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

 

Reserve Bank: Wheeler Keeps OCR At 1.75%

Reserve Bank governor Graeme Wheeler kept the official cash rate unchanged at 1.75 percent, as expected, and reiterated his view that the benchmark rate doesn't need shifting for the foreseeable future. More>>

ALSO:

Retail: Pumpkin Patch Brand, IP Sold To Catch Group

The receivers of failed children's clothing retailer Pumpkin Patch have confirmed that the company's brand and intellectual property have been sold to Australian online retailer Catch Group. More>>

ALSO:

Oil: 2017 Block Offer Petroleum Tender Launched

New Zealand is well-placed to take advantage of the economic benefits of oil and gas exploration, Energy and Resources Minister Judith Collins announced today at the launch of the 2017 Block Offer petroleum tender. More>>

ALSO:

OECD And Zero Carbon Reports: Environmental Pressures Rising In New Zealand

New Zealanders enjoy a high environmental quality of life and access to pristine wilderness. However, New Zealand’s growth model, based largely on exploiting natural resources, is starting to show its environmental limits with increasing greenhouse gas emissions and water pollution ... More>>

ALSO:

Statistics: Record Net Annual Migration Levels Continue

In the February 2017 year, 71,300 more migrants arrived in New Zealand than left, Stats NZ said today. This equalled the previous annual record set in January 2017. More>>

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news