Press Release – REINZ Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 258 fewer lifestyle property sales (-10.3%) for the three months ended June 2021 than for the three months ended May 2021. Overall, there were 2,241 lifestyle …
Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 258 fewer lifestyle property sales (-10.3%) for the three months ended June 2021 than for the three months ended May 2021. Overall, there were 2,241 lifestyle property sales in the three months ended June 2021, compared to 1,223 lifestyle property sales for the three months ended June 2020 (+83.2%), and 2,499 lifestyle property sales for the three months ended May 2021.
Press Release – REINZ
Median prices for residential property across New Zealand increased by 28.7% from $637,000 in June 2020 to $820,000 in June 2021, 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.
All regions bar Gisborne/Hawke’s Bay reached new highs on the index. In June, Manawatu/Wanganui had the highest annual growth rate in house price values with a 48.7% increase to a new record index level of 5,049. The first region to cross the 5,000 mark meaning that the value of houses in Manawatu/Wanganui has increased by more than 400% since 2003.
Press Release – REINZ Median prices for residential property across New Zealand increased by 28.7% from $637,000 in June 2020 to $820,000 in June 2021, according to the latest data from the Real Estate Institute of New Zealand (REINZ), source of the most complete and …
Median prices for residential property across New Zealand increased by 28.7% from $637,000 in June 2020 to $820,000 in June 2021, 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.
Additionally, 5 out of 16 regions reached new record median prices, 1 region saw an equal record and 20 districts reached new record median highs.
Gisborne and Manawatu/Wanganui were ranked as the second-equal best performing regions for investors. The median price in Gisborne increased by 39.5 per cent, from $430,000 to $600,000, which meant it had the largest capital gains in the country for the quarter. But at 3.6 per cent its yields were in eighth place. Manawatu/Wanganui had the third-highest capital gains, with its median price up by 29.4 per cent from $425,000 to $550,000. It had the sixth highest yield at 3.8 per cent. Taranaki and Hawke’s Bay rounded out the top five investor hotspots while Southland, which has often been highly ranked, dropped back to eighth place.
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