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Residential Highlights – September 2008

The Real Estate Institute of New Zealand's September statistics are out now. Find out what's happening in your area.

Friday, October 10th 2008, 2:20PM

by The Landlord

Northland
In total, 104 houses sold in Northland in September (August 2008:119; September 2007:147). The median price up to $297,500 from $285,000 in August (September 2007: $320,000).

19 houses sold in the Whangarei County area (August 2008:12; September 2007:17). The median price was up at $375,000 from $327,500 in August (September 2007:$482,000).

51 houses sold in Whangarei City in September, down on the 68 sold in August (September 2007:71). The median price fell to $275,000 (August 2008: $285,000; September 2007: $305,000).


Auckland
Sales volume was up with 1425 houses sold in September, compared with 1350 sold in August. (September 2007: 1956). 

The median house price in Auckland fell slightly to $420,000 in September, from $423,500 in August (September 2007: $441,500).

The median sale price for a North Shore City home rose slightly to $ 508,500 in September (August 2008: $508,000; September 2007: $520,000). 246 houses sold during the month, up on the 235 sold in August.  (September 2007: 341).

Sales volume dropped in Waitakere City in September with 184 houses sold (August 2008: 202; September 2007: 264).  The median price was also down at $360,000 (August 2008: $374,000; September 2007: $375,000).

The median price for an Auckland City house decreased to $450,000 in September (August 2008: $467,500 and September 2007: $480,000). 469 houses sold in September, up from 445 in August (September 2007: 641).

298 houses sold in Manukau City in September (August 2008: 272; September 2007: 434). The median price was down slightly at $397,000 from $399,500 in August (September 2007: $430,000).

Sales increased in Papakura with 47 houses sold (August 2008: 35; September 2007: 67).  The median price was down at $293,500 (August 2008: $355,000; September 2007: $363,500).

The median price for a Metropolitan Auckland house was down to $425,000 in September, from $430,000 in August (September 2007: $445,000).1244 houses sold (August 2008: 1189; September 2007: 1747).

97 houses sold in Rodney District, up on the 70 sold in August (September 2007: 98). The median price rose to $440,000, from $428,500 in August (September 2007: $490,750).

The median price for a Franklin District home dropped to $365,000 in September, from $385,000 in August (September 2007: $385,000).  52 houses were sold (August 2008: 46; September 2007: 67).

In Thames/Coromandel 32 houses sold in September, down from 45 sold in August (September 2007: 44). The median price rose slightly to $349,000 from $345,000 in August (September 2007: $405,000).

The median price for an Outer Auckland home rose to $405,000 in September, from $394,000 in August. (September 2007: $429,500). 181 houses sold, up from the 161 sold in August (September 2007: 209).

Waikato/Bay of Plenty/Gisborne
The median price for a house in the Waikato/Bay of Plenty/Gisborne region eased to $314,350 in September   (August 2008: $316,000; September 2007: $322,750). 632 houses sold, an increase on the 577 sold in August 2008 (September 2007: 866).

Sale numbers increased in Waikato Country in September with 108 houses sold (August 2008: 101; September 2007: 198). The median price rose to $253,500 (August 2008: $235,000; September 2007: $249,950).

The median price for a Hamilton City house eased to $330,000 in September, from $334,000 in August (September 2007: $365,000). Sales volume was up, with 168 houses sold in September 2008 (August 2008: 146; September 2007:200).

Sales volume also increased in Western Bay of Plenty Country with 37 houses sold, up on the 23 sold in
August. The median price dropped to $344,000 from $385,000 in August.  In September 2007, 53 houses sold with a median sales price of $370,000).

The median price for a house in Mt Maunganui/Papamoa rose slightly to $412,500 in September, from $408,000 in August (September 2007: $405,000). 56 houses sold, up on the 47 sold in August 2008 (September 2007: 73). 

100 houses sold in Tauranga in September, up on the 93 sold in August (September 2007: 96). The median price eased to $334,350, down from $336,915 in August (September 2007: $358,000).

Rotorua’s median price dropped to $257,500 in September, down from $277,000 in August (September 2007: $262,350). 60 houses sold, down five on the 65 sold in August (September 2007: 84). 

26 houses sold in Taupo in September, a decrease on the 30 sold in August (September 2007: 48). The median price jumped from $317,500 in August to $419,000 in September (September 2007: $362,500).

The median price for a King Country home dropped to $175,000 in September (August 2008: $184,250;
September 2007: $171,000). 9 houses sold, down from the 14 sold in August (September 2007: 14).

The median price for a Gisborne City home dropped to $215,000 from $290,000 in August (September 2007: $249,250). 37 houses sold, an increase from the 29 sold in August (September 2007: 50).


Three houses sold in Gisborne Country in September (August 2008: one; September 2007: four). The median sale price of was $280,000 (August 2008: $230,000; September 2007: $102,500).

The median price for a house in Eastern Bay of Plenty Country dropped to $270,000 in September, down from $280,000 in August (September 2007: $208,500). Sale numbers were steady at 28 houses sold (September 2007: 46).

Hawkes Bay
Sales volume was down in the Hawkes Bay in September with 144 houses sold (August 2008: 177; August 2007: 181). The median price increased to $271,742 (August 2008: $265,000; September 2007: $285,000).

The median price for a house in Napier City eased slightly to $282,500 in September (August 2008: $283,000; September: 2007: $306,000). 42 houses sold in September (August 2008:77; September 2007:63).

68 houses sold in Hastings City in September 2008, down from 74 in August 2008. (September 2007: 76) The median price was up at $255,500. (August 2008: $249,000; September 2007: $283,250).

Hawkes Bay Country’s median price rose to $360,000 in September, from $320,000 in August (September 2007: $400,000) with 18 homes sold in September, double that of the 9 sales in August 2008. (September 2007: 15).

Manawatu/Wanganui
The median price for a house in the Manawatu/Wanganui district eased to $225,000 in September (August 2008: $231,000; September 2007: $240,000). 234 houses sold in September, up on the 208 sold in August (September 2007: 309).

The median sale price for a house in Palmerston North City rose to $282,000 in September (August 2008: $262,500; September 2007: $285,000). 92 houses sold (August 2008:94; September 2007: 143).

Sales volume increased in Manawatu Country with 24 houses sold (August 2008:9; September 2007: 30). The median price also rose to $202,500 from $196,000 in August (September 2007: $198,000).

The median price in the Manawatu area remained stable at $245,000 in September. (August 2008: $245,000; September 2007: $265,000). 170 houses sold (August 2008:164; September 2007:239).

43 houses sold in Wanganui City in September, up sharply on the 25 sold in August (September 2007: 47). The median price eased to $172,500 from $177,500 in August (September 2007: $169,000).

The median sale price in Wanganui slipped to $171,250 in September, down from $182,500 in
August (September 2007: $167,500). 64 houses sold, an increase on 44 sold in August 2008 (September 2007: 70).

Taranaki

The median price for a house in Taranaki rose to $256,583 in September (August 2008: $250,000; September 2007:$265,000). 158 sold, up from the 147 sold in August (September 2007: 141).

20 houses sold in the Taranaki Country area in September (August 2008:16; September 2007:19). The median price rose to $226,500 from $189,500 in August (September 2007: $194,000).

The median sale price for a New Plymouth City house dropped to $281,000 (August 2008: $300,000; September 2007: $350,000). 81 houses sold in September (August 2008: 70; September 2007:68).

Wellington
The median price for a Wellington house was down at $350,000 in September, from $375,000 in August (September 2007: $380,000). 491 houses sold, up on the 458 sold in August (September 2007: 652).

31 houses sold in the Wairarapa in September (August 2008: 28; September 2007: 62). The median price dropped to $225,000 from $278,750 in August (September 2007: $247,500).

The median price for an Upper Hutt house eased slightly to $285,000 (August 2008: $286,000; September 2007:$368,000).  47 houses sold, up on the 44 sold in August (September 2007: 59).

97 houses sold in the Hutt Valley (August 2008: 92; September 2007: 135). The median price dropped to $316,700 from $330,000 in August 2008 (September 2007: $335,000).

The median price for a house in Otaki/Paekakariki rose to $295,000 in September (August 2008: $287,000; September 2007: $330,500). 83 houses sold, more than double that of August’s 37. (September 2007:89).

54 houses sold in Pukerua Bay/Tawa in September, falling from the 71 sales in August (September 2007:70). The median price dropped to $359,000 from $380,000 in August (September 2007: $ 387,250).

Sales numbers in Central Wellington rose to 43 in September from 36 in August 2008. (September 2007: 59). The median price jumped to $390,000, up from $351,000 in August (September 2007: $389,000).

Nelson/Marlborough
The median price for a Nelson/Marlborough house was down at $320,000 in September, from August’s $328,000. (September 2007: $330,250) 219 houses sold (August 2008:184; September 2007: 230).

76 houses sold in Nelson City zone during September (August 2008:59; September 2007: 86). The median price increased to $333,500 from $329,000 in August (September 2008: $330,000).

The median price for a Nelson Council zone house dipped slightly to $333,500 in September (August 2008: $336,000; September 2007: $332,500). 134 houses sold (August 2008: 109; September 2007:146).

85 houses sold in Marlborough in September (August 2008:75; September 2007:84). The median price was down at $300,000 from $318,000 in August and $325,250 in September 2007.

Canterbury/Westland
Sales volume increased in Canterbury/Westland with 677 houses sold in September (August 2008: 618; September 2007: 836). The median price remained stable at $290,000 (August 2008: $290,000; September 2007: $315,000).

The median price for a house in Christchurch City rose slightly to $312,250 in September, from $310,000 in August.  (September 2007: $335,000). 436 houses sold (August 2008:418; September 2007: 595).

The median price for a home in Rangiora dipped to $296,750 in September (August 2008: $328,000; September 2007: $273,000). 32 houses sold, up on the 23 sold in August 2008. September 2007: 23).

The median price for a North Canterbury house was up $500 at $233,000 in September, from $232,500 in August. (September 2007: $305,000). 15 houses sold, up on the 9 sold in August (September 2007: 23).

The median price for a Canterbury Country home increased to $375,000 in September, from $344,500 in August. (September 2007: $392,500). 38 houses sold (August 2008: 22; September 2007:34).

45 houses sold in Mid Canterbury in September (August 2008:35; September 2007: 44). The median price slipped to $251,800 from $265,000 in August and $283,750 in September 2007.

Sales increased in Timaru in September, with 40 houses sold (August 2008: 35; September 2007: 38). The median price was also up at $252,500 in September, from $243,570 in August (September 2007: $216,500).

The median price for a house on the West Coast was down at $175,000 from August’s median of $220,000.  (September 2007: $170,000). 30 houses sold, up on the 23 sold in August (September 2007: 30). 

241 houses sold in Outer Canterbury in September (August 2008: 200; September 2007: 241). The median price was down slightly at $255,000 in September from $259,500 in August (September 2007: $269,000).

Central Otago Lakes
70 houses sold in September, up on the 60 sold in August (September 2007: 110). The median price rose to $480,000 in September, from $465,000 in August (September 2007: $477,500).

The median price for a house in Central Otago dropped to $395,000 in September (August 2008: $418,000; September 2007: $408,000). The number of sales remained steady at 29 (August 2008: 29; September 2007: 53).

Sales volume also increased in Queenstown with 41 houses sold in September, up on the 31 sold in August (September 2007:57).  The median price reached $520,000 (August 2008: $490,000; September 2007: $584,000).


Otago
232 houses sold in Otago in September, an increase on the 188 sales in August (September 2007:263). The median price dipped to $221,500 from $230,000 in August (September 2007: $236,000).

Sales volume was stable in North Otago with 24 houses sold in both August and September 2008. (September 2007:32). The median price rose to $200,000 from $189,000 in August (September 2007: $178,000).

The median price in Dunedin City was down at $230,000 in September from $249,500 in August (September 2007: $260,000). 190 houses sold (August 2008: 152; September 2007: 194).

Sales volume also increased in South Otago with 14 houses sold (August 2008: 10; September 2007: 31). The median price dropped to $125,150 from $148,000 in August (September 2007: $150,000).

Four houses sold in East Otago in September, double the two sold in August. (September 2007: six).  The median price was down at $164,000.  (August 2008: $270,000; September 2007: $247,000).
   
Southland
Sales volume eased in Southland with 113 houses sold (August 2008: 134; September 2007: 203). The median price also eased down to $187,000 from $190,000 in August (September 2007: $195,000).

Sales volume was down in Invercargill, with 85 houses sold in September. (August 2008:96; September 2007: 139).  The median price increased to $200,000 (August 2008: $190,000; September 2007: $201,500).

The median price for a house in Gore fell to $150,000 in September from $182,500 in August (September 2007: $148,500). House sales were steady at 15 during August and September 2008.  (September 2007: 26).

   

« NZ house sales rise from 26-year low; prices steady: REINZProperty Investors Show Resilience in Slump: Survey »

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Lender Flt 1yr 2yr 3yr
ANZ 5.19 4.15 ▼4.04 4.49
ANZ Special - 3.65 ▼3.54 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 ▼3.49 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 ▼3.89
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 ▼3.54 3.99
Median 5.35 4.15 4.09 4.19

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