Harcourts Market Watch National Overview - July 2018
The latest national residential property figures from Harcourts NZ shows stability across most of New Zealand for July 2018.
The average national house price in July improved on last year’s July 2017 figure of $577,599 by 3.6% to now sit at $598,409.
The average house price in Auckland was $877,088 in June 2018, a decrease of 13.08% when compared to the same period last year.
What’s also been evident is the increase of new listings in the city, which were up by an impressive 37.29% compared to last year, from 472 to 648.
Wellington which includes Taranaki and Hawkes Bay, average house price has continued to rise and since last year has increased from $457,353 in July 2017 to $513,180 in July 2018. The city’s written sales have also seen a 2.96% upturn on 12 months ago.
Christchurch city is seeing uplifts across the board from this time last year and impressive increases in several key areas, i.e. auctions are on the rise from July 2017 by 42.2%.
The average house price has increased 13.8% on this period in 2017 with the July 2018 average sitting at $555,772.
Central Region, taking in Bay of Plenty and Waikato, saw good sales activity and a small dip in average sale prices. Written sales were up 18.3% on July 2017. The average sales price decreased 1.3% from $476,193 on the same period last year to now sit at $469,798.
In provincial South Island the average house price has increased by around $48K (12.6%) on the same period in 2017 with the July 2018 average sitting at $429,234.
There has been a notable 53.8% increase in listings for this same timeframe. It will be interesting to see how this filters through over the incoming months.
Harcourts NZ CEO Chris Kennedy says, “although it is not a trend in every province, overall nationally auctions have been on the increase in July. We urge anyone who is on the fence about their method of sale to remember that an auction’s greatest strength is that it will give you an accurate reflection of exactly where the market is and what your property is worth.’
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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36.6% The sting of a fine (Money talks!)
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63.4% The threat of demerit points (Nobody wants to lose their license!)
Scam Alert: Bank cold calls
ASB is warning customers about reports of cold calls from scammers claiming to be from ASB. These scammers are trying to obtain personal information, including usernames, dates of birth, and verification codes sent to your mobile phone.
🛡️ The "Caller Check" Test
If you get a call from someone claiming to be from ASB and you’re unsure, just ask them for a Caller Check. You will then be able to verify the call through the app.
Remember, banks will:
❌ Never ask for your banking passwords, PINs, or verification codes
❌ Never need to know your full credit card number – especially the CVC
❌ Never ask you to download software or remotely access your device
❌ Never ask you to purchase gift cards or transfer funds.
If you have received a phone call and think your account has been compromised, call ASB on 0800 ASB FRAUD (0800 272 372), or visit your local branch.
Some Choice News!
DOC is rolling out a new tool to help figure out what to tackle first when it comes to protecting our threatened species and the things putting them at risk.
Why does this matter? As Nikki Macdonald from The Post points out, we’re a country with around 4,400 threatened species. With limited time and funding, conservation has always meant making tough calls about what gets attention first.
For the first time, DOC has put real numbers around what it would take to do everything needed to properly safeguard our unique natural environment. The new BioInvest tool shows the scale of the challenge: 310,177 actions across 28,007 sites.
Now that we can see the full picture, it brings the big question into focus: how much do we, as Kiwis, truly value protecting nature — and what are we prepared to invest to make it happen?
We hope this brings a smile!
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