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Quarter Update | February 2020
Quarter Update | December 2019
Who can believe it !The shortest day of the year has passed and we are well on our way into the second half of the year. The days continue to get cooler and wetter, while the local housing market continues to simmer.
Recent housing market figures have confirmed a picture which is now well established: while property values nationally posted solid growth, sale prices in Auckland remain broadly stable. But, as anyone experienced with buying and selling property could tell you, citywide statistics will never give the full picture. Market activity and values can vary significantly from suburb to suburb, and street to street.
At a broad-brush level, Rodney has bucked the flatter trend with market strength there relative to Auckland City and North Shore helping to lift local prices – a pattern driven in significant part by affordability and the return of first home buyers.
Rodney was accounted for in the 10 top-performing Auckland suburbs in the year to March. In second place was Army Bay, whose median price was up 4.7%, to $937,000, with Orere Point (up 4.4%, to $530,000), Wellsford (up 4.2%, to $546,000) and Stillwater (up 3.5%, to $804,000) rounding out the top five. Affordability is a key driver in many areas, with most of the hotspots home to values well below the Auckland median. These prices are proving particularly attractive to first-home buyers.
According to the Reserve Bank, mortgage lending in April was $5.5 billion, up 1.4 percent from a year ago. Lending to first-home buyers, however, was up 11 percent, to $964 million. “The movements we’re seeing are down to affordability,” says Daniel Coulson, Bayleys’ national residential manager. “This, and the fact that there’s more activity in the first-home buyer segment of the market, goes a long way towards explaining why some suburbs are outperforming.
With a continued demand for affordable homes and less competition in winter as the number of listings drop, it’s a savvy time for astute owners to sell with less competition. If you would like to know more about your local market, the current value of your home or how Bayleys Hibiscus Coast could assist you, please get in contact today.
Have you checked out our latest ‘LIVING THE LIFESTYLE’ video on Facebook?
If you are getting a bit of cabin fever this winter than this is the video for you! This month we wanted to showcase the outdoor opportunities on offer from Mahurangi West to Gulf Harbour. If you’re interested in a walk, run or hike then one of the below may interest you.
Tangatu Point (pictured) & Cudlip Point, Mahurangi West.
Puhoi Track, Puhoi.
Various Trails at Wenderholm Regional Park.
Te Ara Tahuna Estuary cycleway and walkway.
Millwater Parkrun, every Saturday at 8am.
Big Manly Beach.
Various Trails at Shakespear Regional Park.
As part of Gabrielle’s fundraising for Crohns and Colitis New Zealand, we are delighted to let you know that if you donate on the Givealittle page above before July 31st, 2019 you will go in the draw to
WIN 200 AIRPOINTS
thanks to Bayleys in the North.
In addition, Gabrielle is proud to be hosting two movie fundraiser evenings at Matakana Cinema with incredible raffle prizes donated by the local community. All proceeds will go towards CCNZ, specifically Camp Purple Live 2020, an outdoor camp for children with Crohns and Ulcerative Colitis. If you’re looking for a fun outing this winter please get in contact for tickets on 021 567 573 or email@example.com
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