Miriam Bell18:00, Jun 01 2021
RNZ
In November, Jacinda Ardern said: It just cannot keep increasing at the rate that it is when asked about rising house prices.
Tighter lending criteria, along with the Government’s new housing policies, are having an effect, with the rise in house prices slowing in May, the latest CoreLogic figures show. The average price nationwide was up 2.2 per cent to $890,848 in May, but that rate of increase was down from the 3.1 per cent in April, accoriding to CoreLogic’s House Price Index. While house prices gained 20.5 per cent in the year to May, up from 18.4 per cent in the year to April, this was due the economic impact of the nationwide alert level 4 lockdown.
Average house values in the Wellington region have topped 1 million but the latest CoreLogic House Price Index shows some slowdown in the growth of those values
Gisborne was the exception with a 14.8 per cent year-on-year increase in the amount of housing stock on its market. Realestate.co.nz spokeswoman Vanessa Williams said the general decline in housing stock was despite a 5.2 per cent year-on-year increase in new listings nationally and a booming building industry. New listings were up in 10 regions in May, with Gisborne and Marlborough recording the biggest increases at 56.4 per cent and 32.9 per cent respectively. But the year-on-year new listing figures might not be as promising as they first appeared, Williams said.
RNZ
The Housing Minister says there are so many different figures being thrown around - from 28,000 to 200,000 - that it s impossible to put a specific figure on it (video first published in February 2021).
Auckland property prices: Homeowners to get bombshell valuations: new date out
18 May, 2021 05:00 PM
5 minutes to read
House sells for double its valuation with 24 offers. Made with funding from NZ On Air.
House sells for double its valuation with 24 offers. Made with funding from NZ On Air.
NZ Herald
Auckland homeowners can expect a bombshell rise in their council valuations when city-wide revaluations are released later this year, a property lawyer says.
City house prices have soared 35 per cent since the last valuations in 2017, with Auckland Council revealing it now expects to issue new valuations – officially known as capital values or CVs – this October.