Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 

Provisional housing market update - February 2017 Auckland

Press Release, Harcourts
For immediate release

Provisional housing market update

February 2017 Auckland

3 March 2017

In February, Harcourts sold 402 houses Auckland, which is up markedly on the 263 sold in January, a traditionally slow month in real estate.

However, Harcourts CEO Chris Kennedy says the number of houses is down compared to February 2016, when Harcourts sold 503 houses.

This drop can partially be ascribed to a fall away in the number of property investors, following the tougher loan to value rations introduced last November, Kennedy says.

“The incredibly heated market of 2015/2016 was not sustainable long-term and I believe we are returning to the healthy activity levels seen in 2014.”

Kennedy does not expect to see a dramatic drop in the market, particularly given Prime Minister Bill English has said immigration levels are about right.

“In the 12 months to January, we had a net gain of 71,305 migrants, and of those around 65,000 have chosen Auckland as their new home. New builds are not keeping up with our growing population, so existing houses will remain sought after.”

Harcourts’ provisional data shows houses across Auckland sold at an average price of $933,080 in February.

Comprehensive Harcourts statistics for February will be released on March 13.


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Another Leader Exiting: Statement From Peter Dunne

I have concluded, based on recent polling, and other soundings I have been taking over the last few weeks, that, the volatility and uncertainty notwithstanding, there is now a mood amongst Ōhāriu voters for a change of MP, which is unlikely to alter...

“I have therefore decided that it is time for me to stand aside, so the people of Ōhāriu can elect a new electorate MP. More>>

 
 

Gordon Campbell: On Labour’s Campaign Launch

One of the key motifs of Ardern’s speech was her repeated use of the phrase – “Now, what?” Cleverly, that looks like being Labour’s response to National’s ‘steady as it goes’ warning against not putting the economic ‘gains’ at risk. More>>

ALSO:

Shiny And Chrome: Nats' New $10.5bn Roads Of National Significance

National is committing to the next generation of Roads of National Significance, National Party Transport Spokesperson Simon Bridges says. More>>

ALSO:

Gordon Campbell: On Why Labour Isn’t Responsible For Barnaby Joyce

As a desperate Turnbull government tries to treat the Barnaby Joyce affair as a Pauline Hanson fever dream – blame it on the foreigners! We’re the victims of the dastardly New Zealand Labour Party! – our own government has chosen to further that narrative, and make itself an accomplice. More>>

ALSO:

Rail: Greens Back Tauranga – Hamilton – Auckland Service

The Green Party today announced that it will trial a passenger rail service between Auckland, Hamilton and Tauranga starting in 2019, when it is in government. More>>

ALSO:

Housing: Voluntary Rental Warrant Of Fitness For Wellington

Wellington City Council is partnering with the University of Otago, Wellington, to launch a voluntary Rental Warrant of Fitness for minimum housing standards in Wellington, Mayor Justin Lester has announced. More>>

ALSO:

Treaty: Agreement In Principle Signed With Moriori

“The Crown acknowledges Moriori was left virtually landless from 1870, hindering its cultural, social and economic development. The Crown also acknowledges its contribution to the myths that the people of Moriori were racially inferior and became extinct." More>>

ALSO:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election