Increasing pressure on housing stock in next 12 months

코리아포스트 0 1,362 2018.06.01 20:53

There are many more buyers than sellers intending to be active in the New Zealand property market in the next 12 months. 

 

This was a major finding in research released today by realestate.co.nz, the country’s largest property listing site with the most residential listings for sale.

 

Commissioned by realestate.co.nz, the Horizon Research survey* examined buyer and seller intention to participate in the property market in the near future.

e4a53987e300213a4a79bf68d916fdae_1527843 

 

The research results show that 6.4 per cent of the adults 18 years or over surveyed are definitely looking to buy in the next 12 months, but only 2.8 per cent of people stated they are definitely looking to sell in that same period, says realestate.co.nz spokesperson Vanessa Taylor. 

 

This equates to a shortage of around 3.6 per cent of homes across the New Zealand marketplace, representing a significant number of properties currently not on the market, she says.

 

“Even taking into account new builds which are underway and not included in these numbers, there will be an increasingly serious shortage of properties for keen buyers.”

 

“Not surprisingly, the biggest pressure is evident in Auckland,” says Vanessa.

The research shows that in the Auckland Council (super city) catchment, those who said they were definitely looking to buy lifted to 9.5 per cent (from 6.9 per cent in November 2017). However, those who intended to sell fell from 4.3 per cent to 2.6 per cent in the same period.

“This represents a widening gap between definite buyers and definite sellers.

“In November the shortfall between definite buyers and definite sellers represented around 9,000 homes.

“With more buyers saying they want to get into the market, the shortfall in the number of homes that would be required to meet that stated demand has widened to around 32,700,” says Vanessa. 

Of the six local government areas identified in the Horizon Research survey, only Tauranga City had more sellers (3.9 per cent) than buyers (1.0 per cent) intending to be active in the next 12 months.

In Christchurch City there was a significant gap between buyer and seller intention, with 15.5 per cent definitely looking to buy in the next 12 months and 4.0 per cent definitely looking to sell. 

 

e4a53987e300213a4a79bf68d916fdae_1527843

Current stability in national real estate market

The research from Horizon shows the buying and selling intentions of New Zealanders in the next 12 months. Real time statistics from realestate.co.nz show the current market nationally is relatively stable, says Vanessa Taylor.

New listings are slightly down compared to May 2017 (a 0.3 per cent decrease) and overall, total housing stock is marginally up one per cent (24,477) compared to May 2017.

The Auckland region pulled down the overall national number of new listings with a 4.4 per cent fall compared with the same period last year, but this was balanced by a lift in new listings in 13 of the 19 regions.

The average asking price for a New Zealand home is $648,218 representing a 0.4 per cent decrease on April 2018.

“It paints a picture of more choice and stable pricing in modest terms,” says Vanessa Taylor.

“We are entering the winter period and typically the market starts to go quiet, but people still buy and sell property. The winter months are typically slower with less volume than the summer months, which gives buyers and sellers more time to consider opportunities,” she says.

 

e4a53987e300213a4a79bf68d916fdae_1527843

Asking price highs in five regions

While asking prices were relatively static nationally, all time average asking price highs were recorded in five regions in May.  

 

The Wairarapa region led the increases with an 8.6 per cent lift in asking prices ($483,181), followed by Gisborne (up 8.0 per cent to $389,117), Central North Island (up 6.7% to $472,273), Coromandel (up 5.7 per cent to $707,705) and Hawke’s Bay (up 5.1% to $507,037),

 

New listings increase in 13 of 19 regions – ski regions “hot”

The Auckland region dragged down the national new listing average with a 4.4 per cent drop compared with the same period last year. The total number of new listings in May stood at 3,528.

 

”Two of the three “hottest” new listing regions were skiing meccas”, says Vanessa Taylor.

 

Central North Island led the country with an 18.7 percent increase in new listings (146), followed by the Hawke’s Bay region (up 14.9 per cent to 332) and Central Otago/Lakes (up 11.1 per cent to 160).

 

“With the ski season looming it’s natural that sellers are looking to capitalise,” she says.

 

“Interestingly, while average asking prices were up 6.7 per cent in the Central North Island, they fell 4.4 per cent in Central Lakes/Otago.”

 

e4a53987e300213a4a79bf68d916fdae_1527843
 

ENDS.

Note: realestate.co.nz data is collated on the penultimate day of the month.

 

 

*Horizon Research:  Results of April 2018 Online Property Media Monitor for realestate.co.nz.

1,345 members of the Horizon Research national panel which represents the New Zealand adult population.

 

     

     Glossary of terms:

As the only provider of real estate data in real time, realestate.co.nz offers valuable property market information not available from other sources.

 

Average asking price gives an indication of current market sentiment. Statistically, asking prices tend to correlate closely with the sales prices recorded in future months when those properties are sold. As it looks at different data, average asking prices may differ from recorded sales data released at the same time.

Inventory is a measure of how long it would take, theoretically, to sell the current stock

at current average rates of sale if no new properties were to be listed for sale. It provides a measure of the rate of turnover in the market.

New listings are a record of all the new listings on realestate.co.nz for the relevant

calendar month. As realestate.co.nz reflects 97 per cent of all properties listed through registered

estate agents in New Zealand, this gives a representative view of the New Zealand property market.

Demand: the increase or decrease in the number of views per listing in that region, taken over a rolling three-month time frame, compared to the same three-month time frame the previous year – including the current month.

Seasonal adjustment is a method realestate.co.nz uses to better represent the core underlying trend of the property market in New Zealand. This is done using methodology from the New Zealand Institute of Economic Research.

• Truncated mean is the method realestate.co.nz uses to provide statistically relevant asking prices.

The top and bottom 10 per cent of listings in each area are removed before the average is

calculated, to prevent exceptional listings from providing false impressions.

 

  • 페이스북으로 보내기
  • 트위터로 보내기
  • 구글플러스로 보내기
  • 카카오스토리로 보내기
  • 네이버밴드로 보내기

Comments

 플러스 광고

미드와이프 김유미 (Independent Midwife YOOMI KIM)
임신, 출산, 출산후 6주 신생아와 산모의 건강 관리를위해 함께 하는 미드와이프 김 유미 T. 021 0200 9575
Eftpos 나라
eftpos.cash register,cctv,scale,alarm,pos system. T. 0800 880 400

Pick up free timber off-cuts at Waitākere Tra…

댓글 0 | 조회 1,057 | 2018.07.03
Many locals knowWaitākereTransfer Station is the cheapest and easiest place around to take their exc… 더보기

Insights: Middle-class earners increasingly l…

댓글 0 | 조회 777 | 2018.07.02
Middle-income groups are facing the largest declines in housing affordability in Auckland, analysis … 더보기

Taniwha to guard Harbour Bridge this Matariki

댓글 0 | 조회 833 | 2018.06.30
On 28 June Auckland Council struck its 10-year Budget, beginning a decade of transformational infras… 더보기

Water projects in Auckland

댓글 0 | 조회 779 | 2018.06.27
Awakeri Wetlands and Grove Road Box Culvert, part of the Takanini Stormwater programme.Aucklanders –… 더보기

Pick & Mix launches with K-Pop for Kids

댓글 0 | 조회 888 | 2018.06.25
The popular, family-friendly programme Auckland Live Pick & Mix is back this winter to inspire y… 더보기

Auckland students inspired by Kiwi screen sta…

댓글 0 | 조회 808 | 2018.06.23
The next generation of potential producers, actors and crew from Auckland’s thriving screen industry… 더보기

More Aucklanders choosing active transport

댓글 0 | 조회 802 | 2018.06.21
38 per cent of Aucklanders are riding bikes in 2018, according to Auckland Transport's latest active… 더보기

Rise in obesity rates in school children reve…

댓글 0 | 조회 857 | 2018.06.20
Auckland’s level of obesity in under-fives has continued to fall for the third year in a row but new… 더보기

Improving public transport options for Wynyar…

댓글 0 | 조회 756 | 2018.06.19
New bus routes and bus stops will make travelling to and from Wynyard Quarter faster and simpler.Sin… 더보기

Give feedback on creative Federal Street impr…

댓글 0 | 조회 712 | 2018.06.18
Colourful polka dots, planter boxes and a contraflow cycle lane have transformed Federal Street, and… 더보기

See Auckland's waterfront grow into the futur…

댓글 0 | 조회 946 | 2018.06.17
WATCH: Auckland's future revealedAuckland’s city centre is one of the fastest growing parts of the c… 더보기

Students step up to improve ecology at Unswor…

댓글 0 | 조회 922 | 2018.06.08
Nicholas Mayne of the Upper Harbour Local Board (right) with Kristin School volunteers at Unsworth R… 더보기

13 ways to beat the winter blues in Auckland

댓글 0 | 조회 1,137 | 2018.06.07
Winter is here but that doesn’t mean you have to let the cold-weather blues get you down. Here are 1… 더보기

Prime Minister must reconsider oil and gas ba…

댓글 0 | 조회 1,042 | 2018.06.07
The Prime Minister must urgently revisit her Government’s decision to end oil and gas exploration fo… 더보기

Fukuoka Garden wins national awards

댓글 0 | 조회 1,167 | 2018.06.05
The Fukuoka Garden in Western Springs Lakeside Park has won Best Overall Project and Best Local Gove… 더보기

Dig into community planting days

댓글 0 | 조회 1,142 | 2018.06.02
Planting season is kicking off, so why not#livelightlyandtake the pledgeto get involved with a commu… 더보기
Now

현재 Increasing pressure on housing stock in next …

댓글 0 | 조회 1,363 | 2018.06.01
There are many more buyers than sellers intending to be active in the New Zealand property market in… 더보기

New bus services coming to Auckland’s central…

댓글 0 | 조회 1,300 | 2018.05.28
Major improvements are on the way for bus services in Auckland’s central suburbs.The New Network wil… 더보기

Auckland walks to do this winter

댓글 0 | 조회 1,264 | 2018.05.26
The cold weather is on its way but don’t stay inside and hibernate this coming winter – get outdoors… 더보기

One in five believe their doctor has recommen…

댓글 0 | 조회 1,140 | 2018.05.25
One in five New Zealanders think their doctor has recommended a test or treatment that wasn’t necess… 더보기

New Zealand skifields prepare for winter fun

댓글 0 | 조회 1,112 | 2018.05.24
Since early this year, Mother Nature has been dropping hints that 2018 is likely to be a rewarding s… 더보기

Red-top bin collections start in Papakura

댓글 0 | 조회 1,878 | 2018.05.21
Papakura’s red-top rubbish bins are now being collected – the last piece of the three-bin system tha… 더보기

‘Blanche’ gets busy at Army Bay

댓글 0 | 조회 1,048 | 2018.05.20
Albany Ward Councillors John Watson and Wayne Walker.​New $31m outfall pipe for Army Bay Wastewater … 더보기

Up-and-coming artists sought for unique publi…

댓글 0 | 조회 1,056 | 2018.05.18
All that separates, whether of race, class, creed, or sex, is inhuman and must be overcome. -Kate Sh… 더보기

$700m boost to road safety in Auckland

댓글 0 | 조회 1,725 | 2018.05.17
Auckland Transport is proposing to invest $700 million in road safety initiatives to reduce death an… 더보기

Help us plant trees for Matariki

댓글 0 | 조회 1,121 | 2018.05.16
As part of Mayor Phil Goff’sMillion Trees programme, and to help celebrate Matariki, Auckland Counci… 더보기

Where to chase waterfalls in Auckland

댓글 0 | 조회 1,380 | 2018.05.15
Summer has taken a break for a few months but that doesn’t mean we need to stop exploring our beauti… 더보기

New artwork represents Auckland's original fo…

댓글 0 | 조회 1,210 | 2018.05.13
"Bronze waka sculptures by Chris Bailey remind us of rich maritime history" Artist Chris Bailey’s ar… 더보기

Take a hike on these Auckland tracks

댓글 0 | 조회 1,238 | 2018.05.12
There’s nothing like a good old hike. Fresh air, beautiful vistas, native bush and wildlife – what m… 더보기

Illegal trading in Mangere encourages childho…

댓글 0 | 조회 1,250 | 2018.05.04
An undercover operation by public health in Mangere revealed that three out of 10 outlets investigat… 더보기

Award Winning Kiwi Start up Helping to reduce…

댓글 0 | 조회 1,231 | 2018.05.03
An Auckland-based company that has been disrupting the New Zealand pet food scene is now making wave… 더보기

Voting begins in two Auckland by-elections

댓글 0 | 조회 1,108 | 2018.05.03
By-election packs are being mailed out this week and voting begins today for the Waitākere Ranges an… 더보기

102 new state homes for Avondale

댓글 0 | 조회 1,375 | 2018.05.02
One hundred and two new state homes will be created in Avondale.The site, at St George’s Road, will … 더보기

Have your say on the proposed Regional Fuel T…

댓글 0 | 조회 1,163 | 2018.05.01
Have your say on the Regional Fuel TaxNow is the time tohave your sayon the future of Auckland’s tra… 더보기

Have your say on Henderson town centre

댓글 0 | 조회 1,330 | 2018.04.30
Auckland Transport (AT), Henderson-Massey Local Board, Auckland Council and Panuku Development Auckl… 더보기

Fuel tax to fund major transport improvements

댓글 0 | 조회 1,165 | 2018.04.26
Transport projects to be funded by a proposed Regional Fuel Tax (RFT) will be considered by Auckland… 더보기

Local brigades in Firefighter Sky Tower Stair…

댓글 0 | 조회 1,097 | 2018.04.26
On May 19, 950 firefighters take on the 1,103 stairs of Auckland’s Sky Tower for the Firefighter Sky… 더보기

Award recognises innovation of Auckland Cemet…

댓글 0 | 조회 1,280 | 2018.04.23
The first family planting ceremony at Waikumete Cemetery's natural burial area.Auckland Cemeteries h… 더보기

Have your say in Takapuna

댓글 0 | 조회 1,481 | 2018.04.21
Takapuna is getting a new town square and we want your opinion on its shape, location and size. We’l… 더보기

Hyundai Marine Sports Centre on track for spr…

댓글 0 | 조회 1,357 | 2018.04.19
Cr Desley Simpson with Hyundai Marine Sports Centre management and construction workersŌrākei electe… 더보기

AT pauses cycle share business case

댓글 0 | 조회 1,138 | 2018.04.18
Decision follows success of commercial bike share schemesOnzO is a cycle share service provider in A… 더보기

Emergency management teams visit 5000 househo…

댓글 0 | 조회 1,499 | 2018.04.15
Auckland Emergency Management has coordinated visits to 5000 households over this weekend in areas a… 더보기

More bad weather expected Saturday

댓글 0 | 조회 1,538 | 2018.04.13
Auckland Emergency Management team delivering water to Piha. If you don't have access to clean drink… 더보기

Dynamic lane control trial begins for morning…

댓글 0 | 조회 1,305 | 2018.04.11
The morning part of Whangaparāoa Road's dynamic lane control trial willstart at 6amon Wednesday 18 A… 더보기

Rodney’s regional parks remain among world’s …

댓글 0 | 조회 1,280 | 2018.04.09
Cr Greg Sayers and Regional Parks team member Beckie Trigg at Wenderholm Regional Park.Green flag st… 더보기

Designing central Takapuna

댓글 0 | 조회 1,564 | 2018.04.06
Well-designed public spaces, more carparks and new housing opportunities are now possible for centra… 더보기

Manukau bus station opens 7 April

댓글 0 | 조회 1,440 | 2018.04.05
The new Manukau bus station will open on Saturday 7 April with a free public community celebration f… 더보기

Discover one of the world’s most ancient cult…

댓글 0 | 조회 1,268 | 2018.04.04
The Egyptian Community Council are one of more than 100 stalls taking part inAuckland International … 더보기

Tips to reach your personal best

댓글 0 | 조회 1,067 | 2018.04.03
Nothing feels better than when you achieve your personal best.It’s one of the best ways to motivate … 더보기

New bins are a Shore thing

댓글 0 | 조회 2,199 | 2018.03.29
No more plastic rubbish bags, it's a wheelie smart choice.Bins are in! Auckland Council's new wheeli… 더보기