 % (2015 )

$462,000 (45 )

$447,000 (44 )

$404,000 (33 )

$354,000 (49 )

$293,500 (56 )

57.4%

Raumanga

$333,900

$334,100

0.3%

$306,600

9.0%

$256,800

30.1%

$244,800

36.5%

51.8 % (2015 )

$322,750 (14 )

$352,581 (21 )

$338,000 (20 )

$255,000 (47 )

$204,500 (28 )

57.8%

Ruakākā

$559,300

$559,350

2.1%

$542,900

3.0%

$448,250

24.8%

$397,700

40.6%

50.8 % (2015 )

$506,750 (12 )

$600,000 (11 )

$534,000 (19 )

$420,754 (10 )

$392,000 (21 )

29.3%

Tikipunga

$416,800

$413,850

4.2%

$383,000

8.1%

$330,900

25.1%

$296,900

39.4%

44.4 % (2015 )

$394,000 (31 )

$389,500 (34 )

$364,000 (27 )

$324,750 (50 )

$261,000 (44 )

51.0%

Whangārei Heads

$674,100

$677,600

3.0%

$637,300

6.3%

$548,950

23.4%

$541,600

25.1%

50.3 % (2015 )

$637,000 (3 )

$704,000 (6 )

$664,500 (6 )

$575,500 (4 )

$396,250 (2 )

60.8%

Whau Valley

$441,800

THE REGIONS

$181,400

$177,800

4.0 % (2016 )

$169,234 (10 )

57.7%

$444,400

0.4%

$423,400

5.0%

$362,600

22.6%

$343,700

29.3%

42.0 % (2015 )

$410,000 (13 )

$464,500 (12 )

$413,000 (14 )

$333,000 (13 )

$257,500 (13 )

59.2%

COROMANDEL/HAURAKI/MATAMATA Matamata $497,400

$495,100

6.8% 5.8%

$444,500 (56 )

$302,000 (83 )

17.1%

$544,000 (7 )

$533,000 (18 )

$452,000 (63 ) $564,000 (11 )

$368,000 (93 )

$584,500

55.1 % (2015 ) 4.7 % (2017 )

$454,500 (64 )

$567,950

27.5% 20.5%

54.6%

$684,650

$463,700 $647,050

$320,200

$678,250

1.5% 0.9%

$388,450

Matarangi

$410,500 (22 )

$329,000 (17 )

50.5% 65.3%

Morrinsville

$470,900

$470,750

0.7%

$452,000

4.1%

$372,350

26.4%

$315,400

49.3%

48.1 % (2015 )

$441,000 (44 )

$469,000 (43 )

$445,000 (50 )

$355,000 (73 )

$301,000 (67 )

46.5%

Paeroa

$360,300

$361,900

1.7%

$350,600

3.2%

$273,850

32.2%

$233,400

55.1%

64.8 % (2015 )

$325,000 (26 )

$293,500 (18 )

$327,500 (26 )

$252,000 (37 )

$234,000 (43 )

38.9%

Pāuanui

$879,650

$876,350

1.3%

$823,300

6.4%

$700,600

25.1%

$684,500

28.0%

9.8 % (2017 )

$742,000 (21 )

$778,500 (28 )

$725,000 (33 )

$552,000 (33 )

$452,500 (36 )

64.0%

Tairua

$727,750

$724,350

2.2%

$661,250

9.5%

$558,000

29.8%

$537,000

34.9%

13.2 % (2017 )

$523,000 (10 )

$519,000 (13 )

$559,000 (21 )

$444,000 (33 )

$345,000 (15 )

51.6%

Te Aroha

$401,000

$401,350

1.6%

$383,650

4.6%

$307,750

30.4%

$266,200

50.8%

59.1 % (2015 )

$384,000 (26 )

$398,000 (29 )

$369,000 (31 )

$294,000 (59 )

$253,417 (36 )

51.5%

Thames

$499,150

$496,150

0.9%

$457,700

8.4%

$408,200

21.5%

$336,800

47.3%

5.9 % (2017 )

$443,000 (41 )

$459,000 (38 )

$439,500 (52 )

$390,000 (71 )

$331,000 (89 )

33.8%

Waihi

$373,200

$370,650

2.7%

$350,550

5.7%

$286,750

29.3%

$256,700

44.4%

60.9 % (2015 )

$348,500 (36 )

$335,000 (21 )

$317,500 (24 )

$300,000 (47 )

$224,000 (50 )

55.6%

Whangamata

$799,700

$793,650

1.4%

$721,900

9.9%

$595,450

33.3%

$533,000

48.9%

6.0 % (2017 )

$689,750 (54 )

$692,000 (51 )

$720,000 (51 )

$535,000 (79 )

$426,000 (70 )

61.9%

Whitianga

$673,100

$663,400

0.8%

$624,300

6.3%

$520,600

27.4%

$476,200

39.3%

5.8 % (2017 )

$547,000 (37 )

$567,000 (56 )

$503,000 (66 )

$468,000 (92 )

$395,500 (54 )

38.3%

Beerescourt

$381,300 $638,550

$380,900 $640,350

2.0% 1.6%

$361,400 $614,400

5.4% 4.2%

$376,600 $596,750

1.1% 7.3%

$257,900 $432,700

47.7% 48.0%

27.9 % (2015 ) 23.1 % (2015 )

$370,000 (9 ) $553,000 (13 )

$365,000 (11 ) $512,500 (15 )

$356,000 (11 ) $475,000 (21 )

$369,750 (14 ) $556,500 (16 )

$243,500 (12 ) $474,250 (14 )

52.0% 16.6%

Chartwell

$548,550

$545,450

0.2%

$537,950

1.4%

$502,400

8.6%

$364,300

49.7%

30.0 % (2015 )

$519,576 (42 )

$550,500 (48 )

$544,000 (43 )

$514,000 (66 )

$366,000 (48 )

42.0%

Claudelands

$517,650

$515,450

1.3%

$511,600

0.8%

$480,050

7.4%

$352,200

46.4%

20.2 % (2015 )

$442,000 (11 )

$454,750 (18 )

$507,750 (20 )

$443,250 (26 )

$348,000 (28 )

27.0%

Dinsdale

$493,250

$492,600

1.0%

$471,800

4.4%

$453,350

8.7%

$332,400

48.2%

31.4 % (2015 )

$504,000 (59 )

$461,500 (59 )

$445,000 (47 )

$461,500 (76 )

$352,000 (59 )

43.2%

Enderley

$394,050

$393,200

0.5%

$377,200

4.2%

$368,850

6.6%

$270,100

45.6%

27.2 % (2015 )

$342,000 (10 )

$430,000 (15 )

$386,000 (20 )

$364,000 (28 )

$277,500 (24 )

23.2%

Fairfield

$502,750

$501,700

1.7%

$482,500

4.0%

$457,700

9.6%

$340,600

47.3%

30.3 % (2015 )

$472,250 (32 )

$484,000 (32 )

$474,000 (25 )

$405,200 (49 )

$299,000 (58 )

57.9%

Fairview Downs

$492,000

$489,650

0.0%

$459,250

6.6%

$435,850

12.3%

$317,300

54.3%

28.2 % (2015 )

$558,250 (8 )

$474,000 (19 )

$472,000 (17 )

$437,500 (12 )

$355,500 (20 )

57.0%

Fitzroy

$503,150

$505,350

2.0%

$500,900

0.9%

$484,300

4.3%

$313,500

61.2%

16.9 % (2015 )

$499,000 (6 )

$484,000 (6 )

$617,000 (9 )

$509,000 (14 )

$320,000 (6 )

55.9%

HAMILTON CITY Bader

Smart property decisions start here

September 3, 2018 | OneRoof.co.nz PROPERTY REPORT E-Valuer estimate of median value at 31JUL2018

E-Valuer estimate of median value at 30JUN2018

E-Valuer value change in 3 months to 30JUN2018

E-Valuer estimate of E-Valuer value E-Valuer estimate of median value at change in year median value at 30JUN2017 to 30JUN2018 30JUN2016

E-Valuer value change in 2 years to 30JUN2018

E-Valuer estimate of median value at market peak (31OCT2007)

Flagstaff

$770,450

$774,000

1.4%

$731,200

5.9%

$712,550

8.6%

$490,700

57.7%

30.9 % (2015 )

$777,000 (77 )

$756,000 (76 )

$762,000 (79 )

$716,500 (128 )

$600,000 (81 )

Forest Lake

$508,250

$508,350

2.6%

$487,800

4.2%

$470,200

8.1%

$323,900

56.9%

29.6 % (2015 )

$530,000 (18 )

$494,000 (25 )

$483,000 (11 )

$489,000 (25 )

$356,500 (21 )

29.5% 48.7%

Frankton

$414,300

$414,050

-0.8%

$405,950

2.0%

$385,900

7.3%

$295,800

40.0%

25.0 % (2015 )

$364,000 (47 )

$401,500 (40 )

$382,500 (50 )

$348,000 (79 )

$272,500 (62 )

33.6%

Glenview

$509,050

$508,900

1.2%

$502,000

1.4%

$481,800

5.6%

$333,500

52.6%

27.0 % (2015 )

$483,500 (29 )

$500,125 (32 )

$494,500 (36 )

$469,000 (48 )

$378,000 (51 )

27.9%

Hamilton East

$497,750

$495,650

1.7%

$485,400

2.1%

$455,000

8.9%

$331,300

49.6%

23.8 % (2015 )

$504,000 (43 )

$499,000 (60 )

$476,500 (89 )

$424,000 (109 )

$350,000 (114 )

44.0%

Hillcrest

$551,900

$548,750

1.3%

$536,900

2.2%

$510,400

7.5%

$365,400

50.2%

26.9 % (2015 )

$530,500 (34 )

$585,000 (29 )

$507,500 (26 )

$495,000 (47 )

$378,000 (36 )

40.3%

Huntington

$772,250

$770,550

1.5%

$743,700

3.6%

$725,850

6.2%

$532,000

44.8%

24.2 % (2015 )

$721,750 (56 )

$716,400 (53 )

$717,000 (38 )

$723,000 (58 )

$572,000 (51 )

26.2%

Maeroa

$486,350

$487,150

2.0%

$471,500

3.3%

$451,150

8.0%

$317,000

53.7%

32.2 % (2015 )

$497,000 (13 )

$472,000 (9 )

$428,000 (12 )

$434,000 (28 )

$328,500 (14 )

51.3%

Melville

$438,550

$437,250

2.4%

$423,050

3.4%

$419,500

4.2%

$292,900

49.3%

23.8 % (2015 )

$439,000 (23 )

$425,000 (33 )

$436,000 (38 )

$394,500 (58 )

$304,000 (41 )

44.4%

Nawton

$437,950

$435,200

0.3%

$428,650

1.5%

$409,700

6.2%

$298,100

46.0%

27.5 % (2015 )

$401,250 (38 )

$386,000 (55 )

$412,000 (67 )

$390,000 (111 )

$290,000 (103 )

38.4%

Pukete

$572,900

$577,050

2.1%

$556,400

3.7%

$541,400

6.6%

$369,800

56.0%

25.9 % (2015 )

$539,000 (28 )

$543,500 (21 )

$544,000 (23 )

$512,625 (24 )

$398,000 (31 )

35.4%

Queenwood

$680,300

1.3%

$662,450

2.7%

$614,600

10.7%

$450,800

50.9%

19.9 % (2015 )

$707,500 (1 )

$658,000 (7 )

$662,000 (5 )

$540,500 (12 )

$529,000 (9 )

33.7%

Rototuna

$727,550

$724,250

1.2%

$695,350

4.2%

$694,650

4.3%

$482,800

50.0%

24.0 % (2015 )

$686,800 (30 )

$692,800 (30 )

$702,000 (20 )

$668,250 (22 )

$484,000 (21 )

41.9%

Rototuna North

$713,650

$712,650

0.1%

$704,150

1.2%

$698,850

2.0%

$465,300

53.2%

27.8 % (2015 )

$682,000 (27 )

$728,500 (21 )

$734,500 (32 )

$698,000 (40 )

$536,500 (34 )

27.1%

Saint Andrews

$565,600

$561,850

0.0%

$557,800

0.7%

$528,500

6.3%

$371,600

51.2%

18.8 % (2015 )

$534,000 (27 )

$478,100 (23 )

$519,000 (47 )

$500,500 (34 )

$414,000 (37 )

29.0%

Silverdale

$499,800

$499,900

1.8%

$486,750

2.7%

$460,600

8.5%

$328,200

52.3%

34.0 % (2015 )

$522,000 (8 )

$535,500 (6 )

$529,000 (21 )

$424,500 (16 )

$314,000 (6 )

66.2%

WAIKATO/WAIPĀ/ŌTOROHANGA/SOUTH WAIKATO Cambridge $695,050 $692,800 Huntly $349,900 $351,300

1.7% 0.6%

$653,950 $328,700

5.9% 6.9%

$574,500 $277,600

20.6% 26.5%

$403,800 $212,500

71.6% 65.3%

15.5 % (2016 ) 2.0 % (2017 )

$707,000 (52 ) $338,000 (38 )

$645,500 (60 ) $326,500 (36 )

$659,500 (72 ) $301,500 (52 )

$614,250 (84 ) $273,000 (68 )

$489,000 (67 ) $218,000 (91 )

44.6% 55.0%

Kihikihi

$390,300

$391,100

1.3%

$363,750

7.5%

$310,100

26.1%

$250,700

56.0%

27.2 % (2016 )

$428,750 (8 )

$353,000 (9 )

$375,000 (16 )

$297,500 (34 )

$240,000 (18 )

78.6%

Leamington

$593,250

$593,750

1.1%

$557,950

6.4%

$497,000

19.5%

$356,100

66.7%

14.8 % (2016 )

$585,000 (61 )

$580,000 (65 )

$519,000 (71 )

$515,000 (89 )

$416,000 (106 )

40.6%

Ngāruawāhia

$408,200

$409,050

3.1%

$379,850

7.7%

$308,550

32.6%

$253,100

61.6%

2.3 % (2017 )

$399,000 (39 )

$409,000 (30 )

$366,000 (24 )

$311,000 (53 )

$249,000 (37 )

60.2%

Putāruru

$288,050

$285,450

-2.5%

$254,650

12.1%

$203,600

40.2%

$193,600

47.4%

58.3 % (2015 )

$287,500 (20 )

$271,000 (17 )

$256,000 (23 )

$210,000 (59 )

$152,000 (24 )

89.1%

Raglan

$666,550

$663,300

-0.9%

$610,700

8.6%

$524,050

26.6%

$454,000

46.1%

15.4 % (2017 )

$531,500 (20 )

$630,500 (24 )

$551,000 (27 )

$445,000 (37 )

$395,000 (47 )

34.6%

Te Awamutu

$466,150

$465,750

0.5%

$435,800

6.9%

$383,000

21.6%

$310,300

50.1%

19.9 % (2016 )

$429,000 (83 )

$446,500 (82 )

$405,000 (93 )

$363,500 (158 )

$314,000 (116 )

36.6%

Tokoroa

$186,600

$187,350

0.4%

$171,550

9.2%

$134,600

39.2%

$142,000

31.9%

47.6 % (2015 )

$173,500 (26 )

$172,750 (50 )

$160,150 (88 )

$127,000 (111 )

$93,500 (100 )

85.6%

Tūākau

$558,100

$551,650

-1.1%

$532,750

3.5%

$489,250

12.8%

$321,800

71.4%

2.1 % (2017 )

$545,000 (35 )

$538,000 (34 )

$562,000 (38 )

$509,000 (47 )

$404,000 (59 )

34.9%

WAITOMO/TAUPŌ/RUAPEHU $555,500 Hilltop Kinloch $663,050

$553,550

4.2%

$437,300

$444,000 (23 ) $694,000 (8 )

$660,000 (9 )

$547,000 (17 )

$324,500 (32 ) $436,000 (12 )

$343,000 (26 ) $406,500 (16 )

29.4%

$508,400

16.4 % (2016 ) 23.5 % (2016 )

$444,000 (22 )

13.5%

26.6% 30.9%

$415,000 (23 )

2.8%

$449,500 $586,200

23.1%

1.3%

$519,100 $647,200

6.6%

$665,300

Kuratau

$470,900

$478,150

5.3%

$424,650

12.6%

$392,600

21.8%

$458,300

4.3%

23.6 % (2016 )

$447,000 (6 )

$390,500 (6 )

$369,250 (2 )

$327,000 (16 )

$367,000 (6 )

21.8%

Nukuhau

$513,850

$511,400

1.9%

$484,100

5.6%

$411,250

24.4%

$383,200

33.5%

24.3 % (2016 )

$466,000 (25 )

$508,500 (26 )

$452,000 (37 )

$364,250 (46 )

$360,000 (35 )

29.4%

Ōhakune

$267,800

$266,700

5.3%

$243,000

9.8%

$219,900

21.3%

$246,900

8.0%

17.3 % (2017 )

$280,500 (26 )

$284,750 (16 )

$237,000 (32 )

$199,000 (30 )

$135,000 (19 )

107.8%

Omori

$425,350

$428,200

3.2%

$387,350

10.5%

$352,300

21.5%

$429,000

-0.2%

17.1 % (2016 )

$354,500 (8 )

$333,000 (5 )

$286,000 (1 )

$299,000 (8 )

$240,000 (2 )

47.7%

Richmond Heights

$461,350

$462,200

1.4%

$427,750

8.1%

$380,400

21.5%

$331,300

39.5%

17.4 % (2016 )

$404,000 (16 )

$413,000 (21 )

$416,000 (20 )

$373,000 (22 )

$286,000 (11 )

41.3%

Tauhara

$324,950

$320,650

2.4%

$303,250

5.7%

$248,000

29.3%

$243,900

31.5%

7.5 % (2016 )

$333,000 (9 )

$323,000 (7 )

$300,250 (12 )

$259,000 (19 )

$221,000 (15 )

50.7%

70.7%

Taumarunui

$157,950

$156,050

5.3%

$132,150

18.1%

$105,400

48.1%

$131,900

18.3%

22.3 % (2017 )

$131,500 (28 )

$139,500 (24 )

$114,500 (30 )

$123,000 (29 )

$93,500 (32 )

40.6%

Taupō

$442,850

$438,800

2.4%

$408,950

7.3%

$350,050

25.4%

$339,200

29.4%

17.0 % (2016 )

$392,500 (50 )

$364,000 (62 )

$365,314 (57 )

$317,500 (70 )

$303,000 (66 )

29.5%

Te Kuiti

$206,800

$208,300

1.5%

$181,800

14.6%

$154,300

35.0%

$176,800

17.8%

56.7 % (2015 )

$175,000 (25 )

$176,000 (25 )

$169,500 (34 )

$156,000 (37 )

$143,000 (22 )

22.4%

Tūrangi Waipahihi

$229,600 $658,850

$228,000 $657,200

2.9% 2.9%

$200,850 $618,150

13.5% 6.3%

$176,550 $543,350

29.1% 21.0%

$230,500 $546,000

-1.1% 20.4%

25.7 % (2016 ) 22.3 % (2016 )

$177,500 (42 ) $667,000 (10 )

$198,500 (52 ) $682,500 (10 )

$154,500 (40 ) $646,000 (16 )

$165,000 (31 ) $492,000 (17 )

$143,000 (18 ) $406,500 (12 )

24.1% 64.1%

$546,950 $797,050

$545,400 $797,050

0.5% -2.3%

$526,800

3.5% 2.3%

$460,200

18.5%

$456,200 (26 )

$501,000 (25 )

16.6%

42.6%

15.0 % (2016 ) 7.0 % (2016 )

$467,200 (30 )

$683,650

$350,600 $558,800

55.6%

$779,200

$686,000 (13 )

$755,000 (13 )

$549,000 (21 )

$434,000 (46 ) $580,500 (42 )

$321,000 (44 ) $492,500 (40 )

39.3%

Pukehina

$692,250

$686,700

-1.0%

$659,200

4.2%

$577,200

19.0%

$544,200

26.2%

10.7 % (2016 )

$913,500 (6 )

$779,500 (6 )

$786,000 (10 )

$663,000 (21 )

$304,000 (10 )

200.5%

Te Puke

$473,800

$473,550

-1.1%

$465,350

1.8%

$393,300

20.4%

$316,400

49.7%

11.3 % (2016 )

$454,000 (37 )

$509,000 (31 )

$447,500 (42 )

$367,000 (66 )

$276,000 (65 )

64.5%

Waihi Beach

$794,950

$793,450

-1.4%

$766,300

3.5%

$658,300

20.5%

$617,500

28.5%

15.0 % (2016 )

$778,000 (15 )

$751,000 (25 )

$706,500 (20 )

$564,000 (31 )

$501,000 (14 )

55.3%

$549,800 $771,550

$549,550

-0.5% 0.7%

$541,850

1.4% 1.9%

$483,550

13.6% 13.5%

58.7% 54.3%

38.6 % (2015 ) 40.6 % (2015 )

$516,000 (15 ) $799,500 (32 )

$816,000 (35 )

$585,565 (12 ) $762,000 (37 )

$405,000 (33 )

$678,900

$346,300 $499,600

$454,000 (18 )

$756,450

$384,000 (21 ) $568,500 (58 )

40.6%

WESTERN BAY OF PLENTY Katikati Omokoroa

TAURANGA Bellevue Bethlehem

$770,650

$738,000 (53 )

45.5%

34.4%

Brookfield

$563,350

$562,450

0.2%

$551,400

2.0%

$491,950

14.3%

$347,300

61.9%

50.1 % (2015 )

$542,500 (20 )

$490,000 (17 )

$593,500 (20 )

$492,750 (30 )

$371,750 (38 )

45.9%

Gate Pa

$458,050

$454,650

-0.9%

$443,350

2.5%

$409,950

10.9%

$288,600

57.5%

49.1 % (2015 )

$443,000 (38 )

$435,000 (23 )

$431,000 (35 )

$401,000 (55 )

$298,000 (48 )

48.7%

Greerton

$501,650

$496,700

-0.5%

$492,800

0.8%

$464,050

7.0%

$326,300

52.2%

39.4 % (2015 )

$486,500 (24 )

$454,500 (24 )

$453,500 (18 )

$442,500 (30 )

$353,000 (43 )

37.8%

Hairini

$522,000

$524,350

1.7%

$524,650

-0.1%

$463,250

13.2%

$344,600

52.2%

46.7 % (2015 )

$565,000 (13 )

$563,500 (18 )

$455,500 (10 )

$392,000 (23 )

$303,000 (18 )

86.5%

Judea

$516,350

$515,200

0.4%

$506,000

1.8%

$451,400

14.1%

$324,700

58.7%

47.0 % (2015 )

$464,000 (20 )

$435,000 (15 )

$541,250 (16 )

$394,000 (30 )

$295,500 (28 )

57.0%

Matua

$810,950

$803,750

-1.9%

$797,100

0.8%

$736,550

9.1%

$547,800

46.7%

40.0 % (2015 )

$725,000 (30 )

$689,500 (38 )

$671,250 (24 )

$700,000 (43 )

$436,000 (35 )

66.3%

Maungatapu

$626,750

$619,700

0.0%

$623,850

-0.7%

$567,900

9.1%

$441,600

40.3%

42.1 % (2015 )

$518,000 (6 )

$563,000 (13 )

$494,000 (17 )

$571,000 (20 )

$426,000 (19 )

21.6%

Mount Maunganui Ohauiti Ōtūmoetai Papamoa Beach

$890,600 $697,400 $721,850 $701,600

$881,350 $691,950 $716,500 $699,950

-0.1% -0.8% -1.6% 0.4%

$830,800 $688,600 $711,950 $688,900

6.1% 0.5% 0.6% 1.6%

$745,900 $636,000 $647,300 $640,350

18.2% 8.8% 10.7% 9.3%

$551,500 $462,100

59.8% 49.7%

47.0 % (2015 ) 43.2 % (2015 )

$627,000 (125 ) $726,000 (20 )

$613,000 (105 ) $671,500 (18 )

$641,500 (114 ) $640,000 (15 )

$624,000 (185 ) $657,000 (23 )

$482,500 (162 ) $540,000 (26 )

29.9% 34.4%

Parkvale Pyes Pa

$446,600 $703,650

$445,500 $699,450

1.2% -0.7%

$424,950 $706,700

4.8% -1.0%

$395,150 $649,750

12.7% 7.6%

$487,900 $464,200 $278,600 $475,200

46.9% 50.8% 59.9% 47.2%

41.8 % (2015 ) 38.1 % (2015 ) 50.4 % (2015 ) 35.0 % (2015 )

$602,500 (52 ) $664,500 (158 ) $438,000 (9 ) $695,000 (78 )

$591,000 (51 ) $664,000 (160 ) $373,500 (8 ) $699,000 (74 )

$651,000 (53 ) $649,500 (184 ) $443,250 (12 ) $668,000 (58 )

$568,500 (76 ) $611,350 (295 ) $392,500 (16 ) $607,000 (80 )

$463,000 (63 ) $457,000 (198 ) $291,250 (24 ) $510,000 (59 )

30.1% 45.4% 50.4% 36.3%

Tauranga South

$615,950

$612,000

-0.9%

$608,100

0.6%

$547,950

11.7%

$420,300

45.6%

44.0 % (2015 )

$590,000 (24 )

$607,000 (25 )

$662,000 (19 )

$600,000 (44 )

$408,000 (42 )

44.6%

Welcome Bay

$592,350

$592,550

0.9%

$588,500

0.7%

$533,500

11.1%

$379,800

56.0%

41.5 % (2015 )

$574,500 (47 )

$578,500 (48 )

$609,500 (44 )

$530,000 (82 )

$401,000 (82 )

43.3%

ROTORUA Fairy Springs Fordlands

$334,200 $192,300

$331,700 $190,550

0.4% 3.0%

$307,550 $171,350

7.9% 11.2%

$250,550 $133,850

32.4% 42.4%

$228,400 $124,400

45.2% 53.2%

11.1 % (2017 ) 9.3 % (2017 )

$378,000 (7 ) $184,500 (4 )

$353,000 (12 ) $192,000 (7 )

$328,500 (12 ) $172,500 (10 )

$250,000 (12 ) $121,500 (10 )

$277,550 (8 ) $107,000 (5 )

36.2% 72.4%

Glenholme

$462,450

$458,200

0.5%

$411,350

11.4%

$365,600

25.3%

$325,100

40.9%

5.5 % (2017 )

$424,000 (17 )

$425,000 (17 )

$415,000 (25 )

$374,000 (35 )

$322,000 (28 )

31.7%

Hillcrest

$382,200

$381,350

1.2%

$331,450

15.1%

$301,450

26.5%

$263,900

44.5%

11.4 % (2017 )

$409,000 (7 )

$360,500 (8 )

$344,100 (6 )

$290,000 (13 )

$239,000 (6 )

71.1%

Kawaha Point

$507,900

$502,950

1.6%

$465,050

8.1%

$405,200

24.1%

$387,100

29.9%

1.7 % (2017 )

$322,500 (2 )

$370,000 (7 )

$337,000 (11 )

$395,250 (20 )

$352,500 (12 )

-8.5%

Koutu

$297,650

$295,800

0.3%

$271,450

9.0%

$215,950

37.0%

$203,000

45.7%

0.0 % (2017 )

$221,000 (5 )

$223,000 (5 )

$271,000 (9 )

$162,500 (14 )

$121,500 (6 )

81.9%

Lynmore

$618,500

$609,050

1.7%

$561,150

8.5%

$486,050

25.3%

$404,400

50.6%

6.5 % (2017 )

$553,000 (14 )

$568,000 (15 )

$508,500 (19 )

$439,000 (19 )

$367,000 (25 )

50.7%

Mangakakahi

$313,450

$313,200

0.7%

$289,350

8.2%

$244,800

27.9%

$212,300

47.5%

1.9 % (2017 )

$267,000 (11 )

$285,000 (12 )

$309,500 (14 )

$234,750 (34 )

$181,000 (9 )

47.5%

Ngongotahā

$413,550

$409,400

1.3%

$370,500

10.5%

$320,300

27.8%

$283,400

44.5%

5.1 % (2017 )

$486,000 (15 )

$415,500 (16 )

$351,000 (15 )

$291,000 (30 )

$207,000 (26 )

134.8%

Ōwhata

$405,000

$403,750

0.8%

$369,300

9.3%

$314,500

28.4%

$273,900

47.4%

3.6 % (2017 )

$358,000 (24 )

$332,000 (27 )

$328,000 (44 )

$268,500 (69 )

$238,000 (49 )

50.4%

Pukehāngı̄

$397,100

$395,550

2.0%

$357,950

10.5%

$310,900

27.2%

$267,800

47.7%

7.7 % (2017 )

$329,000 (22 )

$307,500 (18 )

$303,625 (24 )

$275,000 (45 )

$253,000 (28 )

30.0%

Springfield

$520,800

$519,250

3.5%

$483,600

7.4%

$420,450

23.5%

$370,000

40.3%

5.9 % (2017 )

$495,500 (18 )

$486,000 (15 )

$457,000 (25 )

$402,500 (28 )

$339,500 (10 )

45.9%

Utuhina

$375,800

$376,150

0.2%

$329,450

14.2%

$290,400

29.5%

$250,700

50.0%

6.9 % (2017 )

$361,160 (7 )

$384,000 (6 )

$300,900 (3 )

$282,500 (14 )

$218,250 (6 )

65.5%

Smart property decisions start here

September 3, 2018 | OneRoof.co.nz PROPERTY REPORT E-Valuer estimate of median value at 31JUL2018

E-Valuer estimate of median value at 30JUN2018

E-Valuer value change in 3 months to 30JUN2018

$295,750

$294,900

0.8%

WHAKATĀNE/KAWERAU/ŌPŌTIKI Kawerau $228,000

$226,800

Ōpōtiki

$249,200

$248,650

Whakatāne

$412,400

$413,100

-0.9%

Western Heights

E-Valuer estimate of E-Valuer value E-Valuer estimate of median value at change in year median value at 30JUN2017 to 30JUN2018 30JUN2016

E-Valuer value change in 2 years to 30JUN2018

E-Valuer estimate of median value at market peak (31OCT2007)

$264,000

11.7%

$221,250

33.3%

$204,900

43.9%

7.0 % (2017 )

$254,500 (4 )

$279,000 (13 )

$238,500 (22 )

$233,500 (32 )

$149,750 (14 )

69.9%

0.6%

$185,750

22.1%

$232,000 (35 )

$172,000 (47 )

27.3%

$192,000 (5 )

$249,000 (17 )

$232,500 (15 )

$142,000 (74 ) $180,000 (27 )

$92,000 (47 ) $166,000 (21 )

137.5%

33.2%

124.4 % (2015 ) 16.6 % (2016 )

$218,500 (20 )

5.9%

$148,500 $195,300

52.7%

$234,700

$144,800 $186,650

56.6%

-3.0%

$391,350

5.6%

$341,800

20.9%

$317,700

30.0%

22.3 % (2016 )

$374,000 (67 )

$391,250 (70 )

$375,750 (82 )

$326,000 (120 )

$271,000 (68 )

38.0%

43.8%

15.7%

LOWER NORTH ISLAND GISBORNE/HAWKES BAY Akina

$373,300

$369,800

2.0%

$332,900

11.1%

$276,800

33.6%

$256,500

44.2%

25.6 % (2016 )

$348,000 (21 )

$359,000 (23 )

$303,750 (32 )

$274,500 (28 )

$242,000 (19 )

Bluff Hill

$720,600

$722,300

1.7%

$608,950

18.6%

$517,550

39.6%

$515,700

40.1%

8.4 % (2017 )

$495,000 (15 )

$495,000 (21 )

$410,750 (14 )

$445,000 (22 )

$407,500 (23 )

21.5%

Flaxmere

$233,100

$231,250

1.6%

$217,350

6.4%

$179,800

28.6%

$178,200

29.8%

20.3 % (2016 )

$191,000 (36 )

$182,000 (39 )

$212,000 (40 )

$171,000 (47 )

$146,000 (27 )

30.8%

Frimley

$524,900

$518,800

-0.2%

$473,950

9.5%

$398,050

30.3%

$364,200

42.4%

21.3 % (2016 )

$587,500 (8 )

$539,000 (19 )

$424,500 (24 )

$290,000 (13 )

$325,000 (19 )

80.8%

Gisborne

$289,400

$286,100

2.7%

$255,700

11.9%

$233,950

22.3%

$271,200

5.5%

4.4 % (2017 )

$260,500 (10 )

$301,000 (5 )

$241,750 (8 )

$261,000 (18 )

$252,000 (5 )

3.4%

Greenmeadows

$556,650

$555,050

2.3%

$485,850

14.2%

$425,300

30.5%

$375,800

47.7%

11.0 % (2017 )

$519,000 (39 )

$519,000 (31 )

$462,000 (28 )

$422,000 (46 )

$328,000 (37 )

58.2%

Havelock North

$668,750

$665,950

0.9%

$613,100

8.6%

$515,600

29.2%

$465,200

43.2%

23.9 % (2016 )

$663,000 (56 )

$649,500 (53 )

$636,500 (88 )

$506,000 (121 )

$457,000 (100 )

45.1%

Hospital Hill

$657,750

$663,700

3.9%

$567,150

17.0%

$485,550

36.7%

$471,700

40.7%

8.3 % (2017 )

$519,500 (12 )

$522,000 (16 )

$534,800 (13 )

$354,000 (23 )

$395,000 (17 )

31.5%

Inner Kaiti

$353,150

$351,950

3.6%

$320,100

10.0%

$273,050

28.9%

$321,400

9.5%

11.0 % (2017 )

$467,500 (6 )

$400,000 (7 )

$344,000 (15 )

$307,500 (17 )

$212,750 (6 )

119.7%

Mahora

$425,700

$422,400

0.6%

$386,000

9.4%

$325,150

29.9%

$297,700

41.9%

21.6 % (2016 )

$399,000 (15 )

$430,750 (18 )

$363,000 (17 )

$307,500 (23 )

$323,000 (24 )

23.5%

Mangapapa

$291,800

$288,650

4.7%

$256,000

12.8%

$219,150

31.7%

$239,500

20.5%

10.9 % (2017 )

$265,000 (23 )

$275,000 (20 )

$257,000 (25 )

$227,500 (32 )

$201,000 (17 )

31.8%

Maraenui

$254,500

$251,600

-0.3%

$221,850

13.4%

$178,050

41.3%

$194,700

29.2%

10.8 % (2017 )

$244,000 (13 )

$249,250 (12 )

$217,000 (19 )

$174,000 (14 )

$146,000 (7 )

67.1%

Marewa

$394,500

$390,750

0.9%

$338,000

15.6%

$288,600

35.4%

$270,400

44.5%

8.7 % (2017 )

$396,000 (23 )

$367,000 (27 )

$327,000 (32 )

$284,500 (35 )

$232,000 (31 )

70.7%

Mayfair

$369,100

$366,750

-0.4%

$338,650

8.3%

$281,500

30.3%

$261,900

40.0%

24.7 % (2016 )

$366,000 (22 )

$309,000 (15 )

$331,000 (29 )

$270,000 (35 )

$232,000 (25 )

57.8%

Napier South

$451,050

$456,450

2.6%

$395,050

15.5%

$328,800

38.8%

$288,600

58.2%

8.5 % (2017 )

$414,000 (29 )

$449,000 (29 )

$407,000 (32 )

$344,000 (46 )

$267,500 (23 )

54.8%

Onekawa

$390,400

$389,550

1.4%

$345,500

12.7%

$290,650

34.0%

$264,400

47.3%

6.9 % (2017 )

$400,500 (28 )

$407,000 (23 )

$371,500 (33 )

$295,000 (44 )

$268,000 (33 )

49.4%

Parkvale

$395,400

$391,250

-1.2%

$359,100

9.0%

$304,300

28.6%

$283,200

38.2%

24.0 % (2016 )

$338,500 (18 )

$380,750 (18 )

$356,500 (24 )

$270,500 (38 )

$279,600 (19 )

21.1%

Pirimai

$417,700

$418,950

4.6%

$370,400

13.1%

$306,100

36.9%

$272,300

53.9%

10.2 % (2017 )

$420,660 (19 )

$415,000 (17 )

$367,000 (23 )

$304,500 (21 )

$262,000 (24 )

60.6%

Raureka

$372,500

$369,450

0.9%

$341,650

8.1%

$281,650

31.2%

$270,500

36.6%

23.6 % (2016 )

$324,500 (18 )

$324,000 (16 )

$372,000 (19 )

$314,000 (28 )

$218,000 (17 )

48.9%

Riverdale

$382,250

$380,050

5.7%

$344,500

10.3%

$288,850

31.6%

$311,400

22.0%

6.0 % (2017 )

$352,500 (8 )

$328,000 (9 )

$269,500 (6 )

$277,000 (11 )

$229,000 (6 )

53.9%

Saint Leonards

$384,200

$381,050

0.7%

$346,350

10.0%

$292,250

30.4%

$270,200

41.0%

24.5 % (2016 )

$377,500 (17 )

$377,750 (16 )

$329,250 (17 )

$282,500 (20 )

$224,000 (17 )

68.5%

Tamatea

$421,250

$423,650

4.1%

$365,300

16.0%

$321,250

31.9%

$289,500

46.3%

7.1 % (2017 )

$414,000 (31 )

$420,500 (28 )

$377,000 (29 )

$315,000 (23 )

$268,000 (26 )

54.5%

Taradale

$551,200

$549,500

1.4%

$481,100

14.2%

$419,200

31.1%

$364,600

50.7%

8.6 % (2017 )

$531,000 (71 )

$548,700 (59 )

$487,750 (60 )

$380,000 (67 )

$353,000 (77 )

50.4%

Te Hapara

$281,900

$279,450

3.4%

$247,450

12.9%

$210,850

32.5%

$245,800

13.7%

8.4 % (2017 )

$305,250 (28 )

$277,000 (30 )

$270,500 (34 )

$214,000 (42 )

$216,500 (26 )

41.0%

Waipukurau

$313,500

$311,700

4.4%

$264,300

17.9%

$225,800

38.0%

$228,200

36.6%

51.1 % (2015 )

$264,000 (37 )

$263,000 (27 )

$238,500 (48 )

$209,000 (57 )

$190,000 (29 )

38.9%

Whataupoko

$425,750

$424,900

1.6%

$393,500

8.0%

$338,900

25.4%

$370,200

14.8%

3.3 % (2017 )

$450,500 (22 )

$435,500 (26 )

$369,500 (28 )

$343,500 (32 )

$303,750 (20 )

48.3%

$399,100 $201,700

$400,500 $199,800

5.2% 6.6%

$343,400

49.3%

$286,590 (48 ) $138,000 (49 )

$256,500 (46 )

17.7%

$379,000 (43 ) $175,000 (51 )

$290,000 (36 )

$169,800

9.3 % (2017 ) 18.3 % (2017 )

$374,750 (40 )

$155,900

36.2% 28.2%

$268,300

$171,050

16.6% 16.8%

$294,050

Dannevirke

$160,000 (38 )

46.1% 9.4%

Featherston

$352,500

$349,850

5.6%

$282,200

24.0%

$214,750

62.9%

$224,400

55.9%

15.7 % (2017 )

$334,000 (14 )

$319,000 (18 )

$296,000 (23 )

$199,250 (36 )

$192,000 (26 )

74.0%

Greytown

$595,850

$592,750

3.1%

$506,650

17.0%

$437,800

35.4%

$379,500

56.2%

6.6 % (2017 )

$642,000 (12 )

$549,500 (10 )

$488,000 (22 )

$410,500 (42 )

$335,500 (16 )

91.4%

Lansdowne

$378,900

$375,600

3.1%

$329,950

13.8%

$268,550

39.9%

$273,000

37.6%

7.4 % (2017 )

$335,500 (32 )

$367,000 (37 )

$280,500 (25 )

$266,000 (41 )

$240,250 (24 )

39.6%

Martinborough Masterton

$527,100 $326,000

$528,200 $324,600

4.3% 2.9%

$448,600 $285,500

17.7% 13.7%

$386,500 $238,050

36.7% 36.4%

$345,500 $241,600

52.9% 34.4%

7.6 % (2017 ) 6.9 % (2017 )

$485,000 (17 ) $291,000 (56 )

$480,000 (20 ) $331,500 (64 )

$366,000 (15 ) $305,000 (51 )

$334,000 (31 ) $225,000 (75 )

$333,000 (14 ) $205,000 (38 )

45.6% 42.0%

Pahiatua

$216,700

$213,750

4.2%

$191,400

11.7%

$175,150

22.0%

$164,200

30.2%

6.9 % (2017 )

$208,500 (32 )

$190,000 (25 )

$174,000 (27 )

$154,000 (31 )

$138,000 (21 )

51.1%

Solway

$348,150

$344,400

3.2%

$302,200

14.0%

$255,100

35.0%

$248,000

38.9%

11.2 % (2017 )

$338,550 (32 )

$326,000 (45 )

$293,786 (47 )

$238,375 (36 )

$218,000 (27 )

55.3%

TARANAKI/WANGANUI Aramoho Bell Block

$213,600

$214,400

$190,200 $441,600

$165,750 $413,300

29.4%

31.7 % (2016 )

11.7%

$184,900 $346,000

16.0%

$461,450

3.5% 1.1%

12.7%

$462,900

33.4%

8.1 % (2016 )

$189,500 (44 ) $459,500 (39 )

$185,000 (39 ) $402,000 (37 )

$171,000 (26 ) $379,000 (41 )

$170,000 (15 ) $444,500 (36 )

$142,000 (18 ) $354,000 (37 )

29.8%

Castlecliff

$183,700

$182,000

2.4%

$153,550

18.5%

$129,400

40.6%

$152,800

19.1%

35.4 % (2016 )

$151,500 (28 )

$156,000 (41 )

$147,250 (26 )

$123,000 (32 )

$79,500 (30 )

90.6%

Frankleigh Park

$452,800

$451,300

0.4%

$429,200

5.1%

$403,200

11.9%

$351,200

28.5%

8.9 % (2016 )

$406,500 (15 )

$479,000 (13 )

$344,500 (20 )

$351,000 (20 )

$369,000 (17 )

10.2%

Gonville

$202,100

$200,850

4.0%

$176,050

14.1%

$151,050

33.0%

$172,100

16.7%

32.3 % (2016 )

$208,500 (32 )

$173,500 (39 )

$151,000 (45 )

$156,500 (38 )

$93,000 (25 )

124.2%

Hawera

$270,800

$270,100

1.7%

$246,600

9.5%

$240,900

12.1%

$240,700

12.2%

14.7 % (2015 )

$238,000 (70 )

$244,000 (72 )

$226,000 (73 )

$222,000 (79 )

$241,750 (66 )

-1.6%

Highlands Park

$591,200

$587,550

1.1%

$574,600

2.3%

$536,300

9.6%

$477,200

23.1%

5.0 % (2016 )

$557,000 (16 )

$588,500 (4 )

$567,000 (11 )

$456,000 (12 )

$484,000 (17 )

15.1%

Inglewood

$352,000

$354,700

0.3%

$344,000

3.1%

$313,650

13.1%

$267,300

32.7%

13.9 % (2016 )

$332,000 (31 )

$344,500 (34 )

$325,000 (34 )

$272,000 (26 )

$265,000 (41 )

25.3%

Merrilands

$513,700

$513,250

0.7%

$496,600

3.4%

$462,900

10.9%

$394,800

30.0%

7.5 % (2016 )

$417,000 (23 )

$462,000 (20 )

$489,500 (22 )

$387,000 (26 )

$437,500 (24 )

-4.7%

New Plymouth

$551,950

$554,750

0.5%

$523,250

6.0%

$488,350

13.6%

$414,200

33.9%

8.5 % (2016 )

$510,000 (27 )

$618,500 (34 )

$537,750 (30 )

$408,500 (34 )

$350,500 (26 )

45.5% 37.7%

TARARUA/WAIRARAPA Carterton

4.5%

$175,000 (56 )

$163,000 (60 )

33.5%

Saint Johns Hill

$379,600

$379,850

3.4%

$331,750

14.5%

$308,250

23.2%

$312,600

21.5%

19.3 % (2016 )

$397,950 (21 )

$349,500 (14 )

$309,000 (13 )

$289,000 (13 )

$289,000 (10 )

Spotswood

$338,200

$338,800

0.3%

$326,750

3.7%

$314,900

7.6%

$252,900

34.0%

6.7 % (2016 )

$334,000 (15 )

$320,750 (19 )

$321,000 (19 )

$311,500 (24 )

$313,000 (12 )

6.7%

Springvale

$319,500

$318,100

4.9%

$283,400

12.2%

$254,300

25.1%

$263,700

20.6%

19.8 % (2016 )

$324,000 (33 )

$289,000 (31 )

$274,000 (21 )

$251,000 (35 )

$219,000 (31 )

47.9%

Strandon

$595,800

$600,400

0.8%

$581,000

3.3%

$524,950

14.4%

$422,800

42.0%

7.3 % (2016 )

$477,000 (13 )

$447,000 (14 )

$500,000 (15 )

$435,000 (19 )

$362,000 (19 )

31.8%

Stratford

$274,600

$274,300

3.1%

$250,450

9.5%

$228,000

20.3%

$214,100

28.1%

5.9 % (2017 )

$243,000 (48 )

$247,500 (54 )

$251,000 (35 )

$210,500 (46 )

$230,000 (34 )

5.7%

Tawhero

$282,950

$281,150

4.5%

$248,200

13.3%

$220,100

27.7%

$223,300

25.9%

23.5 % (2016 )

$254,500 (18 )

$230,000 (16 )

$220,500 (20 )

$226,500 (20 )

$235,000 (11 )

8.3%

Vogeltown

$388,950

$391,700

-0.6%

$380,300

3.0%

$351,550

11.4%

$300,100

30.5%

3.6 % (2016 )

$338,000 (13 )

$357,500 (12 )

$314,000 (9 )

$386,525 (14 )

$310,000 (13 )

9.0%

Waitara

$286,550

$284,000

3.2%

$275,200

3.2%

$255,400

11.2%

$220,500

28.8%

5.2 % (2016 )

$270,000 (33 )

$277,000 (25 )

$258,000 (22 )

$245,000 (21 )

$235,000 (37 )

14.9% 37.4%

Whanganui

$198,600

$197,400

3.4%

$176,250

12.0%

$150,200

31.4%

$179,800

9.8%

38.0 % (2016 )

$180,000 (49 )

$160,000 (39 )

$159,250 (42 )

$138,750 (28 )

$131,000 (24 )

Whanganui East

$222,400

$222,200

4.3%

$197,700

12.4%

$172,600

28.7%

$182,300

21.9%

27.4 % (2016 )

$197,000 (52 )

$201,000 (53 )

$186,000 (40 )

$170,000 (29 )

$148,000 (20 )

33.1%

Westown

$408,400

$405,850

1.1%

$390,600

3.9%

$363,650

11.6%

$314,400

29.1%

7.4 % (2016 )

$378,300 (31 )

$394,000 (38 )

$354,500 (39 )

$339,500 (32 )

$299,500 (46 )

26.3%

RANGITIKEI/MANAWATU Ashhurst Awapuni

$359,600

$358,100

3.6%

$324,650

10.3%

$281,500

27.2%

$257,300

39.2%

36.6 % (2015 )

$369,000 (25 )

$336,000 (22 )

$323,000 (16 )

$239,000 (25 )

$274,000 (21 )

34.7%

$376,500

$374,700

1.1%

$342,150

9.5%

$299,600

25.1%

$282,200

32.8%

34.4 % (2015 )

$375,750 (36 )

$359,000 (45 )

$329,000 (59 )

$324,500 (46 )

$274,000 (47 )

37.1%

Feilding

$370,200

$365,300

1.6%

$336,150

8.7%

$297,550

22.8%

$275,100

32.8%

21.4 % (2016 )

$334,000 (113 )

$317,750 (118 )

$340,000 (122 )

$260,000 (103 )

$252,000 (107 )

32.5%

Fitzherbert

$595,400

$591,200

1.9%

$549,150

7.7%

$500,950

18.0%

$477,800

23.7%

21.2 % (2015 )

$559,000 (19 )

$590,203 (18 )

$553,000 (26 )

$494,500 (28 )

$462,000 (21 )

21.0%

Highbury

$317,050

$315,100

2.0%

$289,250

8.9%

$252,100

25.0%

$242,600

29.9%

36.9 % (2015 )

$285,000 (29 )

$311,250 (32 )

$295,000 (29 )

$248,000 (34 )

$212,500 (30 )

34.1%

Hokowhitu

$504,100

$502,550

3.2%

$465,600

7.9%

$420,550

19.5%

$398,100

26.2%

28.9 % (2015 )

$442,000 (51 )

$436,000 (54 )

$475,500 (44 )

$373,000 (58 )

$348,000 (66 )

27.0%

Kelvin Grove

$466,200

$463,450

2.4%

$435,900

6.3%

$384,350

20.6%

$336,500

37.7%

26.6 % (2015 )

$512,000 (49 )

$479,500 (56 )

$501,500 (40 )

$364,000 (54 )

$369,000 (47 )

38.8%

Marton

$227,900

$226,350

3.4%

$198,000

14.3%

$163,400

38.5%

$183,700

23.2%

12.6 % (2017 )

$213,000 (45 )

$247,000 (40 )

$166,000 (59 )

$122,000 (55 )

$143,500 (24 )

48.4%

Milson

$379,900

$376,300

1.3%

$354,200

6.2%

$310,500

21.2%

$284,100

32.5%

33.9 % (2015 )

$362,500 (42 )

$356,000 (27 )

$354,000 (35 )

$277,000 (33 )

$272,000 (25 )

33.3%

Palmerston North

$389,900

$386,650

2.0%

$353,800

9.3%

$315,300

22.6%

$300,000

28.9%

30.2 % (2015 )

$413,500 (48 )

$431,875 (50 )

$378,000 (36 )

$315,000 (43 )

$304,000 (33 )

36.0%

Roslyn

$322,100

$322,700

1.9%

$295,900

9.1%

$258,450

24.9%

$241,200

33.8%

38.6 % (2015 )

$315,500 (40 )

$307,500 (40 )

$286,500 (40 )

$254,000 (37 )

$241,500 (26 )

30.6%

Tākaro

$333,800

$332,350

4.0%

$301,950

10.1%

$268,300

23.9%

$251,400

32.2%

31.4 % (2015 )

$341,000 (37 )

$333,000 (32 )

$304,000 (35 )

$247,000 (42 )

$249,000 (29 )

36.9%

Terrace End

$394,950

$392,000

2.3%

$358,700

9.3%

$319,450

22.7%

$298,200

31.5%

32.1 % (2015 )

$343,000 (30 )

$380,250 (32 )

$370,000 (36 )

$321,500 (32 )

$308,000 (32 )

11.4%

Smart property decisions start here

September 3, 2018 | OneRoof.co.nz PROPERTY REPORT

West End HOROWHENUA/KĀPITI Foxton Foxton Beach

E-Valuer estimate of median value at 31JUL2018

E-Valuer estimate of median value at 30JUN2018

E-Valuer value change in 3 months to 30JUN2018

E-Valuer estimate of E-Valuer value E-Valuer estimate of median value at change in year median value at 30JUN2017 to 30JUN2018 30JUN2016

E-Valuer value change in 2 years to 30JUN2018

E-Valuer estimate of median value at market peak (31OCT2007)

$365,950

$365,150

2.6%

$334,800

9.1%

$235,250 $341,650

$236,800

4.6%

$340,400

2.6%

$207,100 $303,900

$298,750

22.2%

$282,900

29.1%

30.5 % (2015 )

$383,000 (24 )

$375,000 (27 )

$314,500 (34 )

$276,500 (30 )

$229,000 (31 )

67.2%

14.3%

$162,600

37.5 % (2016 )

$225,500 (16 ) $314,500 (29 )

$205,000 (18 ) $298,000 (38 )

$252,000 (22 ) $276,500 (38 )

$157,000 (34 )

$250,400

37.9% 35.9%

46.4 % (2016 )

$250,000

45.6% 36.2%

$171,700

12.0%

$209,500 (32 )

$136,000 (13 ) $209,000 (16 )

65.8% 50.5%

Levin

$321,100

$321,950

3.2%

$283,700

13.5%

$235,950

36.4%

$237,100

35.8%

34.0 % (2016 )

$287,000 (148 )

$285,000 (150 )

$265,000 (153 )

$229,500 (200 )

$182,000 (118 )

57.7%

Ōtaki

$397,350

$395,200

1.4%

$345,900

14.3%

$288,000

37.2%

$262,000

50.8%

7.3 % (2017 )

$402,790 (32 )

$367,000 (33 )

$325,000 (29 )

$274,000 (37 )

$237,250 (40 )

69.8%

Ōtaki Beach

$400,850

$399,200

1.4%

$346,400

15.2%

$295,950

34.9%

$276,500

44.4%

8.8 % (2017 )

$381,000 (22 )

$362,000 (21 )

$387,100 (10 )

$254,250 (12 )

$236,500 (18 )

61.1%

Paraparaumu

$534,350

$533,050

1.4%

$489,000

9.0%

$403,150

32.2%

$355,900

49.8%

5.6 % (2017 )

$489,000 (73 )

$513,000 (58 )

$476,500 (58 )

$355,000 (74 )

$346,500 (70 )

41.1%

Paraparaumu Beach

$597,200

$593,800

0.8%

$550,450

7.9%

$469,900

26.4%

$409,400

45.0%

5.8 % (2017 )

$599,500 (58 )

$604,000 (50 )

$504,500 (62 )

$449,000 (79 )

$387,000 (73 )

54.9%

Raumati Beach

$602,150

$601,200

1.0%

$559,950

7.4%

$465,750

29.1%

$415,700

44.6%

5.8 % (2017 )

$558,500 (24 )

$535,000 (24 )

$481,000 (33 )

$414,742 (26 )

$319,000 (25 )

75.1%

Raumati South

$617,400

$611,650

2.0%

$555,900

10.0%

$475,600

28.6%

$414,900

47.4%

10.2 % (2017 )

$539,000 (19 )

$537,000 (19 )

$495,000 (21 )

$454,000 (25 )

$377,000 (23 )

43.0%

Waikanae

$584,600

$584,800

2.7%

$527,800

10.8%

$456,200

28.2%

$378,900

54.3%

7.5 % (2017 )

$546,500 (60 )

$559,000 (47 )

$520,000 (54 )

$414,500 (61 )

$381,000 (57 )

43.4%

Waikanae Beach

$663,850

$657,450

1.5%

$603,450

8.9%

$496,250

32.5%

$420,800

56.2%

6.4 % (2017 )

$691,500 (28 )

$677,500 (20 )

$552,000 (23 )

$501,775 (23 )

$414,000 (20 )

67.0%

$847,250

$784,350

17.5% 29.4%

N/A

N/A 48.5%

14.7 % (2016 ) 19.4 % (2016 )

$810,000 (21 ) $442,000 (8 )

$774,087 (23 )

$557,000 (18 )

45.4%

$427,200 (6 )

$827,500 (22 ) $364,000 (11 )

$681,500 (28 )

$285,200

$299,000 (7 )

$270,500 (5 )

63.4% 47.8%

GREATER WELLINGTON PORIRUA Aotea

$849,800 $425,250

$423,400

2.8% 2.3%

$382,850

8.0% 10.6%

$720,800

Ascot Park Cannons Creek

$343,300

$340,950

-0.7%

$292,400

16.6%

$253,200

34.7%

$222,800

53.0%

29.8 % (2016 )

$346,500 (24 )

$358,800 (15 )

$304,000 (17 )

$245,000 (9 )

$234,500 (12 )

Papakowhai

$648,700

$653,850

5.5%

$614,500

6.4%

$542,450

20.5%

$463,400

41.1%

13.9 % (2016 )

$654,500 (18 )

$629,500 (12 )

$588,850 (8 )

$529,000 (13 )

$432,000 (11 )

51.5%

Paremata

$709,750

$698,900

0.6%

$661,400

5.7%

$587,550

19.0%

$512,500

36.4%

16.8 % (2016 )

$632,000 (11 )

$614,000 (11 )

$573,000 (12 )

$619,575 (17 )

$512,000 (11 )

23.4%

$327,100

Plimmerton

$759,900

$756,050

1.3%

$704,400

7.3%

$631,550

19.7%

$560,800

34.8%

13.9 % (2016 )

$780,500 (11 )

$672,000 (9 )

$790,000 (8 )

$723,500 (13 )

$509,500 (14 )

53.2%

Rānui

$405,400

$404,750

1.0%

$348,100

16.3%

$311,400

30.0%

$265,900

52.2%

22.8 % (2016 )

$354,000 (13 )

$393,000 (14 )

$334,000 (5 )

$392,000 (11 )

$274,500 (14 )

29.0%

Titahi Bay

$485,400

$482,600

2.0%

$449,650

7.3%

$379,850

27.1%

$335,900

43.7%

21.2 % (2016 )

$479,250 (40 )

$495,000 (29 )

$444,000 (36 )

$359,500 (52 )

$322,000 (31 )

48.8%

Whitby

$693,700

$689,250

0.6%

$636,400

8.3%

$567,700

21.4%

$491,900

40.1%

12.3 % (2016 )

$672,000 (58 )

$674,000 (37 )

$627,750 (50 )

$562,000 (59 )

$473,000 (66 )

42.1%

UPPER HUTT Birchville

$449,650

$363,900

$275,750 (10 )

46.5%

17.1 % (2016 )

$457,000 (14 )

$389,550 (15 ) $416,750 (16 )

$335,000 (13 )

$323,000

$404,000 (13 ) $502,000 (9 )

$430,000 (12 )

$361,300

44.0% 38.4%

15.0 % (2016 )

7.7%

23.3% 23.7%

$311,700

1.2%

$421,050 $414,900

6.6%

$444,850

$448,750 $447,000

0.9%

Ebdentown

$394,500 (17 )

$317,000 (13 )

58.4%

Elderslea

$484,000

$482,250

2.9%

$445,550

8.2%

$380,100

26.9%

$358,100

34.7%

19.1 % (2016 )

$464,000 (15 )

$487,000 (13 )

$486,000 (14 )

$366,000 (13 )

$329,000 (25 )

41.0%

Pinehaven

$526,400

$526,250

1.1%

$484,150

8.7%

$432,500

21.7%

$372,700

41.2%

16.5 % (2016 )

$460,500 (8 )

$560,000 (9 )

$462,990 (11 )

$447,000 (9 )

$349,000 (13 )

31.9%

Silverstream

$597,200

$593,700

0.8%

$551,900

7.6%

$481,100

23.4%

$426,100

39.3%

17.8 % (2016 )

$644,000 (27 )

$643,500 (18 )

$537,000 (23 )

$472,500 (22 )

$394,000 (18 )

63.5% 43.5%

Totara Park

$462,600

$460,750

1.7%

$410,900

12.1%

$371,000

24.2%

$319,600

44.2%

14.9 % (2016 )

$419,000 (12 )

$429,250 (20 )

$398,000 (23 )

$356,000 (20 )

$292,000 (15 )

Trentham

$456,000

$455,000

0.7%

$423,500

7.4%

$366,150

24.3%

$315,400

44.3%

18.4 % (2016 )

$476,500 (23 )

$502,500 (30 )

$417,500 (42 )

$370,000 (58 )

$303,000 (40 )

57.3%

Wallaceville

$435,150

$433,000

-0.5%

$403,800

7.2%

$347,200

24.7%

$299,400

44.6%

20.6 % (2016 )

$336,000 (13 )

$336,000 (15 )

$513,000 (7 )

$368,418 (14 )

$272,000 (12 )

23.5%

$520,150 $621,700

$518,800

1.9%

$366,200 $480,200

41.7% 29.9%

12.5 % (2016 ) 13.3 % (2016 )

$502,786 (17 ) $697,000 (11 )

$470,500 (18 )

$527,000 (23 )

$381,000 (25 )

4.6%

$431,600 $529,600

20.2%

0.2%

$495,600 $596,400

4.7%

$623,800

$585,500 (14 )

$492,000 (15 )

$537,000 (17 )

$345,250 (16 ) $434,000 (13 )

60.6%

Boulcott

$668,250

$661,750

2.2%

$620,000

6.7%

$549,000

20.5%

$468,100

41.4%

11.4 % (2016 )

$596,250 (12 )

$619,000 (9 )

$625,600 (22 )

$455,750 (14 )

$612,000 (9 )

-2.6%

Eastbourne

$824,600

$817,350

1.1%

$798,050

2.4%

$732,700

11.6%

$695,300

17.6%

8.8 % (2016 )

$664,000 (15 )

$783,000 (19 )

$684,250 (20 )

$659,835 (22 )

$446,900 (14 )

48.6%

Epuni

$586,300

$583,250

2.5%

$544,550

7.1%

$484,400

20.4%

$409,800

42.3%

11.0 % (2016 )

$681,500 (12 )

$539,000 (9 )

$567,000 (13 )

$485,100 (14 )

$425,750 (10 )

60.1%

Kelson

$556,500

$557,500

0.9%

$525,850

6.0%

$457,950

21.7%

$372,200

49.8%

15.6 % (2016 )

$542,555 (19 )

$548,000 (20 )

$492,000 (13 )

$443,500 (14 )

$379,500 (9 )

43.0%

Maungaraki

$614,150

$610,950

-0.3%

$590,450

3.5%

$522,400

17.0%

$410,100

49.0%

8.4 % (2016 )

$599,500 (19 )

$597,500 (14 )

$617,000 (13 )

$605,000 (23 )

$402,000 (18 )

49.1%

Naenae

$418,300

$411,900

1.6%

$391,300

5.3%

$319,650

28.9%

$283,300

45.4%

21.2 % (2016 )

$435,500 (14 )

$434,500 (22 )

$394,000 (34 )

$321,000 (37 )

$261,500 (34 )

66.5%

Normandale

$600,450

$600,950

1.1%

$575,000

4.5%

$511,700

17.4%

$408,400

47.1%

0.8 % (2016 )

$522,000 (5 )

$541,000 (9 )

$527,000 (4 )

$519,000 (9 )

$362,000 (11 )

44.2%

Petone

$654,900

$647,300

0.3%

$616,400

5.0%

$570,200

13.5%

$432,400

49.7%

9.6 % (2016 )

$623,000 (28 )

$659,000 (29 )

$580,601 (41 )

$526,000 (33 )

$444,000 (39 )

40.3%

Stokes Valley

$417,750

$415,300

1.0%

$387,300

7.2%

$340,500

22.0%

$305,300

36.0%

16.0 % (2016 )

$454,000 (41 )

$402,000 (37 )

$396,000 (55 )

$324,000 (80 )

$284,000 (55 )

59.9%

Taitā

$418,850

$412,650

0.8%

$379,750

8.7%

$320,350

28.8%

$264,000

56.3%

15.6 % (2016 )

$512,000 (15 )

$409,500 (20 )

$389,000 (19 )

$311,000 (31 )

$306,500 (31 )

67.0%

Wainuiomata

$375,150

$368,450

2.2%

$343,950

7.1%

$283,200

30.1%

$255,400

44.3%

17.8 % (2016 )

$374,000 (49 )

$369,850 (68 )

$340,000 (96 )

$269,000 (99 )

$233,500 (86 )

60.2%

Waiwhetū

$538,550

$536,100

1.6%

$510,550

5.0%

$441,750

21.4%

$352,300

52.2%

14.3 % (2016 )

$573,500 (18 )

$539,000 (19 )

$477,029 (21 )

$368,500 (22 )

$342,000 (21 )

67.7%

Waterloo

$629,200

$621,900

1.3%

$588,850

5.6%

$527,100

18.0%

$434,900

43.0%

13.3 % (2016 )

$528,500 (15 )

$559,750 (14 )

$565,000 (18 )

$524,000 (15 )

$465,500 (24 )

13.5%

$705,700 $619,000

$702,900 $612,600

1.9% -1.1%

$670,600

4.8% 5.4%

$599,000

17.3% 17.2%

$460,500

$522,900

52.6% 51.4%

47.7 % (2015 ) 45.6 % (2015 )

$770,915 (14 ) $627,000 (14 )

$697,000 (19 ) $627,000 (10 )

$695,000 (9 ) $630,000 (15 )

$559,500 (11 ) $544,446 (24 )

$469,500 (6 ) $362,000 (22 )

64.2% 73.2% 40.7%

HUTT Avalon Belmont

WELLINGTON Aro Valley Berhampore

$581,000

17.8%

$404,700

45.6%

Brooklyn

$812,750

$811,200

1.9%

$756,950

7.2%

$688,400

17.8%

$538,400

50.7%

41.1 % (2015 )

$730,000 (29 )

$722,000 (24 )

$631,500 (28 )

$579,600 (34 )

$518,800 (22 )

Churton Park

$775,950

$772,200

0.7%

$731,900

5.5%

$637,500

21.1%

$513,900

50.3%

43.1 % (2015 )

$804,000 (39 )

$762,000 (39 )

$773,000 (24 )

$663,000 (41 )

$568,000 (27 )

41.5%

Hataitai

$904,650

$904,150

3.0%

$837,850

7.9%

$767,000

17.9%

$597,500

51.3%

39.8 % (2015 )

$825,750 (18 )

$814,750 (18 )

$821,500 (22 )

$649,000 (28 )

$584,000 (23 )

41.4%

Island Bay

$869,000

$868,500

1.9%

$809,700

7.3%

$716,450

21.2%

$555,100

56.5%

39.3 % (2015 )

$745,000 (24 )

$857,250 (24 )

$675,000 (31 )

$608,500 (34 )

$600,250 (30 )

24.1%

Johnsonville

$623,050

$618,600

0.3%

$586,250

5.5%

$517,600

19.5%

$401,300

54.1%

46.3 % (2015 )

$612,900 (50 )

$621,000 (51 )

$568,150 (34 )

$519,000 (53 )

$445,625 (60 )

37.5%

Karori

$847,400

$844,350

0.1%

$795,100

6.2%

$712,350

18.5%

$552,200

52.9%

40.9 % (2015 )

$757,000 (79 )

$768,000 (61 )

$712,000 (64 )

$574,550 (76 )

$527,000 (69 )

43.6%

Kelburn

$1,174,650

$1,176,450

0.7%

$1,132,100

3.9%

$1,010,050

16.5%

$819,700

43.5%

22.4 % (2015 )

$977,000 (7 )

$1,062,500 (10 )

$1,180,000 (13 )

$1,276,250 (10 )

$782,250 (14 )

24.9%

Khandallah

$989,050

$988,100

1.4%

$918,700

7.6%

$828,100

19.3%

$674,200

46.6%

40.9 % (2015 )

$904,000 (42 )

$963,500 (35 )

$842,000 (41 )

$835,000 (57 )

$656,500 (44 )

37.7%

Kilbirnie

$679,850

$675,950

2.6%

$637,250

6.1%

$583,900

15.8%

$435,900

55.1%

33.0 % (2015 )

$680,000 (13 )

$726,444 (10 )

$687,852 (15 )

$555,500 (12 )

$515,200 (13 )

32.0%

Lyall Bay

$720,650

$718,250

2.7%

$682,850

5.2%

$604,450

18.8%

$464,500

54.6%

49.7 % (2015 )

$789,250 (12 )

$556,775 (10 )

$678,000 (11 )

$633,500 (16 )

$452,000 (9 )

74.6%

Miramar

$752,700

$747,800

0.1%

$735,100

1.7%

$652,000

14.7%

$492,500

51.8%

38.7 % (2015 )

$744,500 (32 )

$794,500 (36 )

$629,500 (30 )

$604,063 (47 )

$493,000 (36 )

51.0%

Newlands

$603,500

$601,450

1.9%

$553,800

8.6%

$483,800

24.3%

$376,200

59.9%

50.8 % (2015 )

$557,000 (30 )

$582,150 (30 )

$546,062 (44 )

$444,000 (41 )

$406,500 (28 )

37.0% 70.2%

Newtown

$711,950

$709,700

0.1%

$667,450

6.3%

$605,350

17.2%

$465,900

52.3%

46.5 % (2015 )

$808,600 (15 )

$704,250 (18 )

$669,500 (22 )

$614,150 (36 )

$475,000 (41 )

Ngaio

$795,450

$790,900

0.7%

$748,400

5.7%

$675,850

17.0%

$528,000

49.8%

32.6 % (2015 )

$823,000 (15 )

$734,500 (23 )

$794,000 (22 )

$690,500 (23 )

$559,500 (25 )

47.1%

Northland

$831,400

$835,300

1.1%

$800,800

4.3%

$713,100

17.1%

$560,000

49.2%

40.7 % (2015 )

$761,000 (15 )

$732,000 (11 )

$709,000 (11 )

$623,500 (12 )

$567,000 (11 )

34.2% 53.0%

Paparangi

$630,000

$624,750

1.7%

$589,350

6.0%

$508,300

22.9%

$396,500

57.6%

50.4 % (2015 )

$629,500 (18 )

$589,000 (14 )

$603,000 (9 )

$523,000 (13 )

$411,333 (5 )

Seatoun

$1,293,700

$1,286,350

0.1%

$1,270,400

1.3%

$1,154,950

11.4%

$935,500

37.5%

28.8 % (2015 )

$1,159,500 (11 )

$1,258,500 (12 )

$1,077,944 (10 )

$886,000 (20 )

$859,000 (15 )

35.0%

Strathmore Park

$747,350

$744,150

0.1%

$720,100

3.3%

$640,600

16.2%

$485,700

53.2%

42.4 % (2015 )

$733,500 (13 )

$733,500 (7 )

$690,500 (14 )

$579,000 (23 )

$524,000 (7 )

40.0%

Tawa

$620,200

$616,900

2.8%

$560,400

10.1%

$495,300

24.6%

$397,800

55.1%

48.4 % (2015 )

$554,000 (49 )

$587,000 (60 )

$556,000 (71 )

$477,000 (73 )

$413,750 (47 )

33.9%

Te Aro

$550,050

$540,250

1.9%

$505,950

6.8%

$453,400

19.2%

$420,100

28.6%

39.2 % (2015 )

$428,000 (52 )

$477,940 (56 )

$455,000 (47 )

$345,000 (71 )

$326,000 (46 )

31.3%

Wadestown

$1,036,650

$1,032,150

-0.3%

$971,800

6.2%

$865,600

19.2%

$714,500

44.5%

36.1 % (2015 )

$945,000 (15 )

$1,036,006 (14 )

$837,000 (13 )

$781,250 (16 )

$662,000 (19 )

42.7%

Wellington Central

$429,750

$422,100

1.8%

$397,100

6.3%

$362,550

16.4%

$331,700

27.3%

37.1 % (2015 )

$323,000 (18 )

$381,000 (18 )

$228,000 (21 )

$354,000 (19 )

$389,000 (11 )

-17.0%

Wilton

$714,650

$708,350

-1.3%

$680,750

4.1%

$620,300

14.2%

$479,200

47.8%

36.6 % (2015 )

$831,063 (8 )

$751,123 (11 )

$640,000 (4 )

$570,000 (13 )

$547,000 (11 )

51.9%

Woodridge

$729,200

$726,450

3.5%

$668,150

8.7%

$577,850

25.7%

$470,600

54.4%

44.0 % (2015 )

$664,500 (8 )

$590,250 (6 )

$564,650 (11 )

$650,437 (24 )

$403,500 (14 )

64.7%

Smart property decisions start here

18 September 3, 2018 | OneRoof.co.nz PROPERTY REPORT SPOTLIGHT ON . . . PARNELL

Far cry from dowdy 70s Parnell is now a vibrant inner city suburb, but that wasn’t always the case, says Greg Fleming

oday Parnell is one of Auckland’s most sought after suburbs. Its history dates back to the earliest days of European settlement in the city. It’s also one of Auckland’s most desirable inner-city suburbs — a far cry from the early 1970s when it was considered run-down and dilapidated. Enter businessman Les Harvey, who bought up several properties cheaply and created Parnell Village, an area known for its Olde Worlde shops and distinctive village feel. Parnell’s head-turning rejuvenation had begun. It’s hard to believe now but Parnell was one of the only places in Auckland where you could shop on a Saturday in the 1980s. Compare that to present-day Parnell, a vibrant, bustling seven-day shopping and entertainment precinct known for its fabulous restaurants, chic cafes and diverse galleries. “Parnell is one of Auckland’s most affluent and oldest suburbs,” says Rachel Dovey, regional general manager, Bayleys Eastern Bays. She says it offers buyers a variety of options. “Parnell has streets with grand, quality homes that have views out to the Waitemata Harbour and Rangitoto Island. “It also offers redeveloped industrial zones with Edwardian town houses and 1920s bay villas. There are new apartment buildings from the lower end through to sophisticated high-end penthouses.” Cosmopolitan mix Dovey says that it is an upwardly mobile market place popular with busy professionals as well as families. “The local population has a mix of cosmopolitan professionals, stylish empty nesters, through to students attending the local tertiary institutions. “Parnell is highly sought after due to its location and orientation to the water, it has excellent transport and is easy to travel to the waterfront, Viaduct or CBD. “The character and history of the area is a real attraction. Many buyers like the lifestyle of being able to walk to the weekend Parnell La Cigale market, or one of the many trendy cafes, or into Newmarket with its shops and the Olympic pool and gym facility.” She says the suburb has long been a strong performer within the Auckland Central Region. “Parnell witnessed the largest value increase over the June 2018 quarter; it is up 25 per cent

Photos / Ted Baghurst

A mix of old and new building styles, Parnell sits just 5km east of central Auckland.

OneRoof.co.nz

when compared to the same period a year prior. “The days on market have extended significantly since 2017, sitting at around 47 days compared to around 37. For quality property in this market place there have been strong numbers of buyers during the first part of this year.” Values look to be holding at historically elevated levels as a result of strong market fundamentals

including a lack of housing supply, continued high migration, and historically low interest rates which are expected to remain in place for some time. “Recent auctions have had buyer interest at levels which have surpassed other similar suburbs, including numbers through the campaign, with multiple buyers bidding at auction. This has been across the various sale prices within this market.”

When selling your home, think of Barfoot & Thompson Parnell PH: 09 3660015 • parnell@barfoot.co.nz

September 3, 2018 | OneRoof.co.nz PROPERTY REPORT

RECENT SALES

PROPERTY PRICES Dovey says that over the last year the sale prices have ranged from $6.5 million to $350,000 for a small apartment. “There are extremities in this marketplace with the recent settlement of the apartments at 13 Cheshire St averaging around $950,000, to the higher end being upwards of $10 million.” $1,634,750 is the median home value in the area.

A rebuild of a 1887 kauri cottage at 4 Staffa St, Parnell, has achieved a beautiful modernisation while retaining the original charm. It has three bathrooms, four bedrooms and two car parks. A lounge with french doors opens to the front veranda and connects to a large living space and designer kitchen. Sold: $3,033,000 (10 May 2018). CV: $2,450,000. 5/340 Parnell Rd is north-west facing apartment in the Posada building. The apartment has one bedroom and an open plan living/dining room, with 180-degree views of Rangitito, the harbour and city. Sale price: $672,000. CV: $650,000

RENTS The rental market is strong within the apartment market, but there is a limited number of family homes available for rent in this area. Rents start from $400 per week for a one-bedroom apartment through to corporate rentals of more than $2500 a week. The median rent is $620 a week.

A beautiful villa at 4 Avon St has three bedrooms and three bathrooms. Sale price: $3,750,000. CV: $2,350,000 32 Gladstone Rd is a single-storey, northwest-facing home. All four bedrooms are double rooms, and the master suite has an en suite. Another study can be used as a bedroom. There are two bathrooms in total. The courtyard has a fenced garden, is private and safe, and has a spacious lawn. Sale price: $2,650,000. CV: $2,200,000

$3,033,000: 4 Staffa St.

SCHOOLS Parnell lies within easy reach of two universities (University of Auckland and Auckland University of Technology). Schools include Montessori Primary School in Glanville Tce, Parnell School (years 1-8) on St Stephens Ave, and private school ACG Parnell College on George St. Most of the suburb is zoned for Auckland Grammar and Epsom Girls school zones.

BEST STREETS St Stephens Ave, Bridgewater Rd, Crescent Rd, Judge St. $3,750,000: 4 Avon St.

$2,650,00: 32 Gladstone Rd.

LOCAL ATTRACTIONS Parnell Rose Gardens (pictured), popular for weddings and the Parnell Festival of Roses. The Holy Trinity Cathedral and Auckland Museum are also in the area. Parnell Rise hosts several restaurants and cafes. Each weekend people visit La Cigale French market.

$672,000: 5/340 Parnell Rd.

Fleur Denning Recognised as one of the most dedicated and well-respected real estate agents in Parnell and the eastern suburbs, Fleur’s hard-working and down to earth manner has proved a popular choice for a broad range of homeowners in her past decade of residential sales. Fleur’s career philosophy combines transparency, trust and empathy with proven experience and a near 100% success rate. Her local knowledge is clearly established in a way that proves invaluable when formulating marketing strategies and advising her clients. Before you make your next move, you must talk to Fleur. Her understanding and insights will be invaluable.

021 0272 3624

BAYLEYS REAL ESTATE LIMITED, REMUERA. LICENSED UNDER THE REA ACT 2008.

fleur.denning@bayleys.co.nz

A LT O G E T H E R B E T T E R

Re s i d e n t i a l / Co m m e rc i a l / Ru ra l / P rop e r t y S e r v i ce s

20 September 3, 2018 | OneRoof.co.nz PROPERTY REPORT SPOTLIGHT ON . . . WAINUI/WAITOKI

Wake up to Waitoki

Photo / Ted Baghurst

The area’s properties are more affordable than nearby areas such as Coatesville and Dairy Flat, finds Greg Fleming

aitoki’s a place you might drive through without noticing but plenty of astute buyers have woken up to the area’s potential. Waitoki and neighbouring Wainui last year saw a staggering 102 per cent rise in property values, according to council records, with lifestyle properties increasing across the region by 57 per cent and rural properties by 35 per cent since 2014. “Within the Wainui/Waitoki area the range of property is diverse with a good selection of small to large lifestyle blocks, with or without homes,” says Karen Asquith of Bayleys residential/lifestyle sales. She says homes range from small, modest older style properties to large McMansions made of the latest architectural designs and materials. Closer to the Silverdale/Dairy Flat side of the area, the land tends to be less contoured, smaller in size and contain larger, more modern homes. “Heading to the northern side of Wainui/

Waitoki towards Kaukapakapa and Waiwera and Makarau, the land becomes more contoured and beautiful tracts of native bush can still be found. Homes here are a mix of older eclectic styles and character homesteads, with a peppering of brick and tile 15-20 year old homes thrown in.” Good capital growth She says that over the past few years, the area has enjoyed excellent capital growth and it’s now hard to find anything for sale under $1 million. “For a 1ha bare block, you can now expect to pay at least from $800,000. A family-sized home with out-buildings can be anything upwards of $1.5 million. “However, you can buy a good sized piece of land with a fabulous house on it for a lot less than some of the crazy prices that have been achieved in areas such as Coatesville and Dairy Flat.” Buyers to the area range from first-time lifestyle buyers, often from the North Shore, to hardened lifestylers who are up- or down-scaling depending on the age of the kids.

One sneaky peek at next-door’s valuation

Many Waitoki properties are executive homes on beautiful sections.

OneRoof.co.nz

And the feedback is uniformly positive, says Asquith. “Many of the buyers we sell into the area become friendly and we regularly get fabulous feedback from them about how much they are loving the lifestyle and the friendly country community feel. “It’s a less frenetic lifestyle here and great for families, with parents able to spend quality time with their children.” Big plans ahead About 27,000 homes and businesses employing 13,000 people will be built on future urban areas in Silverdale, Dairy Flat and Wainui, according to Auckland Transport. It plans to extend the area’s transport network with an extension of the Rapid Transit Network linking Albany to Dairy Flat, Silverdale, Wainui and Grand Drive via an extension of the Northern Busway. A high-frequency bus route connecting Orewa and Silverdale with Wainui and the Rapid Transit Network will also be developed.

Zoom in on the latest Property Valuations OneRoof’s valuation data is second-to-none. Browse the estimated value of NZ properties nation-wide, or simply search for those that fall within your price range.

Buying. Selling. Search for your property ones under .co.nz All things property

September 3, 2018 | OneRoof.co.nz PROPERTY REPORT

RECENT SALES

WHERE IS IT? Wainui lies in the Rodney Ward of the Auckland Region — about 5.5km north-east of Waitoki and 10km west of Orewa.

124 Sharon Rd, Waitoki, is an immaculately presented cedar home designed for easy country living. Expansive open plan living with full-height doors open to the outdoor entertaining areas and pool. Four spacious bedrooms include a well-positioned guest bedroom that could easily double as an extra living room or office. Sold: $1,960,000. RV: $1,825,000.

PROPERTY PRICES For a family-sized home with outbuildings expect to pay anything upwards of $1.5 million. For a 1ha bare block, prices start at around $800,000.

409 Upper Waiwera Rd is a charming villa, with landscaped gardens and lawn. Five bedrooms, three bathrooms. Sold: $1.725 million. RV: $1,650,000.

RENTS

754 Weranui Rd is a modern, immaculately presented four-bedroom brick and tile family home with two lounges and a large American-style barn, plus an as-new minor dwelling with large garage, nestled on 3.6373ha of contoured land, handy to the Millwater onramp for access to Auckland CBD. Sold: for $1.9 million. RV: $1,750,000. 1022 Weranui Rd is a funky contemporary family home with large barn with mezanine floor for massive storage. The 2.2543ha property has manicured lawns, paddocks of grazing land and a beautiful native bush backdrop. Sold: $1.8 million. RV: $1 million.

$550 median rent.

SCHOOLS

$1.725 million: 409 Upper Waiwera Rd.

Decile 9 Wainui Primary School’s motto is “Small enough to nurture dreams . . . Big enough to realise them”. Most families at the school are life-style block owners, working locally, the North Shore or Auckland city. Waitoki school is a small (110 students) rural primary catering for students from Year 1 to Year 8. Secondary school is Orewa College or Kaipara College. Also in the area: Stella Maris (a Catholic primary ), Kingsway (a non-denominational Christian ) and Montessori private in Silverdale.

BEST STREETS Wainui Rd, Whitehills Rd, Weranui Rd, Upper Waiwera Rd, Waitoki Rd, Sharon Rd, Forestry and Ireland Rds in Waitoki.

$1.96 million: 124 Sharon Rd.

BIG PLANS AHEAD About 27,000 homes and businesses employing 13,000 people will be built on new future urban areas in Silverdale, Dairy Flat and Wainui, according to Auckland Transport. It plans to extend the transport network in the area with an extension of the Rapid Transit Network linking Albany to Dairy Flat, Silverdale, Wainui and Grand Drive via an extension of the Northern Busway.

LOCAL ATTRACTIONS The safe beaches of Orewa, Red Beach and Stanmore Bay, the black iron sand and the surf of Muriwai beach, mountain biking, motocross, Tree Tops high wire experience, fishing, diving, Snow Planet and Shakespear regional parks. $1.8 million: 1022 Weranui Rd.

MORE EXPERIENCED

$1.9 million: 754 Weranui Rd.

Karen and Graeme have been living in the area and selling Country & Coastal Lifestyle property for over twenty years. When selecting your agents, it pays to choose those with the best knowledge and experience in your particular area and property type.

The Boots and All Team – really do get stuck in for you. Karen Asquith

Graeme Mann

Bayleys Orewa Bayleys Orewa M 027 529 2049 M 027 450 0589 karen.asquith@bayleys.co.nz graeme.mann@bayleys.co.nz

bayleys.co.nz MACKYS REAL ESTATE LTD, BAYLEYS, LICENSED UNDER THE REA ACT 2008

A LT O G E T H E R B E T T E R

Re s i d e n t i a l / Co m m e rc i a l / Ru ra l / Pro p e r t y Ser vi ces

22 September 3, 2018 | OneRoof.co.nz PROPERTY REPORT SPOTLIGHT ON . . . TAKAPUNA

Residential developments continue to increase in popularity here, particularly for upscale apartments with stunning coastal views.

OneRoof.co.nz

The Shore offers a more relaxed, safe, outdoor lifestyle than on the city side. Photos / Ted Baghurst

The lure of the seaside Nestled between the beach and Lake Pupuke, Takapuna has always been considered a premier spot, writes Greg Fleming

akapuna’s the unofficial capital of the North Shore, boasting great beaches, beautiful Lake Pupuke, smart shopping and some of Auckland’s most desirable seaside homes. The suburb has always been considered a premier spot with wealthy Aucklanders. Indeed, the area’s potential was recognised as far back as the 1880s when much of the farmland was sub-divided and summer homes were built along the sea and lake front. Bayleys’ Victoria Bidwell says the market has tightened considerably over the past year with lack of stock and lack of choice for buyers creating a ripple-down effect. “Buyers don’t want to list their property as they fear they will not find something they like to replace it in the time they require,” she says. “Banks are still being tough on purchasers and this has resulted in fewer cash buyers. Good properties in desirable locations are still selling well but properties with negatives tend to be sitting. “Buyers don’t want to feel they are compromising due to lack of choice and feel that they have time on their side. “Buyers love Takapuna. It is expensive to get into the market but the lifestyle is fantastic and the area

offers easy access to good private schools in the city or Albany.” She adds there is a lot to do for retirees and families and generally a more relaxed, safe, outdoor lifestyle in Takapuna than on the city side. “With Takapuna’s great local cafes and restaurants, good facilities and excellent schools there is a lot to like.” While she says the area is priced beyond a lot of younger families, more affordable homes can be found in Hauraki. Corie Knapp of Premium Real Estate says being a Takapuna resident, and having helped many clients with their property over the past decade, he has found Takapuna really is a special place. “It provides the best New Zealand has to offer,” he says. “We find that many clients, once they have lived in Takapuna, want to stay. So it is not uncommon for people to move as their needs change but stay within the suburb. “Personally, the easy access to beautiful beach and harbour is a major attraction for both my kids and myself. Takapuna really brings everything that is great about Auckland together in one place. “Many people are drawn to the central location and close proximity of everything you need from top quality local schools, great recreation facilities,

a wide range of shops, wonderful eateries and it is also easy to get to other parts of the North Shore and the city centre. Takapuna remains a soughtafter destination and we are finding there is still a solid list of buyers seeking quality Takapuna properties especially sought after are family homes on the seaward side.” Apartments popular The other big change in the Takapuna market is the number of apartment complexes at drawing board stage or under construction. Bidwell says: “Takapuna has been lacking in this type of product. It has been a gap in the market which appeals to an ageing population who want to stay in the area. They are coming out of top-end properties and wanting something easy to care. “There is a choice of well-priced apartments close the township and beach and a good range of central townhouse developments, many of which were built in the 70s or 80s. A range of brick-andtile standard flats is scattered throughout the suburb and a lot of upper and top end properties near or on the beach side. “There are also a number of cross-lease sites at the lower end of the market. These include subdivided half sites from 450 to 500sq m.”

September 3, 2018 | OneRoof.co.nz PROPERTY REPORT

RECENT SALES 16 Winscombe St Lovely four bedroom home positioned privately overlooking Takapuna Grammar fields and the water. Sold: $3,330,000.CV: $3,400,000. 27 Tennyson Ave 1950s do-up. The large land lends itself to development

PROPERTY PRICES potential. Three bedrooms. Sold: $2,200,000. CV: $2,150,000. 15 Burns Ave 1950s three-bedroom refurbished urban bach in the heart of Takapuna. Sold: $1,025,000. CV: $860,000.

Bidwell says that two-bedroom brick-and-tile units tend to be around $800,000. Expect to pay early $1 millions for a fairly basic property on a half site and mid-$2 million to $5 million for family homes on their own site. Expect to pay $7 million or more for waterfront homes. Takapuna has had sales fetching over $10 million dollars.

RENTS The median weekly rent is $627.

SCHOOLS Takapuna Primary, Belmont and Takapuna Intermediate, Westlake Girls and Boys.

BEST STREETS Bidwell says that Clifton Rd has always been a top street — others include Minnehaha, Brett and O’Neill’s Aves; all sought after and commanding top prices. Audrey Rd is popular, as is Lake View and other lake-side streets. The Golden Mile between Takapuna and Milford is highly desirable, as it’s such a convenient location.

$3,330,000: 16 Winscombe St.

File photo / NZHerald

LOCAL ATTRACTIONS

$2,200,000: 27 Tennyson Ave.

$1,025,000: 15 Burns Ave.

MOST AWARDED

Takapuna market runs every Sunday and offers a bewildering variety of stalls — everything from Korean pancakes, Vietnamese food, fresh baked goods to Turkish food, bric a brac and handmade arts and crafts. Beautiful Takapuna Beach is just across the road, and nearby is peaceful fresh water Lake Pupuke. For entertainment, a variety is offered by Bruce Mason Theatre.

Don’t settle for anything less than a multi-award winning agent to sell your most valuable asset. Talk to Bayleys’ top agent on the Shore.

Victoria Bidwell Residential and Waterfront Specialist 021 947 080 I victoria.bidwell@bayleys.co.nz victoriabidwell.bayleys.co.nz BAYLEYS REAL ESTATE LTD, TAKAPUNA, LICENSED UNDER THE REA ACT 2008

A LT O G E T H E R B E T T E R

Re s i d e n t i a l / Co m m e rc i a l / R u ra l / P ro p e r t y S e r v i ce s

W 20 O N 20 Y 4 U Q B E L T T SE

Funded and Under Construction! Find out why over 200 astute buyers have chosen to invest in The Pacifica! At $755,000, you could own a brand new apartment in the same building as New Zealand’s most expensive penthouse? What’s that worth to you?

10% deposit to secure. Nothing further until completion(Q4 2020)

Display suite Level 9 | 152 Quay Street, Auckland CBD Open from 12pm - 4pm daily

0800 20 20 40 WWW.THEPACIFICA.CO.NZ

CBRE (AGENCY) LTD LICENSED REAL ESTATE AGENT (REAA 2008)