House Prices

Auckland house price rise gap narrows on rest of country

Auckland house price rises continued to outpace the rest of the country in the year to April, but at a slower rate than last month, according to the latest Crockers Auckland sales price table.

Monday, May 21st 2012

In the year to April the median sales price for an Auckland house rose 2% to $490,000 against a nationwide rise of 1% to $365,000.

The price gap has narrowed slightly from the March figures which revealed the Auckland median price was up 5% against a nationwide rise of 1%.

A narrowing of the gap between Auckland and the rest of the country was also apparent in the sales figures.

In March Auckland sales were up 17% against a nationwide rise of 25%, while the April figures revealed a 16% rise in Auckland sales against a 14% nationwide increase.

Figures for individual Auckland suburbs revealed a more mixed picture however, reflecting what Crockers sales manager Peter Holmes said was the city's fragmented market.

"The Auckland central market is doing really well, the leafy suburbs of Epsom, Remuera and Mt Eden are still performing extremely well, Ellerslie is performing really well, parts of the North Shore are still doing well," he said.

"But the rest of the market, suburb-to-suburb, is still patchy but resilient at the same time."

Of the 27 Auckland suburbs included in the table 17 saw prices above April 2011 levels, two were static and eight were down.

The largest price rise was recorded in Ellerslie/Panmure, up 37% from $452,000 to $620,000.

The largest price fall was seen in the Waitakeres - also March's largest faller - down 57% from $1,100,000 to $477,500.

The Waitakeres also saw the largest year-on-year rise in sales, up from one in 2011 to six in April 2012.

Only three Auckland suburbs saw fewer sales than in April 2011, Eastern Suburbs and Ellerslie/Panmure (both -6%) and Glen Eden (-9%).

 

 

 

 

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

More Stories

Support for regulation

Monday, March 18th 2024

Support for regulation

REINZ has emphasised the need for property management regulation to Parliament’s Social Services and Community Committee.

A better investment market

Thursday, March 14th 2024

A better investment market

“Reinstatement of interest deductibility starting from the new tax year on 1 April brings property investors back in line with every other business in the country, where interest costs are a legitimate deductible expense," Tim Horsbrugh, New Zealand Property Investors Federation (NZPIF) executive committee member says.

[OPINION] Recessionary times

Thursday, March 14th 2024

[OPINION] Recessionary times

It is not the best out there for many businesses and property sector people. Sales are down across the board, our clients’ confidence is falling, and there is a lot of uncertainty.

Interest rate expectations: It’s not over yet

Thursday, March 07th 2024

Interest rate expectations: It’s not over yet

Most Kiwis think interest rate increases have peaked.