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

 


Hamilton residential housing ends 2012 on par with 2011

MEDIA RELEASE
15 January 2013


Hamilton residential housing market ends 2012 on par with 2011


• Hamilton house sales for Jan-Dec 2012 period up 22.6% on same period last year
• Hamilton city median house price for Dec 2012 was $337,500; same as Dec 2011
• Median time to sell a Hamilton home in December was 34 days; compared with 30 days in November 2012 and 31 in December 2011
• Hamilton market sales were 190 homes in Dec 2012; compared with 198 in Dec 2011


Hamilton, New Zealand - Lodge Real Estate in Hamilton, the city’s largest agency by volume, reported today the number of homes sold within the city during the 2012 calendar year was up 22.6% on 2011.

The median house price in Hamilton, however, hasn’t shifted. The median house price for December 2012 was $337,500 – exactly the same median price as reported in December 2011.

The number of sales during the month of December 2012 was also on par with last year with 190 being sold this December and 198 last December.

“We were a bit surprised by the low number of house sales reported for December as it certainly doesn’t reflect the positivity and high buyer demand we’re seeing in the market. We had a lot of active buyers in the market over the holiday period, which should reflect favourably in January’s statistics.

“The fact that Hamilton’s median house price hasn’t shifted at all from 2011 to 2012, means the city continues to provide buyers with excellent value for money.

“The days-to-sell continues to hover in the low 30s. Historically, we normally won’t see a major upward shift in prices until that number edges closer to 25 days,” explained Jeremy O’Rourke, Managing Director.

Mr O’Rourke said the stable Hamilton market means buyers can act confidently. “There is a good sentiment in the city. The economy is growing and there’s a general buoyancy out there. That, coupled with a stable housing market, means it’s a great time for buyers to make their move.”


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Cosmetics & Pollution: Proposal To Ban Microbeads

Cosmetic products containing microbeads will be banned under a proposal announced by the Minister for the Environment today. Marine scientists have been advocating for a ban on the microplastics, which have been found to quickly enter waterways and harm marine life. More>>

ALSO:

NIWA: 2016 New Zealand’s Warmest Year On Record

Annual temperatures were above average (0.51°C to 1.20°C above the annual average) throughout the country, with very few locations observing near average temperatures (within 0.5°C of the annual average) or lower. The year 2016 was the warmest on record for New Zealand, based on NIWA’s seven-station series which begins in 1909. More>>

ALSO:

Farewell 2016: NZ Economy Flies Through 2016's Political Curveballs

Dec. 23 (BusinessDesk) - New Zealand's economy batted away some curly political curveballs of 2016 to end the year on a high note, with its twin planks of a booming construction sector and rampant tourism soon to be joined by a resurgent dairy industry. More>>

ALSO:


NZ Economy: More Growth Than Expected In 3rd Qtr

Dec. 22 (BusinessDesk) - New Zealand's economy grew at a faster pace than expected in the September quarter as a booming construction sector continued to underpin activity, spilling over into related building services, and was bolstered by tourism and transport ... More>>

  • NZ Govt - Solid growth for NZ despite fragile world economy
  • NZ Council of Trade Unions - Government needs to ensure economy raises living standards
  • KiwiRail Goes Deisel: Cans electric trains on partially electrified North Island trunkline

    Dec. 21 (BusinessDesk) – KiwiRail, the state-owned rail and freight operator, said a small fleet of electric trains on New Zealand’s North Island would be phased out over the next two years and replaced with diesel locomotives. More>>

  • KiwiRail - KiwiRail announces fleet decision on North Island line
  • Greens - Ditching electric trains massive step backwards
  • Labour - Bill English turns ‘Think Big’ into ‘Think Backwards’
  • First Union - Train drivers condemn KiwiRail’s return to “dirty diesel”
  • NZ First - KiwiRail Going Backwards for Xmas
  • NIWA: The Year's Top Science Findings

    Since 1972 NIWA has operated a Clean Air Monitoring Station at Baring Head, near Wellington... In June, Baring Head’s carbon dioxide readings officially passed 400 parts per million (ppm), a level last reached more than three million years ago. More>>

    ALSO:

    Get More From Scoop

     
     
     
     
     
     
     
     
    Business
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news