Welcome to my newsletter, keeping you up to date with what property values are doing on the Hibiscus Coast and in the Rodney area.

 

During 2014 to 2016, in Auckland’s central suburbs (i.e. handy to transport, jobs & facilities) it has become a seller’s market with sales volumes and prices far exceeding 2007 levels. Auckland’s expanding population and lack of new building over recent years has fuelled the upturn.

The Hibiscus Coast has seen an average of over 100 sales each month in 2014 to 2016, with an average house sale price rising to the low $900,000’s.  This activity has been stoked by a steady economy and strong immigration figures, and is underpinned by very low interest rates.

In 2017 & 2018 there are some signs of the market flattening out with a noticeable reduction in sales volumes, tougher lending criteria from the banks and uncertainty around the general election leading to more subdued market conditions.

Below are the sales statistics for the last 10 years to show how prices have been tracking.

 

Hibiscus Coast Residential Statistics for September over 10 years
Year Median Price Total Sales Days to Sell

2008
2009
2010
2011
2012
2013
2014
2015
2016
2017

$475,000
$450,000
$467,000
$497,000
$515,000
$560,000
$602,000
$844,000
$785,000
$935,000

61
64
54
72
90
99
103
156
111
84

57
46
41
42
30
25
43
29
29
44

The latest statistics for the Hibiscus Coast for March 2018 show 143 house sales, with an average sale price of $875,000. (47 day average sales period) and 58 section sales with an average price of $460,000. (5 day average sales period).


Phone: 09 428 0608
Mobile: 027 208 0706
Email: jon@hbcvaluers.co.nz
Web: www.hbcvaluers.co.nz

Postal Address:
PO Box 75, Red Beach

Physical Address:
180 Vipond Road,
Stanmore Bay,
Hibiscus Coast, NZ