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REINZ residential highlights - August 2009

The regional figures are looking more colourful, compared to last year, according to the Real Estate Institute of New Zealand's (REINZ) August figures released today. Find out what's happening in the main residential areas throughout the country.

Monday, September 14th 2009, 10:00AM

by The Landlord

To view your region quickly, use 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, 126 houses sold in Northland in August (July 2009: 149; August 2008: 119). The median price decreased to $295,000 from $315,500 in July (August 2008: $285,000).

There were 14 houses sold in the Whangarei County area (July 2009: 28; August 2008: 12). The median price increased to $458,000 from $342,500 in July (August 2008: $327,500).

In Whangarei City, 69 houses sold in August, remaining the same as July 2009 (August 2008: 68). The median was down at $262,000 (July 2009: $290,000; August 2008: $285,000).

Auckland
The median house price in Auckland was up at $450,000 in August (July 2009: $440,000 August 2008: $423,500). 2,067 houses sold in August, compared with 2,024 sold in July (August 2008: 1,350).

The median sale price for a North Shore City home increased to $537,500 in August. (July 2009: $535,000; August 2008: $508,000).  426 houses sold during the month, up on the 400 sold in July 2009. (August 2008: 235).

Sales volume was down in Waitakere City in August with 258 sold (July 2009: 260; August 2008: 202).  The median price increased to $374,000 (July 2009: $360,000; August 2008: $374,000).

The median price for an Auckland City house increased to $500,000 in August (July 2009: $461,250 and August 2008: $467,500). 662 houses sold in August, up on the 646 sold in July 2009 (August 2008: 445).

There were 406 houses sold in Manukau City in August (July 2009: 411; August 2008: 272). The median price was up at $439,500 from $438,000 in July (August 2008: $399,500).

The number of sales in Papakura was up one with 61 houses sold in August 2009. (July 2009: 60; August 2008: 35). The median price was up at $360,000 (July 2009: $338,000; August 2008: $355,000).

The median price for a Metropolitan Auckland house was up at $460,000 in August, from $450,000 in July (August 2008: $430,000).  1,813 houses sold (July 2009: 1,777; August 2008: 1,189).

In Rodney District, 132 houses sold, down from the 142 sold in July (August 2008: 70). The median price was down at $437,500, from $439,500 in July (August 2008: $428,500).

The median price for a Franklin District home was up at $360,000 in August, from $337,500 in July (August 2008: $385,000).  57 houses sold, down on the 58 sales in July 2009 (August 2008: 46).

There were 65 houses sold in Thames/Coromandel in August, up from the 47 sales in July (August 2008: 45). The median price remained at $355,000 (August 2008: $345,000).

The median price for an Outer Auckland home was down at $395,000 in August, from $400,000 in July (August 2008: $394,000). Sales volume was up with 254 houses sold, compared with the 247 sold in July (August 2008: 161). 

Waikato/Bay of Plenty/Gisborne
The median price for a house in the Waikato/Bay of Plenty/Gisborne district decreased to $317,500 in August (July 2009: $320,000; August 2008: $316,000). 796 houses sold, a decrease on the 884 sold in July 2009 (August 2008: 577).

Sales were down in Waikato Country in August with 133 houses sold (July 2009: 161; August 2008: 101). The median price was also down at $260,000 (July 2009: $280,000; August 2008: $235,000).

The median price for a Hamilton City house decreased to $336,500 in August. (July 2009: $338,500; August 2008: $334,000). Sales volume was down, with 223 houses sold in August 2009 (July 2009: 234; August 2008: 146).

Sales volume was up in Western Bay of Plenty Country with 51 houses sold, an increase on the 47 sold in July. The median price decreased to $345,000 from $380,000 in July. In August 2008, 23 houses sold with a median sale price of $385,000.

The median price for a house in Mt Maunganui/Papamoa increased to $395,000 in August, from $361,500 in July (August 2008: $408,000). 75 houses sold, up on the 74 sold in July 2009 (August 2008: 47).

In Tauranga, 78 houses sold in August, down on the 149 sold in July (August 2008: 93). The median price remained at $340,000 (August 2008: $336,915).

Rotorua's median price increased to $256,000 in August, from $246,500 in July (August 2008: $277,000). 76 houses sold, up from the 72 sold in July (August 2008: 65). 

There were 52 houses sold in Taupo in August, up one on July (August 2008: 30). The median price increased to $357,500 in August from $347,500 in July (August 2008: $317,500).

The median price for a King Country home decreased to $78,000 in August (July 2009: $190,000; August 2008: $184,250). 15 houses sold, same as in July (August 2008: 14).

The median price for a Gisborne City home increased to $280,000 from $250,000 in July (August 2008: $290,000). Sales volume was down with 32 houses sold, compared with the 41 sold in July (August 2008: 29).

The median price for a house in Eastern Bay of Plenty Country increased to $257,500 in August, up from $238,000 in July (August 2008: $280,000). 60 houses sold, an increase in numbers from the 39 sold in July.  28 sold in August 2008.

Hawke's Bay
Sales volume was down in the Hawke's Bay in August with 213 houses sold (July 2009: 232; August 2008: 177). The median price decreased to $253,000 (July 2009: $271,500; August 2008: $265,000).

The median price for a house in Napier City decreased to $268,000 in August (July 2009: $277,000; August 2008: $283,000). 93 houses sold in August (July 2009: 115; August 2008: 77).

There were 79 houses sold in Hastings City in August 2009, down from 85 in July 2009 (August 2008: 74).  The median price was down at $255,000 from $287,500 in July (August 2008: $249,000).

Hawke's Bay Country's median price dropped to $193,000 in August, from $330,000 in July (August 2008: $320,000).  14 homes sold in August (July 2009: 9; August 2008: 9).

Manawatu/Wanganui
The median price for a house in the Manawatu/Wanganui district was down at $210,000 in August (July 2009: $224,250; August 2008: $231,000). 298 houses sold in August, down on the 328 sold in July (August 2008: 208).

The median sale price for a house in Palmerston North City increased to $250,200 in August. (July 2009: $277,000; August 2008: $262,500). 120 houses sold (July 2009: 134; August 2008: 94).

Sales volume was down in Manawatu Country with 25 houses sold (July 2009: 31; August 2008: nine). The median price dropped to $162,000 from $220,000 in July (August 2008: $196,000).

The median sale price in Manawatu was down at $225,000 in August (July 2009: $246,500; August 2008: $245,000). The number of sales was down with 228 houses sold (July 2009: 243; August 2008: 164).

There were 46 houses sold in Wanganui City in August, down from the 60 sold in July (August 2008: 25). The median price was up at $178,000 from $164,000 in July (August 2008: $177,500).

The median sale price in Wanganui dropped to $160,250 in August. (July 2009: $175,000; August 2008: $182,500). 70 houses sold, down on the 85 sold in July 2009 (August 2008: 44).

Taranaki
The median price for a house in Taranaki increased to $287,500 in August (July 2009: $280,100; August 2008: $250,000). 150 houses sold, down from the 168 sold in July (August 2008: 147).

In the Taranaki Country area, 18 houses sold in August (July 2009: 21; August 2008: 16). The median price decreased to $216,250 from $220,000 in July (August 2008: $189,500).

The median sale price for a New Plymouth City house increased to $322,500 (July 2009: $310,000; August 2008: $300,000).  The number of sales dropped with 80 houses sold in August (July 2009: 96; August 2008: 70).

Wellington
Wellington's median price increased to $395,500 in August from July 2009's $370,000.  (August 2008: $375,000). The number of sales was up at 622 for July, compared with 618 sold in July 2009.  (August 2008: 458).

There were 40 houses sold in the Wairarapa in August (July 2009: 63; August 2008: 28). The median price was down at $217,500 from $231,500 in July (August 2008: $278,750).

The median price for an Upper Hutt house dropped to $310,000 (July 2009: $332,000; August 2008: $286,000). 48 houses sold, up on the 39 sold in July (August 2008: 44).

There were 126 houses sold in the Hutt Valley (July 2009: 134; August 2008: 92). The median price was down at $317,500 from $325,500 in July 2009 (August 2008: $330,000).

The median price for a house in Otaki/Paekakariki fell to $310,000 in August (July 2009: $315,000; August 2008: $287,000).107 houses sold (July 2009: 91; August 2008: 37).

There were 75 houses sold in Pukerua Bay/Tawa in August, down from 80 sales in July (August 2008: 71). The median price was up at $450,000 (July 2009: $367,563; August 2008: $380,000).

Sale numbers in Central Wellington were up at 55 from 42 in July 2009. (August 2008: 36). The median price dropped to $560,000 from $427,500 in July (August 2008: $351,000).

Nelson/Marlborough
The median price for a Nelson/Marlborough house decreased to $325,000 in August (July 2009: $328,000; August 2008: $328,000).  213 houses sold (July 2009: 228; August 2008: 184).

In Nelson City, 73 houses sold in August (July 2009: 75; August 2008: 59). The median price dropped to $305,000 (July 2009: $350,000; August 2008: $329,000).

The median price for a Nelson Council zone house was down at $346,250 in August (July 2009: $355,000; August 2008: $336,000). 142 houses sold (July 2009: 135; August 2008: 109).

There were 71 houses sold in Marlborough in August (July 2009: 93; August 2008: 75). The median price eased back to $300,000 from $305,000 in July (August 2008: $318,000). 

Canterbury/Westland
Sales volume was down in Canterbury/Westland with 885 houses sold in August (July 2009: 905; August 2008: 618). The median sale price decreased to $295,000. (July 2009: $297,000; August 2008: $290,000).

The median price for a house in Christchurch City was up at $316,500 in July, from $310,000 in July (August 2008: $310,000). 600 houses sold (July 2009: 628; August 2008: 418).

The median price for a home in Rangiora increased to $283,000 in August (July 2009: $272,500; August 2008: $328,000). Sale numbers were up with 37 houses sold. (July 2009: 38; August 2008: 23).

The median price for a North Canterbury house was up to $336,000 in August, from $315,000 in July (August 2008: $232,500). 27 houses sold, down on the 29 sold in July (August 2008: nine).

The median price for a Canterbury Country home decreased to $360,000 in August, from $389,000 in July (August 2008: $344,500).  37 houses sold (July 2009: 41; August 2008: 22).

The number of houses sold in Mid Canterbury in August was up with 39 sales recorded.  (July 2009: 32; August 2008: 35).  The median price was down at $232,000 from $266,000 in June.  (August 2008: $265,000).

Sales volume was up in Timaru in August, with 58 houses sold (July 2009: 48; August 2008: 35). The median price increased to $232,500 in July, from $226,410 in July (August 2008: $243,570).

The median price for a house on the West Coast was down at $165,000 in August from $223,000 in July (August 2008: $220,000). 32 houses sold, up one on the 31 sold in July (August 2008: 23). 

There were 285 houses sold in Outer Canterbury in August (July 2009: 277; August 2008: 200). The median price was down at $260,000 in August (July 2009: $270,000; August 2008: $259,500).

Central Otago Lakes
In August there were 87 houses sold, up from the 84 sold in July (August 2008: 60). The median price was up at $435,000.  (July 2009: $411,000; August 2008: $465,000).

The median price for a house in Central Otago rose to $330,000 in August (July 2009: $327,000; August 2008: $418,000). 41 houses sold (July 2009: 49; August 2008: 29).

Sales volume increased in Queenstown with 46 houses sold in August, compared with the 35 sold in July (August 2008: 31). The median price was up at $506,250 (July 2009: $530,000; August 2008: $490,000).

Otago
There were 275 houses sold in Otago in August, up on the 229 sold in July (August 2008: 188).  The median price increased to $236,000 from $223,000 in July (August 2008: $230,000).

Sales volume dropped in North Otago with 29 houses sold (July 2009: 37; August 2008: 24). The median sale price dropped to $185,000 from $207,500 in July (August 2008: $189,000).

The median price in Dunedin City was up at $263,500 in August from $230,000 in July (August 2008: $249,500). 212 houses sold (July 2009: 179; August 2008: 152).

The number of sales was up in South Otago with 25 houses sold (July 2009: 10; August 2008: 10). The median price fell to $128,000 from $142,500 in July (August 2008: $148,000).

Southland
Sales volume was down in Southland with 146 houses sold (July 2009: 165; August 2008: 134). The median price increased to $200,000 from $190,000 in July (August 2008: $190,000).

Sales volume was down in Invercargill at 98 for August (July 2009: 120; August 2008: 96). The median price increased to $210,000 (July 2009: $205,500; August 2008: $190,000).

The median price for a house in Gore rose to $143,000 in August from $138,750 in July (August 2008: $182,500).  24 houses sold during the month (July 2009: 22; August 2008: 15).

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Lender Flt 1yr 2yr 3yr
AIA - Back My Build 6.19 - - -
AIA - Go Home Loans 8.74 7.45 7.05 6.85
ANZ 8.64 7.99 7.49 7.35
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 7.39 6.89 6.75
ASB Bank 8.64 7.39 6.89 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 - ▼7.29 ▼6.85 ▼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 ▼7.89 ▼7.45 ▼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 - 7.15 - -
Co-operative Bank - Owner Occ 8.40 7.35 6.89 6.75
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Standard 8.40 7.85 7.39 7.25
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 6.85 6.59
Lender Flt 1yr 2yr 3yr
Kainga Ora 8.64 7.79 7.59 7.29
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 8.50 8.35 7.89 7.65
Kiwibank - Offset 8.50 - - -
Kiwibank Special - 7.35 6.89 6.75
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 9.00 7.90 7.39 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
Resimac - LVR < 80% 8.84 8.30 7.89 7.69
Lender Flt 1yr 2yr 3yr
Resimac - LVR < 90% 9.84 9.30 8.89 8.69
Resimac - Specialist Clear (Alt Doc) - - 8.99 -
Resimac - Specialist Clear (Full Doc) - - 9.49 -
SBS Bank 8.74 7.95 7.45 7.29
SBS Bank Special - 7.45 6.95 6.79
SBS Construction lending for FHB - - - -
SBS FirstHome Combo 6.19 7.05 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.95 - - -
Select Home Loans 9.24 - - -
TSB Bank 9.44 8.19 7.55 7.55
Lender Flt 1yr 2yr 3yr
TSB Special 8.64 7.39 6.75 6.75
Unity 8.64 6.99 6.85 -
Unity First Home Buyer special - - 6.45 -
Wairarapa Building Society 8.60 7.15 6.85 -
Westpac 8.64 7.89 7.49 7.25
Westpac Choices Everyday 8.74 - - -
Westpac Offset 8.64 - - -
Westpac Special - 7.29 6.89 6.65
Median 8.64 7.45 7.37 6.77

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