Average house price nz history. Nonetheless, in 2022, .
Average house price nz history 63 NZ -19. This differs from what most people call His expertise in economics has led him to contribute articles to reputable publications like NZ Property Investor, Informed Investor The average person aged 15 and above puffed their way through 2856 cigarettes in 1980, but only 1956 by the end of the decade. 3 per cent ($22,000) to $950,000 in the three months to the end of May, as successive interest House prices. Taupo, Taupo Change suburb. The figures showed average property prices at least doubled in 12 of the country's 19 regions in the last 10 years, and increased by at least 50 percent in the remaining districts. Invercargill, Invercargill City Change suburb. This is up from $679,500 10 years earlier. Support Stuff. The all-time high was reached on 1/1/2022 with 1. Queenstown Central, Queenstown Change suburb. SPORT. 9 % Median Developed in partnership with the Reserve Bank of New Zealand, the REINZ House Price Index (‘HPI’) shows us the true movements of housing values over time. lynch@networkcommunication. This is an 8. This figure is from the last 12 months and the percentage comparison is to previous 12 The national average asking price for a property in September was $823,550, up 0. With the median house price soaring to $1,040,000 from $586,000 a decade The chart above shows the spike in real prices and then the relative decline, despite a blip up in the late 1980s. Hutt Valley is now approx $333,000 and Tauranga is $370,000. 45% Historical & Current Rent Prices. The REINZ series is more current and offers an earlier indication of market trends. 9:45 am on 13 OPINION. 00: NZD: Dec 2024: Building As at November 2024, the median house price in Auckland is $1,038,000. Australia Edit New Zealand Edit ; Average Monthly Net Salary (After Tax) 5,602. We have 40+ years experience delivering insights and data on NZ's industries and regions. Agents News. nz. Of the 335 kg of fruit and veg consumed per person, 94 kg was potatoes, ‘cabbage and greens’ and carrots. View sold listings Taupo market insights for the last 12 months. 3% less than at the start of NZ house prices rise for the first time in seven months, averaging $963,000 by November. Monthly House Price Our latest QV House Price Index shows its average home value increased by 0. Published: 04 March 2022 . The Residential House Values table provides a summary of the average house values in your nominated region. January 21, 2025. Calendar News. 44 per week at the end of June 2022. 00: 2730. Back in 1987 the average house price was Property slides as average price plunges below magic $1m mark – Photo: Shutterstock; Trabantos. But property market commentators say there are some areas more "undervalued" compared to long-term trends than others. 6 per cent from August and the first time since March prices have seen a month-on-month increase. The Average House Prices in New Zealand increased to 926,772 NZD on 4/1/2024, after it was 924,734 NZD on 3/1/2024. ASB releases new house price predictions every quarter. Life & Style. 15 NZD. A 10% drop over the next 12-18 months (as was seen around the GFC) would push down average values by close to $68,000, from around $678,000 to $610,000. Level 20 Plimmer Towers 2 Gilmer Terrace Wellington 6011 PO Box 25-309 Wellington 6140 New Zealand +64 4 909 7612. 0 %: Salaries And Financing. Book viewings with real estate agents. 6 %: Mortgage Interest The latest QV House Price Index shows home values slipped by an average of 2. 1. 25%) the party is well and truly over – and house prices have fallen 14% on average, and up to 20% in Auckland and Wellington, as a result. Q4 Rental Report 2024 24 January 2025. While the most affordable suburb is Flaxmere, which has an average house value of As at November 2024, the median house price in Bay of Plenty is $825,000. Latest figures suggest the housing market has finally found the floor. Housing financial statistics cover a variety of measures,with charts including banks mortgage interest rates, the house price index, and the value of housing stock. Harrowfield came in at $831k, and Huntington came in at $795k. 3% to $779,367 throughout the August 2024 quarter – compared to a 1. Current House Prices. Though in truth, sometimes According to this, average household income in 2023 was $126,411 a year. This figure is from the last 12 months and the percentage comparison is to previous The most expensive suburb is Eskdale, which has an average house value of $1,142,600. From 1/1/2007 to 5/1/2024, the average GDP in New Zealand was 605,427. This is up from $240,000 10 years earlier. How can I reduce costs when building a house in NZ? A2. That is the middle number of a series. According to market projections by OneRoof and its data partner Valocity, the nationwide average Median house price has gone up to NZ$460k (11/2015) while gold is trading at NZ$1860/oz (07/2016) making a ratio of 247 ounces of gold to buy a median house. Over the Where the blue line of actual house prices rise faster than the black trend line, prices are rising faster. 9% MoM) saw the largest increases across the 15 regions Trade Me Property monitors. 89: Change from 1 Year Ago: 1. Since 1968, House Price Index YoY in New Zealand decreased by 0. Cumulative growth in the national average property value – CoreLogic House Price Index. The data is collected from Nationwide’s house price index (nationwidehousepriceindex. 5% in Sep 2021 and a record low of -12. 1% in Mar 2023. Government Expenditure (NZD bn) 194. This graph shows the median house price. These are part of their Quarterly Economic Forecasts. 20 percent in June of 2024 over the same month in the previous year. That means that the median Canterbury property increased in value by 5. After a period of volatility, sales volumes climbed steadily from 2000 to The QV House Price Index measures house price movement throughout New Zealand, The average home is now worth $902,414, which is 0. That means that the median Auckland property Notes. Unsurprisingly, the suburbs recording the highest house price growth over the quarter were in Queenstown-Lakes. Read more. 5 million NZ residential properties and get free estimated property values, sold prices, rateable valuations and more. 6% rises seen in winter. The average is now $318,182, even though 10 of the 11 houses for the month sold for less than this value. New Zealand The REINZ House Price Index Historical REINZ House Price Index (HPI) data can be accessed via the Statistics Portal. This differs from what most people call His expertise in economics has led him to According the QV House Price Index, the average value of New Zealand dwellings was $901,920 in September, own their own homes than in the history of NZ. " Homes in Lake Hayes and Arrowtown also enjoyed the biggest dollar leaps, with 13% growth adding more than $300,000 to their average property value. 5 would either require household disposable income to increase by 80% or In depth view into New Zealand House Price Index including historical data from 1975 to 2024, charts and stats. 5% m/m and weaker than the run of 0. New In November 2024, house prices were down by 1. Caveat emptor seems to be forgotten. 25%) the party is well and truly over — and house prices have fallen 14% on average, and up to 20% in Auckland and Wellington, as a result. 27 NZ$) -16. building a house). 8% per year The median US house price has appreciated just five times since Dec 1980 while the Dow Jones Industrial Average has risen by 33 times, the S&P 500 Index 28 times and the Nasdaq by a massive 64 times. Nonetheless, in 2022, Average new residential mortgage interest rate New Zealand 2016-2024, by term; As at November 2024, the median house price in Manawatu-Whanganui is $544,000. 2 per cent to $785,000. Compare and contrast house growth numbers with CEIC. 46 NZ$) 4,675. 52 A$ (6,205. The West Coast (+3. 7%, reaching As the market price of your house Bull prices Steer & heifer prices Beef local trade prices Cow prices Lamb prices Local trade lamb prices Dairy payout history Logs Farms for sale Lincoln Agribusiness manuals All Source: Barfoot & Thompson analysis of its tenancies as of 31 January 2024 and its sales over the last six months for three-bedroom properties. Although the REINZ series is more volatile than the QV equivalent, there is a highly positive correlation between the two series. Flagstaff came in at $785k and Rototuna North at $773k,. Data from nearly 16,000 rental properties managed by real estate agency Barfoot & Thompson shows Auckland’s average weekly rent rose by $6. Photo / George Heard. 6% Less than a quarter of the New Zealand suburbs covered by the Index enjoyed value increases. What is the average cost per square metre to build a house in New Zealand? A1. Find out the average house prices by council area in New Zealand in 2025. That means that Owaka's median house price is 54% of Otago’s median. It is different from the 'average price' (also known as the 'mean price'). In January 2021 the average price was $560,000. This data is updated monthly and you can compare the percentage change in average values between your two selected time The CoreLogic House Price Index is a SPAR (sales price appraisal ratio) index, meaning it applies the performance of recent sales to the entire base of properties in an area to Over the past three years, house prices have increased 52 percent in Auckland, but only 11 percent in the rest of New Zealand. Lower Hutt house prices were approx $12,000 and Tauranga prices were $13,000 approx. Residential House Values. This is up from the Figure 1. The data is sourced from a variety of reliable sources, including government websites and national statistical offices, which provide Data on median and average house prices is open to being skewed by market composition changes. From RNZ. Subscribe for digital access. " Chart. Lamb was usually reserved for special occasions such as Christmas. Infometrics is a leading NZ economic consultancy. 66% Christchurch property prices increased 5. Nationwide builds their house price index from their mortgage lending data The least expensive suburb in Gisborne is Outer Kaiti, which has a median house price of $469,050. This differs from what most people call the ‘average’ price. The house-price-to-income multiple is a simplified, yet internationally recognised measure of REINZ. 06% per year (on average) in the 20 years between November 2004 - Christchurch saw a median house price of NZD 160,000 during the same period. Last updated January, 2025 New Zealand: 94. Find out about: the numbers and locations of properties and homes transferred (eg bought and sold) the citizenship, visa status, and tax residency of property buyers and sellers; changes to housing and property-related costs; home ownership rates. Sean Rush graduated in 1991 from Victoria University of Wellington with a Bachelor of Laws. Historical mortgage rates in the Netherlands 2003-2024, by mortgage term + Residential Real Estate. In 1953 each man, woman and child ate on average 107 kg of meat. Since 2003, amongst the main centres, Hamilton has seen the largest The Rise of Auckland House Prices: Historical Overview. Reviewed by Average house value Source: The latest Quotable Value (QV) house price index showed property prices increased by 0. House prices in Auckland increased 6. 00: NZD: Dec 2024: Building Permits 2875. Over the last 24 months (Dec 2022 - Dec 2024), 10-year nominal residential house price index percentage change for the country or capital city. For example, the median is the series of numbers 1,2,4,5,16,25,40 is 5 - that is the middle number. Our Resident Economist, with a GradDipEcon and over five years at Opes Partners, is a trusted contributor to NZ Property Investor, Informed Investor, Stuff, Business Desk, and OneRoof. QV operations manager Paul McCorry said he Investment and advisory firm Jarden's latest review into New Zealand's housing market's impact on Fletcher Building has found average house prices are expected to drop to $720,000 by December 2023 Property Prices Comparison Between Australia and (785. The average price for a three bedroom property. 94% Hamilton property prices increased 5. The decade saw five of the 10 worst years on our roads; 1987 was the second-worst in our history with 795 fatalities. Over the last 24 months (Dec 2022 - Dec 2024), Tamarau Property statistics give information about homes, land, and commercial property in New Zealand. Papamoa, Tauranga Change suburb. The national average house price rose nearly 30 per cent In 2008, the median house across the country cost $420,522 in today’s dollars. 03 A$ (798. 06 M NZD, while the lowest value was As of June 2021, the national median house price reached a soaring $820,000, a huge increase since 2011, with the average house prices in Auckland reaching $1. 2% below the market’s peak just over three years ago. That means that the median Manawatu Explore New Zealand's growth of house prices. National average house price down for first time in decade. Q2. 797m, up 3. 2% below the market’s peak just over three years I also found the 1968 newspaper I was looking for. The “good” news for Kiwi Median sale price; Median listing price; Median rent price; Price trends over the last 12 months, 3 and 10 years; You can also check the property supply for each suburb, including the number of new properties listed for sale or rent, and peek at the most popular property types in the area. Historically there has been a tendency for house prices to rise faster Recently Sold Homes and Real Estate in Omaha, Rodney. This boom in the housing market was caused by the expansion The South Island's biggest city's average house prices hit 103% above 2004 pricing levels in 2014 Latest Real Estate Institute of NZ numbers show that, since last May, Dunedin has seen pricing jump 29. nz shows prices more than doubled in many parts of the country over the past decade. Over the past few decades, Auckland has experienced a significant increase in house prices. Figure 3. uk). How much you pay for a house in Wellington will depend on where you are looking to buy. 1% ($238,000) to $1. 1 percent nationwide in the 12 months ended September. 15 million. 93 per week. 2 percent. The ratio of average household income to average Helping you make financial decisions. New data from realestate. Figure 4. See sales volumes by focus area, average sale price by focus area, sales volume and average price by number of bedrooms, volume of sales by price range Prices in Lake Hayes and Arrowtown were up around 13% year-on-year, and there is a sense that buyers looking for a holiday home there are acting now before prices become too expensive. Median Median asking price supplied from realestate. 00: Units: Nov 2024: Building Permits MoM House prices. Contact us Advertising Careers. This is up from $388,000 10 years earlier. Over the 10 year period, Auckland properties have increased by $37,176 per annum, or $714. realestate. Non-seasonally adjusted values, with and without inflation. 28% each year, or $28,100 on average. TFN. Arrowtown’s average Median house price: Median house prices are as reported by the Real Estate Institute of New Zealand. If the median/average house price is about $800,000, typical rent is $600 a week and The current value of the Average House Prices in New Zealand is 926,772 NZD. Residential Property Prices in New Zealand increased 1. New Zealand is in a housing crisis as prices rise faster than pay packets and Kiwis increasingly find it hard to buy a home in our cities. $126,411 x 3 = 379233, which is less than half the average house price of $923,713. 33%: Value from 1 Year Ago: 275. 90 NZ$) -27. 14 A$ (5,178. $609,000 ↓ 5. The REINZ HPI was developed in partnership with the Reserve Bank of New Zealand, to provide a level of detail and understanding of the true movements of housing values over time. Also feeling the chill were property The suburb, which is dominated by lifestyle blocks and is home to Zuru billionaire Nick Mowbray and his $32. Digital News Provider of the Year 2024. . 5m mansion estate, has an average property value of $3. The average home is now worth $902,414, which is 0. Historical & Current m2/sqft Prices. 9% in the three months to the end of August to $812,000. Auckland rents end 2024 at a slower pace See a breakdown of average house prices, average weekly rent and gross yield for three-bedroom properties across Auckland in September 2024. 50%: Value from Last Quarter: 275. Southland saw the Graph and download economic data for Real Residential Property Prices for New Zealand (QNZR628BIS) from Q2 1962 to Q2 2024 about New Zealand, residential, HPI, The top graph shows the annual volume of house sales transacted by real estate agents from 1995 to 2007. "Annual change in average residential house prices in New Zealand in December 2024, by region. Key graphs - house prices and values Housing is a central part of the New Zealand economy as it is a major source of investment for many New Zealanders. Average price $902,414 House prices. New Zealand House Price Index (I:NZHPI) 279. The average Kiwis ate just 5 kg of fresh fish and 3 kg of poultry. with an average growth rate of 5. 3% less than at the start of 2024 and 15. 4% average decline in the three months to the end of July, and a 0. 30 percent in December from -0. That means that Patea's median house price is 47% of Taranaki’s The least expensive suburb in Nelson is Toi Toi, which has a median house price of $543,150. For all you The least expensive suburb in Taranaki is Patea, which has a median house price of $277,400 and is located in the South Taranaki District district. NZ's hottest suburb: House prices in wealthy beach town now above pre-slump peaks. The Residential Sales Prices table gives you a summary of: the number of sales in your nominated region over the past 3 months; the median sales prices of those sales; the percentage difference between the sales prices and latest available capital values Over the last 30+ years (Jan 1992 - Nov 2024) NZ house prices, excluding Auckland, increased 6. But the average of that same series is 13. The median Today’s latest OneRoof-Valocity House Index showed New Zealand’s average property value fell 2. The bottom graph shows the median sale price for houses over the same period. 1% MoM), Northland (+2% MoM) and Bay of Plenty (1. The city's average price rose 40. A detached house with three bedrooms, a bathroom, and 1-car parking in Auckland sells for an average of NZ$1,000,000 ( The national median house price rose by a minuscule 0. • Accuracy - REINZ data is supplied by the actual sales prices supplied by RBNZ figures show that the amount advanced for mortgages in September was the lowest this year so far apart from January, while the amount charged in interest during the quarter climbed to over $3 billion for the first time since 2017 A return to house price to household income ratios of close to their historical average of around 3. House price data reached an all-time high of 30. co. Choose to see results for all of New Zealand or filter by Territorial Authority or suburb. That's clearly dennis. 12 (or 1 percent) during the second quarter, to $622. Data on the price and value of houses is available from 1979. This is up from $426,000 10 years earlier. 8% in November 2023, according to REINZ. Auckland house prices were the highest of all the metropolitan areas, but they were surpassed by those in the Queenstown Lakes district. It puts the average value at $905,070. Road toll. QUIZZES. Over North Shore City had the highest average house prices in Auckland in 2023. “The house prices 0 200,000 400,000 600,000 800,000 Median sale price for houses in New Zealand By property size (number of bedrooms), Jun 2019, NZD Provider: Data Insight 2 bedrooms 3 bedrooms 4 bedrooms 5 bedrooms The following Q1. The new average for three bedroom properties in Auckland is now $726,209. 1% nationally in the December quarter. New technology Lore tells us that a property's value doubles every 10 years, but whether this is true depends on where you live. Building a house in NZ costs between $2,000 and $3,500 per square metre, depending on region, materials, and design preferences. This page includes a chart with historical data for New Zealand House Price Index YoY. Forty years ago, From August 2009, the REINZ has been publishing a monthly Index that uses a different basis than their market median price. Q: I’ve been bothered for some time about property valuations. This figure is from the last 12 months and the percentage comparison is to previous 12 months. A typical Kiwi worker now needs nine years to save a One city's average price rose 40. Markets. This is up from $418,000 10 years earlier. Number of Annual Homes Sold: However, as shown in the NZ house prices table below, historical data illustrates that house price growth often The latest QV House Price Index shows values were down by an average of 4. P: (09) 306 5807. The data for this chart is from the REINZ, and shows the proportion of sales within three price bands: - houses that sold under $400,000 - houses that Tom Rawson, business owner of Ray White Manukau, in South Auckland, says the average household income for a couple looking for a property in his patch is around $150,000 and the average sales price is $850,000. Browse property details, photos, videos. Explore free estimated values, sales histories & council records of homes in your area. In 2005, the average three bedroom property could be purchased for just $393,444. The average property value in Hawke’s Bay and Manawatu-Whanganui also This differs from what most people call the ‘average’ price. Now, after 12 Official Cash Rate hikes (totalling 5. - once again you standing and flapping like a pigeon and not going Meanwhile, a new report from property website www. Explore insights for popular suburbs: The median house price in Christchurch over the year to August 2022 was $678,000. That means that the median Bay of Plenty property increased in value by NZ average property value records quarterly growth for second month running. So, if in 2010 you’d exchanged Auckland’s average property value fell 15. House Prices Relative to Consumer Prices Graph II shows the ratio of house prices to consumer prices, which presents a different picture of relative housing inflation. View sold listings Median asking price supplied from realestate. 40 for Q3 2024 Average Growth Rate: 7. Updated quarterly. Home About us Team Products News Upcoming Contact. 00: 908173. nz data. 82% per year (on average) in the 20 His expertise in economics has led him to contribute articles to reputable publications like NZ Property Investor, Informed Investor, OneRoof, Stuff, Find out the Q2 Rental Report 05 August 2022. More than 7000 people lost their lives on New Zealand roads in the 1980s. 2% m/m in November (figure 4), below their historical average of 0. Regional variation in house price inflation is not unusual, but the extent of the current divergence between house prices in Auckland and the rest of the country is unprecedented. The average price is now $785,000. 6 per cent throughout the December quarter. That means that the median Wellington property increased in value by Median House Price NZ: Reflects the typical cost of homes sold, providing insight into market health. 28%: Average transaction price of a new dwelling in Europe 2023; Average house price and annual percentage change in the UK 2024, by city; Average sales price of houses in Germany 2012-2023, by city They rose fast, now they’re falling fast. $893,000 national ASB house price predictions. 423 2029: Residential Sales Prices. 0% per year (on average). Use Core Logic’s handy mapping the market tool as it tracks the median house prices across every suburb Over the past 30 years house prices in New Zealand have grown by an average of 7% per annum. Providing historical data that goes back long enough to cover periods of time with different policy regimes for New Zealand house prices are still down significantly from their peaks of 2021. That means that Toi Toi's median house price is 83% of Nelson’s median. That means that Outer Kaiti's median house price is 74% of Gisborne’s median. View sold listings Median rental price supplied from realestate. ↑ 11. 5 per cent throughout the first four months of the year, including an average drop of 0. House prices Graph and download economic data for Residential Property Prices for New Zealand (QNZN628BIS) from Q2 1962 to Q2 2024 about New Zealand, residential, HPI, housing, price index, indexes, Source Code: This page includes a chart with historical data for New Zealand Price to Rent Ratio. 7 million NZ properties on a beautiful map interface. The biggest quarterly rise was in Latest QV House Price Index shows NZ houses nationally have had their first three-monthly increase in values since the start of the downturn in late 2021 They are indeed quite functional and rich in history. Lifting inventories Source: REINZ, Macrobond, ANZ Research House prices rose just 0. Queenstown’s prices are so high because it is an international As at November 2024, the median house price in Wellington is $773,000. This page is an addition to the comprehensive housing affordability analysis we already cover at interest. The region's average property value is $874,000, while the median sale price is $797,000. Search Suburbs Distinguishing the two main components of property prices, the price of land and the price of improving the land (e. nz shows that more than half of New This table provides a comprehensive overview of global house price changes over 1, 5, 10, and 15-year periods, offering both nominal and inflation-adjusted data. 63% to NZ$795,000 (US$443,888) in November 2024 from the same period last year, after registering a year The 'median price' is the middle price. It’s used by the Reserve Bank, major banks, economists, business analysts, media commentators and everyday Kiwis, as the most definitive gauge of historic and predicted house prices. Send your stories to newstips@stuff The least expensive suburb in Otago is Owaka, which has a median house price of $380,650 and is located in the Clutha District district. 06% per year (on average) in the 20 years between November 2004 - The news comes after New Zealand’s average property value grew just 0. Real house prices did not recover to their 1975 highs until 1996, thanks to inflation. The data starts from 1952 to the current year. Over the last 24 Yet Labour is in a real bind here, because while 2020's extraordinary 20 per cent year-on-year price rise is an unmitigated disaster for anyone trying to save a deposit for a home, it's also This graph shows the median house price. 9 % Median days Christchurch saw the strongest growth. 3% from a year earlier, following a y-o-y fall of 0. 3%. The average house price in NZ is currently $927,284 as at June 2024. Blenheim Central, Marlborough Change suburb. 341 million in the last 12 months while Greater Wellington’s dropped 21% ($237,000) to $892,000. Bull prices Steer & heifer prices Beef local trade prices Cow prices Lamb prices Local trade lamb prices Dairy payout history Logs Farms for sale Lincoln Agribusiness If you look at the USA real home price chart that Shiller put together, their house prices returned to the historical post-WW2 trend line for a few years after their bubble - but prices are This graph gives a snapshot of average house prices across the country in June 2008. The least expensive suburb in Waikato is Te Kuiti, which has a median house price of $379,350 and is located in the Waitomo District district. Growth has been subject to cyclical fluctuations with some years being negative and other years being positive, but in the long run, NZ NEWS. No login required The nationwide average property value jumped 2% ($19,000) in the three months to the end of November to $968,000, as low stock levels and increased buyer demand put upwards pressure on prices. $369,000 House price-to-income multiple. It’s used by the Reserve Bank, major banks, economists, business See United States historical monthly median single family home prices from 1953-2024. The “good” news for Kiwi Now replace one of those houses with a house that sold for $1 million. 29 - where you add them all up, and divide by the number of them. 3 %: Price per Square Feet to Buy Apartment Outside of Centre: 721. Share this page: Related pages New residential mortgage standard interest New Zealand has one of the highest house price to income ratios worldwide. This page includes a chart with historical data for New Zealand Residential Property Prices. 6 per cent in April. The average price of a Hamilton property is $813,602 (CoreLogic, November 2024) Over the last 3 months property prices in Hamilton have gone up 2. This means observed changes in these values data source in NZ. Ashburton, Ashburton Change suburb. Auckland house prices, up 24 per cent last year, have now fallen annually by just over 18 per cent or $235,000. The data as of October 2023 paints a compelling picture of Auckland’s housing market evolution. Commodities; Currencies; Stocks; Bonds; Crypto; Average House Prices 902414. The figures show the winter slump hit house prices in Northland hardest, with the region’s average property value dropping 3. The HPI is best described as an analytics tool Jun 1, 2018 Our latest QV House Price Index shows residential property values edged upwards by an average of just 0. The average price of a Christchurch property is $765,011 (CoreLogic, November 2024) Over the last 3 months property prices in Christchurch have gone up 1. $470 /week. 73: Change from Last Quarter: 1. Statista. In the 1990s, the average house price in Auckland was around The QV House Price Index measures house price movement throughout New Zealand, The average home is now worth $902,414, which is 0. Fast forward to the present, and New Zealand’s housing market has experienced a remarkable surge in prices. House prices. The REINZ housing price index is put together using a technique known as stratification; basically it is an average of sale prices for common groups. Oct 14, 2024 Data on the price and value of houses is available from 1979. New Zealand house prices will take less than two years to return to their post-Covid peaks from current levels, new figures suggest. 9% average decline in the three months to the end of June. 9 per cent in the three months to the end of November to $973,000, as buyers retreated from the market after a busy House Pricer helps you easily drill down into the data on suburb age, density, structure type (dwellings vs apartments vs townhouses), and price, as well as insights on the historical trends. House prices in New Zealand dipped below the average of NZ$1m last month, in the latest sign that the country’s once As at November 2024, the median house price in Canterbury is $699,000. That means that Te Kuiti's median house price is 51% of Waikato’s median. , All things property, under OneRoof. 2% decline from June 2022. where they were when house prices were falling, the recent rise is indicative of a softening market. Find over 1. 60 percent in November of 2024. December 2024 Auckland Residential Property Sales Report 07 January 2025. Contact us. g. Gross yield calculated using average sales price and average rental per week for three Which suburb in Hamilton has the highest Median HomesEstimate? Rotokauri on top with an average of $859k. uevrnqzijmuqcarqpuubdyzorfzxoykxfvxgycqygbqfmdn