Property

Local property values rise against last year

Timaru residential property values remain high, according to statistics released by Quotable Value New Zealand.

Monday, July 04th 2005

The current average sale price for a residential property in Timaru stands at $172,314 a 26.7 per cent increase from May last year, but a 0.2 per cent drop since April.

Real Estate Institute of New Zealand South Canterbury president Warwick Jones believed this overall market buoyancy was great news for investors in residential property and said it came down to the quality of life Timaru offered.

"Lots of people like Timaru as a lifestyle choice. It is comparatively affordable compared to bigger centres and is a great place to bring up a young family. It's a best-kept secret, but the word is getting out," Mr Jones said.

Both the Mackenzie and Waimate district figures showed a slight drop since April, but again the statistics were up from the same time last year with Mackenzie recording a 15.4 per cent upsurge and Waimate a considerable 29.8 per cent.

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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