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  • Auckland values rise ahead of Christmas11 December 2014

    Jonno Ingerson, Director of Research, CoreLogic Christmas is nearly here, and like many of us the property market will go on holiday for a few weeks. So let’s look at what has been happening in the lead-up to the break. The latest CoreLogic-QV monthly house price index shows another month of accelerating values. Last month we saw values in the main centres outside Auckland begin to increase again after a few months of decline. This month that trend has continued in what appears to be a new surg...

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  • Auckland property values accelerate again 4 December 2014

    Sorry folks, Auckland is headline news again, with property prices continuing to climb in the overheated property market. Seasonality does have a part to play with an increase in listings across the country as the weather gets warmer. The latest monthly QV Residential Price Movement Index shows that nationwide residential property values for November have increased 5.1% over the past year and 0.7% over the past three months.  This means they are now 16.7% above the previous market peak of late ...

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  • Values increasing in all main cities14 November 2014

    Jonno Ingerson, Director of Research, CoreLogic NZ Ltd. What a difference a month makes. A month ago the (QV-CoreLogic house price index) was showing that nationwide values had continued to slow their rate of increase. All the main centres, apart from Auckland, had been dropping in value for several months. The latest index for October 2014 shows a rather dramatic turnaround, with values increasing again in all main cities. Up until last month, the rate of value increase in Auckland had slowed ...

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  • 2014 Auckland Rating Values Now Live10 November 2014

    Auckland Rating Valuations are now live on QV.co.nz. Rating Values will be available for registered users to download for free until December 19, 2014.  Any questions or concerns in regards to rating values can be directed to Auckland Council on 09 301 0101 or online via the Auckland Council Website.

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  • Residential property values increase at slowest rate in two years7 November 2014

    The latest monthly QV Residential Price Movement Index shows that nationwide residential property values for October have increased 5.9% over the past year and 1.1% over the past three months which is the slowest rate since October 2012.  This means they are now 16.9% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 4.8% and values remain 0.2% below the 2007 peak.   The Auckland market has increased 9.2% year on year, 2.5%...

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  • Election result brings renewed activity to the residential property market 6 October 2014

    The latest monthly QV Residential Price Movement Index shows that nationwide residential property values for September have increased 6.4% over the past year and 1.1% over the past three months.  This means they are now 16.2% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 4.7% and values remain below the 2007 peak by 0.5%.  The Auckland market has increased 10.3% year on year and values are up 33.8% since 2007.  When adj...

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  • Residential property value increases continue to slow4 September 2014

    The latest monthly QV Residential Price Movement Index shows that nationwide residential property values for August have increased 6.9% over the past year and 1.7% over the past three months.  This means they are now 15.8% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 5.2% and values remain below the 2007 peak by 0.8%. The Auckland market has increased 11.4% year on year and values are up 33.0% since 2007.  When adjuste...

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  • Residential property value increases slowdown7 August 2014

    The latest monthly QV Residential Price Movement Index shows that nationwide residential property values for July have increased 7.6% over the past year and 2.3% over the past three months.  This means they are now 15.6% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 5.9% and values remain below the 2007 peak by 0.9%. The Auckland market has increased 11.7% year on year and values are up 31.8% since 2007.  When adjusted ...

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  • Property values still rising in Auckland while nationwide picture is mixed 7 July 2014

    The latest monthly QV Residential Price Movement Index shows that nationwide residential property values for June have increased 8.0% over the past year, and 2.1% over the past three months.  This means they are now 15.0% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 6.3% and values remain below the 2007 peak by 1.3%. The Auckland market has increased 12.3% year on year and values are up 31.4% since 2007.  When adjusted...

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  • What's happening at the lower end of the market?6 June 2014

    Jonno Ingerson, Head of Research, CoreLogic There has been some talk that the LVR speed limits have caused a dramatic drop in sales at the lower end of the market. It seemed to me that in the current rising market the actual number of properties worth less than say $400k would be decreasing, so it should be no surprise that the number of sales would also drop. Based on our E-Valuer, which gives an estimate of current market value for every property, we can see that a year ago there were 714,000...

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  • Nationwide property values continue to rise6 June 2014

    The latest monthly QV Residential Price Movement Index shows that nationwide residential property values for May have increased 8.2% over the past year, and 0.7% over the past three months. This means they are now 13.9% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 6.6% and values remain below the 2007 peak by 2.2%. The Auckland market has increased 13.1% year on year and values are up 30.6% since 2007. When adjusted fo...

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  • Property values rise again after a period of flattening off8 May 2014

    The latest monthly QV Residential Price Movement Index shows that nationwide residential values for April have increased 8.4% over the past year, and 0.2% over the past three months.  This means they are now 13% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 6.8% and values remain below the 2007 peak by -2.9%. The Auckland market has increased 13.9% year on year and values are up 29.2% since 2007.  When adjusted for infl...

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  • Free weather info on any property in NZ5 May 2014

    When it comes to buying we all know that whether a property gets any sun and where it hits throughout the day is pretty important to us Kiwis.  So, thanks to our partnership with GNS Science and data from NIWA, we are the first to have weather information on every single property across the country, and not just at a suburb level.   Better yet it’s all in one place and it’s free.     How to find weather info on a property Now when you search a property or suburb, you can see all the weather inf...

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  • LVR caps continue to affect first home buyers8 April 2014

    In February CoreLogic looked at the early affects of the LVR speed limits introduced by the Reserve Bank in October 2013.  At the time, we could see that first home buyers had dropped overall across the country and in most of the main centres also.  With an extra month of data to look at, this trend is still evident with first home buyers dropping nationally by another 1.1% and Auckland City being one of the only main centres that hasn’t followed the trend.   To measure the change before and af...

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  • Residential property value growth plateaus7 April 2014

    The latest monthly property value index shows that nationwide residential values for March have increased 8.8% over the past year, and 0.1% over the past three months.  This means they are now 12.6% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 7.0% and values remain below the 2007 peak by 2.8%. The Auckland market has increased 14.3% year on year and values are 28% above the previous peak.  When adjusted for inflation ...

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  • Are apartments becoming more popular?7 March 2014

    Most people would say that Kiwis love the idea of having a house with a garden, a piece of land the kids and dog can run about on.  Apartments on the other hand, although presenting a low maintenance option, have definitely been the underdogs when it comes to what home buyers are looking for.  CoreLogic takes a look at whether this sentiment is changing, namely in Auckland, and whether apartments are now a more common option. A good place to start is to focus in on Old Auckland City, which has ...

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  • LVR caps take effect as residential property value growth slows 6 March 2014

    The latest monthly property value index shows that nationwide residential values for February have increased 9.3% over the past year, and 1.8% over the past three months.  This means they are now 13.1% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 7.5% and values remain below the 2007 peak by -2.6%. The Auckland market has increased 14% year on year and values are 27.3% above the previous peak.  When adjusted for inflat...

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  • First home buyers decline10 February 2014

    Following the introduction of the LVR speed limits by the Reserve Bank in October, there was an expectation that the number of first home buyers would decline. The latest data produced by CoreLogic shows that first home buyer activity declined in December and January. For most of the previous two years the percentage of sales in a month that could be attributed to first home buyers sat at around the 20% mark. In December this dropped to 19% then in January dropped further to 18%. This is the lo...

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  • Property value growth rate slows10 February 2014

    The latest monthly property value index shows that nationwide residential values for January have increased 9.6% over the past year, and 2.2% over the past three months.  This means they are now 12.8% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 7.9% and values remain below the 2007 peak by 2.8%. The Auckland market has increased 14.5% year on year and values are 27.2% above the previous peak.  When adjusted for inflat...

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  • Value increases likely to slow in 201414 January 2014

    Nationwide residential property values increased further in December according to the latest monthly property value index. Values are up 3.0% over the past three months, 10.0% up over the past year, and 12.5% above the previous market peak of late 2007.     Jonno Ingerson, QV.co.nz Research Director said “nationwide values increased steadily throughout 2013, with the year ending 10.0% above the previous year. As was the case in 2012, most of the nationwide increase in values was driven by stron...

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  • Holiday shutdown23 December 2013

    Just to let you know that our Customer Support Team will be unavailable from 6pm Tuesday 24 December until 8am Monday 6 January.  Also, between 5pm on Tuesday 24 December and Monday 6 January, title document ordering will be unavailable.  If you have any questions in the meantime please feel free to contact us.

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  • LVR changes starting to have an influence9 December 2013

    The latest monthly property value index shows that nationwide residential values for November have increased 9.2% over the past year, and 2.5% over the past three months.  This means they are now 11% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 7.7% and values remain below the 2007 peak by 4.3%.    The Auckland market has increased 15.2% year on year and values are 25.4% above the previous peak.  When adjusted for infl...

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  • A new way of measuring the number of first home buyers2 December 2013

    For the first time there is now a comprehensive and reliable way to measure exactly how many sales are by first home buyers. This is thanks to new analysis carried out by PropertyIQ, the market leading property information, data and analytics company. The analysis looks at every property transaction across the country for the last ten years then identifies whether the new owners were first home buyers, movers, or property investors. Although the base data has long been available, it is only rec...

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  • PropertyIQ and Terralink merger cleared29 November 2013

    The Commerce Commission has cleared the merger between PropertyIQ and Terralink International, with the new business to be known as CoreLogic NZ Limited, to reflect its membership of the global CoreLogic business. The leading New Zealand property intelligence and geospatial data companies announced in July that they had agreed to merge their operations to create one company with complementary, innovative, technology-based services. Based in the United States, CoreLogic is a leader in business d...

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  • Investing basics – Top 5 things to consider18 November 2013

    Investing in property can be a lucrative game if you get the details right and the market dynamics at the time suit what you are trying to achieve. Top 5 things to consider when looking to invest: 1.    What you want to achieve.  By deciding what you want to achieve, you will have a better idea of how to tailor your plan going forward.   Things to think about include: Do you want to buy a rundown place, do it up and flick it on relatively quickly?  Or do you want to invest in properties to then...

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  • Too early to assess the impact of LVR caps7 November 2013

    The latest monthly property value index shows that nationwide residential values for October have increased 8.9% over the past year, and 2.7% over the past three months.  This means they are now 10.4% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 7.4% and values remain below the 2007 peak by 4.8%. The Auckland market has increased 14.5% year on year and values are 23.7% above the previous peak.  When adjusted for inflat...

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  • PropertyIQ has changed its name4 November 2013

    For many years PropertyIQ, owners and operators of QV.co.nz, has been the market leading data and analytics company.  We utilise our in-depth knowledge and experience of New Zealand’s property market with leading technology to deliver insight and advantage. PropertyIQ is in the process of becoming more closely aligned with our parent company CoreLogic in the United States, and as a result we have officially changed our company name to CoreLogic Limited.  Over the coming months you will see more...

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  • Lending restrictions now in place as values continue to rise9 October 2013

    The latest monthly property value index shows that nationwide residential values for September have increased 8.4% over the past year, and 2.6% over the past three months, and so are now 9.2% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops a little to 7.7% and values remain below the 2007 peak by 4.9%. The Auckland market has increased 13.6% year on year and values are 21.3% above the previous peak. When adjusted for inflation values...

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  • Sum insured – Who can help23 September 2013

    Whether you need help with reaching your final sum insured figure for your insurance company or are just looking to chat to someone for some general information or advice, there are several people you can turn to. Your insurance company.  Your insurance company should be able to give you some help regarding what they require, especially in relation to any of your policy details and premiums. A Registered Valuer.   A Registered Valuer will be able to help you determine a figure for your sum insu...

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  • Sum insured – Calculating your sum insured figure23 September 2013

    Using a specific calculator is an easy way to get a better understanding of the rebuild cost of your home.  It does require a fair bit of information and some you might not know off the top of your head.  So we’ve put together a list of things you will need to consider and find out before you start. Completion time.  It can take a fair amount of time depending on your knowledge of your property.  The Cordell’s calculator for example says around 10 minutes so give yourself adequate time to sit d...

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  • Sum insured – Are my premiums going up?23 September 2013

    With the decision by most insurance companies to move to sum insured for house insurance, the first question on everyone’s lips was “Does this mean my premiums will go up?” After the Canterbury earthquakes, it was quickly evident that the insurance companies were going to take a major hit.  As is life, policy changes and premiums changed quickly as a result and it was inevitable that premiums were going to increase.  This year already nearly all policy holders have seen an increase in premiums....

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  • Sum insured – The top 5 things you need to do23 September 2013

    So you’ve read up on the basics of sum insured and the changes that may affect your house insurance, but now what?  Here, we’ve put together the top 5 things you need to do when looking at your house insurance.   1.     When your policy is up for renewal this year, your insurer may provide an estimated sum insured figure for your policy.  This will be based on what they know about your property already, but may not be exact to your situation, especially if you have any unusual or character feat...

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  • Sum Insured – What you need to know 23 September 2013

    Buying a house is one of the biggest decisions you’ll ever make, whether it’s your first home or you’ve had a few already.  Naturally getting the right level of insurance cover is essential in case disaster strikes – you only have to ask the people in Canterbury that were affected by the Earthquakes how important it is. Throughout 2013, most insurance companies have been in the process of moving away from their previous method of working out your insurance cover, which was based on an unspecifi...

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  • LVR caps unlikely to dramatically slow down property values9 September 2013

    The latest monthly property value index shows that nationwide residential values continued to increase in August. Values have increased 8.5% over the past year, with an increase of 2.9% over the past three months.  Values are now up 8.3% over the previous market peak of late 2007.     Jonno Ingerson, QV.co.nz Research Director said “Auckland and Canterbury are still driving the national increase in values, with the other main cities seeing limited growth.  The provincial centres have tended to ...

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  • The hot spots of Auckland and Christchurch9 September 2013

    We talk a lot about how the market is going and which parts of the country are growing in value, and for good reason.  But this time we thought we would show you instead. And since it is Auckland and Christchurch driving up the nationwide value, we have focused in on these two areas. We have calculated the average current market value for each suburb and seen how that has changed over past year to 1 September. We calculate the average value for each suburb by running an E-Valuer for every prope...

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  • Auckland vs rest of country - a more detailed look4 September 2013

    Jonno Ingerson, Research Director Property As published in NZ Herald Property Report, 2 September 2013   We all know the Auckland property market has been competitive. But is Auckland really that different to the rest of the country? We take a look at the key elements of the market to sensibly see whether the hype is justified. There are nearly 418,000 houses, flats and apartments in the Auckland supercity. This means Auckland comprises 31.1 per cent of the country by number of properties. You ...

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  • Finding a home: How KiwiSaver can help you28 August 2013

    Many of us have opted into KiwiSaver to help create a little nest egg for our retirement.  But you can actually tap into that money if you are looking to buy your first home.  This can be a great stepping stone into living the kiwi dream and owning your own property. Basically, you can take up to $5,000, which could really help you on your way.  And if you are a couple you could both qualify, entitling you to $10,000. It does come with certain conditions though, including: 1.  You must have bee...

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  • QV announces change to PropertyIQ shareholding22 August 2013

    Today, Quotable Value (QV) has announced that they will be selling part of its shareholding in PropertyIQ. This will see QV’s shareholding reduce to 40% and will lift RP Data’s shareholding in the company from to 60%. PropertyIQ and are the market leaders in property data and analytics and as owners and operators of QV.co.nz, PropertyIQ help you to make smart property decisions by giving you access to a range of property information and valuation services. PropertyIQ also work with a broad rang...

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  • Are there a large number of cash buyers in the market? 20 August 2013

    There has no doubt been some anecdotal stories around foreign buyers coming to New Zealand and buying up large – some saying they are forgoing due diligence, others saying they are paying exaggerated prices in order to get the property they want, or both.   Each time there is always talk of foreign buyers trumping locals with cash in hand.  This has been predominantly in the Auckland market, where prices are hot and the competition for property has been increasing. While we can’t specifically n...

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  • Auckland values streets ahead8 August 2013

    The latest monthly property value index shows that nationwide residential values increased in July once again. Values increased 8.1% over the past year, with an increase of 3.1% over the past three months.  Values are now up 7.5% over the previous market peak of late 2007.     Kerry Stewart, QV Operations Manager said “Values continue to rise, although still primarily driven by Auckland and Christchurch.  Most of the rest of the main centres are also increasing but at a much slower rate. Many o...

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  • How fast is the current property market rising compared to the past?8 August 2013

    A lot has been said of the government and Reserve Bank looking to temper the heated property market with LVR caps and other such measures.  Although property values have been growing in Auckland at a stronger rate over the past few years, and many buyers have been struggling with the current market conditions, this may be in no way unusual.  So, how inflated is the market really?  We can judge this by looking at and comparing how the market has fared over previous property cycles.  The graph be...

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  • Earthquake proofing your home22 July 2013

    New Zealand has had a bit of a rocky time over the last few years.  With Christchurch obviously bearing the brunt of it, and now Wellington and other central areas starting to get the shakes as well, earthquake proofing your home is something you need to do.   But what can you do?  Although not fail safe, here are a few tips that may help your possessions stick it out. Stick it down.  Any possessions, especially ornaments or things that are easily broken, can be stuck down with Blu Tack, or sim...

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  • Dealing with the stress of buying22 July 2013

    When you are buying a property, there are all too many people reminding you it’s the biggest financial decision you will ever make.  And for good reason.  But this can also cause a lot of extra unwarranted stress, especially if it’s your first time. You’ve found a property you’re interested in and it ticks all the boxes, now comes the “fun” part – making sure you are the winning buyer.  Depending on how the house is being sold, a certain degree of stress will probably ensue.    Auctions and ten...

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  • No sign of a slowdown9 July 2013

    The latest monthly property value index shows that nationwide residential values increased further in June. Values increased 7.6% over the past year, with an increase of 2.8% over the past three months.  Values are now up 6.2% over the previous market peak of late 2007.   Kerry Stewart, QV Operations Manager said “Nationwide values continue to increase although only about half as quickly as they did in the years leading up to the 2007 market peak. Auckland values however are increasing at a fas...

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  • Free property market stats9 July 2013

    Whether it’s detailed local info or a bigger picture view, we have a range of new, helpful statistics and tools that can tell you more about local suburbs, cities and different regions.  Here are some of the tools and features you should check out:   The big picture: New Zealand stats map Found on our homepage, our monthly residential house value stats are now easily mapped out across the country for you.  Simply hover over the area you want information for and it will automatically appear to t...

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  • Welcome to our new website!28 June 2013

    Today we’re excited to announce a brand new QV.co.nz.  Things look very different, but you still have access to the same property information and deal with the same people as you did previously, you just have a much smarter website for your property information.  To help find your way around, you can watch our video or download some quick tips.   Site improvements We have made the site easier to use, including a one-line address search at the top of every page, and added My QV, a new section wh...

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  • Supply and demand drive up values10 June 2013

    The latest monthly property value index shows that nationwide residential values increased further in May. The annual change in values remains 7.1%, with an increase of 1.7% over the past three months.  Values are now up 5.0% over the previous market peak of late 2007.   Jonno Ingerson, PropertyIQ Research Director said “Nationwide values continue to climb strongly, but that isn’t the case right across the country. Values are increasing fastest in Auckland and to a lesser extent Christchurch, w...

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  • Are auctions the most successful way to sell?3 June 2013

    Jonno Ingerson, Research Director PropertyIQ As published in New Zealand Herald Property Report, 4 March 2013.  Also see market update below.   When it comes time to sell, vendors have a variety of ways to sell their house, such as tender, auction, asking price, negotiation, expression of interest and enquiries over.  Which one will suit you will take into account a multitude of factors but we take a look at how different methods have fared relative to the sale price achieved. When we look at o...

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  • How realistic is selling above your CV? 9 May 2013

    Last month we looked at how likely sellers are to reach their asking price in comparison to the price the list their property for.  To go one step further, we have delved into what suburbs and areas are most and least likely to sell property for above the Capital Value (CV).  This is based on sales this year in January through to March.   Top 10 areas Looking at the top 10 areas and suburbs relative to CV, Auckland features heavily with 5 Auckland districts in the top 10 areas and 9 out of the ...

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  • Optimism across the country9 May 2013

    The latest monthly property value index shows that nationwide residential values increased further in April. Values are up 4.0% above the previous market peak of late 2007, with a 1.3% increase over the past three months and a 7.1% increase over the past year. The increase in nationwide values is now being driven by all the main centres, not just Auckland and Canterbury. The value increases in the other main centres is much slower than in Auckland and Canterbury, but the trend is definitely pos...

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  • Are you likely to sell for above your asking price?9 April 2013

    Sale prices across the country fluctuate. That's a given. It can depend on a variety of different factors including the condition of the property, the market at the time and even how the property is marketed and sold. But when it comes time to sell, do we really expect to get our asking price? We've taken a look at the sale prices of houses across the country and compared them to their listing price. We can't factor in tenders or auctions, as these have no listed price, so this will only equate...

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  • Signs that main centres may be slowing9 April 2013

    The latest monthly property value index shows that nationwide residential values increased further in March. Values are up 3.3% above the previous market peak of late 2007, with a 1.3% increase over the past three months and a 6.5% increase over the past year.   Jonno Ingerson, PropertyIQ Research Director said “nationwide values are still increasing although there are signs that the rate of increase has slowed in the last month or two in Auckland, Hamilton, Christchurch and Dunedin. However it...

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  • Most main centres rising8 March 2013

    The latest monthly property value index shows that nationwide residential values increased further in February. Values are up 3.2% above the previous market peak of late 2007, with a 1.7% increase over the past three months and a 6.3% increase over the past year.   Jonno Ingerson, PropertyIQ Research Director said “A few months ago the nationwide increase in values was mainly driven by Auckland and Canterbury. However, the rest of the main cities and provincial centres are now also increasing i...

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  • Signs that Auckland values are slowing8 March 2013

    Jonno Ingerson, Research Director PropertyIQ As published in New Zealand Herald Property Report, 4 March 2013.  Also see market update below.   For the past two years house prices in Auckland have been increasing. According to our latest House Price Index, values across the wider Auckland area rose 10.2 per cent in the past year to the end of January, and 5.1 per cent in the year prior to that. These increases, along with parts of Canterbury where house prices are lifting strongly because of th...

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  • Values increasing throughout most of the country11 February 2013

    The latest monthly property value index shows that nationwide residential values increased further in January. Values are up 1.5% over the past three months, 6.2% up over the past year, and 2.6% above the previous market peak of late 2007.   Jonno Ingerson, PropertyIQ Research Director said “it has been a relatively strong start to the year for the property market, carrying on from the increased activity we saw in late 2012. There has been plenty of buyer enquiry and sales activity throughout J...

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  • Top and bottom sales 2012 11 February 2013

    2012 was an interesting year for the property market. New Zealand’s property values really started to take off again, spurred on by the Auckland and Christchurch markets. But what did properties really sell for? We look across the country at the two highest and two lowest sales prices in 2012.   Highest sale prices in 2012   Lowest sale prices in 2012   These are residential properties only, including houses, flats and apartments but excluding vacant land. These sales are also open market, so e...

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  • Nationwide values driven by Auckland 10 January 2013

    Nationwide residential property values increased further in December according to the latest monthly property value index. Values are up 1.5% over the past three months, 5.7% up over the past year, and 2.0% above the previous market peak of late 2007.   Jonno Ingerson, PropertyIQ Research Director said “Looking back over 2012 the increase in national values was predominantly driven by Auckland and to a lesser extent Christchurch. These were also the only two areas to have consistently increased...

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  • Christmas a key time for the property market  11 December 2012

    The latest monthly property value index shows that nationwide residential values increased further in November. Values are up 1.9% over the past three months, 5.7% up over the past year, and 1.5% above the previous market peak of late 2007.   Jonno Ingerson, PropertyIQ Research Director said “the increase in nationwide values continues to be driven primarily by Auckland and Canterbury where demand continues to outstrip supply. Across the rest of the country values have been steady or increasing...

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  • Spring buyers keen but supply tight8 November 2012

    The latest monthly property value index shows that nationwide residential values continued to climb in October. Values are up 1.9% over the past three months and 5.7% over the past year. As a result, values are now 1.1% above the previous market peak of late 2007.   Jonno Ingerson, PropertyIQ Research Director said “there has been a late spring surge in activity with both buyer enquiry and the number of sales having risen. However, a lack of listings is constraining the market, particularly in ...

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  • The not so elusive million dollar property 8 November 2012

    With the population growing and house prices recovering in some areas after the financial down turn, is a million dollar property really that remarkable anymore? It’s still a big figure for most, no doubt there, but is it becoming more and more familiar to see them, to the point where it’s a non event? Judging from the amount of houses in New Zealand that are worth over $1 million, it is probably more common than most think. There are simply a lot around – over 40,000 in fact. Our data shows th...

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  • Nationwide values slowly climb but buyers cautious9 October 2012

    Residential property values have continued to gradually increase at a nationwide level according to the latest PropertyIQ index for September. Values are up 1.8% over the past three months and 5.3% over the past year. As a result values have now edged ahead of the previous market peak of late 2007.   Jonno Ingerson, PropertyIQ Research Director said “while nationwide values have been slowly increasing for over a year now, we need to put this into context.  The rate of value increase is relative...

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  • More of the same for the property market11 September 2012

    Nationwide residential property values continue to rise according to the latest PropertyIQ index for August. Values have risen 1.6% in the past three months, 4.8% over the past year, and are now only 0.4% below the market peak of 2007.   Jonno Ingerson, PropertyIQ Research Director said “the main centres continue to lead the growth in national values, with values increasing fastest in Auckland. Wellington and Tauranga are the notable exceptions, with values in both remaining steady for the past...

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  • Christchurch property market update11 September 2012

    With the second anniversary of the September quake having just passed, the Christchurch property market is showing little signs of slowing. This is despite the initial “haze” that was caused, especially between the September 2010 and February 2011 quakes, having now cleared and residents have started to reconstruct their lives and their homes.   Changing values across Christchurch Although we do not have a house price index defined by zone or suburb groups within Christchurch, another effective...

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  • Main cities up, provincial centres flat9 August 2012

    Nationwide residential property values have risen again in July according to the latest QV index. Values are up 2.2% over the past three months, 4.6% up over the past year, and are now only 0.8% below the previous market peak of late 2007. In inflation adjusted terms values are 13.1% below peak.    Jonno Ingerson, PropertyIQ Research Director said “the relatively strong increase in nationwide values can be attributed primarily to an increase in the main centres, particularly Auckland and Christ...

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  • How long people are holding on to houses for?9 August 2012

    Over the last few years the number of house sales has dropped considerably from the level we saw during the property boom of 2003 to 2007. That should mean that people are now holding onto their properties for longer rather than selling. One way to look at that is to measure the average number of years that houses have been owned based on the sales each year. In other words, for all the sales that occurred in say 2004, we can measure how long since each property last sold, then take an average ...

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  • Main centres push national values up10 July 2012

    Nationwide residential property values have risen again in June according to the latest QV index. Values are up 1.8% over the past three months, 4.2% up over the past year, and are now only 1.3% below the previous market peak of late 2007.   Jonno Ingerson, PropertyIQ Research Director said “all the main centres have increased in value over the past year, and all apart from Wellington have increased over the past three months. The fastest increasing areas are Auckland and Christchurch. There is...

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  • Property values increasing across the country12 June 2012

    Nationwide residential property values have risen again in May according to the latest PropertyIQ index. This is after values had remained relatively steady for a couple of months. As a result values are up 1.0% over the past three months, 3.9% up over the past year, and are now 2.0% below the previous market peak of late 2007.   Jonno Ingerson, PropertyIQ Research Director said “most of the main cities and towns have increased in value over the past month, with Auckland leading the way. This m...

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  • Nationwide property values resume gradual climb10 May 2012

    Nationwide residential property values resumed their gentle rise in April according to the latest PropertyIQ index. Values are up 0.4% over the past three months and 3.1% up over the past year. Values are now 2.9% below the previous market peak of late 2007.   PropertyIQ Research Director, Jonno Ingerson said “nationwide values have once again increased slightly in the past month, continuing the trend that has persisted for the past year. The marginal drop in values in March appears to have bee...

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  • Property values vary across the country12 April 2012

    Nationwide residential property values eased slightly in March according to the latest PropertyIQ index. Despite the slight drop in the last month, values are still up 0.5% over the past three months and 3.0% up over the past year. Values are now 3.0% below the previous market peak of late 2007. PropertyIQ Research Director, Jonno Ingerson said “the marginal drop in values last month follows a year of slight month on month increases. These increases were driven initially by Auckland and Canterb...

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  • Changing house values by area type10 January 2012

    At a national level property values rose throughout most of 2011 to end the year 3.5% below the previous market peak of late 2007. But there are differences in the residential housing markets between the urban, provincial and rural areas. We have taken all the council areas around the country, grouped them depending on the predominant nature of the area, then calculated a QV residential index for each to track changing values over time. The urban areas include Auckland (North Shore to Manukau),...

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  • What's the top suburb in the region nearest you?12 October 2011

    The following table outlines the top five suburbs in the main regions of New Zealand based on the percentage of change of the value of property over the last 12 months. To identify this, we have calculated a E-Valuer report for every property in every suburb. From this we determine average percentage change in value over the past 12 months and then, compare this to the change in other suburbs in that region to determine which is top.   Region Suburb Current Value Value change in the last 12 mon...

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  • Average house size by age10 May 2011

    The average size of a house in New Zealand, based on floor area, is 149 square metres. This has generally increased over time, with houses built recently being over 50% larger than houses built in 1900. Based on the decade built, houses had an average floor area of just under 132 square metres in 1900, while houses built since 2010 are on average 205 square metres.   House sizes were relatively stable up until the 1930s and 1940s when the depression and war led to slightly smaller houses being ...

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  • Average house size by area12 April 2011

    The average size of a house in New Zealand, based on floor area, is 149 m2. This varies between districts, cities and towns, and varies even more between suburbs. At a district or city level the largest houses in the country tend to be in the main centres, in fringe areas with more space, or in areas with a high proportion of new houses. At the top of the list is Selwyn District with an average house size of just over 180 m2. Selwyn District stretches from just west of Christchurch City right a...

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  • The property market in Christchurch after the quakes8 March 2011

    The major quake on February 22nd has caused much more extensive damage to Christchurch than the September 4th quake. It is too early to say exactly what impact this will have on the housing market in Christchurch, although what happened between September and February may give us something of a guide. After the September quake, the number of house sales slowed dramatically for a few weeks, but then began to recover in subsequent months. New sales and those already in the pipeline in September we...

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  • Sales volume drop from peak by area8 February 2011

    One of the most notable features of the property market over the last three years has been how the number of sales has dropped. Across New Zealand the number of house sales in 2010 was only about half of the number sold in 2003 during the property boom. This drop in the number of sales has affected nearly every city, town and suburb, but we’ve taken a look at the areas that have done better or worse than the rest. While the number of sales in the main urban areas and provincial towns has droppe...

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  • Best and worst performing street types12 July 2010

    If you live on a street called The Strand then you’re on a street type that has the highest average house value – over $1.4m. At the other end of the scale, if your house is on a Line, Belt or Street then you’re street type is amongst the lowest valued. We’ve taken every street in the country, grouped them according to the street type, then calculated the average capital value of all the houses on those streets. We have ignored any street type that occurred fewer than 5 times or that had a tota...

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