Property

Property Market Continues to Slow

QV’s residential property statistics released today indicate that nationally, property values increased by 11.5% (calculated over the three months ending June 2006 in comparison to the same period last year). This is down from the 12.4% growth reported in May, and down from 16.8% growth reported in January. The average New Zealand sale price was $328,829 for this period.“New Zealand’s residential property market continues to cool with the growth rate decreasing for the fifth consecutive month. The 11.5% growth rate is still well above historic levels with many centres still recording growth rates in excess of 20%” said QV spokesperson Blue Hancock.

Sunday, July 09th 2006

The main cities have again seen slight decreases in the growth rate, Hamilton down to 19.2%, Christchurch 11.3%, Wellington 10.5% and Auckland 6.7%. Dunedin showed the lowest growth of 5.8%.

In the provincial cities Whangarei 23.0%, Gisborne 24.2%, Invercargill 14.0% and New Plymouth 11.0% all reported decreases in the growth rate for the period ending June 2006.

The following regional areas showed a consistent growth rate to that reported in May; Masterton 22.1%, Marlborough 10.9%, Western Bay of Plenty 18.8%, Manawatu 16.7% and Tasman 7.8%.

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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