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Auckland’s property revaluation reveals average 33% increase

Auckland’s property revaluation reveals average 33% increase

Auckland’s three-yearly general property revaluation is well underway, with indicative data showing significant value movements across the region.

A report is going to Thursday’s Finance and Performance Committee:

Average asking price for Auckland homes at new record

Average asking price for Auckland homes at new record

Auckland home sellers want more for their homes than ever before, according to Realestate.co.nz, the website with New Zealand’s largest number of homes for sale. In June, the average asking price for homes in Auckland reached an all-time record of $732,240.

House prices remain steady in Auckland and Northland

House prices remain steady in Auckland and Northland

Provisional residential data from New Zealand’s largest real estate group Harcourts for the month of May shows house prices remain steady, with the average sales price now sitting at $688,209 in the Northern Region. This is up 11% on the same time last year.

Sales volumes fall with prices steady in April market - REINZ

Sales volumes fall with prices steady in April market - REINZ

5,670 dwellings sold in April 2014, down 20.2% on April 2013 and down 22.5% on March

All regions saw declines in sales numbers compared to March and to April 2013

The National, Auckland and Christchurch House Price Indices all recorded record highs in March 2014

Positive economy 'drives interest in rental investment'

Positive economy 'drives interest in rental investment'

The Bank of New Zealand’s Nine Rewards Consumer Trends Survey indicates that interest in buying residential rental property has almost doubled since the LVRs were introduced.

Tight housing market continues to influence confidence

Tight housing market continues to influence confidence

House price expectations remain elevated in the latest ASB Housing Confidence Survey, but it has suffered a dent, with a net 47% of respondents expecting house prices will increase over the next 12 months.

Property value growth rate slows

Property value growth rate slows

The latest monthly property value index shows that nationwide residential values for January have increased 9.6% over the past year, and 2.2 over the past three months. This means they are now 12.8% above the previous market peak of late 2007.

Lowest number of new property listings in seven years

Lowest number of new property listings in seven years

The New Zealand property market registered the lowest number of new listings in December, foreshadowing a potential housing stock shortage in early 2014.

Lifting LVR restrictions 'tremendous early Christmas present'

Lifting LVR restrictions 'tremendous early Christmas present'

The lifting of loan-to-value (LVR) restrictions on new builds is a tremendous early Christmas present for those who housing dreams seemed shattered a couple of months ago, Mike Pero Real Estate CEO Mike Pero says.

RMBF says LVR policy affecting construction

RMBF says LVR policy affecting construction

Registered Master Builders Federation is concerned about the impact of the Reserve Bank’s restrictions on high LVR lending on the construction of new homes.

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