Auckland region’s average asking price drops below $900,000 for first …

KoreaPost 0 1,229 2019.05.06 12:29

1914168078_5ccf801ad6a7c_15571026188792.
 

The Auckland region’s average asking price in April dropped to its lowest level since 2016 and houses are taking longer to sell according to real-time statistics from realestate.co.nz.

 

The region’s average asking price fell 4.5 per cent to $899,916 compared to the prior month and 5.8 per cent compared to the same month in 2018. *The all-time high average asking price for the Auckland region was $982,673 in December 2017.

 

“We have left behind the frenetic market of 2014 to 2017 where asking prices spiralled dramatically upwards, largely underpinned by fierce competition in the market and an increase in local and offshore investors,” says realestate.co.nz spokesperson Vanessa Taylor. 

 

“We’ve now had two years of stable pricing with a dip in average asking prices in the Auckland region this year,” says Vanessa.

 

New listings in the region fell in April (-12.5 percent to 2,957 listings) and compounded with properties sitting on the market for longer, buyers aren’t under the same purchase pressure.

 

“The current Auckland market is not the new normal, it’s the old normal which was prior to 2014, when there was time to negotiate and ensure that if you sold your house, you also had your new home lined up,” says Vanessa.

 

“If you sell your house for less than CV, in this current market it’s highly likely that the home you’re purchasing will also sell for less than CV.

 

“The New Zealand property market can have upsides at the other end of the transaction, and we mustn’t lose sight of this.”

 

The Auckland market also represents potential opportunity for first home buyers.

 

“The fall in asking average asking prices in the Auckland region also applies to entry-level homes,” says Vanessa.

 

1914168078_5ccf801ad6f3a_15571026188804.
 

All-time asking price highs for the Hawke’s Bay, Coromandel and Manawatu/Wanganui regions

Since realestate.co.nz started collecting data in 2007, it was three of the smaller regions which hit all-time asking price highs in April.

 

The Manawatu/Wanganui region has even taken this a step further, with all-time asking price highs in two consecutive months.   

 

“The new $402,199 asking price high in April has seen the region breaking into the $400,000 bracket for the first time and is a 3.2 per cent increase on the previous month’s record,” says Vanessa.

“It’s a tightly held, popular region that’s recorded an 11.0 per cent drop in total listings compared with the same time last year,” says Vanessa.

 

Both Fielding and Levin in the Manawatu/Wanganui region were listed in the top 10 search destinations nationally on realestate.co.nz in April. To be expected, the largest number of people searching on the site in this region were locals, followed by those residing in the Wellington region and then Aucklanders.

 

Also popular, the Coromandel region has been active, with a new record asking price in April of $786,037 which is up 12.1 per cent on the prior month. The region also received a healthy injection of new listings in April with 119 more homes coming onto the market, that is a 10.2 per cent increase on the previous year.

 

“This would have been welcomed, as the total number of homes for sale in April stood at 571, which was down 5.7 percent on April 2018,” says Vanessa.

 

Online searches for property in the Coromandel region on realestate.co.nz were dominated by Aucklanders.

 

On the East Coast, the Hawke’s Bay region hit an all-time asking price high of $556,101, which was a 6.9 per cent increase on the prior month.

 

Nationally, the average asking price in April stood at $649,662 a 4.1 per cent decrease on the previous month which was largely driven by the drop in asking prices in the major centres.  

 

New listings, holidays and Capital Gains Tax

Nationally, new listings were down 9.6 per cent compared to April 2018, with 8,944 homes being listed on the market. By contrast, total stock was up 6.1 per cent compared with April 2018.

 

“The second half of April was dominated by school holidays, Easter and Anzac Day, which plays a part in the fall in new listings and in the time people had to focus on property in general,” says Vanessa.

 

“Most noticeably, it was the major regions of Auckland, Wellington and Canterbury which were well down on new listings in April compared to the same time last year,” says Vanessa.

“In the previous month, the Auckland region accounted for a third of all new listings, so a fall in April was not unexpected.

 

“However, properties are also staying on the Auckland market for longer so there is more overall choice in our biggest region.” 

 

Four main regions: New property listings and total stock compared to April 2018:

Region

New listings

Total housing stock

Auckland

2,957 (-12.5%)

10,684 (+15.0%)

Wellington

    639 (-15.3%)

   1,262 (+9.0%)

Canterbury

1,163 (-29.7%)

  3,902 (-3.0%)

Otago

     320 (+13.5%)

       599 (-10.2%)

 

It was also in mid-April (17th) that Prime Minister Jacinda Ardern ruled out a Capital Gains Tax.

“It’s unlikely that this had a major impact on the property market during April given the nature of the month but it will be interesting to see what activity this decision drives over the next few months” says Vanessa.

 

* In April 2019, the Real Estate Institute of New Zealand (REINZ) reported that the median house price in Auckland in March fell by 2.7% from the same time last year to $856,000 – down from $880,000.

Bindi Norwell, Chief Executive at REINZ says: “While the cooling of Auckland’s median house price when compared to the same time last year might present some frustration for those looking to sell their house, it is presenting some good opportunities for first home buyers.

 

The latest Reserve Bank lending figures showing that mortgage lending to first home buyers was up 9.7% on the same time last year which means that more people are able to get a foot on the property ladder which can only be a good thing.”​ 

 

Source: realestate.co.nz
 

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

Comments

 플러스 광고

Auckland Ranfurly Motel 한국인 운영
오클랜드 모텔 Auckland, Epsom, motel T. 096389059*0272052991
AMS AUTOMOTIVE LTD
전자 제어, 컴퓨터스캔, 사고수리(판넬페인트, 보험수리), 타이어, WOF , 일반정비  T. 09 825 0007

Community group leases granted across Frankli…

댓글 0 | 조회 151 | 21시간전
Residents of 20 Rescare facilities across the city can look forward to more holidays at Maraetai aft… 더보기

See cow milking up close at Ambury Farm Day

댓글 0 | 조회 124 | 2019.09.14
Connecting city with countryThe milking of cows at Ambury Regional Park provides children with a "va… 더보기

Better Buying benefits top $146 million for A…

댓글 0 | 조회 469 | 2019.09.12
Cost avoidance as well as measures to avoid future costs were recently revealed to Auckland Council’… 더보기

Fast moving suburbs: Auckland features at the…

댓글 0 | 조회 240 | 2019.09.12
An article that featured as part of last week’s Property Week on Oneroof covered the latest CoreLogi… 더보기

Have Your Say on Auckland’s City Centre Maste…

댓글 0 | 조회 156 | 2019.09.09
20 year vision for the heart of the city is refreshedPublic consultation on the refresh ofAuckland’s… 더보기

Young Aucklanders ready for free child weeken…

댓글 0 | 조회 173 | 2019.09.08
Aucklanders aged 5 to 15 will travel for free on Auckland Transport's bus, train and ferry services … 더보기

Community Bike Fund open for applications

댓글 0 | 조회 121 | 2019.09.05
The Auckland Transport Community Bike Fund is nowopen for applications, with funding available for l… 더보기

Strong rental growth highlights buoyant prope…

댓글 0 | 조회 375 | 2019.09.05
For about 18 months now, average weekly rents across the country have been rising more quickly than … 더보기

The story behind the Moon Festival

댓글 0 | 조회 114 | 2019.09.04
How much do you know about one of Asia’s most popular festivals?The Moon Festival (as it is referred… 더보기

Free child fares on public transport at weeke…

댓글 0 | 조회 126 | 2019.09.02
From Saturday 7 September, children aged 5 to 15, using a registered AT HOP card, will be able to tr… 더보기

Measles outbreak - 963 cases nationally, 804 …

댓글 0 | 조회 242 | 2019.09.02
The total number of measles cases in Auckland is at 804 today, up from 778 cases on Saturday. Of thi… 더보기

Bulk Storage Terminal transformation to begin

댓글 0 | 조회 238 | 2019.08.26
The transformation of Wynyard Quarter is continuing, with the demolition of 38 tanks at the Bulk Sto… 더보기

ZEALANDIA is Named World's 100 Greatest Place…

댓글 0 | 조회 433 | 2019.08.23
ZEALANDIA has today been named one of the “greatest places” on earth, according to Time Magazine’s W… 더보기

World rat expert to visit Howick

댓글 0 | 조회 448 | 2019.08.21
New York rat expert Bobby Corrigan is to visit Howick to see how Aucklanders are tackling pest contr… 더보기

Pescara Point bridge work to begin this month

댓글 0 | 조회 113 | 2019.08.19
Path will link communities​Heavy lifting work will take place on the Southern Motorway this month as… 더보기

Finalists announced for Most Beautiful Towns …

댓글 0 | 조회 159 | 2019.08.14
Keep New Zealand Beautiful have announced the finalists for the Most Beautiful Towns and Most Beauti… 더보기

National 2020 candidate selection process beg…

댓글 0 | 조회 198 | 2019.08.12
The National Party is today kicking off our nationwide candidate selection process in preparation fo… 더보기

Safety improvements planned for roads in Alba…

댓글 0 | 조회 218 | 2019.08.11
A long-awaited roadwork project in Albany has been given the go-ahead.Property negotiations have bee… 더보기

Auckland students compete for SUSO glory

댓글 0 | 조회 219 | 2019.08.09
Future stars are shining brightly. More than 1000 secondary school students have come from far and w… 더보기

Solar lights to improve Tarnica Park

댓글 0 | 조회 142 | 2019.08.08
Solar lighting will be tried at Tarnica Park to combat anti-social behaviour.Residents say unruly te… 더보기

New Māori and Indian street names in Puketāpa…

댓글 0 | 조회 140 | 2019.08.07
Three new roads in Hillsborough have been newly created due to a subdivision development.Puketāpapa … 더보기

Franklin environment gets helping hand from t…

댓글 0 | 조회 112 | 2019.08.06
▲Targeted rates have enabled work on detecting illegal connections to water networks to be speeded u… 더보기

Off-road pathways needed to link North-Waikat…

댓글 0 | 조회 200 | 2019.08.06
A new report has called for a network of off-road tracks and trails connecting the North Waikato tow… 더보기

Helping Auckland businesses to meet food lice…

댓글 0 | 조회 297 | 2019.08.04
In 2014, new legislation relating to the Food Act was passed by the Ministry for Primary Industries … 더보기

Know where your dogs are this lambing season

댓글 0 | 조회 146 | 2019.08.02
Dog owners are being reminded to be extra vigilant during lambing and calving season, as the risk of… 더보기

Community events get support from Waitemata L…

댓글 0 | 조회 166 | 2019.07.30
The Franklin Road Christmas Lights, the Farmers Santa Parade and Auckland International Buskers Fest… 더보기

Council adopts changes to dog management

댓글 0 | 조회 207 | 2019.07.27
Auckland Council’s Governing Body today adopted changes to the council’s Policy on Dogs and related … 더보기

Future Auckland: It's time for climate action

댓글 0 | 조회 217 | 2019.07.24
Sustainability Champion John Mauro gives his thoughts on Auckland’s futureClimate change has been de… 더보기

Nominations open for 2019 Auckland elections

댓글 0 | 조회 230 | 2019.07.19
Aucklanders from all walks of life are being encouraged to stand in this year’s local election.The n… 더보기

Apply for funding for your environmental proj…

댓글 0 | 조회 252 | 2019.07.18
Itching to get your green thumbs grubby? Have a passion for Auckland’s environment?Applications for … 더보기

Parks, arts and community prioritised by Wait…

댓글 0 | 조회 158 | 2019.07.16
Parks, places, arts and community have been prioritised by Waitematā Local Board for 2019/20.The loc… 더보기

Applications open for Women4Climate mentorshi…

댓글 0 | 조회 501 | 2019.07.13
Applications for the C40 Cities Women4Climate Auckland Mentorship Programme 2019 are open from now u… 더보기

Call for entries to 2019 Mayoral Conservation…

댓글 0 | 조회 173 | 2019.07.11
Do you know heroes who go above and beyond to protect our environment?Or are you involved in such he… 더보기

Time to celebrate Tāmaki Makaurau’s Zero Wast…

댓글 0 | 조회 134 | 2019.07.10
Nominate an Aucklander now for the 2019 zero waste community awardsKnow someone who has been working… 더보기

New vehicle tax leaves poor on the scrapheap

댓글 0 | 조회 242 | 2019.07.10
The proposed penalty on ‘gas guzzling’ vehicles is a painful, regressive tax, says the New Zealand T… 더보기

Te reo Māori arriving on Auckland’s Link serv…

댓글 0 | 조회 172 | 2019.07.09
Link buses with te reo Māori audio announcements will begin service this week, a first in New Zealan… 더보기

Measles case on Bali to Auckland flight

댓글 0 | 조회 188 | 2019.07.09
Auckland Regional Public Health Service (ARPHS) has been notified of a case of measles in a New Zeal… 더보기

Investing in Henderson-Massey in 2019/20

댓글 0 | 조회 345 | 2019.07.08
Henderson-Massey Local Board has agreed its 2019/20 work programme which sets out its investment ove… 더보기

Where's NZ's busiest property market ?

댓글 0 | 조회 462 | 2019.07.05
At about 85,000 on an annual basis, the number of residential property sales across NZ is currently … 더보기

Auckland Mayor thrilled at Te Auaunga transfo…

댓글 0 | 조회 229 | 2019.07.03
Auckland Mayor Phil Goff says it’s fantastic the Te Auaunga/Oakley Creek restoration has been delive… 더보기

Mixed results across the regions as foreign b…

댓글 0 | 조회 315 | 2019.07.03
Property values in NZ further moderated in June with the annual rate of change decreasing from 2.3% … 더보기

Enhancement of Karangahape Road to begin in J…

댓글 0 | 조회 424 | 2019.07.01
Enhancement of Karangahape Road begins next monthThe much-anticipated enhancements to Auckland’s ico… 더보기

Property records broken across the country

댓글 0 | 조회 583 | 2019.07.01
Real-time statistics from realestate.co.nz show June as a month of highs and lows right across the c… 더보기

No single-use plastic shopping bags from 1 Ju…

댓글 0 | 조회 258 | 2019.06.28
Make sure you pack a reusable bag when leaving home to avoid being caught bagless as the ban on sing… 더보기

Panuku plan to unlock Pukekohe's potential

댓글 0 | 조회 260 | 2019.06.24
A plan to regenerate Pukekohe’s town centre has been approved.Panuku Development Auckland’s strategy… 더보기

Have your say on an updated Auckland Film Pro…

댓글 0 | 조회 259 | 2019.06.23
Auckland Council is asking Aucklanders what they think of a refresh to the Auckland Film Protocol.Th… 더보기

Council action on Titirangi chickens and rats

댓글 0 | 조회 395 | 2019.06.21
Auckland Council will put measures in place deal with the wild chicken and rat population in Titiran… 더보기

Ten property market predictions for the rest …

댓글 0 | 조회 431 | 2019.06.21
It’s been a really interesting and eventful year so far for the residential propertymarket. Now that… 더보기

Franklin Local Board adopts Māori Responsiven…

댓글 0 | 조회 184 | 2019.06.18
Franklin Local Board has adopted a Māori Responsiveness Action Plan.The plan, developed after detail… 더보기

CoreLogic NZ - Mapping the Market Report June…

댓글 0 | 조회 225 | 2019.06.18
CoreLogic NZ’s latest ‘Mapping the Market’ (June 2019) reporthas just been released, using location … 더보기