House Prices

Stats hide large variations: QV

QV’s latest data reveals some of the huge disparity in the property market in New Zealand at the moment.

Thursday, May 09th 2013

While nationwide property prices are now 4% above their 2007 market peak on average, there are huge differences between the best performing areas and those still in the doldrums.

Properties in the Waimakariri district, buoyed by migration out of Christchurch after the earthquakes, are now selling for more than 21% above their  2008 CV.

Properties in the former Auckland City are just behind, selling at 18.5% more than their  2011 CV.

But within that, there are more differences.  Properties in Avondale are now on average selling for 29.1% more than their 2011 CV, making it the best performing Auckland suburb.

But at the other end of the spectrum, properties in Otorohanga are selling for 12.6% less than their 2010 CVs, on average.

Ruapehu is close behind, 11.3% down on their 2011 CVs. Castlecliff, in Wanganui, is the most poorly performing suburb compared to CVs, with properties selling, on average, for 11.2% less than their September 2010 valuations.

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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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