- Four dead, two injured in Waikato crash
- Serious crash closes Thames highway
- ATM masquerades as phone box
- Celebrating Hauraki-Coromandel business
- A $178M boost for tourism infrastructure
- Natzke ready to set Europe ablaze
- New structure proposed for IRD
- $60 million more for Pharmac
- Chiefs dominate in home game
- Duck season starts with a bang
- Barbara's hooked on Dr Hook
- Hammerhead shark found on Papamoa Beach
- Big tick for fisheries management
- Chloe conquers her mountain challenge
- Ruben the Road Safety Bear's new book
New record median house price
Posted at 11:18am Tuesday 18 Apr, 2017
A new median house price record has been set for the combined Waikato/Bay of Plenty region, according to figures released by REINZ.
The median price is now $487,000, an increase of 17 per cent on last year – although properties in main centres such as Tauranga remain higher on average than this figure.
Sales volumes in the last month have increased by 44 per cent in Mount Maunganui/Papamoa, and 42 per cent in Rotorua.
The median price increase was much greater than the regional average for Rotorua, at 31 per cent, while Tauranga house prices have gone up 11 per cent since last month alone.
Nationally, the market reached its peak level of activity for the year so far as median house prices firmed and sales volumes rose strongly across New Zealand during March, which is traditionally the busiest month for real estate transactions across New Zealand.
The national median price rose $51,000 to $546,000 during March, an increase of 10 per cent on February and a new record median, while eight of 12 regions hit new record high median sale prices: Auckland, Northland, Waikato/Bay of Plenty, Hawke’s Bay, Manawatu, Taranaki, Canterbury/Westland and Otago. On a seasonally adjusted basis the national median rose 2 per cent.
The number of sales for March 2017 was 8504, an increase of 36 per cent on February, although down 11 per cent compared to March 2016. On a seasonally adjusted basis sales for March rose 2 per cent compared to February, indicating an expected seasonal effect.
Post a CommentYou must be logged in to make a comment.
- Truck driver dies in five vehicle crash
- Man killed in fatal Bay crash named
- Tauranga flag flying at half-mast
- Te Puke crash highlights safety concerns
- Retirees face new mortgage worries
- A Tauranga woman’s gesture of hope
- Warning issued as storms approach
- Tauranga’s Mayor faces 'great' dilemma
- Fallen tree blocks Bay highway
- Speed may be factor in fatal crash
- Fulfilling the one million prediction
- One dead after car hits tree
- Valuing team work in a unique situation
- Rotorua home to world’s largest haka
- A strong bond is forged
- Thirty years opposing nukes
- Muller opposes End of Life Choices Bill
- Iwi blocking harbour entrance
- Anti-racism campaign launched
- $1.8m to prevent violent robberies
- Have you seen these men?
- Maori Kiwifruit Forum an industry first
- Harsher penalties sought for stock theft
- Prices and profit up at Sanford
- Myrtle rust fungus confirmed in Bay