The Unconditional Blog

The impartial voice of the industry


When it comes to searching for property nothing beats the ease and functionality of the web – true?

Posted on: November 12th, 2010 | Filed in Agent Tips, Featured, Website news

Searching for a home istock - croppedThat fact holds so true and has been validated in consistent research and usage – especially as everyday close to 100,000 unique visitors check out property information online in NZ (on we average of 22,000 per day) – far in excess of any print media. They love the ability to refine searches and be notified of new properties; as well as view dozens of photos, maps, videos and property statistics; all from the comfort of their couch or desk.

Having said all of that, there comes a time in the process of house hunting when printed information is invaluable.

The printed page is still one of the best ways of sharing vital information in a close group of people. In the case of open home viewings, I know from personal experience the ease of grabbing a set of printed details for each of the properties we are going to visit. From listening to our customers this is often their experience as well. It is interesting how that contrasts with earlier responses I remember well when the response was “we are a website – why would you want to print details?”

To help just such people (I suspect more than we might imagine!) we have made some tweaks and added some technology so that now you can print details of an individual listing in a nicely formatted pdf file that can be shared with your friends and partner.

pdf printThe print function lies at the top right of every listing page (and has a clear highlighter saying “New PDF”) – depending on the browser you use, it will create and download a pdf or it may open a new tab showing the document.

In addition to collating all the information presented on the listing – photos, address, specifications and a map; we also have added the latest data of viewings for the listing. These statistics are presented in a chart showing the number of viewings of the property day by day over the past month as well as where those viewings have come from, anywhere around the world.

Sample pdf print of a property listing

Listing view stats(By the way these charts are accessible for any listing and are updated dynamically – just click the link in the top right hand side of the page marked “listing viewed xx times”).

So whenever you want to grab a record for a property and scribble some notes, then you can now use this great tool and have all the information laid out in an easy to read format.

We do however ask you to act responsibly and not print excessively! – we don’t wish to be the cause of environmental devastation as our print media colleagues are!


Homestar – energy efficiency rating for your home

Posted on: November 10th, 2010 | Filed in Architecture & Construction, Featured, Green

homestar logo horz RGB.jpg-1

We have long heard the media coverage of how close to 1.0 million out of our 1.6 million homes are poorly insulated, inefficient in the use of energy and potentially unhealthy. The big question as has often been asked is “how can I check out my own home to see if it is efficient”?

Well with the launch of Homestar you now can.

Through its online self-assessment tool you can complete a very detailed evaluation of all aspects of your home, from construction type, insulation, lighting, power usage, heating source, orientation, water usage.. the list goes on and on. The survey provides you with a rating score from 1 to 10. Further than just making you feel good (or depressingly bad!) about your score, the tool provides a superb report covering all aspects of your home to advise as to how to improve its performance with ranking as to how expensive such developments could be, how much benefit they could bring and how easy they are to implement.

This report and online tool should be a must for all homeowners, as well as landlords (and tenants). If you know what things could be done, easily and cheaply to improve the rating, then you are more likely to do it.

The good news is that as a country we are beginning to address this broad issue of energy usage and comfort. At the launch of the Homestar initiative this week, the Minister for Building and Construction, the Hon. Maurice Williamson shared the extent of the uptake of the government subsidy for insulation (warm up campaign) – some 61,000 households had applied for the subsidy since it was introduced, very effectively demonstrating the power of financial motivational over legislative mandate to drive homeowner behaviour.

The Homestar initiative, brought together through an industry collaboration with government support, goes well beyond just an online self-assessment tool. Certified Homecoaches will be trained to provide specialist advice as to how the recommendations of the self-assessment survey can be implemented, leveraging the private sector parters; who are the product and system suppliers to the solutions required and identified in the survey.

A very important third component of the scheme is of great interest to the real estate industry, and with the support of could become a very key part of selling and marketing a property in the near future.

Licensed certified assessors will be appointed by Homestar to carry out independent assessments of properties in the same way a valuation or a building report will be undertaken. This independent survey will then be public information in the form of a unique individual registered rating, which will have a value in the minds of prospective buyers. There is robust information from overseas examples which show that such rated houses put up for sale, performing highly in terms of energy efficiency and environmental impact not only attain a sale price premium, but also sell faster.

The screen mockups seen here provide a concept of how the information could be added to the details of a listing and through the addition of a search filter could profile such properties as well as allow buyers to filter to specific performance criteria within their geographical and price boundaries.

Homestar Nov 8 2010.ppt

As ever the critical success of this scheme and the full initiative will come from the advocacy within the core groups of which the real estate industry is so key. If real estate agents embrace this certification in the promotion of comprehensive data for listing a property it will provide value for their clients (the property owner) as well as enormous value for buyers.


Social media – return on investment ?

Posted on: November 9th, 2010 | Filed in Featured, social media

Social media croppedSocial media is here – that is a fact; and as more and more of us incorporate it into our everyday lives (personal and business) the key question as ever is – is this a good use of my time?

Running the website of and writing this blog – (which is now celebrating its 3rd birthday with this the 503rd post written!) has given me a perspective of how to evaluate the ROI for social media.

The judgment I make is based on objective and subjective insight. Objectively, I can look at the value of social media in terms of search engine optimisation (SEO) and the value of incremental web traffic. Coupled with this is the more subjective value of the deeper and richer loyalty of engagement with our customers. This has been achieved by providing the Voices blogging platform for real estate agents.

Overall social media has been a excellent vehicle for developing and hosting a valuable portfolio of statistics and analysis which has been leveraged through the media to build the profile of the brand and establish the company in a position as a knowledge leaders in the market.

A core part of embracing these new technology and media formats is keeping informed of developments and learning from others. This year has been notable for the value of conferences I have attended, not by their abundance but by their content and presentation, and also more importantly for their interactive ability. In years gone by conferences tended to be dry and laboursome – today through the interactive ability, especially of Twitter, it is possible for all conferences to become highly interactive events.

I have attended quite a few conferences this year from the Inman Connect conferences in the US to the Social Media Junction conference, to the first of our own Future of Real Estate conference. All have been past fast paced with a wealth of domestic and international speakers, and all have leveraged the power of live tweeting to allow questioning, feedback and interaction so that as a participant or a speaker you can truly sense the feedback and if necessary modify the delivery.

So just as the year draws to a close I wanted to highlight a further opportunity of a conference coming up in the next week, which is a second Social Media Junction conference put on by Bullet PR. The first conference back in May attracted over 200 attendees from across the spectrum of NZ business and such was the appeal that the event is being put on again, this time in an extended format. This time the event covers 3 days. The first day is a specialist day for the public sector, this being a clear demonstration of not only the feedback from the first conference attendees but also a realisation of the engaging opportunities of social media for this sector.

The main conference is on the Tuesday and Wednesday the 16th-17th November and incorporates a range of new media visionaries from the US, UK, Australia as well as local practitioners who will offer their insights into how to ensure time spent on social media has a positive impact on the business’ bottom line.

The second day is what is described as a social media content masterclass with Lee Odden from the US, CEO of TopRank Online Marketing Blog. Lee sessions are designed to provide insight into how to deliver online content, how to build a community and how to drive your company’s SEO.

Both days are designed and structured to get to the heart of what works and what doesn’t in the world of social media and online marketing and what can be done to improve business performance as a result. The speakers will cover all the current trends in the market and really look at why you should invest in social media into what you can do to link everything to tangible outcomes.

Social Media Junction is a must-attend event for anyone interested in securing ROI from Social Media marketing.

Thanks to the generosity of Bullet PR they have given me a ticket for the 2 days of the conference to give away to a reader of this blog. The ticket covers entry to the sessions on the 16th and 17th – only, not travel, accommodation or other costs – just the sessions!

The lucky winner will be the first to post on this blog as a comment the answer to this question:

The film “The Social Network” comes out at cinemas on Thursday this week and charts the story of Facebook and its founder Mark Zuckerberg. The question is “what was the original name (full web address) of the website that later on changed its name to become Facebook?”


L J Hooker acquisition of Harveys propels them to 3rd largest group

Posted on: November 4th, 2010 | Filed in Featured, Market News


It was announced today that L J Hooker is acquiring the real estate business of Harveys Real Estate.

Both L J Hooker and Harveys are franchise groups with L J Hooker operating 53 offices in NZ coupled with a further 642 offices across Australia and Asia. Harveys on the other hand is a NZ company with 38 offices.

The acquisition is a complementary fit as the two companies do not overlap regionally, with Harveys strength in the Auckland, Waikato and through the Central North Island whilst L J Hooker has a good coverage especially in the South Island where Harveys is not really present.

The move will leapfrog L J Hooker from the 8th biggest group by number of offices in NZ to the 3rd largest player with a combined 91 offices as the charts below show.


As the industry adjusts to the current level of sales which this year is heading for around 60,000 sales as compared to 70,000 last year, and compared to 100,000+ in each of the years spanning 2002 to 2006, the pressure on margins and overheads will and have already lead to closures of some offices and industry consolidation. As ever under such pressure there will always be opportunities for those well capitalised companies to take advantage to grow market share through marketing or acquisition. This move by L J Hooker is just such a move. It will be interesting to see if this is the only development or if we will witness others in the coming months.

The likely result of this acquisition will see a rebranding of Harveys offices as L J Hooker thereby leveraging the brand franchise as operating two separate brands provides no beneficial economies of scale in marketing.

As a point of disclosure both L J Hooker and Harveys are both shareholders in Property Page (NZ) Ltd which owns 50% of Limited.


Webcast – NZ Property Report Oct 2010

Posted on: November 3rd, 2010 | Filed in Buying / Selling a home, NZ Property Report

The following 3 videos provide a webcast of the content of the NZ Property Report for October 2010. We have broken the report down into three shorter 5 minute videos to assist in focusing on relevant content. The first video covers the big picture of trends across the country in the past month. This is followed by a specific video covering each of the North Island and the South Island.

North Island Summary

South Island Summary


NZ Property Report – October 2010

Posted on: November 1st, 2010 | Filed in Featured, NZ Property Report

blue pen and small houseThe October 2010 NZ Property Report published by provides an insight into the state of the New Zealand property market as measured by the supply side of the property market over the month of October. The key measures of the market analysed in the report are the number of new listings, the asking price expectation for those new listings and the level of inventory of unsold houses on the market at this time. The report is compiled from data captured by the website and represents close to 95% of all property movements in the NZ market as managed by licensed real estate agents.

The October 2010 report follows a similar story to that of the past 3 months as the market has moved into what is traditionally a strong spring listings peak. As with sales the level of new listings continues to be well down on 2009 levels as well as slightly down on 2008 levels – a time when recession and global volatility inn credit upper most in consumers minds. The overriding issue in the market is the level of unsold houses which continues to offer buyers choice but is challenging for sellers competing with so many alternative properties. The theoretical impasse to this situation would normally be a weakening of prices, this is certainly not shown by the latest month’s expectation of asking price which rose again.

Realestate_DownloadNowA full print version of the NZ Property Report – October 2010 is published below and is available for download (1.3MB) and distribution.

Summary of the market – October 2010

Cover page - NZ Property Report - Oct 2010The month of October is traditionally the 4th highest listings month – a key time as sellers, keen to capture the start of summer list knowing that the run up to Christmas is sufficient to ensure a transaction close before the year-end. This year that peak has been somewhat subdued. Total listings at 11,911 even allowing for the factor of continuing weakness in the Canterbury region was down significantly on last year (12% down) and on a seasonally adjusted basis 1% down indicating that the scale of the seasonal uplift was equally subdued.

The key factor in the market continues to be the level of sales which is the reason for the significant high levels of unsold houses on the market which is now edging ever closer to a full 12 months worth. Sales over the past 4 months have been stuck within a very tight range of 4,300 to 4,400 with no appreciable seasonal movement. These sales levels are very comparable with the same period in 2008 when this situation went on for over 10 months until the market saw activity as prices eased and inventory was cleared.

In terms of asking price expectation, sellers are certainly indicating that their view is that property prices do not need to adjust, rather the opposite having seen a further rise in asking price in October from $411,745 to $420,451 which is a significant monthly rise – 4% increase on the recent 3 month moving average and up 0.4% as against October 2009.

Asking Price

Asking_price_chart_Oct_2010The truncated mean asking price for all new listings in October was $420,451, this compares to $411,745 last month and $418,759 in Oct 2009. The market tends to see asking price rise in the spring accompanying the rise in listings. The key issue is that with the high levels of inventory the strength in asking price is counter to the market trend which was seen in 2008 when prices softened.

The current asking price is now closer than ever (just 2% behind) the peak of the market back in October 2007.

New Listings

New_listings_chart_Oct_2010The volume of new listings rose in October to 11,911 however this increase was in line with seasonal trends and in scale was significantly down on the levels of 2009.

Seen over a longer time period the total new listings in each of the past 3 years for the first 10 months were 140,742 in 2008, 111,210 in 2009 and 116,933 in 2010. This provides an insight into the change in the scale of the property market over the past 3 years.


Inventory_chart_Oct_2010The level of unsold houses on the market at the end of October rose to 52,043 from 51,035 in September. This represented the equivalent of 48.8 weeks, as assessed on a seasonally adjusted basis.

The continued subdued level of sales is holding inventory at such high levels despite this slower level of new listings, thereby adding to pressure on the market.

Regional Summary – Asking price expectations

Regional_asking_price_map_Oct_2010The national asking price expectation showed a 3.8% increase as compared to the recent 3 month average.

The majority of the 19 regions showed overall increases with 8 showing increases of more than 5% as compared to recent 3 month average.

Particularly large growth in asking price expectation was seen in Wellington where the truncated mean asking price rose 5% to a new peak of $455,422 surpassing the prior peak in Nov 2007.

Just 4 regions showed a fall as compared to the recent average with both Gisborne and Otago posting falls of 5% or more.

Regional Summary – Listings

New_listings_regional_map_Oct_2010The regional perspective with regard to new listings in October shows some variations with still the majority of regions showing a year on year decline indicating the potential for these markets to be deficient in new listings and therefore potentially leading to a seller’s market.

Notable regions showing significant declines in new listings are Waikato, Coromandel and Bay of Plenty – however all 3 of these regions though are seeing very high levels of unsold houses.

The main metro centres of Auckland and Wellington show falls of 12% in Auckland and just 2% in Wellington. The impact of the Canterbury earthquake continues to impact the property market there with new listings down 26% an identical level to last month in some ways reflecting the fact that whilst significantly impacted, the situation has not worsened with 1,312 new listings in the region over the past month.

Regional Summary – Inventory

Regional_inventory_map_Oct_2010It is very clear from the regional map of inventory levels that the property market continues to favour buyers when viewed purely from the perspective of the rate of sale as compared to the level of unsold houses on the market.

Some of these levels across the country are approaching or has reached new highs. In the month of October 4 regions posted new highs: Coromandel at 325 weeks, Northland at 181 weeks, Marlborough with 87 weeks and Waikato with 67 weeks.

Set against those significant highs are the only 2 regions which are showing levels below long term average – the West Coast of the South Island and Gisborne.

The main centres of Auckland and Wellington has levels slightly above average with Wellington showing this month a significant rise to 26 weeks. The Canterbury region has risen significantly this month primarily as a function of the very low sales reporting in September as a function of the disruptive impact of the earthquake at the start of the month.

Lifestyle Property

Lifestyle_listings_chart_)ct_2010The level of new lifestyle listings grew again in October following strong growth in August and September. On a seasonally adjusted basis the total of 1,110 listings represented a 3% growth, as compared to October 2009 actual listings are down 4.3%.

The truncated mean asking price for the new listings in October was up 11% from September to $584,912. This also represents an 8.3% increase in asking price compared to the recent 3 month moving average.


Apartment_listings_chart_Oct_2010A total of 509 apartments were listed in October. The last 3 months has seen almost identical levels which reflects in a 7.5% seasonally adjusted decline and a 21.8% year on year decline. The truncated mean asking price fell to $356,306 in October from $362,427 in September. This level is down 5.4% as compared to October 2009. It is also the lowest price since the peak of the market at $460,734 way back in December 2007.

In the Auckland market total listings amounted to 310 down 27.1% as compared to a year ago and down 23.5% on a seasonally adjusted basis. Asking price expectation also fell from $321,845 in September to $317,283 in October, this represented a 10.6% fall from October 2009 and a down 0.9% as compared to the recent 3 month moving average.

Property Price Index

Comparing the sale price of properties across the country to the asking price expectation is not a perfect comparison, however the trends tend to align. The benefit is that the data for asking price is of the market today, whilst the selling price is reflective of the market active between 4 and 6 weeks ago. The latest comparison is highlighted below:

Property Price Index oct 2010

Index comparison data is compiled from asking prices of new residential listings as they come onto the market via subscribers to the website. The website currently has over 94% of all licensed real estate offices subscribing and providing all of their listings onto the website. The asking price is presented as a truncated mean price at a 10% interval.

REINZ: data is compiled from reported unconditional residential sales from all members of the Real Estate Institute of New Zealand representing all licensed real estate offices. The sale price is published as a stratified median house price and is developed in association with the Reserve Bank of NZ.


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.


With the largest database of properties for sale in NZ, is uniquely placed to immediately identify any changes in the marketplace. The NZ Property Report is compiled from new listings coming onto the market from the more than 1,130 licensed real estate offices across NZ, representing more than 95% of all offices.

With an average monthly level of over 10,000 new listings, the 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.

In analysing the details of the 11,911 new listings in the month of October a total of 153 listings have been excluded due to anomalies. The categorisation of Lifestyle property is defined by the land area of the property. The criterion is a property having in excess of 0.3 hectares and being situated outside metropolitan areas.

Background to is the official website company of the real estate industry of New Zealand, it is an industry owned web business providing online marketing services to the real estate industry. The shareholders in the business comprise the REINZ (50%) and six of the largest real estate companies (50%).

The business operates a portfolio of websites all focused to specialist sectors of the real estate market: is the heart of the business and is focused to the residential property market. It features the most comprehensive selection of property for sale and rent across NZ. The website attracts a significant monthly audience of over 400,000 unique browsers, with over 110,000 of those visiting from countries outside of NZ.

nzFarms is a specialist website presenting the most comprehensive selection of farms and agricultural businesses on the market across NZ. At this time it features around 5,000 listings for all types of farms and agricultural land as well as over 11,000 lifestyle properties.

Prime Commercial is a specialist website presenting the most comprehensive selection of commercial property for purchase or lease on the market across NZ. At this time it features over 27,000 listings for all types of properties – retail, commercial, industrial and investment properties.

Prime Business is a specialist website presenting the most comprehensive selection of businesses for sale on the market across NZ. At this time it features over 4,300 listings for all types of businesses – retail, tourism, wholesale as well as franchise opportunities.

Zoodle is a specialist property information website providing very detailed data on all residential properties in NZ. The database comprises over 1.5m properties with detailed specifications, map and local amenities. The site provides online reports for free and for purchase covering valuation and legal information to greatly assist the needs of property buyers and sellers.

The web business of site is the most comprehensive real estate web operation in NZ, currently hosting over 118,000 listings, covering this portfolio of residential property for sale and rent, commercial property for sale and lease, rural properties and farms, as well as businesses for sale. With a subscriber base of over 1,130 offices, the company represents over 95% of all listings from licensed real estate agents in NZ.

The full NZ Property Report for October 2010 can be downloaded here (1.3MB pdf document). Additionally the raw data is accessible here as an Excel spreadsheet enabling anyone to analyse the raw data and establish any trends or observations.

Usage rights are governed under attribution to the source of the data being The next NZ Property Report for November 2010 will be published on this website on Wednesday 1st December 2010 at 10am.


Global property price analysis places NZ at the median spot on the podium

Posted on: October 29th, 2010 | Filed in Buying / Selling a home, Featured, International, Money Matters

Digital GlobeWe seem to be a nation that loves to benchmark ourselves to the global market and so it was naturally of interest to see the latest analysis by The Economist of the trends in global house prices.

The analysis is very timely as there has been some very interesting articles recently on both the NZ and Australian property market and the speculation as to the emergence (in the case of Australia) of a property bubble and in the case of NZ the continuance of a bubble.

The data utilised in the Economist article provides insight across 22 countries, across all continents and highlights recent price trends as well as long term trends and an insight into their evaluation of whether property prices are overvalued or undervalued and by how much. Certainly the picture of NZ is not certain as to future trends, but measured against other developed western economies our position is not out of line.

Recent price movement

The past year based on Q3 data for 2010 vs Q3 data for 2009 shows that from the chart below a large number of countries have seen property price appreciation. NZ has seen a 3.4% appreciation (QV data). The comparable REINZ stratified price data shows just a 0.47% appreciation based on actual sales price.

Economist global house price analysis Oct 2010 - Q3 py

The comparable position of Singapore, Hong Kong and Australia is significantly different with appreciation over the past year of over 15%. At the the other end of the spectrum the woes of the Irish property market continue to be felt with a 17% year on year decline.

Long term property appreciation

Taking the period of 1997 to 2010 shows in the chart below a consistent global appreciation with the majority of countries seeing around a doubling of value. Clearly the performance of the past 2 years will have depressed some of these performance numbers. NZ sits again firmly at the median point with a period appreciation of 108%. Again using the REINZ stratified house price analysis this appreciation was 109.6%.

Economist global house price analysis Oct 2010 - 97 to 2010 appreciation

Relative pricing

The most interesting analysis is undoubtedly the evaluation as to how over priced (or under priced) each countries properties are. New Zealand is judged to have property prices over priced by 20% as shown in the chart below.

Economist global house price analysis Oct 2010 - over under priced

This places NZ bang on the median spot on the podium with Australia taking its usual gold medal with property prices accessed as 63.2% over priced. It is interesting also to see our often comparatively benchmarked country of Ireland being judged as 13.2% overpriced – that after seeing a year on year negative appreciation of 17%. Just shows the extent to which that country’s property market had bubbled up in the past decade.


NZ Property Market Pulse – October 2010

Posted on: October 21st, 2010 | Filed in Featured, Property Pulse - Regional Market Report

Property Pulse Property Market Pulse report provides a set of factsheets for each of the 19 regions of the country consolidating the latest data from key sources in the real restate market. From the Real Estate Institute (REINZ) comes the latest sales numbers for September as well as the median sales price for key regions and the stratified sales price for key centers. From the comprehensive database of listings comes the key measure of inventory of unsold properties on the market.

Property Sales

The number of property sales is a key measure of buyer activity. The Real Estate Institute release this data on a monthly basis from the sales made by all licensed agents in the prior month making this data the most timely and comprehensive. Actual monthly sales data is effected by seasonal factors, for this reason seasonally adjusted data is presented which clearly shows one month to the next if the sales are going up or down.

NZ property sales - october 2010


Sales in September totaled 4,323. On a seasonally adjusted basis as presented in the chart above the sales were up just 0.6% on August. As compared to September 2009 this month’s sales represent a fall of 33%. The level of sales in the calendar year to date reflect closely the sales levels of 2008 rather than 2009. In the first 9 months of 2008 sales totaled 43,131; in 2009 they totaled 52,394 and in this current year the total is 42,630.

As is highlighted in the regional reports the impact of the Canterbury earthquake significantly impacted not just that region but the national numbers. The Canterbury sales impact probably amounted to around a 5% decline on a national basis as the region itself suffered a close to 40% decline.

Property Price

The selling price of properties measures that critical balance between what a buyer is prepared to pay and what a seller is prepared to accept. The Real Estate Institute data of prior month sales produces a median price. This raw number is then re-calculated through a model developed in partnership with the Reserve Bank of NZ to create a Stratified Price, which ensures that volume changes in key price segments do not skew the figures.

NZ Stratified house price - Sep 2010


The stratified price fell in September at $359,555 reflects a marginal change on August when the price level was $360,675. The level of sales price using this accurate stratified method has been without any great volatility for the majority of this year after recovering from the market lows of 2009. At this current level it represents a 5.6% fall from the peak of the market back in November 2007.

Stock of Property

The number of properties on the month is provided from data and measures the level of seller activity in the market. The data represents the total number of new listings coming onto the market each month and is compiled at the start of each month for the prior month and is published in the NZ Property Report. The measure of properties on the market is represented by the number of weeks of equivalent sales, and judged on a comparative basis with prior months more accurately reflects the state of the market.

NZ Inventory - Sep 2010


The level of inventory of properties on the market measured in equivalent weeks of sale picked up slightly in September. It now stands at 47 weeks as compared to 46 weeks in August and compares to 32 weeks in September last year. The long term average is around 38 weeks which would indicate that the market is still very much in favour of buyers rather than sellers.

These statistics are the aggregation of all the statistics from across the country. As is well know by those in the industry, real estate is a local business and in an attempt to provide greater insight into the local market the same set of key data – sales, selling price and inventory has been calculated for each of the 19 regions of the country. Check out the factsheet for your local region to see what is happening in your neck of the woods.

North Island





Central North Island

Bay of Plenty


Hawkes Bay


Manawatu / Wanganui



South Island




West Coast


Queenstown Lakes



Hawkes Bay – Property Market Pulse factsheet – October 2010

Posted on: October 21st, 2010 | Filed in Hawkes Bay Property Market Factsheet

Realestate_DownloadNowThe Hawkes Bay district Property Market factsheet can be downloaded by clicking this icon.

Property prices in the Hawkes Bay fell slightly in September to $265,000. The current price is exactly as in September 2009.

Hawkes Bay median house price - Sep 2010Property sales in the region picked up in September by 14.1 % on seasonally adjusted basis. A total of 159 properties were sold in the region in September. Over the first 9 months of 2010 a total of 1,503 properties have been sold compared to 1,945 in the same period of 2009.

Hawkes Bay seasonally adjusted property sales - Sep 2010

Inventory of houses on the market rose slightly in September with 50 weeks of equivalent sales on the market. This inventory level continues to be above the long term average of 35 weeks. This would indicate that the market still swings in favour of buyers.



Nelson – Property Market Pulse factsheet – October 2010

Posted on: October 21st, 2010 | Filed in Nelson Property Market Factsheet

Realestate_DownloadNowThe Nelson district Property Market factsheet for October 2010 can be downloaded by clicking this icon.

Property sales in the Nelson region rose slightly in September; as measured in a seasonally adjusted basis volumes were up 3.7%. There were 124 sales in September compared to 104 in August. Over the first 9 months of 2010 a total of 1,137 properties have been sold compared to 1,309 in the same period in 2009.

Nelson seasonally adjusted property sales - Sep 2010The inventory of properties on the market in September rose again to 32 weeks of equivalent sales. This level of inventory is above the long term average of 28 weeks. This would indicate that the market is slightly favouring buyers.


Property prices for the Nelson are included in the broad Nelson / Marlborough regional median property price, in July this price was $330,000 down 2.1% as compared to September 2009.

Nelson Marlborough median house price - Sep 2010

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