Property

Prices, sales slowing

The eastern suburbs housing market is levelling off.

Monday, October 04th 2004

Real Estate Institute figures for August put the median sale price for houses in the Eastern Beaches area at $431,500. This is a 7.9 per cent increase over last August's median of $400,000.

But the increase is much smaller than in previous years. There was a 19.6 per cent increase between August 2002 and 2003 and a 16.3 per cent increase between August 2001 and 2002.

The total number of sales has fallen with 262 for the month, down from 340 in August 2003 and 324 for the same month in 2002.

Houses are also taking longer to sell. The figures show houses sold in August this year had been on the market for an average of 47 days, nearly twice as long as last August when the average was 26 days. In August 2002 the average was 28 days.

The Eastern Beaches area covers Pakuranga, Highland Park, Bucklands Beach, Howick, Beachlands, Maraetai and Umupuia.

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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
China Construction Bank 6.75
TSB Special 6.75
ICBC 6.75
ANZ Special 6.79
ASB Bank 6.79
AIA - Go Home Loans 6.79
Kiwibank Special 6.79
BNZ - Classic 6.79
Unity 6.79
Westpac Special 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
ASB Bank 6.55
AIA - Go Home Loans 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

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