Auckland's house value increases slowed to almost snail's pace last month, up less than 1 per cent.
Quotable Value has just released the latest quarterly and monthly data and, as expected, Auckland was up only marginally by 0.2 per cent in December.
December and January are usually the slowest months of the year for the housing sector, due to the holidays and Barfoot & Thompson data out last week also showed a marked decrease in activity.
But over a longer time-frame, Auckland values continued to rise fast.
"Home values in the Auckland region increased 22.5 per cent or $171,406 from $761,858 at December 2014 to $933,264 at December 2015," QV said.
"They rose 4.1 per cent over the past three months but only 0.2 per cent over the final month of the year. They are now 70.8 per cent higher than the previous peak of 2007," QV said in a commentary headed 'Year-end sees Auckland housing market slow while other centres on the rise'.
Auckland region's average current value now stands at $933,264, more than double Wellington's $476,634 and well above New Zealand's average $558,146.
North Shore values now stand at $1,089,745, up 22 per cent annually and 3.6 per cent in the last three months to December compared to the previous three months.
Following the introduction of the new measures in October and November, the rate of growth in the Auckland market slowed, while values in many other centres including Wellington and Dunedin saw significant value increases in the three months of the year.
Auckland City values are now $1,095,838, up 20.7 per cent annually and 3.7 per cent in the last quarter.
"Sales data for the final month of the year is sending mixed messages as to where the market will head in 2016," said Peter Thompson.
"The average sales price for December at $869,492 was down only 0.8 percent on November's record average price while the median price rose to an all-time high of $800,000, up 0.6 percent on that for November.
"From a price perspective, the market was rock steady.
"Sales for the month at 796 were 19.3 percent lower than in November, and it was the lowest number of sales in a December for 4 years.
December's sales were also the lowest in any month for the past 22 months.
"While in December new listings at 757 were down 55 percent on those in November, this level of decline is quite normal and they were the highest in a December for 4 years.
"The factor most likely to impact on January sales was the extremely low number of listings at the end of December which, at 2431, was down 25.2 percent on those in November, and the lowest number for any month for more than 20 years.
"With a growing population and the number of new builds failing to keep pace with demand, competition for properties is likely to remain strong in the first quarter of 2016.
"January's sales data is always influenced by the summer holiday period, and it is likely to be mid March - when February's sales data is available - that a clearer understanding of prospects for 2016 emerge.
"What is clear, however, is that with so few properties on the market, now is an excellent time to list.
"In December, 278 properties sold for in excess of $1 million and a further 202 for in excess of $750,000.
"Sales of properties in the under $500,000 price category were 44, representing 5.5 percent of all sales.
"In 2015, the average sale price of homes for the full year was $817,096, an increase of 14 percent on that for 2014, and 25.8 percent over 2013's average sales price.
"The median price for 2015 was $755,333, 17.4 percent higher than 2014's median price and 30.5 percent higher than that for 2013."
Time period Number of sales* Total value of sales
December 2015 796 properties $692,115,749
December 2014 1,050 properties $796,836,136
12 months to December 2015 13,729 properties
$11,153,975,411
12 months to December 2014 12,009 properties $8,580,259,542作者: kaiser2006 时间: 2016-1-13 17:30:20
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