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

 

Air NZ Wine Awards: Victory For Villa Maria As Pinot Noir Thrills

It was a night to remember as Villa Maria Estate picked up one of the highest accolades of the evening, the O-I New Zealand Reserve Wine of the Show Trophy, at the 28th Air New Zealand Wine Awards. The Villa Maria Single Vineyard Southern Clays Marlborough ... More>>

ALSO:

Future Brighter Money: RBNZ Releases New Bank Note Designs

New Zealand’s banknotes are getting brighter and better, with the Reserve Bank today unveiling more vibrant and secure banknote designs which will progressively enter circulation later next year. More>>

ALSO:

Commerce: Supermarket Inquiry Finds No Breaches By Countdown

The Commerce Commission inquiry into anti-competitive behaviour by Countdown supermarkets, alleged by former Labour Party MP Shane Jones, has found nothing to warrant prosecution, although it warns supermarkets to take care in the way they communicate... More>>

ALSO:

Crown Accounts: English Flags ‘Challenge’ To Budget Surplus

Finance Minister Bill English is warning next month’s half yearly fiscal and economic update from the Treasury may not forecast a budget surplus, saying that returning the government’s accounts to surplus in 2015 will be “a challenge”, given the decline in commodity prices and weak global inflation. More>>

ALSO:

March 2015: Netflix To Launch In Australia And New Zealand

World’s Leading Internet Television Network to Offer Original Series, Movies, Documentaries, Stand-Up Comedy Specials and TV Shows for Low Monthly Price More>>

ALSO:

Price Of Cheese (Is Up): Dairy Product Prices Fall To Five-Year Low

Dairy product prices fell in the latest GlobalDairyTrade auction to the lowest level in more than five years, led by declines in rennet casein and skim milk powder. More>>

ALSO:

Gordon Campbell: On The Australians Scoring Trade Points Against Us With The Chinese

It hasn’t been a great year for Trade Minister Tim Groser... To top it off, Australia has just signed a FTA with China that has far better provisions on dairy exports than what New Zealand currently enjoys in our own FTA with China. More>>

ALSO:

Iwi & Local Consultation: Oil And Gas Block Offer 2015 Begins

Energy and Resources Minister Simon Bridges today announced the start of the Block Offer 2015 process for awarding oil and gas exploration permits. More>>

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news