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REINZ residential highlights - June 2008

The Real Estate Institute sales figures for June are out now. To read what's happening in your region and around the country, use the links in this story.

Friday, July 11th 2008, 12:58PM

by The Landlord

To view your region quickly, click on the links below:

Northland
Auckland
Waikato/Bay of Plenty/Gisborne
Hawke's Bay
Manawatu/Wanganui
Taranaki
Wellington
Nelson/Marlborough
Canterbury/Westland
Central Otago Lakes
Otago
Southland


Northland
In total, 108 houses sold in Northland in June (May 2008: 103; June 2007: 178). The median price eased to $302,750 from $310,000 in May (June 2007: $315,000).

13 houses sold in the Whangarei County area in June (May 2008: ten; June 2007: 11). The median price eased to $427,500 from $428,000 in May (June 2007: $515,000).

52 houses sold in Whangarei City in both May and June 2008, down on the 77 sold in June last year. The median price increased from $288,500 in May 2008 to $301,000 in June (June 2007: $335,000).

Auckland
The median house price in Auckland eased to $435,000 in June, from $447,500 in May (June 2007: $445,000). In total, 1,466 houses sold, up on the 1,388 sold in May (June 2007: 2,687).

The median sales price for a North Shore City home reached $510,000 in June (May 2008: $495,000; June 2007: $539,000). 271 houses sold, up on the 250 sold in May (June 2007: 435).

Sales volume dipped slightly in Waitakere City in June with 169 houses sold (May 2008: 171; June 2007: 378). The median price also eased to $337,000 (May 2008: $380,000; June 2007: $376,500).

The median price for an Auckland City house eased to $472,100 in June, from $504,500 in May (June 2007: $495,000). 542 houses sold in June, 20 more than the 522 sold in May (June 2007: 896).

265 houses sold in Manukau City in June (May 2008: 255; June 2007: 609). The median price increased to $442,000 from $400,000 in May and $416,000 in June 2007.

Sales rose in Papakura with 51 houses sold (May 2008: 31; June 2007: 68).The median price also increased to $320,000 in June from $312,500 in May (June 2007: $332,250).

The median price for a Metropolitan Auckland house eased to $440,000 in June (May 2008: $451,000; June 2007: $450,000). In total, 1,298 houses sold, up on the 1,235 sold in May (June 2007: 2,386).

77 houses sold in Rodney District, up on the 69 sold in May (June 2007: 147). The median price dipped to $470,000 from $475,000 in May (June 2007: $450,000).

The median price for a Franklin District home reached $368,000 in June (May 2008: $365,000; June 2007: $352,500). 49 houses sold, five more than the 44 sold in May (June 2007: 94).

42 houses sold in the Thames/Coromandel region in June, up on the 40 sold in May (June 2007: 60). The median price increased substantially to $377,500 from $317,500 in May (June 2007: $412,000).

The median price for an Outer Auckland home reached $407,500 in June, up from $405,000 in May (June 2007: $415,000). In total, 168 houses sold (May 2008: 153; June 2007: 301).

Waikato/Bay of Plenty/Gisborne
The median price for a house in the Waikato/Bay of Plenty/Gisborne region rose to $316,000 in June (May 2008: $310,000; June 2007: $325,000). 581 houses sold (May 2008: 582; June 2007: 1,136).

Sales rose in Waikato Country in June with 112 houses sold (May 2008: 111; June 2007: 237). The median price eased slightly to $244,250 (May 2008: $250,000; June 2007: $240,000).

The median price for a Hamilton City house fell to $323,000 in June, from $337,500 in May (June 2007: $355,000). 158 houses sold in June, two less than the 160 sold in May (June 2007: 289).

Sales volume rose in Western Bay of Plenty Country in June with 33 houses sold (May 2008: 30; June 2007: 80). The median price reached $382,500 in June (May 2008: $377,500; June 2007: $343,000).

The median price for a house in Mt Maunganui/Papamoa reached $398,000 in June (May 2008: $395,500; June 2007: $435,000). 46 houses sold, five more than the 41 sold in May (June 2007: 91).

75 houses sold in Tauranga in June, down on the 83 sold in May (June 2007: 150). The median price dipped to $363,000 in June, from $376,500 in May and $378,250 in June 2007.

Rotorua’s median price rose to $255,000 in June, from $247,000 in May (June 2007: $255,000). 37 houses sold in June, down on the 69 sold in May (June 2007: 111).

30 houses sold in Taupo in June, down on the 32 sold in May (June 2007: 56). The median price increased significantly to $360,500 from $315,000 in May (June 2007: $352,000).

The median price for a King Country home fell to $97,500 in June, from $173,000 in May (June 2007: $132,500). 12 houses sold (May 2008: seven; June 2007: 16).

The median price for a Gisborne City home reached $220,000 in June, up from $200,000 in May (June 2007: $262,000). 28 houses sold, one more than the 27 sold in May (June 2007: 41).

Four houses sold in Gisborne Country in June, up on the single sale recorded in May (June 2007: five). The median price eased to $275,000 from $296,700 in May (June 2007: $131,000).

Sales improved in Eastern Bay of Plenty Country with 46 houses sold in June (May 2008: 21; June 2007: 60). The median price eased to $288,750 from $383,000 in May (June 2007: $250,000).

Hawke's Bay
Sales volume eased in the Hawke's Bay in June with 136 houses sold (May 2008: 173; June 2007: 285). The median price eased to $261,000 (May 2008: $265,000; June 2007: $268,100).

The median price for a house in Napier City dipped to $292,500 in June, from $298,000 in May. In total, 52 houses sold (May 2008: 64). In June 2007, 115 houses sold with a median price of $309,750.

57 houses sold in Hastings City in June 2008, down on the 79 sold in May (June 2007: 119). The median price eased to $250,000 from $275,000 in May (June 2007: $257,000).

Hawke's Bay Country’s median price improved to reach $395,000 in June, from $330,000 in May and $302,000 in June 2007. Ten houses sold during the month (May 2008: nine; June 2007: 17).

Manawatu/Wanganui
The median price for a house in the Manawatu/Wanganui region fell to $213,750 in June, from $224,500 in May (June 2007: $248,000). 196 houses sold (May 2008: 226; June 2007: 363).

The median sales price for a house in Palmerston North City eased to $240,000 in June, from $295,000 in May (June 2007: $293,000). 88 houses sold (May 2008: 85; June 2007: 147).

Sales eased slightly in Manawatu Country with 16 houses sold (May 2008: 19; June 2007: 31). The median price fell to $162,500 from $185,000 in May (June 2007: $232,000).

The median price in the Manawatu Region dipped to $222,500 in June, from $246,000 in May (June 2007: $246,000). 141 houses sold (May 2008: 156; June 2007: 256).

42 houses sold in Wanganui City in June, five less than the 47 sold in May (June 2007: 80). The median price eased to $155,000, from $182,500 in May (June 2007: $202,500).

The median price in the Wanganui Region fell slightly to $166,000 from $166,500 in May. 55 houses sold in June (May 2008: 70). In June 2007, 107 houses sold with a median price of $202,000.

Taranaki
The median price for a house in Taranaki fell to $255,000 in June, from $285,000 in May (June 2007: $265,000). 135 houses sold, down on the 158 and 203 sold in May 2008 and June 2007 respectively.

18 houses sold in the Taranaki Country region in June (May 2008: 16; June 2007: 30). The median price eased from $292,500 in May to $222,500 in June (June 2007: $207,500).

The median sales price for a New Plymouth City house eased to $285,000 in June (May 2008: $332,500; June 2007: $328,000). 69 houses sold in June (May 2008: 84; June 2007: 90).

Wellington
Wellington’s median price eased to $366,500 in June, from $389,500 in May (June 2007: $375,000). In total, 458 houses sold, down on the 534 sold in May (June 2007: 788).

45 houses sold in the Wairarapa in June (May 2008: 38; June 2007: 87). The median price eased to $247,000 from $268,500 in May (June 2007: $252,000).

The median price for an Upper Hutt house eased slightly to $325,000 from $339,500 in May (June 2007: $315,000). 37 houses sold, down on the 64 sold in May (June 2007: 73).

91 houses sold in the Hutt Valley, down on the 95 sold in May and the 159 sold in June 2007. The median price eased also to $305,500 from $365,000 in May (June 2007: $342,500).

The median price for a house in Otaki/Paekakariki eased to $332,500 in June, from $355,500 in May (June 2007: $360,000). 60 houses sold in June, down on the 76 sold in May (June 2007: 103).

Sales dipped in Pukerua Bay/Tawa in June, with 43 houses sold (May 2008: 596; June 2007: 56). The median price also fell to $367,000 in June from $387,500 in May (June 2007: $385,000).

40 houses sold in Central Wellington in June, up on the 28 sold in May (June 2007: 95). The median price eased to $387,500 in June, from $448,584 in May and $390,000 in June 2007.

Nelson/Marlborough
The median price for a Nelson/Marlborough house eased to $335,000 in June, from $337,000 in May (June 2007: $335,000). 169 houses sold, ten less than the 179 sold in May (June 2007: 206).

67 houses sold in Nelson City in June, up from 54 in May (June 2007: 77). The median price rose to $345,000 from $321,425 in May and $311,000 in June 2007.

The median price for a Nelson Council zone house rose to $345,000 in June (May 2008: $335,500; June 2007: $312,000). 108 houses sold during the month (May 2008: 106; June 2007: 129).

61 houses sold in Marlborough in June (May 2008: 73; June 2007: 77). The median price eased to $315,000 from $345,000 in May and $342,000 in June 2007.

Canterbury/Westland
666 houses sold in Canterbury/Westland in June, up on the 619 sold in May (June 2007: 998). The median price also rose to $299,000 from $296,000 in May (June 2007: $305,250).

The median price for a house in Christchurch City remained steady at $315,000 in both May and June 2008 (June 2007: $330,000). 479 houses sold, well up on the 392 sold in May (June 2007: 687).

The median price for a home in Rangiora increased to $318,750 in June, from $296,000 in May (June 2007: $290,000). 22 houses sold, three less than the 25 sold in May (June 2007: 34).

16 houses sold in North Canterbury in June (May 2008: 15; June 2007: 22). The median price achieved eased however to $290,000 from $355,500 in May (June 2007: $262,500).

The median price for a Canterbury Country home dipped to $365,000 in June from $395,000 in May (June 2007: $338,500). 22 houses sold, down on the 27 sold in May 2008 (June 2007: 46).
29 houses sold in Mid Canterbury in June (May 2008: 28; June 2007: 48). The median price eased to $248,000 in June, from $275,000 in May (June 2007: $277,500).

Sales fell in Timaru in June, with 33 houses sold (May 2008: 49; June 2007: 57). The median price dipped to $195,000 in June from $240,000 in May (June 2007: $220,000).

The median price for a house on the West Coast rose to $185,000 in June, from $180,000 in May and $177,500 in June 2007. 25 houses sold, down on the 46 sold in May (June 2007: 42).

187 houses sold in Outer Canterbury in June (May 2008: 227; June 2007: 311). The median price eased to $250,000 in June from $255,250 in May and $257,000 in June 2007.

Central Otago Lakes
61 houses sold in June, down on the 79 sold in May (June 2007: 91). The median price rose to $514,000 in June from $490,000 in May and $420,000 in June 2007.

The median price for a house in Central Otago increased to $440,000 in June, from $420,000 in May (June 2007: $415,000). 22 houses sold (May 2008: 41; June 2007: 49).

Sales volume rose slightly in Queenstown with 39 houses sold in June (May 2008: 38; June 2007: 42). The median price rose to $580,000 from $540,000 in May (June 2007: $442,500).

Otago
177 houses sold in Otago in June, down on the 183 sold in May (June 2007: 281). The median price eased slightly to $225,000 from $240,000 in May (June 2007: $230,000).

Sales volume increased in North Otago with 27 houses sold (May 2008: 23; June 2007: 49). The median price eased however, to $200,000 in June from $230,000 in May (June 2007: $197,000).

The median price for a house in Dunedin City eased to $244,600 in June from $259,000 in May (June 2007: $240,000). 131 houses sold (May 2008: 145; June 2007: 202).

Sales volume also improved in South Otago with 16 houses sold (May 2008: 15; June 2007: 22). The median price eased to $151,000, from $160,000 in May (June 2007: $162,500).
 
Three houses sold in East Otago in June (May 2008: 0; June 2007: eight). The median price reached $233,000 compared to $220,000 in June 2007.

Southland
Sales volume increased in Southland with 152 houses sold (May 2008: 148; June 2007: 258). The median price eased to $182,500 from $200,000 in May (June 2007: $177,750).

Sales volume increased in Invercargill in June with 101 houses sold (May 2008: 99).  The median price dipped to $185,000 from $205,000 in May (June 2007: $188,000).

The median price for a house in Gore rose to $158,000 in June, up from $154,500 in May and $125,000 in June 2007. In total, 26 houses sold, three more than the 23 sold in May (June 2007: 46).


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Lender Flt 1yr 2yr 3yr
ANZ 5.19 4.05 4.05 4.49
ANZ Special - 3.55 3.55 3.99
ASB Bank 5.20 3.89 4.05 4.39
ASB Bank Special - 3.39 3.55 3.89
BNZ - Classic - 3.49 3.55 3.89
BNZ - Mortgage One 5.90 - - -
BNZ - Rapid Repay 5.35 - - -
BNZ - Std, FlyBuys 5.30 4.45 4.35 4.55
BNZ - TotalMoney 5.30 - - -
China Construction Bank 5.50 4.70 4.80 4.95
China Construction Bank Special - 3.19 3.19 3.19
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 5.95 - - -
Credit Union Baywide 5.65 4.75 4.75 -
Credit Union North 6.45 - - -
Credit Union South 5.65 4.75 4.75 -
Finance Direct - - - -
First Credit Union 5.85 3.99 4.49 -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 4.80 4.95 -
HSBC Premier 5.24 3.54 3.54 3.69
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - - -
ICBC 5.15 3.18 3.18 3.20
Kainga Ora 5.18 3.97 4.05 4.39
Kiwibank ▼5.15 4.20 4.30 4.64
Kiwibank - Capped - - - -
Kiwibank - Offset 5.15 - - -
Kiwibank Special - 3.45 3.55 3.89
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 5.70 4.25 4.15 -
Pepper Money Near Prime 5.64 - 5.44 5.44
Lender Flt 1yr 2yr 3yr
Pepper Money Prime 5.18 - 4.98 4.98
Pepper Money Specialist 7.59 - 7.39 7.39
Resimac 4.50 ▼4.45 3.89 3.94
RESIMAC Special - - - -
SBS Bank 5.29 4.85 5.05 5.49
SBS Bank Special - 3.39 ▲3.55 3.89
Sovereign 5.30 3.89 4.05 4.39
Sovereign Special - 3.39 3.55 3.89
The Co-operative Bank - Owner Occ 5.15 3.49 3.59 3.89
The Co-operative Bank - Standard 5.15 3.99 4.09 4.39
TSB Bank 6.09 4.19 4.35 4.69
Lender Flt 1yr 2yr 3yr
TSB Special 5.29 3.39 3.55 3.89
Wairarapa Building Society ▼5.50 ▼3.95 ▼4.05 -
Westpac 5.34 4.15 4.09 4.49
Westpac - Offset 5.34 - - -
Westpac Special - 3.39 3.55 3.99
Median 5.34 3.97 4.05 4.39

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