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

 


Auckland property market stays on trend during June

July 5, 2016
June data statement

Auckland property market stays on trend during June

Prices edged up slightly in Auckland’s residential property market in June, while the number of sales and listings were consistent with the same period last year.

Peter Thompson, Managing Director of Barfoot & Thompson said the average sales price during June was $908,343, an increase of 3.9 percent on May and 4.2 percent on the average price over the previous three months. This follows very little change in the average prices of April and May.

The median price for June was $839,500, an increase of 3.7 percent on the previous month.

“The moderate increases in the average sales and median prices are a measure of a very tight supply situation. At the same time it demonstrates that residential purchasers are maintaining a level head in terms of the value they see in the properties on offer. These are signs that vendors are similarly realistic, even in a constrained market,” commented Mr Thompson.

“During the first six-months of 2016 we have seen an 11.9 percent increase in the average house price across the city, and the June year-on-year increase is now 9.9 percent.

“The number of new listings (1170) and volume of sales (1168) were a marginal increase on last year’s record figures for the same period. However, June continued to conform to seasonal norms with numbers of new listings down 7 percent and sales numbers down 10 percent when compared to May’s data.

“At month end we had 2936 properties on our books, which is marginally lower (2.6 percent) than the previous month’s 3013.

“Just under half of all the properties sold in June (446) sold for in excess of $1 million, with just 67 selling for less than $500,000.”

-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