Property Management

Listings shortage

The volume of residential property sales recorded by Barfoot & Thompson in September was a new high for the company, up 7.8% on September last year.

Saturday, October 18th 2003

However, the rate of increase is the lowest since December 2000. Company director Peter Thompson says: "This suggests a slowing in the growth of turnover in the Auckland real estate market, which is not yet being reflected in prices."

The average sale price in September was a record $403,000, up 18.5% on the same period last year. Over the three months in the September quarter, average house prices are up 19% on the same quarter last year. "Clearly there is a divergence appearing between sales volume growth and price growth, which is probably explained by the continuing shortage of listings. Our available listings are down almost 23% on last year."

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Heartland Bank - Online	6.69
SBS FirstHome Combo	6.74
Wairarapa Building Society	6.95
Unity	6.99
Co-operative Bank - First Home Special	7.04
ICBC	7.05
China Construction Bank	7.09
BNZ - Classic	7.24
ASB Bank	7.24
ANZ Special	7.24
TSB Special	7.24

Unity First Home Buyer special	6.45
Heartland Bank - Online	6.45
TSB Special	6.75
Westpac Special	6.75
China Construction Bank	6.75
ASB Bank	6.75
ICBC	6.75
AIA - Go Home Loans	6.75
Kiwibank Special	6.79
Co-operative Bank - Owner Occ	6.79
ANZ Special	6.79

ASB Bank	6.39
Westpac Special	6.39
AIA - Go Home Loans	6.39
China Construction Bank	6.40
ICBC	6.49
SBS Bank Special	6.55
Kiwibank Special	6.55
BNZ - Classic	6.55
Co-operative Bank - Owner Occ	6.55
TSB Special	6.59
Kainga Ora	6.99

SBS FirstHome Combo	6.19
AIA - Back My Build	6.19
ANZ Blueprint to Build	7.39
Credit Union Auckland	7.70
ICBC	7.85
Heartland Bank - Online	7.99
Pepper Money Essential	8.29
Co-operative Bank - Owner Occ	8.40
Co-operative Bank - Standard	8.40
First Credit Union Standard	8.50
Kiwibank	8.50