Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


June House Sales Follow Normal Winter Trend

12 July 2005

June House Sales Follow Normal Winter Trend

Barfoot & Thompson’s sales figures for June continue to reflect the leveling of the property market we have been witnessing in recently, combined with the normal trend towards a quieter market during the mid-winter months.

The total number of sales during June (962) was down 3.2 percent from this time last year. Overall the June quarter was down about two percent on the March quarter.

Despite the lower volume of sales, the average price for June bounced back to $443,286 from the May figure of $427,299. The June result is in line with the June quarter average of $443,730.

Barfoot & Thompson Director Peter Thompson says that while the number of sales was lower for the month, prices continue to hold. “This matches the anecdotal feedback we are hearing from our salespeople in the field. It’s interesting to note that the June average price was three percent higher than this time last year. We also continue to experience strength in the premium end of the market – 14 percent of our sales this month were for a million dollars or more.”

The rental market was also reflective of the traditional winter pattern with little activity to note. The number of lettings (637) was up slightly on the same time last year and the average weekly rental remained static at $336.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news