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The Property Line, Issue 1. August 2015

Posted on: August 24th, 2015 | Filed in Uncategorized

Welcome to the first edition of The Property Line Quarterly Report, which looks at some of the major forces driving this country’s property market.

A key theme of this report is the balance between supply and demand.

It looks at how migration has pushed demand for housing in Auckland well above the supply that’s coming on stream, and how the gap between the two is getting bigger by the day.

It also looks at what’s happening with residential investment yields and suggests capital gain is the only game in town for Auckland investors.

We concentrate on the supply side of the equation for commercial property with a look at how much office, retail and industrial property in the three main centres was listed for sale on Realestate.co.nz last month, and summarise the building consent trends in the same categories.

As its name suggests the The Property Line Quarterly Report will be published every three months and will be sent out free to subscribers of interest.co.nz’s Property Newsletter, which is also free.

The Property Newsletter is emailed to subscribers 3-5 times a week and brings all of the latest commercial and residential property stories published on interest.co.nz directly to your inbox.

Both the Quarterly Reports and regular newsletters are free, we do not pass on your details to third parties and you can unsubscribe at any time.

To subscribe to the Property Newsletters and receive the Quarterly Reports go to: http:// www.interest.co.nz/news/emails-newsletters-sign-up

Greg Ninness

Property Editor

interest.co.nz

 

Download your copy here: Property Line August 2015

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Our Top 10 Most Interesting Homes for August 2015

Posted on: August 21st, 2015 | Filed in Uncategorized

# 1

620ff38badf3006c57c0a5d9a0e264ea.scale.1024x682This gothic-inspired home has its very own 15 metre turret with stunning panoramic views of Auckland. Aesthetically bold and described by some as a magical place to live, this 1860’s Epsom mansion is any historians dream home.
http://www.realestate.co.nz/2531640


# 2

efb2f4a6fc0c41ba28993a2c6c3c22a3.scale.1024x682Here is a truly iconic slice of original Wellington – the Logan House at Windy Point. Each room owns a different view of the harbour, and many of the early Athfield hallmarks are evident: rounded walls, slit windows, tile flooring, floor to ceiling glass. Spread over 7 levels and built with 16,000 reclaimed bricks in the 1970s, it’s an undeniable masterpiece.
http://www.realestate.co.nz/2562211


# 3

fd07aa1225b0804d533fe8cda60eeffb.scale.1024x682‘The Fin’, Waiheke Island’s ultimate weekend getaway, is now on the market. Its cool white modern interior and open plan aesthetic offer the perfect contrast to the cathedral-like glass front entrance. When you find the spa pool set amongst bush you’ll realise this is the ultimate way to relax with one of the lovely local wines at the end of the day.
http://www.realestate.co.nz/2570141


# 4

0a52ad377882cd380e14c7ea61d05dcd.scale.1024x682Situated on the top floor of Landmark House in the heart of Auckland CBD, this top floor lease offers 4 offices with a large reception and toilet area. The corner turret was originally built in 1930, a unique feature which adds a rustic feel and style to the whole office which a dentist currently operates out of. He sure could distract his clients with the view.
http://www.realestate.co.nz/2605643


# 5

5c1dac36065552dcab7bd4a557b04b90.scale.1024x682Welcome to New Zealand’s largest natural log home. Constructed in 2009 with 4 large bedrooms, 3 bathrooms including spa, at the heart of it all is the magnificent 6.8m high Great Room – an exquisite showpiece. Unmatched in grandeur, warmth and beauty, this 634mÇ masterpiece is a little slice of Aspen right here in Central Otago.
http://www.realestate.co.nz/2613563


# 6

6d77fb2fe2a47458c877587a9457bfd1.scale.1024x682This near new beach house with legal beach access, allows for both formal and casual living. The home’s clean lines are crisp and organic – its cladding merging seamlessly into the established beach setting. Punctuating the living area is a staircase which will take you up to the exclusive mezzanine reading room, where the expansive views through the Totara louvres, which can be manoeuvred to suit the elements, offer a stunning outlook towards the ocean and Kapiti Island.
http://www.realestate.co.nz/2607516


# 74c58324c3c83b166d9cc6e194102f03f.scale.1024x682This home just “works”, offering 3 bedrooms, character, history, pond, and ample land for pets and sheep. Set on 1.12 hectares, it’s just 8 minutes drive to village of Lawrence.
http://www.realestate.co.nz/2613893


# 8577ef6f3b553e13d6de04150b92b83fd.scale.1024x682This well-maintained property in Picton offers an amazing covered outdoor living area, and all principal rooms offer wonderful views over Waikawa Bay to the mountains. Included is a registered boat mooring, and use of a very versatile floating boat jetty. It’s a completely unique opportunity to enjoy literal waterside living.
http://www.realestate.co.nz/2523580


# 910a30ade947c6e1338b33b80d4a6cde9.scale.1024x682
This timeless home of sumptuous simplicity takes maximum advantage of its breathtaking position, with a concealed lift which provides access from the lower ground floor level to the main living level. The living area opens onto a magnificent covered verandah that incorporates a stone fireplace and an adjustable roof. An incomparable setting, inspirational architecture – this Maori Hill home offers a lifestyle beyond compare.
http://www.realestate.co.nz/2436740


# 107d2bb428e85b0ed59d710c4c3da57fa6.scale.1024x682Those with an appreciation for design elements will love the interior of this chic home which includes imported light fittings, 19th century Egyptian entrance doors, jurassic stone hearth, imported linen curtains and honed concrete, to name just a few. The seamless indoor/outdoor flow to the invitingly landscaped garden includes an outdoor gas fire and cedar spa pool. It delivers undeniable quality, exceptional style and unrelenting attention to detail.
http://www.realestate.co.nz/2603900

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2 ½ years of NZ houses

Posted on: August 13th, 2015 | Filed in Uncategorized

We wanted to see “What does a house look like?”, so Realestate.co.nz looked at all the new listings across New Zealand between 1 Jan 2013 to 30 June 2015 and separated listings for house and town houses. 

We found some surprising changes and put them in the infographic below. Pretty interesting, eh?

 If you would like to see the data we uncovered, you can find it here.

REALESTATE infographic FIN DISC

 

 

 

 

 

 

 

 

 

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Average national asking price in April climbs to new national record of $521,729, while new listings and total inventory plummet

Posted on: May 1st, 2015 | Filed in Featured, NZ Property Report, Uncategorized

Auckland average asking price inches up to new high of $789,581

AUCKLAND, 1 May 2015 – The New Zealand property market in April continued the trend of the last four consecutive months with yet another increase in average asking price, creating a new record of $521,729, an increase of 1.4% on the previous month. Property_asking_price_map_april_2015

 

The latest monthly property data from Realestate.co.nz showed that Auckland, where the average asking price rose by 3% to a new high of $789,581, continued to be the main driver in the overall national increase – no other region experienced a new record in average asking price in April.

 

In fact, most parts of New Zealand experienced either little change or decreases in average asking price during the month. In Wellington the average asking price dropped slightly by 1.4% to $455,611, while Canterbury also experienced a small decrease of 0.8% to $463,175. The biggest drops occurred in Central Otago where the average asking price in April fell by 17.3% to $604,729, while the average in Southland fell by 11% to $232,549.

 

Significantly, the number of new listings was the lowest recorded for April by Realestate.co.nz, with only 9,673 coming on to the market, a fall of 5.6% on the same time last year, and a decrease of 18% from March. In addition, the national average in overall inventory* of available housing stock for sale fell to an all time low of only 21.3 weeks in April. The previous record low of 21.4 weeks was set in January, while the long-term national average is 36 weeks.

 

CEO of Realestate.co.nz, Brendon Skipper says, “The drop in listings coupled with the record low total inventory shows that sellers in many parts of New Zealand are experiencing very favourable conditions. As a result, robust average asking prices continue to be maintained at record levels, and the market appears to be meeting them.”

 

A full copy of this release is available here.

 

Notes:

Truncated mean The monthly asking price for new listings presented in this report utilises the measure of ‘truncated mean’. This measure is judged to be a more accurate measure of the market price than average price as it statistically removes the extremes that exist within any property market that can so easily introduce a skew to traditional average price figures. The truncated mean used in this report removes the upper 10% and the lower 10% of listings in each data set. An average or mean of the balance of listings is then calculated.

Methodology With the largest database of properties for sale in NZ from licensed real estate agents, realestate.co.nz is uniquely placed to immediately identify any changes in the marketplace. The realestate.co.nz NZ Property Report is compiled from new listings coming onto the market from the more than 1,000 licensed real estate offices across NZ, representing more than 97% of all offices. With an average monthly level of over 10,000 new listings, the realestate.co.nz NZ Property Report provides the largest monthly sample report on the residential property market, as well as a more timely view of the property market than any other property report. The data is collated and analysed at the close of each month, and the Report is compiled for the 1st day of the following month. This provides a feedback mechanism as to the immediate state of the market, well in advance of sales statistics, which by the very nature of the selling process can reflect activity with a lag of between 2 and 4 months.

Seasonally adjustment The core data for the NZ Property Report is seasonally adjusted to better represent the core underlying trend of the property market in NZ. In preparing this seasonally adjusted data Realestate.co.nz is grateful for the assistance of the New Zealand Institute of Economic Research (NZIER) who use an X12 ARIMA methodology to calculate seasonally adjusted data.

About Realestate.co.nz

Realestate.co.nz is the official website of the New Zealand real estate industry, and provides the most comprehensive selection of licensed real estate listings. Realestate.co.nz lists more than 120,000 properties each year, representing more than 97 per cent of all listings currently marketed by real estate professionals.

 

* Inventory is expressed as a theoretical measure of the number of weeks it would take to sell all unsold housing stock on the market at a given point in time, which includes all active listings of homes for sale no matter when they were first listed.

 NZ_inventory_of_listings_chart_April_2015

For media enquiries, please contact:

 

Brendon Skipper, CEO

Realestate.co.nz

T: +64 21 542 607

E: brendon@realestate.co.nz

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Surging asking prices in March break new national record for third consecutive month, while new listings fall

Posted on: April 1st, 2015 | Filed in Featured, NZ Property Report, Uncategorized

Canterbury and Auckland lead regions in record asking price

AUCKLAND, 1 April 2015 – The average asking price of homes for sale in New Zealand in March reached a new high of $514,712, the third consecutive month of record asking prices. The latest monthly property data from Realestate.co.nz also showed that the number of new listings in March was 11,870, a decline of 4.9% from the same time last year, and the lowest for March since 2009.

•	Property Asking Price  - March 2015

The new national high in average asking price of $514,712 was a small increase of 0.6% on the previous record of $511,412 set last month. The growth in asking prices in March was also reflected in different parts of the country with three regions experiencing new records, including Canterbury and Auckland.

 

The new high of $467,126 in Canterbury was a 1.3% increase from the previous record of $461,032 set in July last year, while Auckland’s new high of $766,912 was a 0.3% increase from the previous record of $764,424 reached last month. In addition, the Wairarapa also experienced a new high in average asking price of $357,949. The average asking price in Wellington during March 2015 was $461,905, which is 1.6% below the all time high of $469,487 set a year ago in March 2014.

 

CEO of Realestate.co.nz, Brendon Skipper says, “there is no let up in the increase in asking price, especially with regions such as Canterbury and Auckland experiencing new highs. With the slight fall in the number of new listings in March, sellers are in a good position to maximise the value of their homes.”

•	New Property Listings – March 2015The number of new listings of homes for sale across New Zealand in March was 11,870, a decrease of 4.9% from the same month last year, and a fall of 1.1% on the 12,008 new listings in February. This is the lowest number of new listings for the month of March since the 11,456 recorded six years ago in March 2009. While Canterbury saw an increase of 3.8% on the number of new listings from March last year, both Auckland and Wellington experienced falls of 5.2% and 9.2% respectively.

 

The national average in overall inventory* of available housing stock for sale fell slightly to 23 weeks in March, close to the record low level set in January of 21.4 weeks. “The long-term national average is 36 weeks of stock. Many regions are experiencing low inventory levels, including the three major cities,” says Brendon Skipper.

•	NZ Inventory – March 2015

 

 

 

 

 

 

 

About Realestate.co.nz

Realestate.co.nz is the official website of the New Zealand real estate industry, and provides the most comprehensive selection of licensed real estate listings. Realestate.co.nz lists more than 120,000 properties each year, representing more than 97 per cent of all listings currently marketed by real estate professionals.

 

* Inventory is expressed as a theoretical measure of the number of weeks it would take to sell all unsold housing stock on the market at a given point in time, which includes all active listings of homes for sale no matter when they were first listed.

 

For media enquiries, please contact:

Brendon Skipper, CEO
Realestate.co.nz
T: +64 21 542 607
E: brendon@realestate.co.nz

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12 Properties for Christmas – Day 12

Posted on: December 25th, 2013 | Filed in Featured, Other interesting reads:, The lighter side, Uncategorized

When I think back over the places that have helped shape Christmas and summer holidays for me, I always come back to Kuaotunu in the Coromandel.  The fun we had in and around here is the stuff of dreams, the dreams I have for my kids.  Take your pick; north facing, sun, sand, surf, diving, fishing, exploring, great mountains, forests, caves, New Chums, bonfires, beach cricket. The list of summer fun options goes on and on.

On Christmas my true beloved gave to me … a family home where memories are so strong.  This is a place that brings family closer, and will draw friends from afar.  Merry Christmas everyone.

Brought to you by Mark Hall of Matarangi Beach Realty

 

12 Properties for Christmas

Day 1:  Private cliff top paradise (Orewa)

Day 2:  Lakeside Art Nouveau (Hamilton)

Day 3:  Unsurpassed Views And Lifestyle (Cromwell)

Day 4:  Auckland City Luxury Apartment (Auckland)

Day 5:  French Inspiration (Akaroa)

Day 6:  Queenstown Dreamer (Wakatipu Basin)

Day 7:  Absolute Beachfront (Gisborne)

Day 8:  Luxury on Lake Rotoiti (Rotorua)

Day 9:  Taupo Bay Waterfront Bach (Northland)

Day 10:  Stewart Island beach front

Day 11:  Views to die for (Muriwai)

Day 12:  Beach Front Kuaotunu (Coromandel)

Merry Christmas and Happy New Year from the team at Realestate.co.nz.

Phil

Phillip Dunn
Acting CEO
nz.linkedin.com/in/phillipnz

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12 Properties for Christmas – Day 10

Posted on: December 24th, 2013 | Filed in Featured, Other interesting reads:, The lighter side, Uncategorized

Christmas time for some is a time to get away and escape hustle and bustle of busy lives.  There is a need to get away from it all, and if that’s the case then why not look south, all the way south.  A couple of days before Christmas my true love gave to me … a cosy home in Horseshoe Bay on Stewart Island.

12 Properties for Christmas

Day 1:  Private cliff top paradise (Orewa)

Day 2:  Lakeside Art Nouveau (Hamilton)

Day 3:  Unsurpassed Views And Lifestyle (Cromwell)

Day 4:  Auckland City Luxury Apartment (Auckland)

Day 5:  French Inspiration (Akaroa)

Day 6:  Queenstown Dreamer (Wakatipu Basin)

Day 7:  Absolute Beachfront (Gisborne)

Day 8:  Luxury on Lake Rotoiti (Rotorua)

Day 9:  Taupo Bay Waterfront Bach (Northland)

Phillip Dunn
Acting CEO
nz.linkedin.com/in/phillipnz

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12 Properties for Christmas – Day 9

Posted on: December 23rd, 2013 | Filed in Featured, Other interesting reads:, The lighter side, Uncategorized

Who out there has been to Taupo Bay in the Northland?  Our family stopped here one summer many moon ago en route to Cape Reinga, returned to camp and play the next year.  Took my wife here after we returned from the UK.  3 days out from Christmas will my wife now gift this true Waterfront Kiwi bach to our family!

This is as traditional as you get, check out the formica bench-top.  800 square metres of absolute beach front.  You are half an hour by car to Whangaroa Harbour and Kaeo and 15 minutes by boat to the harbour-side hideaway that is Kingfisher Lodge.  If beaches and the ocean are your playground you’ll love Taupo Bay.  The fishing is amazing the people warm and welcoming.

 

12 Properties for Christmas

Day 1:  Private cliff top paradise (Orewa)

Day 2:  Lakeside Art Nouveau (Hamilton)

Day 3:  Unsurpassed Views And Lifestyle (Cromwell)

Day 4:  Auckland City Luxury Apartment (Auckland)

Day 5:  French Inspiration (Akaroa)

Day 6:  Queenstown Dreamer (Wakatipu Basin)

Day 7:  Absolute Beachfront (Gisborne)

Day 8:  Luxury on Lake Rotoiti (Rotorua)

Phillip Dunn
Acting CEO
nz.linkedin.com/in/phillipnz

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12 Properties for Christmas – Day 8

Posted on: December 20th, 2013 | Filed in Featured, Other interesting reads:, The lighter side, Uncategorized

Rotorua may be famous as a geothermal wonderland, and for its forests and bike tracks, the luge and trout farms.  But just outside Rotorua are a collection of 18 sparkling lakes that serve everyone from the fast paced water sports enthusiasts to fisherman and adventurers of every shape and size.  There can be no favourites within the Rotorua lakes, they all have something to capture the imagination and leave a lasting impression.

On the 5th day before Christmas, my true love gifted to me … a beautiful lake-edge home on Rotoiti at Okere Falls.

With the Okere Falls only 400m as the crow flies, your own boat shed on Lake Rotoiti and the, only accessible by boat, Manupiria Hot Springs near by, you’ll find it hard not to think twice about this place.  Check out the video, I could be here in a jiffy.

12 Properties for Christmas

Day 1:  Private cliff top paradise (Orewa)

Day 2:  Lakeside Art Nouveau (Hamilton)

Day 3:  Unsurpassed Views And Lifestyle (Cromwell)

Day 4:  Auckland City Luxury Apartment (Auckland)

Day 5:  French Inspiration (Akaroa)

Day 6:  Queenstown Dreamer (Wakatipu Basin)

Day 7:  Absolute Beachfront (Gisborne)

Phillip Dunn
Acting CEO
nz.linkedin.com/in/phillipnz

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12 Properties for Christmas – Day 7

Posted on: December 19th, 2013 | Filed in Featured, Other interesting reads:, The lighter side, Uncategorized

All this talk of mountains is a fine thing.  When it comes to summer holidays in our family, 9 out 10 times we’ll hit the beach.  Summer memories for me are sun, sand, sailing, a bit of surf, beach cricket and road trips.  One memorable trip took us down through the East Cape and to Wainui Beach in Gisborne.  Wainui is a beauty, a place those from Gisborne are proud to keep as their own.  If you like beaches and especially catching a wave then this is a place for your bucket list.

6 days from Christmas by true love gave to me … a pure beachfront bach on the shores of Wainui Beach.

Brought to you by Bronwyn Kay of Bronwyn Kay Gisborne

Found this place on the beach, a combination of a traditional Kiwi bach and new age quality home.  For me a bach is a place where you can drag sand inside and not be too bothered about it.  This place captures that but from the look of that kitchen there is a lot more to the home.  With 260 square metres of floor space this 4 bedroom home is worthy of checking out if you find yourself in Gisborne over the summer.

12 Properties for Christmas

Day 1:  Private cliff top paradise (Orewa)

Day 2:  Lakeside Art Nouveau (Hamilton)

Day 3:  Unsurpassed Views And Lifestyle (Cromwell)

Day 4:  Auckland City Luxury Apartment (Auckland)

Day 5:  French Inspiration (Akaroa)

Day 6:  Queenstown Dreamer (Wakatipu Basin)

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