tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Wednesday, April 24th, 12:52AM

News

rss
Latest Headlines

2018 an “interesting” year - REINZ

Median prices and sales activity turned in a healthy performance around the country over the course of 2018 in an “interesting” year for real estate, according to REINZ.

Saturday, December 22nd 2018, 10:27AM

by The Landlord

REINZ has released its annual “year in review” data for 2018 and it paints a picture of a solid market – which stands in stark contrast to markets across the Tasman.

However, while 2018’s results were healthy, price growth was off the pace seen in 2017.

It shows the national median sale price increased by 10.6% from January - November 2018 (from $520,000 to $575,000). But this is as compared to 11.2% the same period last year (from $485,500 to $540,000).

In a similar vein, the Auckland median sale price increased by 5.7% from January - November 2018 (from $820,000 to $867,000). But this is as compared to 6.0% for the same period last year (from $830,000 to $880,000).

In contrast, the sales count for New Zealand from January - November 2018 totalled 72,188 which is a 4.2% increase on the same period last year

The sales count in the Auckland region from January - November 2018 totalled 21,202 which is a 4.0% increase on the same period last year.

Days to sell actually decreased both nationally and in Auckland in the January – November 2018 period. Nationally, they were down from 46 to 35 days, while in Auckland they fell from 45 to 37 days.

REINZ chief executive Bindi Norwell says the 2018 property market was dominated by a number of key themes.

These included the “foreign buyer ban”, the stabilisation of pricing in the Auckland market, the strength of the regions in terms of price growth, and an increased spotlight on the property management industry.

But 2018 has certainly been an interesting year for the real estate industry, she says.

“We’ve seen record median prices reached in many parts of the country, strong sales volumes, a significant amount happening on the regulation front and just recently the foreign buyer ban and the changes to the LVRs.”

“All in all, we expect 2019 to be another good year for the industry,” Norwell adds.

Tags: house prices housing market REINZ sales activity

« 2018 – a year of uncertaintyHouse prices correct nationally but still some hot spots »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News
Most Commented On
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 ▼7.29 ▼6.59
SBS Bank Special - 7.24 ▼6.69 ▼5.99
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 7.29 6.65

Last updated: 22 April 2024 9:06am

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com