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Mortgage Rates Daily Commentary
Thursday 18 April 2024
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Housing sales and prices dip in July
The latest Real Estate Institute housing sales figures and prices show the market weakened slightly in July from June but again showed an improvement in activity compared with the same month last year.
Monday, August 20th 2001, 4:54AM
by Jenny Ruth
Still,
the median price figures suggest the Reserve Bank needn’t
worry about house price inflation.
The median house price fell from $177,000
in June to $170,000 in July which equalled the median price in
July last year.
Real Estate Institute president Rex Hadley
interprets the figures as showing stable prices.
"During 2001, the national median price
has moved up and down each month by up to $8,000 but appears to
be achieving a stability within this range," he says.
The institute’s figures show that while
the number of houses sold nationally fell from 6,147 in June to
6,122 in July, that was up from only 5,168 houses in July last
year.
Nevertheless the numbers sold each month
have been declining from the 6,506 houses sold in April this year.
And the July number is well down on the 7,393 houses sold in July
1997.
The total value of sales fell from $1.3
billion in June to $1.25 billion in July, but that was well up
on the $1.06 billion sold in July last year.
On a regional basis, five of the 11 regions
saw the July median price increase from June while the other six
regions experienced declines. Compared with July last year, the
median price rose in seven of the regions, fell in three and was
unchanged in the other.
Compared with June, activity rose in seven
of the regions and fell in four. Compared with July last year,
activity rose in all but one of the regions. The odd one out was
Wellington where sales fell from 791 in July last year to 777
this July.
- REINZ PROPERTY MARKET REPORT
- TOTAL DWELLINGS MEDIAN PRICE
COMPARISONS FOR JULY 1996-2001
REGION |
JULY
96 |
JULY
97 |
JULY
98 |
JULY
99 |
JULY
00 |
JUNE
01 |
JULY
01 |
Northland |
117,750 |
134,500 |
141,500 |
139,000 |
130,000 |
158,000 |
160,000 |
Auckland |
222,500 |
238,000 |
226,500 |
232,000 |
231,000 |
253,000 |
239,000 |
Waikato/BOP/Gisborne |
130,500 |
151,000 |
152,250 |
152,000 |
155,000 |
157,500 |
162,000 |
Hawkes Bay |
120,000 |
122,500 |
118,000 |
120,875 |
116,000 |
126,000 |
135,000 |
Manawatu/Wanganui |
97,500 |
99,250 |
90,000 |
100,000 |
110,000 |
101,500 |
105,000 |
Taranaki |
94,750 |
95,000 |
95,000 |
92,000 |
96,000 |
92,000 |
96,750 |
Wellington |
138,500 |
155,000 |
160,000 |
178,500 |
183,000 |
195,000 |
190,000 |
Nelson/Marlborough |
130,750 |
136,500 |
138,000 |
142,000 |
147,000 |
154,000 |
145,000 |
Canterbury/Westland |
130,000 |
140,000 |
143,500 |
146,000 |
140,000 |
140,000 |
136,000 |
Otago |
100,000 |
95,500 |
90,500 |
95,000 |
94,500 |
100,000 |
94,500 |
Southland |
75,000 |
71,000 |
74,500 |
83,000 |
72,500 |
65,000 |
84,000 |
NZ Total |
$147,000 |
$162,000 |
$165,000 |
$167,000 |
$170,000 |
$177,000 |
$170,000 |
Commenting is closed
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Mortgage Rates Table
Full Rates Table | Compare Rates
Lender |
Flt |
1yr |
2yr |
3yr |
AIA - Back My Build |
6.19 |
- |
- |
- |
AIA - Go Home Loans |
8.74 |
7.24 |
6.75 |
6.65 |
ANZ |
8.64 |
7.84 |
7.39 |
7.25 |
ANZ Blueprint to Build |
7.39 |
- |
- |
- |
ANZ Good Energy |
- |
- |
- |
1.00 |
ANZ Special |
- |
7.24 |
6.79 |
6.65 |
ASB Bank |
8.64 |
7.24 |
6.75 |
6.65 |
ASB Better Homes Top Up |
- |
- |
- |
1.00 |
Avanti Finance |
9.15 |
- |
- |
- |
Basecorp Finance |
9.60 |
- |
- |
- |
Bluestone |
9.24 |
- |
- |
- |
Lender |
Flt |
1yr |
2yr |
3yr |
BNZ - Classic |
- |
7.24 |
6.79 |
6.65 |
BNZ - Green Home Loan top-ups |
- |
- |
- |
1.00 |
BNZ - Mortgage One |
8.69 |
- |
- |
- |
BNZ - Rapid Repay |
8.69 |
- |
- |
- |
BNZ - Std, FlyBuys |
8.69 |
7.84 |
7.39 |
7.25 |
BNZ - TotalMoney |
8.69 |
- |
- |
- |
CFML Loans |
9.45 |
- |
- |
- |
China Construction Bank |
- |
7.09 |
6.75 |
6.49 |
China Construction Bank Special |
- |
- |
- |
- |
Co-operative Bank - First Home Special |
- |
7.04 |
- |
- |
Co-operative Bank - Owner Occ |
8.40 |
7.24 |
6.79 |
6.65 |
Lender |
Flt |
1yr |
2yr |
3yr |
Co-operative Bank - Standard |
8.40 |
7.74 |
7.29 |
7.15 |
Credit Union Auckland |
7.70 |
- |
- |
- |
First Credit Union Special |
- |
7.45 |
7.35 |
- |
First Credit Union Standard |
8.50 |
7.99 |
7.85 |
- |
Heartland Bank - Online |
7.99 |
6.69 |
6.45 |
6.19 |
Heartland Bank - Reverse Mortgage |
- |
- |
- |
- |
Heretaunga Building Society |
8.90 |
7.60 |
7.40 |
- |
HSBC Premier |
8.59 |
- |
- |
- |
HSBC Premier LVR > 80% |
- |
- |
- |
- |
HSBC Special |
- |
- |
- |
- |
ICBC |
7.85 |
7.05 |
6.75 |
6.59 |
Lender |
Flt |
1yr |
2yr |
3yr |
Kainga Ora |
8.64 |
7.79 |
7.39 |
7.25 |
Kainga Ora - First Home Buyer Special |
- |
- |
- |
- |
Kiwibank |
8.50 |
8.25 |
7.79 |
7.55 |
Kiwibank - Offset |
8.50 |
- |
- |
- |
Kiwibank Special |
- |
7.25 |
6.79 |
6.65 |
Liberty |
8.59 |
8.69 |
8.79 |
8.94 |
Nelson Building Society |
9.00 |
7.75 |
7.35 |
- |
Pepper Money Advantage |
10.49 |
- |
- |
- |
Pepper Money Easy |
8.69 |
- |
- |
- |
Pepper Money Essential |
8.29 |
- |
- |
- |
Resimac - LVR < 80% |
8.84 |
8.09 |
7.59 |
7.29 |
Lender |
Flt |
1yr |
2yr |
3yr |
Resimac - LVR < 90% |
9.84 |
9.09 |
8.59 |
8.29 |
Resimac - Specialist Clear (Alt Doc) |
- |
- |
8.99 |
- |
Resimac - Specialist Clear (Full Doc) |
- |
- |
9.49 |
- |
SBS Bank |
8.74 |
7.84 |
7.45 |
7.25 |
SBS Bank Special |
- |
7.24 |
6.85 |
6.65 |
SBS Construction lending for FHB |
- |
- |
- |
- |
SBS FirstHome Combo |
6.19 |
6.74 |
- |
- |
SBS FirstHome Combo |
- |
- |
- |
- |
SBS Unwind reverse equity |
9.95 |
- |
- |
- |
Select Home Loans |
9.24 |
- |
- |
- |
TSB Bank |
9.44 |
8.04 |
7.55 |
7.45 |
Lender |
Flt |
1yr |
2yr |
3yr |
TSB Special |
8.64 |
7.24 |
6.75 |
6.65 |
Unity |
8.64 |
6.99 |
6.79 |
- |
Unity First Home Buyer special |
- |
- |
6.45 |
- |
Wairarapa Building Society |
8.60 |
6.95 |
6.85 |
- |
Westpac |
8.64 |
7.89 |
7.35 |
7.25 |
Westpac Choices Everyday |
8.74 |
- |
- |
- |
Westpac Offset |
8.64 |
- |
- |
- |
Westpac Special |
- |
7.29 |
6.75 |
6.65 |
Median |
8.64 |
7.29 |
7.32 |
6.65 |
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