About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Friday, November 15th, 6:56PM
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

« Free Investment Property Showcase Events: Auckland, Wellington and ChristchurchHouse 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

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.19 4.05 3.95 4.49
ANZ Special - 3.55 3.45 3.99
ASB Bank 5.20 4.05 3.95 4.39
ASB Bank Special - 3.55 3.45 3.89
BNZ - Classic - 3.55 3.45 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 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 3.35 3.35 3.35
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - - -
ICBC 5.15 3.18 3.18 3.20
Kainga Ora 5.18 4.04 3.95 4.39
Kiwibank 5.80 ▼4.14 ▲4.30 4.64
Kiwibank - Capped - - - -
Kiwibank - Offset 5.15 - - -
Kiwibank Special - ▼3.39 ▲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 4.86 3.89 3.94
RESIMAC Special - - - -
SBS Bank 5.29 4.85 5.05 5.49
SBS Bank Special - ▼3.55 3.39 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 3.49 3.59 3.89
The Co-operative Bank - Standard 5.15 3.99 4.09 4.39
TSB Bank 6.09 4.35 4.25 4.69
Lender Flt 1yr 2yr 3yr
TSB Special 5.29 3.55 3.45 3.89
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.34 4.15 4.09 4.49
Westpac - Offset 5.34 - - -
Westpac Special - 3.55 3.45 3.99
Median 5.34 4.04 4.09 4.39

Last updated: 15 November 2019 4:16pm

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

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