National MarketWatch (May 2015)

May 13, 2015 Share this:

The latest residential housing figures from New Zealand’s largest real estate group, Harcourts shows that written sales were up strongly throughout the country in April, including in Christchurch, which experienced renewed buyer activity after a few slower months.

Inventory levels throughout the country remain at lower levels than last year, except in Christchurch where the market has recovered from last year’s supply shortage. Average sale price in the garden city was up strongly on last year reflecting the sale of high-quality properties, which continue to attract a premium.


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Topics: Research, Newsletters, Residential

Northern Region MarketWatch (May 2015)

May 11, 2015 Share this:

Residential data from New Zealand’s largest real estate group Harcourts for Auckland/Northland for the month of April shows that the elevated level of buyer activity experienced in March has continued into April. Written sales in the region were up 41.3% compared to last year and the average sale price was up 14.0% to $795,429.


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Topics: Research, Newsletters

Christchurch Metro MarketWatch (May 2015)

May 04, 2015 Share this:

The latest residential property figures from Harcourts show that there was a lift in the Christchurch market in April with written sales up 16.1% compared to last year. After the stock shortages of the past few years, the additional inventory now available is fuelling a greater level of buyer activity than usual for this time of year.

ChristchurchMarketWatch May 2015


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Topics: Research, Newsletters, Residential

Northern Region MarketWatch Analysis (April 2015)

April 10, 2015 Share this:

The latest residential data from New Zealand’s largest real estate group, Harcourts shows that average sale price in Auckland/Northland was up 19% on last year to $830,186.

Written sales in March were up 34% to 823; a record breaking sales volume for any month for the region. At the same time inventory was down 12.8%. The decline in stock will put further upwards pressure on house prices.

Harcourts CEO Hayden Duncan says that despite accelerating house price rises, buyer activity is showing no signs of slowing down.

“Harcourts Northern Region experienced its strongest sales month on record in March. This is a clear indication that home buyers are not expecting any relief from rising house prices,” says Duncan.


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Topics: Research, Newsletters

Christchurch MarketWatch Analysis (April 2015)

April 03, 2015 Share this:

In the latest residential property figures from Harcourts, after a few flat months average sale price in Christchurch has rebounded and is up 3.0% on last year to $523,247. Written volume in March was down slightly (2.1%) on last year, but up strongly on last month as more buyers look to settle ahead of the cooler weather.

There is a good selection of property on the market with inventory up 29.3% on last year. However, building consents in Christchurch slowed last month, and population continues to increase, so property demand should remain strong and keep prices stable to growing. Demand for quality properties in Christchurch remains very strong with buyers prepared to pay a premium for good-sized family homes in prime school zones.


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Topics: Research, Newsletters

Harcourts welcomes changes to KiwiSaver for first home buyers

April 02, 2015 Share this:

New Zealand’s largest real estate company, Harcourts has welcomed changes to the KiwiSaver scheme for first home buyers that came into effect today, but would like to see more done to encourage development of all types of housing, particularly in Auckland.


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Topics: Research, Press Release

Northern region provisional housing market update (April 2015)

April 02, 2015 Share this:

Provisional residential data from New Zealand’s largest real estate group Harcourts for the month of March shows that the average house price for Auckland/Northland was up 21% compared to last year to $844,188.

Written sales for the month were up strongly (31.9%) to 810, while new listings for March were down 21.2% to 740 and inventory was down 12.8% to 1716.

Harcourts CEO Hayden Duncan says that despite the rapid rise of house prices in Auckland, buying activity is not slowing down.


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Topics: Research, Press Release