Property Insights Blog


Values continue to drop in Auckland & Hamilton, and slow elsewhere

Date: 03 March 2017

The latest monthly QV house price index confirms that values are continuing to drop in Auckland and Hamilton, and their rate of increase has slowed considerably in most other areas around NZ.     Delving into those index figures though, what’s really going on? And can history teach us anything? The reported drop or slowdown is reflected in the chart below. This shows the average value of the housing stock in our six main centres (based on the house price index) from 2003 to the present.     Ove...


Nationwide property values rise but Auckland, Hamilton and Christchurch drop

Date: 01 March 2017

The latest monthly QV House Price Index shows that nationwide residential property values for February increased 13.5% over the past year. Values rose by 1.1% over the past three months and the average value nationwide is $631,349. The nationwide average value is now 52.4% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 12.0% and values are now 28.5% above the 2007 peak.   Residential property values across the Auckland R...


Have the latest round of lending restrictions begun to impact values?

Date: 07 February 2017

The latest QV monthly house price index has just been released. I’m looking for any signs that the latest round of lending restrictions have begun to impact values. After all, you might expect that dramatically limiting people’s ability to get a mortgage would mean fewer people competing for properties and so the rate of value increase would slow, or even drop.   First of all it is worthwhile taking a look at the table below to see how much values have increased over the past year, and where th...


Auckland and Hamilton values ease while nearby regions see strong growth

Date: 01 February 2017

  The latest monthly QV House Price Index shows that nationwide residential property values for January increased 13.5% over the past year. Values rose by 1.4% over the past three months and the average value nationwide is $631,302. The nationwide average value is now 52.4% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 12.0% and values are now 28.5% above the 2007 peak.   The Auckland market has increased 12.8% year on ...


Recent changes affecting property buyers across the board

Date: 12 January 2017

Nick Goodall, Senior Research Analyst, CoreLogic NZ Ltd   The QV House Price Index stats are out for December and what most stood out for me was the drop in value month-on-month for 12 of the 72 cities/districts nationwide, perhaps most notably in Auckland as well as in Hamilton.    Upon reflection however, this stat isn’t completely surprising for two reasons. Firstly, we’d already seen a cooling off in the previous months - Auckland’s annual change had dropped from 15.9% in August to 12.8% in...


Property values drop in parts of NZ as the LVR takes effect

Date: 11 January 2017

The latest monthly QV House Price Index shows that nationwide residential property values for December increased 12.5% over the past year. Values rose by 1.3% over the past three months and are now 51.5% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 12.2% and values are now 28.5% above the 2007 peak. The average value nationwide is $627,905.   The Auckland market has increased 12.2% year on year which is the slowest rat...


The year in review

Date: 10 January 2017

Just before Christmas CoreLogic Senior Research Analyst Nick Goodall took time to review ‘the year that was’ in the property market and consider what 2017 may hold.       It was a year that saw many factors influence the property market to varying degrees, and 2017 will also bear the flow on effects of both international (Brexit and Trump) and local (a new Prime Minister, RBNZ restrictions and earthquakes) influences.   We experienced record low interest rates, significantly constrained supply ...


Dec 2016 - Jan 2017 Monthly Property Market & Economic Update now available

Date: 09 January 2017

THIS MONTHLY REPORT CREATED BY THE CORELOGIC NZ RESEARCH TEAM COVERS THE MAIN ECONOMIC FACTORS THAT INFLUENCE THE HOUSING MARKET, AND THEN LOOKS AT SALES VOLUMES, VALUES, AND ACTIVE BUYER TYPES IN BOTH THE NATIONAL AND MAIN CENTRE HOUSING MARKETS.   Some highlights of the December 2016 - January 2017 report: Nationwide residential property continues to increase in value and has now ticked over the 1 trillion dollar mark – a significant figure, especially when you consider the value of other ass...


Whanganui District residential property values rise 5.0% since 2013

Date: 21 December 2016

The Whanganui District Rating Revaluation for 2016 is now confirmed and property owners will soon receive a 2016 Notice of Rating Valuation with an updated rating value for their property.   The rating valuations for 21,400 properties are prepared on behalf of the Whanganui District Council by Quotable Value Ltd (QV).   Rating valuations are fit for purpose valuations carried out on all properties in New Zealand, usually once every three years to help local councils set rates for the following ...


Buller District rating revaluation shows residential property values have decreased by 18% since 2013

Date: 08 December 2016

General overview   The Buller District Rating Revaluation for 2016 is now confirmed and property owners will soon receive a 2016 Notice of Rating Valuation with an updated rating value for their property.   The new rating valuations have been prepared on 7,876 properties on behalf of the Buller District Council by Quotable Value (QV).   Rating valuations are fit for purpose valuations carried out on all properties in New Zealand, usually once every three years to help local councils set rates f...


2016: a year of uncertainty for the NZ property market

Date: 07 December 2016

Nick Goodall, Senior Research Analyst, CoreLogic NZ Ltd.   2016 has provided us with a year full of uncertainty for the NZ property market.    Last month we wrote about why we were hanging up our fortune teller’s hat. Since then, we’ve experienced significant earthquakes and their subsequent aftershocks and now, completely out of nowhere we’re due a new Prime Minister. Government regulation and policy could become even more difficult to perfectly predict. It’s also been a year of big internatio...


Queenstown average value tops $1 million

Date: 01 December 2016

The latest monthly QV House Price Index shows that nationwide residential property values for November have increased 12.4% over the past year, which is the slowest rate since May 2016. Values rose by 2.0% over the past three months and are now 50.8% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 12.1% and values are now 27.8% above the 2007 peak. The average value nationwide is $624,675.     The Auckland market has incr...


Christchurch property values rise 9.2 per cent

Date: 29 November 2016

The 2016 rating revaluation shows the overall value of Christchurch property has risen by 9.2 per cent since the last general revaluation in 2013.   Christchurch City Council contracted independent valuer Quotable Value (QV) to carry out the revaluation of 167,857 city and Banks Peninsula properties this year. Councils must undertake a general rating revaluation of all properties every three years so rates are spread fairly.   Rating Values, (also called Capital Values) are used to work out who...


Central Otago rating revaluation shows a jump in property values in the district's main centres

Date: 28 November 2016

The Central Otago District Rating Revaluation for 2016 is now confirmed and property owners will soon receive a 2016 Notice of Rating Valuation with an updated rating value for their property.   The new rating valuations have been prepared 14,153 properties on behalf of the Central Otago District Council by Quotable Value (QV).   Rating valuations are fit for purpose valuations carried out on all properties in New Zealand, usually once every three years to help local councils set rates for the ...


Porirua City property rating revaluation shows jump in values over past year

Date: 23 November 2016

The Porirua City Rating Revaluation for 2016 is now confirmed and property owners will soon receive a 2016 Notice of Rating Valuation with an updated rating value for their property.   The new rating valuations have been prepared 19,176 properties on behalf of the Porirua City Council by Quotable Value (QV).   Rating valuations are fit for purpose valuations carried out on all properties in New Zealand, usually once every three years to help local councils set rates for the following three year...


Welcome to the New Look QV.co.nz

Date: 15 November 2016

The newly renovated QV.co.nz has opened!   The builders have left and we’ve given it a fresh coat of paint. We think it’s looking pretty flash but you be the judge.   This does mean that we’ve closed the doors to the old QV.co.nz site, but your current login details will unlock the door to the new website for all the same NZ land and property data that you trust.   Plus, the new version is mobile responsive (that means that you can now visit QV.co.nz from a computer, phone or tablet and have th...


Hastings rating revaluation shows solid growth in district's property values since 2013

Date: 10 November 2016

The Hastings District rating revaluation is now confirmed and property owners in the area will soon receive a 2016 Notice of Rating Valuation with an updated rating value for their property.   Rating valuations are fit for purpose valuations carried out on all properties in New Zealand, usually once every three years to help local councils set rates in their area or District for the following three year period. Rating values are just one of a number of factors councils use to allocate rates.   ...


Hanging up my Fortune-Teller's hat

Date: 04 November 2016

Jonno Ingerson, Head of Research, CoreLogic NZ Ltd.   The latest monthly QV House Price Index shows definite signs of value increases slowing down.   As a quick reminder of where we have come from: just a few months ago, almost every town and city in NZ was rising in value. Auckland had seen a brief dip late last year as the previous round of lending restrictions dented things slightly, but this year, Auckland had then surged away again as had Hamilton and Tauranga and more recently Wellington....


Understand your new rating value

Date: 10 October 2016

Each year around one third of New Zealand homeowners receive a new rating value for their property.   This happens because councils must keep the information they use to allocate rates up-to-date, and this year, QV has been contracted to reassess the rating values of 21 councils.  Check here to see if your council is part of the revaluation this year. If you own a property in one of the revaluation areas, you’ll receive a letter with your property's new rating value sometime between September -...


WE'VE FINISHED OUR RENOVATIONS!

Date: 06 October 2016

Have you seen the new look QV.co.nz yet?  We’ve had the builders hard at work and not only does the new house look pretty swish, it’s got great indoor/outdoor flow too (translated - we've freshened up the website's design, plus it's now much easier to find the property information you want and from any device too). You should be able to use the new website as normal, but if you have any issues with it (or any feedback on what you think of it) we’d love to hear from you: get in touch with us her...


Clearer signs of LVR impact emerging

Date: 06 October 2016

Nick Goodall, Senior Research Analyst, CoreLogic NZ Ltd. The latest QV House Price stats are out and there are some signs of values slowing in Auckland, Hamilton and Tauranga, but Wellington hasn’t paused for breath as values continue to rise there – at a rate of 21% annually which is faster than at any time leading into the last peak of the market in 2007. Meanwhile Christchurch is still flat and Dunedin values continue to rise at around 3-4% quarterly.   For the full break down of values and ...


Wellington housing market now rising faster than Auckland

Date: 04 October 2016

The latest monthly QV House Price Index shows that nationwide residential property values for September have increased 14.3% over the past year. Values rose by 4.9% over the past three months and are now 49.5% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 13.8% and values are now 27.0% above the 2007 peak. The average value nationwide is $619,660. The Auckland market has increased 15.0% year on year and 5.8% over the pa...


The pro's guide to styling your home for sale

Date: 28 September 2016

So you’re about to put your place on the market. While there are some things that can’t be changed, such as location and aspect, there are plenty of steps you can take to present your home in the best possible light. Home stylists do this for a living, employing tricks of the trade to make properties appeal to a broad range of would-be buyers. Clever staging can potentially add tens of thousands of dollars to the sale price. How do you go about it? Here are some pro tips. Let there be light Phi...


One million is just another number

Date: 08 September 2016

Jonno Ingerson, Head of Research, CoreLogic NZ Ltd. The inevitable has happened and the average value of a house in Auckland has gone past one million dollars and…I don’t care. This latest milestone has led to the Housing Minister being labelled the ‘million dollar minister’, the front page of the papers and the news websites have been awash with breathless stories of Auckland’s unaffordability, and the talkback lines filled with the usual pundits. Why don’t I care? Because it’s just a number. ...


QV reports that average value for Auckland tops $1million.

Date: 06 September 2016

Andrea Rush, QV National Spokesperson.    The latest monthly QV House Price Index shows that nationwide residential property values for August have increased 14.6% over the past year. Values rose by 6.0% over the past three months and are now 47.8% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 14.2% and values are now 25.6% above the 2007 peak. The average value nationwide is $612,527   The Auckland market has increased...


Read me before you pick up the sledgehammer

Date: 23 August 2016

Kylie Davis - Head of Marketing - Property Solutions, Australia and New Zealand, CoreLogic   Big or small, renovations can be time-consuming and costly. That’s why it pays to do your homework. Here are six of the most important things to consider before you even think about knocking down that wall. Why are you renovating? It might sound obvious, but you need to decide why you are embarking on any renovation project. Do you want to live in the house for 10 years or more? Are you hoping to sell q...


Values carry on rising, but is the game about to change?

Date: 04 August 2016

Jonno Ingerson, Head of Research, CoreLogic NZ Ltd. The latest monthly QV House Price Index results are no real surprise. Values rising almost everywhere, and in some places, like Hamilton, they are rising faster than any time since the 1980’s. So while there are few changes on that front, there have been two reasonably significant events since last month. Both could potentially change the direction of the housing market. The first is the latest round of lending restrictions announced by the Re...


New Zealands average home value tops $600,000 as values soar

Date: 02 August 2016

The latest monthly QV House Price Index shows that nationwide residential property values for July have increased 14.1% over the past year. Values rose by 6.1% over the past three months and are now 45.4% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 13.7% and values are now 23.5% above the 2007 peak. The average value nationwide has now ticked over the $600,000s and is $602,434. The Auckland market has increased 16.0% ...


Will the market fly or crash before RBNZ restrictions hit later in the year

Date: 13 July 2016

Jonno Ingerson, Head of Research, CoreLogic NZ Ltd.   The latest monthly QV house price index results were released last week. No real surprises came out of that, with values continuing to increase almost everywhere across the country. Last month we produced a visualisation of value increases across the country if you want a refresher. The latest highlights are that the top half of the North Island and Wellington are increasing at around 5.5% in the last three months. Dunedin is up 4%. Annualis...


Surge in investor activity sees home values soar across NZ

Date: 05 July 2016

The latest monthly QV House Price Index shows that nationwide residential property values for June have increased 13.5% over the past year. Values rose by 5.6% over the past three months and are now 42.6% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 13.0% and values are now 21.6% above the 2007 peak. The average value nationwide is now $590,909. The Auckland market has increased 16.1% year on year and 4.7% over the pas...


Property values continue to grow, and not just in Auckland

Date: 03 June 2016

Jonno Ingerson, Head of Research, CoreLogic NZ Ltd. The latest QV House Price Index is out and confirms a continuation of previous trends. Auckland values have continued to rebound after their short and shallow drop, while much of the rest of the country is also rising. If you look at the accompanying map you will see the extent of value increases over the past six months for every local council area across the country. Why six months? That covers the period of time that Auckland has responded ...


Auckland values rising again as investors drive NZ home values up

Date: 01 June 2016

The latest monthly QV House Price Index shows that nationwide residential property values for May have increased 12.4% over the past year. Values rose by 3.9% over the past three months and are now 39.5% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 11.9% and values are now 18.9% above the 2007 peak. The average value nationwide is now $577,829. The Auckland market has increased 15.4% year on year and 3.3% over the past...


Auckland bounce back confirmed as other main centres grow

Date: 05 May 2016

Jonno Ingerson, Head of Research, CoreLogic NZ Ltd. Another month has passed and the rebound of Auckland values can now be confirmed. The latest monthly QV House Price Index shows that the dip in values which started in December only lasted two months. And the drop in values was a measly 0.8%. In the last two months values have begun to rise again and have not only recovered that small dip but gone ahead of the December high by a further 1%. Auckland values are now at a new high of $942,760. So...


Low interest rates aid continued growth in housing market

Date: 04 May 2016

The latest monthly QV House Price Index shows that nationwide residential property values for April have increased 12.0% over the past year. Values rose by 2.1% over the past three months and are now 37.1% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 11.6% and values are now 16.9% above the 2007 peak. The average value nationwide is now $568,058. The Auckland market has increased 16.5% year on year which is a slightly ...


Auckland rebounds

Date: 07 April 2016

Jonno Ingerson, Head of Research, CoreLogic NZ Ltd. Auckland values have rebounded again after dropping for only two months according to the latest QV House Price Index release. The index had dropped in both January and February meaning that Auckland values had dropped very slightly by 0.8% from the December peak. However the latest results show that in March the index rebounded 0.6%. I had been expecting a brief and shallow drop in Auckland values due to the new restrictions on investors and t...


Home values continue to rise in many parts of New Zealand

Date: 06 April 2016

The latest monthly QV House Price Index shows that nationwide residential property values for March have increased 11.4% over the past year. Values rose slightly by 0.2% over the past three months and are now 35% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 11.3% and values are now 15.4% above the 2007 peak. The average value nationwide is now $559,492. The Auckland market has increased 16.9% year on year, but has decr...


Auckland continues its slide

Date: 03 March 2016

Jonno Ingerson, Director of Research, CoreLogic NZ Ltd. Auckland values have dropped for the second month in a row according to the latest QV House Price Index. Meanwhile values across most of the rest of the country continue to increase. Auckland values dropped a further 0.4% over the past month and are now down 0.8% from December 2015. Hardly massive decreases but definitely a change from what we have been used to. While the drops are more marked in central and West Auckland, the heat is now ...


Auckland home values drop while other centres rise

Date: 02 March 2016

The latest monthly QV House Price Index shows that nationwide residential property values for February have increased 11.6% over the past year. Values rose slightly by 0.1% over the past three months and are now 34.3% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 11.5% and values are now 14.7% above the 2007 peak. The average value nationwide is now $556,306. The Auckland market has increased 17.8% year on year, but has...


Auckland drops, the rest rise

Date: 10 February 2016

Jonno Ingerson, Director of Research, CoreLogic NZ Ltd. Auckland values have dropped in the last month according to the latest QV house price index. Values in areas near Auckland continue to increase strongly while further South, things are a little patchier. Across wider Auckland, values dropped by 0.5% to $928,921 at the end of January compared to a month earlier. The previous two months had already shown a marked slowdown from the increases we have become used to seeing in Auckland. This is ...


Auckland home values edge down while regions rise

Date: 09 February 2016

  The latest monthly QV House Price Index shows that nationwide residential property values for January have decreased by 0.3% over the past month, which is the result of a 0.5% decrease in the Auckland region in the month since December 2015. However, nationwide values have risen 12.6% over the past year and 0.7% over the past three months. They are now 34.2% above the previous market peak of late 2007. The average value nationwide is now $556,206. When adjusted for inflation the nationwide an...


Latest QV homeguide update now out

Date: 20 January 2016

The latest update of QV homeguide has just been released. This update provides you with an estimated weekly repayment on all homes and listings. There's also a link to ANZ's Home Loan Repayment Calculator if you want more repayment options.    Download the App now   QV homeguide for Android   QV homeguide for iPhone   The App is designed to help you find property information when you are out and about  whether buying, selling, or simply viewing a home.   Free to install, QV homeguide provides a...


Auckland values finally slow, while the rest of the country speeds up

Date: 14 January 2016

Jonno Ingerson, Director of Research, CoreLogic NZ Ltd. The QV house price index for December, powered by Corelogic, has just been released. So how did 2015 end? First let’s talk about Auckland. After all it is our biggest city, and it’s also Auckland that has caught everyone’s attention with its rapid value growth for several years. Well, it finally appears as if that growth is slowing down. During 2015 the rate of growth every three months rose from 5% to nearly 9% in the three months to Nove...


Year-end sees Auckland housing market slow while other centres on the rise

Date: 13 January 2016

Nationwide residential property values surged ahead in the year to December 2015 at a rate of more than 10% faster than for the same period the previous year.   Overall the nationwide average shows residential property values increased 14.2% or $69,472 during 2015 from $488,674 in December 2014 to $558,146 in December 2015, according to the latest statistics from Quotable Value (QV) powered by CoreLogic.   The average national value increased 2.9% over the final three months of 2015 and nationw...


Could 2016 be the year for First Home Buyers?

Date: 12 January 2016

Nick Goodall, Senior Research Analyst, CoreLogic NZ Ltd. First Home Buyers found their way back into the market throughout 2015 as lending conditions remained favourable and regulatory changes targeted property investors, both local and foreign. KiwiSaver funds being accessed for first homes continues to increase as more and more people become eligible to withdraw funds and on 1 April 2015 new rules came into effect for first-home withdrawals that allowed larger sums to be withdrawn. Our Buyer ...


Holiday close down period

Date: 22 December 2015

Our office is closed from 5.30pm on the 23rd December 2015, re-opening on the 5th January 2016, however the QV.co.nz site will continue to function as normal. The QV.co.nz Customer Support team will be available during this close-down period to answer any urgent calls or queries, except on Statutory Public Holidays. 


Are there signs that values are slowing?

Date: 03 December 2015

There is not yet any conclusive evidence that Auckland values are dropping, at least according to the latest monthly QV House Price Index. Across Auckland values rose 24.4% year on year, exactly the same as we saw last month. The value change over the last three months was 6.5% down a little from the 7.3% reported last month. In dollar terms that is an increase of $183k over the past year for the average Auckland home, and $57k over the past three months. That’s an eye-watering $626 dollars a d...


New rules take heat out of Auckland market and give regional home values a boost

Date: 01 December 2015

The latest monthly QV House Price Index shows that nationwide residential property values for November have increased 15.0% over the past year which is the fastest rate since February 2006. Values rose 4.0% over the past three months and are now 34.1% above the previous market peak of late 2007. The average value nationwide is now $555,729. When adjusted for inflation the nationwide annual increase drops slightly to 14.5% and values are now 14.0% above the 2007 peak. The Auckland market has inc...


How to access your Free Rating Value reports on QV.co.nz

Date: 11 November 2015

A big thank you to Mitre 10 for sponsoring free Rating Valuation reports on QV.co.nz for the rest of 2015. Here is how to access your report. 1. First you need to register or log in 2. In the search bar type the address of the property you wish to get a Rating Valuation report for 3. Click on the Rating Valuation link or scroll down untill you see the Rating Valuation heading 4. Click Buy 5. Click Purchase 6. Go back to the Property Details page to view on screen (you will also get emailed a co...


How does the current property market compare with previous cycles?

Date: 05 November 2015

Nick Goodall, Senior Research Analyst, CoreLogic NZ Ltd.   We are in a very interesting time for the property market with varying factors indicating differing directions, and there is no shortage of anecdotes supporting all sorts of theories.    One of the themes that has caught my eye has been when comparing the last time annual growth was this strong. In many parts of the country, this was back before the last peak in 2007/08.    The latest monthly QV House Price Index shows Auckland’s latest...


Average home value exceeds $900,000 pushing New Zealand average over $550,000

Date: 03 November 2015

The latest monthly QV House Price Index shows that nationwide residential property values for October have increased 14.0% over the past year which is the fastest rate since March 2006. Values rose 4.7% over the past three months and are now 33.3% above the previous market peak of late 2007. The average value nationwide is now $552,345. When adjusted for inflation the nationwide annual increase drops slightly to 13.6% and values are now 13.3% above the 2007 peak. The Auckland market has increas...


Why this Auckland first home buyer headed north for a better life

Date: 20 October 2015

QV Whangarei’s newly appointed Team Manager and Valuer, Tom Ujdur decided to relocate his family from Auckland to the idyllic coastal settlement of Ngunguru.  He talks about why why he thinks it’s a great lifestyle option for other Auckland first home buyers struggling to break into housing market. From my office in Freeman’s Bay Auckland, I was seconded up to the QV Whangarei office to assist with the three-yearly rating revaluation for the Whangarei District which is currently being completed...


Watching the market change

Date: 05 October 2015

Jonno Ingerson, Director of Research, CoreLogic NZ Ltd It’s an absolutely fascinating time to be watching the housing market. It feels like we are right on the verge of the market changing shape, and in fact it already is. After several years of telling the same story about Auckland values increasing rapidly while much of the rest of the country stagnates, we finally have a different story to tell. It’s now about values rising in other areas while there are signs of activity in Auckland slowing...


Nationwide home values rise at fastest annual rate since 2007

Date: 01 October 2015

The latest monthly QV House Price Index shows that nationwide residential property values for September have increased 12.6% over the past year which is the fastest rate since October 2007. Values rose 4.2% over the past three months and are now 30.9% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 12.3% and values are now 11.8% above the 2007 peak. The average value nationwide is now $542,277. The Auckland market has inc...


Property Survey uncovers real attitudes of Kiwis in the property market

Date: 16 September 2015

Property has become a major national pastime in New Zealand, with most of us buying, renovating or selling at least one property in our lifetime. Property and Real Estate is an important part of the average Kiwis life, in today’s market more than ever. So we went directly to you, our customers,  to find out first-hand what New Zealanders really thought about property – what were  the drivers behind purchasing decisions, stress factors associated with buying and selling, and the attitudes of New...


Market already busy before spring starts

Date: 02 September 2015

Auckland values continue to surge ahead but now so too is Hamilton according to the latest QV house price index. We are now well used to talking about the increase in Auckland values and this month is no exception. Values in the Supercity are up 20.4% over the past year, and that rate of increase is the fastest in over ten years. Over the past three months values have risen 5.6%, which is a fraction slower than last month, and reflects that some parts of Auckland are decelerating. More on that ...


New Zealand home values rise at fastest rate in eight years

Date: 01 September 2015

The latest monthly QV House Price Index shows that nationwide residential property values for August have increased 11.3% over the past year. Values rose 3.9% over the past three months and are now 29.0% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 11.0% and values are now 10.2% above the 2007 peak. The Auckland market has increased 20.4% year on year, 5.6% over the past three months and 60.1% since 2007.  When adjuste...


Value increases spread beyond Auckland, but not far

Date: 05 August 2015

The latest monthly QV House Price Index results are out and they continue to show the strength of the Auckland market. Across the Auckland Region values are up 18.8% annually and 5.7% over the past three months. The average current value of the housing stock now sits at $855,672. That rate of growth is the fastest since 2003 and reflects the current supply and demand imbalance in Auckland. The increase in values in Auckland did slow considerably immediately following the implementation of the L...


New Zealand home values rise at fastest rate in seven years

Date: 04 August 2015

The latest monthly QV House Price Index shows that nationwide residential property values for July have increased 10.1% over the past year which is the fastest annual rate since 2007. Values rose 4.1% over the past three months and are now 27.4% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 9.9% and values are now 8.8% above the 2007 peak. The Auckland market has increased 18.8% year on year, 5.7% over the past three mo...


"Auckland effect" leads to rising values in Hamilton, Tauranga and Hastings

Date: 14 July 2015

It appears that many Aucklanders are looking to capitalise on their equity by either selling up and moving to Hamilton, Tauranga and the Hawkes Bay or using their equity to purchase rental properties there.   “There are reports of large numbers of Aucklanders are flocking to buy property in Tauranga, Hamilton and the Western Bay of Plenty resulting in rising values in these centres,” said QV National spokesperson Andrea Rush.    “As many of 60% of those attending open homes in Tauranga are repo...


Defining the 'Auckland effect'

Date: 03 July 2015

The latest QV House Price Index stats and commentary suggests there are now clear signs of an ‘Auckland effect’ of spreading values.   With another month under our belts it now appears that values in several areas of the upper half of the North Island are on the increase.   We have already seen Tauranga values rising since last October at a much faster rate than they were previously. In the last three months we have also seen Hamilton pick up pace, increasing 2.2%. Apart from in December and Ja...


How to: Maintain the value of your home

Date: 10 June 2015

Tony Welch, Registered Valuer and Team Leader at QV New Plymouth and David Cornford a Registered Valuer at QVhomevalue Wellington share their insights and tips about what you can do to help maintain the value of your home especially over the wet and cold winter months. Performing regular maintenance around your property will keep small repairs from turning into larger more costly issues, and means you can quickly and easily get the property ‘market-ready’ if you need to sell urgently.  Keep you...


No sign of a slowdown in Auckland yet

Date: 10 June 2015

In the past few weeks, the Government and Reserve Bank have moved to slow the Auckland property market through the introduction of several measures: Keeping the Loan to Value Ratio (LVR) speed limits as they are in Auckland but loosening them across the rest of the country. Requiring that investor loans in Auckland have a 30% deposit and that banks hold more capital against these investor loans. This will potentially raise those interest rates a fraction. Ensuring that any sale of a residential...


Auckland property values rise at fastest annual rate in 11 years

Date: 09 June 2015

Andrea Rush, QV National Spokesperson The latest monthly QV Residential Price Movement Index shows that nationwide residential property values for May have increased 9.0% over the past year and 3.1% over the past three months.  This means they are now 24.1% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 8.9% and values are now 6.5% above the 2007 peak.    The Auckland market has increased 16.1% year on year, 5.4% over th...


A look into the length of time properties are held for before selling

Date: 25 May 2015

Nick Goodall, Senior Research Analyst, CoreLogic NZ Ltd On Sunday the Government announced a number of different property tax measures and processes to ensure that property investors pay their fair share of tax. This included the proposal of a ‘bright-line’ test to be introduced in order to tax any capital gain realised from residential property sold within two years of purchase. This would exclude property that is the sellers’ main home. The inevitable question then has been how many propertie...


The rest of the country is about to boom? I don't think so.

Date: 06 May 2015

Jonno Ingerson, Director of Research, CoreLogic   Another month passes, and another month of Auckland values rising above the rest of the country. The latest QV/CoreLogic monthly house price index shows that values in Auckland have increased by 14.6% over the past year. That has dragged the nationwide increase up to 8.3%.   As expected, the rate of Auckland’s increase has slowed slightly from a few months ago. The increase over the past three months has been 4.6%, down from the 5.1% in the thre...


Queenstown Lakes values show the most buoyancy in the bottom of the South Island

Date: 08 April 2015

This month we are giving you a closer look at Queenstown.  The localities that make up the bottom of the South Island have very different attributes that can appeal to homeowners, and correspondingly different value movements.   All of the towns measured in the E-Valuer statistics for the Queenstown Lakes District have had positive value improvements year on year, particularly Wanaka (4.0%) and Arrowtown (3.4%). Frankton and Arrowtown values are performing well and have increased 11.9% and 10.7...


Auckland charges on while the rest cruise

Date: 08 April 2015

Jonno Ingerson, Director of Research, CoreLogic NZ Ltd The latest QV/CoreLogic monthly house price index stats show nationwide values have increased by 7.7% over the past year. If you’re sitting in Auckland reading this then you know that values there are rising much faster than that. Conversely if you’re sitting just about anywhere else in the country you’ll know that values aren’t rising anything like that quickly. We are actually at the point where talking about a national number is meaningl...


QV homeguide App now available

Date: 01 April 2015

We are excited to announce QV and CoreLogic, have jointly launched New Zealand’s first truly independent property App - QV homeguide.    Download the App now QV homeguide for Android QV homeguide for iPhone   The App is designed to help you find property information when you are out and about  whether buying, selling, or simply viewing a home.   Free to install, QV homeguide provides access to independent and authoritative information on any home in New Zealand on or off the market.    Leading ...


Auckland values continue to surge ahead while other centres plateau

Date: 01 April 2015

The latest monthly QV Residential Price Movement Index shows that nationwide residential property values for March have increased 7.7% over the past year and 2.8% over the past three months.  This means they are now 21.3% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 6.8% and values are now 3.7% above the 2007 peak.    The Auckland market has increased 13.9% year on year, 4.6% over the past three months and 45.8% since ...


Auckland - sole driver of nationwide values increasing

Date: 18 March 2015

Jonno Ingerson, Director of Research, CoreLogic NZ Another month passes and another month of Auckland house prices increasing. As I talked about last month Auckland is now really the sole driver of nationwide values increasing. Incidentally nationwide values rose 6.4% over the past year and 3.1% over the past three months according to our latest monthly house price index. In Auckland, values increased by 5.0% over the past three months. The maths isn’t too difficult to equate that to an annual ...


Auckland values continue to surge ahead of other centres

Date: 04 March 2015

The latest monthly QV Residential Price Movement Index shows that nationwide residential property values for February have increased 6.4% over the past year and 3.1% over the past three months.  This means they are now 20.3% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 5.6% and values are now 2.9% above the 2007 peak.    The Auckland market has increased 13.0% year on year, 5.0% over the past three months and 43.8% sin...


QV homeguide FAQ

Date: 02 March 2015

At this stage QV homeguide is not connected to QV.co.nz, purchases made through the App will not be available on your QV.co.nz account and vice versa.  App purchases are made via either your Google Play or iTunes account and there is no log in or registration required to use the App. Location Services: The app currently requires location services to be turned on in order to function correctly On iOS: Settings>Privacy>Location Services, Turn on and scroll to QV homeguide (select Always or While ...


Changes to Local Area Sales

Date: 25 February 2015

At QV.co.nz we are always taking on board customer feedback to improve the site.  We have had feedback that purchasing Local Area Sales information was confusing and didn't enable customers to select individual properties they were interested in. We have made some changes to hopefully make the experience easier for everyone and will continue to work to improve both Local Area Sales and other areas of the site. Changes are detailed below Now you can select the individual properties you are inter...


The rise of Auckland

Date: 16 February 2015

Jonno Ingerson, Director of Research, CoreLogic NZ The latest monthly house price index published by QV confirms that Auckland values are rapidly rising again. In the three months to January, values increased 5.1% which equates to over 20% annually. This is considerably faster than the 1% to 2.5% rate of increase per three months we saw throughout most of 2014, and faster than any other time since 2003 at the start of the previous boom. Nowhere else in the country is rising like Auckland. Durin...


Listing method preference: it's a regional thing

Date: 12 February 2015

FOR VENDORS, LISTING METHOD CAN BE A DIFFICULT DECISION. WE’VE REVIEWED LISTING METHODS BOTH NATIONALLY AND REGIONALLY OVER THE PREVIOUS YEAR, AND THE RESULTS SHOW CLEAR REGIONAL DIFFERENCES. Jonno Ingerson, CoreLogic  Director of Research For vendors, listing method can be a difficult decision. We’ve reviewed listing methods both nationally and regionally over the previous year, and the results show clear regional differences. Across the country, vendors prefer different methods of listing for...


How are property values performing in our iconic summer destinations?

Date: 12 February 2015

A Bach by the sea is a Kiwi dream however coastal property values around New Zealand peaked in 2007 and then dropped following the global financial crisis.  Demand is now starting to recover for holiday homes in some of New Zealand’s favourite locations and the latest qv.co.nz e-valuer statistics give us an insight into what values have done over the past seven years in some of New Zealand’s iconic summer destinations.  Mangawhai, 80 minutes drive north of Auckland, is a winner amongst the holi...


Residential property values rise across the main centres

Date: 03 February 2015

The latest monthly QV Residential Price Movement Index shows that nationwide residential property values for January have increased 5.7% over the past year and 2.0% over the past three months.  This means they are now 19.2% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 4.9% and values are now 2.0% above the 2007 peak.    The Auckland market has increased 11.6% year on year, 5.1% over the past three months and 41.9% sinc...


2014 was a year of mixed sentiment in the residential property market

Date: 14 January 2015

It was a stop start year for residential property values with some flat periods due to uncertainty associated with the LVR speed limits, interest rate hikes and an election, along with periods of rapid value increases in some areas and decreasing values in others.    Overall the nationwide average shows residential property values increased 4.9% or $22,652 during 2014 from $466,022 in December 2013 to $488,674 in December 2014, according to the latest statistics from Quotable Value (QV) powered...


An in-depth look at movers

Date: 08 January 2015

By Jonno Ingerson, Director or Research, CoreLogic Published in NZ Herald Property Report, 8 December 2014. We have heard all about the effect of the LVR changes to first home buyers, and subsequent increase of investor purchases, but more recently there appears to be greater impact on movers. Nationally movers are at their lowest percentage since late 2010 with 23% of sales in October attributed to movers.  This is down from the average of 27% for the past few years, but not quite as low as du...


Auckland values rise ahead of Christmas

Date: 11 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...


Auckland property values accelerate again

Date: 04 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 ...


Values increasing in all main cities

Date: 14 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 ...


2014 Auckland Rating Values Now Live

Date: 10 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.


Residential property values increase at slowest rate in two years

Date: 07 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%...


Election result brings renewed activity to the residential property market

Date: 06 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...


Residential property value increases continue to slow

Date: 04 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...


Residential property value increases slowdown

Date: 07 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 ...


Property values still rising in Auckland while nationwide picture is mixed

Date: 07 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...


What's happening at the lower end of the market?

Date: 06 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...


Nationwide property values continue to rise

Date: 06 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...


Property values rise again after a period of flattening off

Date: 08 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...


Free weather info on any property in NZ

Date: 05 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...