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Residential Highlights – July 2008

The Real Estate Institute of New Zealand's July housing statistics are out now. To see what's happening in your region, click on the links below.

Tuesday, August 12th 2008, 5:01PM

by The Landlord

To view your region quickly:

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, 119 houses sold in Northland in July (June 2008: 108; July 2007: 222). The median price rose to $315,000 from $302,750 in June (July 2007: $316,500).

14 houses sold in the Whangarei County area in July (June 2008: 13; July 2007: 31). The median price rose to $454,000 from $427,500 in June (July 2007: $420,000).

61 houses sold in Whangarei City in July (June 2008: 52; July 2007: 118). The median price rose to $304,000 in July, from $301,000 in June (July 2007: $310,000).

Auckland
The median house price in Auckland eased to $421,000 in July, from $435,000 in June (July 2007: $445,000). In total, 1,411 houses sold, down on the 1,466 sold in June (July 2007: 2,446).

The median sales price for a North Shore City home eased to $483,500 in July, from $510,000 in June (July 2007: 555). 230 houses sold, down on the 271 sold in June (July 2007: 395).

Sales volume rose in Waitakere City in July with 188 houses sold (June 2008: 169; July 2007: 311). The median price increased, reaching $355,000 in July (June 2008: $337,000; July 2007: $396,125).

The median price for an Auckland City house eased to $443,000 in July (June 2008: $472,100; July 2007: $496,600). 532 houses sold in July, 10 less than the 542 sold in June (July 2007: 778).

276 houses sold in Manukau City in July (June 2008: 265; July 2007: 570). The median price fell to $426,250 from $442,000 in June (July 2007: $385,000).

Sales eased in Papakura with 38 houses sold (June 2008: 51; July 2007: 93). The median price also eased to $302,500 in July from $320,000 in June (July 2007: $320,000).

The median price for a Metropolitan Auckland house eased to $425,000 in July (June 2008: $440,000; July 2007: $442,500). In total, 1,264 houses sold, down on the 1,298 sold in June (July 2007: 2,147).

68 houses sold in Rodney District, down on the 77 sold in June (July 2007: 160). The median price dipped to $455,000 from $470,000 in June (July 2007: $488,250).

The median price for a Franklin District home rose to $379,000 in July (June 2008: $368,000; July 2007: $388,000). 50 houses sold, one more than the 49 sold in June (July 2007: 85).

29 houses sold in the Thames/Coromandel region in July, down on the 42 sold in June (July 2007: 54). The median price eased to $352,500 from $377,500 in June (July 2007: $433,000).

The median price for an Outer Auckland home reached $410,000 in July, up from $407,500 in June (July 2007: $450,000). 147 houses sold (June 2008: 168; July 2007: 299).

Waikato/Bay of Plenty/Gisborne
The median price for a house in the Waikato/Bay of Plenty/Gisborne region rose to $325,000 in July (June 2008: $316,000; July 2007: $320,000). 637 houses sold (June 2008: 581; July 2007: 949).

Sales rose in Waikato Country in July with 115 houses sold (June 2008: 112; July 2007: 194). The median price also rose, to $275,000 in July (June 2008: $244,250; July 2007: $247,500).

The median price for a Hamilton City house reached $335,000 in July, from $323,000 in June (July 2007: $350,000). 146 houses sold in July, down on the 158 sold in June (July 2007: 232).

Sales volume rose in Western Bay of Plenty Country in July with 47 houses sold (June 2008: 33; July 2007: 71). The median price reached $400,000 in July (June 2008: $382,500; July 2007: $339,000).

The median price for a house in Mt Maunganui/Papamoa reached $412,500 in July (June 2008: $398,000; July 2007: $420,000). 51 houses sold, five more than the 46 sold in June (July 2007: 61).

97 houses sold in Tauranga in July, up on the 75 sold in June (July 2007: 126). The median price eased to $350,000 in July (June 2008: $363,000; July 2007: $372,750).

Rotorua’s median price rose to $271,250 in July, from $255,000 in June (July 2007: $261,400). 71 houses sold in July, up on the 37 sold in June (July 2007: 104).

24 houses sold in Taupo in July, down on the 30 sold in June (July 2007: 51). The median price increased to $361,250 from $360,500 in June (July 2007: $350,000).

The median price for a King Country home rose substantially in July, reaching $162,500 (June 2008: $97,500; July 2007: $105,000). 14 houses sold during the month (June 2008: 12; July 2007: 13).

The median price for a Gisborne City home eased to $212,000 in July, from $220,000 in June and $302,000 in July 2007. 31 houses sold, three more than the 28 sold in June (July 2007: 35).

Just one house sold in Gisborne Country in July, down on the four sold in June and the three sold in July 2007. The median price achieved was $67,000 (June 2008: $275,000; July 2007: $290,000).

Sales eased in Eastern Bay of Plenty Country with 40 houses sold in July (June 2008: 46; July 2007: 59). The median price decreased to $257,500 in July, from $288,750 in June (July 2007: $289,000).

Hawke's Bay
Sales volume increased in the Hawkes Bay in July with 167 houses sold (June 2008: 136; July 2007: 239). The median price also rose to $282,000 (June 2008: $261,000; July 2007: $287,000).

The median price for a house in Napier City reached $312,000 in July, up from $292,500 in June and $311,000 in July 2007. 83 houses sold, 31 more than the 52 sold in June (July 2007: 102).  

56 houses sold in Hastings City in July 2008 (June 2008: 57; July 2007: 98). The median price rose to $270,000 in July, up from $250,000 in June (July 2007: $279,000).

Hawkes Bay Country’s median price improved to reach $430,000 in July, from $395,000 in June and $365,000 in July 2007. Ten houses again sold during the month (June 2008: ten; July 2007: 13).

Manawatu/Wanganui
The median price for a house in the Manawatu/Wanganui region rose to $233,750 in July, from $213,750 in June and $230,000 in July. 230 houses sold (June 2008: 196; July 2007: 351).

The median sales price for a house in Palmerston North City increased to $272,500 in July, from $240,000 in June (July 2007: $287,094). 112 houses sold (June 2008: 88; July 2007: 134).

Sales increased slightly in Manawatu Country with 25 houses sold (June 2008: 16; July 2007: 37). The median price also improved, reaching $235,000 from $162,500 in June (July 2007: $197,500).

The median price in the Manawatu Region rose to $260,000 in July, from $222,500 in June and $247,500 in July 2007. 165 houses sold (June 2008: 141; July 2007: 247).

44 houses sold in Wanganui City in July, two more than the 42 sold in June (July 2007: 75). The median price rose to $187,500 in July, up from $155,000 in June and $171,000 in July 2007.

The median price in the Wanganui Region rose to $185,000 in July from $166,000 in June (July 2007: $173,500). 65 houses sold in July (June 2008: 55; July 2007: 104).

Taranaki
The median price for a house in Taranaki rose to $265,000 in July, up from $255,000 in both June 2008 and July 2007. 155 houses sold (June 2008: 135; July 2007: 151).

28 houses sold in the Taranaki Country region in July (June 2008: 18; July 2007: 19). The median price eased from $222,500 in June to $190,000 in July (July 2007: $190,000).

The median sales price for a New Plymouth City house remained steady at $285,000 in both June and July 2008 (July 2007: $310,000). 76 houses sold in July (June 2008: 69; July 2007: 67).

Wellington
Wellington’s median price increased to $371,000 in July, from $366,500 in June and $360,000 in July 2007. In total, 503 houses sold, up on the 458 sold in June (July 2007: 652).

39 houses sold in the Wairarapa in July (June 2008: 45; July 2007: 67). The median price rose to $252,500 from $247,000 in June (July 2007: $250,000).
The median price for an Upper Hutt house eased slightly to $315,000 from $325,000 in June (July 2007: $342,500). 57 houses sold, 20 more than the 37 sold in June (July 2007: 62).

98 houses sold in the Hutt Valley, up on the 91 sold in June and down on the 140 sold in July 2007. The median price rose from $305,500 in June to $337,250 in July (July 2007: $340,000).

The median price for a house in Otaki/Paekakariki eased to $303,000 in July, from $332,500 in June and $351,300 in July 2007. 65 houses sold, five more than the 60 sold in June (July 2007: 100).

Sales rose slightly in Pukerua Bay/Tawa in July, with 46 houses sold (June 2008: 43; July 2007: 54). The median price also fell to $337,800 in July from $367,000 in June (July 2007: $345,000).

47 houses sold in Central Wellington in July, up on the 40 sold in June (July 2007: 84). The median price increased to $420,000 in July, from $387,500 in June and $337,000 in July 2007.

Nelson/Marlborough
The median price for a Nelson/Marlborough house eased to $330,000 in July, from $335,000 in June (July 2007: $320,000). 177 houses sold, up on the 169 sold in June (July 2007: 224).

61 houses sold in Nelson City in July, down from 67 in June (July 2007: 89). The median price eased to $310,000 from $345,000 in June and $319,000 in July 2007.

The median price for a Nelson Council zone house eased to $330,000 in July, from $345,000 in June and $320,000 in July 2007. 107 houses sold during the month (June 2008: 108; July 2007: 140).

70 houses sold in Marlborough in July (June 2008: 61; July 2007: 84). The median price increased to $324,000 from $315,000 in June and $319,500 in July 2007.

Canterbury/Westland
675 houses sold in Canterbury/Westland in July, up on the 666 sold in June (July 2007: 886). The median price also rose to $300,000 from $299,000 in June (July 2007: $310,000).

The median price for a house in Christchurch City reached $316,500 in July, up from $315,000 in June (July 2007: $330,000). 481 houses sold, up on the 479 sold in June (July 2007: 589).

The median price for a home in Rangiora eased to $290,000 in July, from $318,750 in June (July 2007: $318,000). 20 houses sold, two less than the 22 sold in June (July 2007: 29).

14 houses sold in North Canterbury in July (June 2008: 16; July 2007: 34). The median price achieved eased however to $247,500 from $290,000 in June (July 2007: $285,000).

The median price for a Canterbury Country home dipped to $335,000 in July from $365,000 in June (July 2007: $389,000). 47 houses sold, up on the 22 sold in June 2008 (July 2007: 32).
29 houses sold in Mid Canterbury in both June and July 2008 (July 2007: 42). The median price rose to $257,000 in July, from $248,000 in June (July 2007: $264,500).

Sales fell slightly in Timaru in July, with 29 houses sold (June 2008: 33; July 2007: 62). The median price rose to $230,000 in July, well up on June’s median price of $195,000 (July 2007: $228,000).

The median price for a house on the West Coast rose to $191,500 in July, from $185,000 in June and $162,500 in July 2007. 30 houses sold, up on the 25 sold in June (July 2007: 32).

194 houses sold in Outer Canterbury in July (June 2008: 187; July 2007: 297). The median price increased to $263,000 in July from $250,000 in June and $262,000 in July 2007.

Central Otago Lakes
69 houses sold in July, eight more than the 61 sold in June (July 2007: 84). The median price reached $565,000 in July, up from $514,000 in June (July 2007: $452,500).

The median price for a house in Central Otago rose to $497,500 in July, from $440,000 in June (July 2007: $364,750). 26 houses sold (June 2008: 22; July 2007: 48).

Sales volume rose slightly in Queenstown with 43 houses sold in July (June 2008: 39; July 2007: 36). The median price rose to $586,667 from $580,000 in June (July 2007: $592,500).

Otago
217 houses sold in Otago in July, up on the 177 sold in June (July 2007: 238). The median price rose to $240,000 from $225,000 in June and $227,875 in July 2007.

Sales volume dipped in North Otago with 23 houses sold (June 2008: 27; July 2007: 30). The median price rose to $205,000 in July, from $200,000 in June (July 2007: $208,250).

The median price for a house in Dunedin City increased to $249,500 in July, from $244,600 in June and $247,000 in July 2007. 180 houses sold (June 2008: 131; July 2007: 170).

Sales volume eased in South Otago with 11 houses sold (June 2008: 16; July 2007: 31). The median price eased to $130,000, from $151,000 in June (July 2007: $165,000).
 
Three houses sold in East Otago in June and July 2008 (July 2007: seven). The median price eased to $135,000 in July from $233,000 in June and $187,000 in July 2007.

Southland
Sales volume fell in Southland with 129 houses sold (June 2008: 152; July 2007: 218). The median price eased to $172,000 in July, from $182,500 in June and $185,000 in July 2007.

Sales volume eased in Invercargill in July with 87 houses sold (June 2008: 101; July 2007: 157). The median price eased also to $183,000 from $185,000 in June and $197,000 in July 2007.

The median price for a house in Gore eased to $147,500 in July, from $158,000 in June (July 2007: $115,000). 20 houses sold, six less than the 26 sold in June (July 2007: 29).











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Lender Flt 1yr 2yr 3yr
ANZ 5.19 4.15 4.09 4.49
ANZ Special - 3.65 3.59 3.99
ASB Bank 5.20 4.15 4.09 4.39
ASB Bank Special - 3.65 3.59 3.89
BNZ - Classic - 3.65 ▼3.54 3.99
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 6.15 4.95 4.95 -
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct - - - -
First Credit Union 5.85 - - -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 4.80 4.95 -
Housing NZ Corp 5.19 ▼4.15 ▼4.09 ▼4.39
HSBC Premier 5.24 3.35 3.35 3.35
Lender Flt 1yr 2yr 3yr
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 5.65 3.85 3.95 3.89
Kiwibank 5.80 4.30 4.34 4.74
Kiwibank - Capped - - - -
Kiwibank - Offset 5.15 - - -
Kiwibank Special - 3.55 3.59 3.99
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 5.70 4.69 4.79 -
Resimac 5.30 4.86 4.14 4.19
Lender Flt 1yr 2yr 3yr
RESIMAC Special - - - -
SBS Bank 5.29 4.85 5.05 5.49
SBS Bank Special - 3.69 3.69 3.99
Sovereign 5.30 4.15 4.29 4.55
Sovereign Special - 3.65 3.75 4.05
The Co-operative Bank - Owner Occ 5.15 3.65 3.59 3.99
The Co-operative Bank - Standard 5.15 4.15 4.09 4.49
TSB Bank 6.09 4.65 4.59 4.85
TSB Special 5.29 3.85 3.79 4.05
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.34 4.15 4.09 4.49
Lender Flt 1yr 2yr 3yr
Westpac - Offset 5.34 - - -
Westpac Special - 3.65 3.59 3.99
Median 5.35 4.15 4.09 4.19

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