REINZ Press Release Jan 2018 Stats
Record breaking heat sees year-on-year sales volumes lift for first time in 7 months, says REINZ
As the mercury rose during January to produce the hottest month on record, sales volumes across New Zealand rose when compared to the same time last year for the first time in seven months according to the latest data from the Real Estate Institute of New Zealand (REINZ), source of the most complete and accurate real estate data in New Zealand.
The number of properties sold in New Zealand during January 2018 increased by 2.7% when compared to January 2017 (4,366 up from 4,251). The number of properties sold in Auckland increased 0.9% year-on-year to 1,157 up from 1,147.
Regions with the biggest increase in sales count year-on-year were:
• Nelson – up 27.9% (78 compared to 61 in January 2017)
• Canterbury – up 18.1% (607 compared to 514 in January 2017)
• Tasman – 15.8% (44 compared to 38 in January 2017)
• Gisborne – up 12.5% (36 compared to 32 in January 2017).
Bindi Norwell, Chief Executive at REINZ says: “January can often be a quiet month for the industry as people spend much of their time at the beach or the bach. However, clearly the warmer weather has helped sales, as it’s the first time we’ve seen a positive year-on-year sales increase in seven months.
“There were some really positive figures from around the country, with 11 out of 16 regions experiencing an increase in sales when compared to the same time last year. Additionally, Gisborne saw the highest number of properties sold in the month of January since January 2007,” continues Norwell.
House prices continue to be driven by strong regional growth
The median house price for New Zealand increased by 7.1% to $520,000, up from $485,500 in January 2017.
Auckland’s median price decreased by 1.2% to $820,000 down from $830,000 at the same time last year. The only other region to experience a price decrease year-on-year was West Coast, down 10.0% to $135,000.
January also saw two regions experience record prices:
• Otago – up 32.9% to $475,000
• Hawke’s Bay – up 18.4% to $438,000
END.
With house prices continuing to increase in Hawkes Bay it is still a good time to sell.
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Poll: If we want to reduce speeding, what do you think actually changes driver behaviour? 🛻🚨🚓
In the Post's article on speeding penalties, the question is asked whether speeding fines are truly about road safety, or are they just a way to boost revenue for the Crown?
What do you think? Should speeding motorists receive speeding fines or demerit points?
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37.1% The sting of a fine (Money talks!)
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62.9% The threat of demerit points (Nobody wants to lose their license!)
Nangs- Nitrous Oxide Sold To Our Kids
🚨 HAWKE'S BAY — OUR KIDS ARE AT RISK. IT'S TIME WE STOOD UP.
You've probably seen the empty canisters — on the footpath, at the park, outside the dairy. They're called nangs (nitrous oxide), and right now, they are flooding our community at a frightening rate. Community leaders, police, and Health NZ have already called it an epidemic right here in Hawke's Bay.
So what ARE nangs?
Nangs are large pressurised canisters of nitrous oxide gas, originally designed for whipped cream dispensers, now being sold at dairies and vape stores, and deliberately marketed to our young people. Each big canister contains roughly 300 hits of the gas. When inhaled, the gas deprives the brain of oxygen and can cause:
⚠️ Loss of consciousness — blacking out for 30 minutes or more
⚠️ Permanent nerve damage — numbness, weakness, difficulty walking
⚠️ Permanent brain damage from oxygen deprivation
⚠️ Vitamin B12 destruction — leading to serious neurological harm
⚠️ Fatal car accidents — Nangs have already contributed to road fatalities
Right here in Hawke's Bay, at least two people have already been admitted to the ED with nerve damage in just the past few months. These are our kids. Our whānau. Our neighbours.
Selling nangs recreationally is illegal in New Zealand — it carries up to 2 years imprisonment or a $500,000 fine. [They bypass the law by getting people to complete declarations of what they are going to use it for, with little or no checks on the truthfulness of the declaration]. Yet some local shops are still selling them. That ends now.
💪 HERE'S WHAT WE'RE ASKING YOU TO DO:
1. Find out which local stores are selling nangs — ask around, keep your eyes open
2. Do NOT spend a single dollar in those stores until they stop selling this product to our young people
3. Share this post so every family in Hawke's Bay knows what's going on
4. Talk to your kids about what nangs look like and why they're dangerous
5. Report retailers selling nangs to the NZ Medicines Enforcement team at Medsafe: 0800 444 472
Our community came together after Cyclone Gabrielle. We can come together again. Retailers — we are watching, and we will vote with our wallets. Stop selling nangs, or lose our business. It's that simple.
❤️ Share this post. Tag your friends. Protect our tamariki.
#HawkesBay #NangsNZ #ProtectOurKids #HastingsCommunity #NapierCommunity #SafeHawkesBay
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