The national median house price hit a record high in September with sales volumes also firmer, the Real Estate Institute of New Zealand says

The national median house price hit a record high in September with sales volumes also firmer, the Real Estate Institute of New Zealand says

The housing market started spring in a more confident mood with the number of properties sold and selling prices both rising.

According to the Real Estate Institute of New Zealand, the national median price of all homes sold in September hit a new record high of $597,000, up $12,000 or 2% from the previous high of $585,000 set in March and June of this year.

And the Auckland market seemed to shake of its winter blues with the median price rising $18,000 or 2% to $848,000 from $830,000 in August. But that was still below the record of $900,000 set in March last year.

When Auckland is excluded from the figures, the median price for the rest of the country was a new record of $500,000. New records were also set in Manawatu/Whanganui, Southland, Taranaki and Hawke's Bay.

However three regions went against the trend and recorded median prices below September last year - West Coast -7.5%, Northland -5.5% and Nelson -5.4%.

The REINZ House Price Index, which adjusts for differences in the mix of properties being sold from month to month, recorded a 1.4% gain for the month across the country, and a 3.6% gain for the year.

But perhaps of even more significance than the firmer prices was that sales volumes were also up, perhaps signalling the beginning of the end of what was a very sluggish market over winter

The REINZ recorded 5896 sales in September, up 3.3% compared to September last year and the highest number of sales for the month of September in three years.

While sales volumes and selling prices were up in September, the total number of properties available for sale around the country was down 7.3% on September last year, suggesting the slow winter months did not result in a large overhang of unsold properties.

The average numbers of days required to sell a property also dropped, suggesting a slightly firmer market (see chart below).

Westpac's economists believe the stronger housing figures could signal and end to falling interest rates.

In a Home Truths newsletter on the latest REINZ figures, Westpac Chief Economist Dominick Stephens reiterated his view that house prices would rise over summer.

"This data leaves us very comfortable with our long-held views," Stephens said.

"Our expectation remains that low interest rates will boost asset prices, including lifting house price inflation to 7% per annum.

"That will give a short term boost to consumer spending, which combined with the Government's lossening of the reins, will spark slightly higher rates of GDP growth next year than we have experienced this year.

"This is important information for the Reserve Bank, which is not forecasting a pick up in the houisng market.

"The evidence is tentative to date, but a third strong month of housing data would cause the RBNZ to sit up and take notice.

"On monetary policy, the RBNZ would be more likely to conclude that it has  lowered interest rates far enough - that's why we are forecasting one further OCR reduction and no more.

"The banking supervision arm of the RBNZ will also be keenly interested.

"It is unlikely that the RBNZ's policy of loosening the LVR restrictions will be eliminated, but a stronger housing market might slow the pace of loosening," Stephens said.

The interactive charts below show the trends in median selling prices, volumes sold and days to sell in all regions of the country.

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Median price - REINZ

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NZ total
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Northland
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Auckland
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Waikato
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Bay of Plenty
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Gisborne
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Hawke's Bay
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Manawatu
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Taranaki
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Wellington
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Tasman
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Nelson
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Marlborough
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West Coast
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Canterbury
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Otago
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Southland
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Volumes sold - REINZ

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NZ total
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Northland
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Auckland
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Waikato
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Bay of Plenty
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Gisborne
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Hawke's Bay
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Manawatu
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Taranaki
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Wellington
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Tasman
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Nelson
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Marlborough
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West Coast
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Canterbury
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Otago
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Southland
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Days to sell - REINZ

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Source: REINZ

 

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171 Comments

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Highlight new comments in the last hr(s).
20
up

The OCR cut seems to be fulfilling the desired outcome: further inflating the property bubble.
This rising price trend shall boost GDP growth the short run with renewed consumer confidence in the (property-driven) economy.

Agree, but possibly still a little too early to see the full influence of the 0.5% OCR cut.
The data is based on sales going unconditional and as there will be some time delay between the cut being made and this to show up. The cut was made 7 August (although some banks had anticipated a cut but not the surprising 0.5%), buyers would take time to react, offers need to be made, and sales conditions to be fulfilled to go unconditional.
However, clearly some impact and possibly some likely further impact next month.

As so often, a very sensible and pertinent comment, Printer8, the effect of the 0.5% OCR cut is yet to be felt

by Yvil | Fri, 04/05/2018 - 13:36

"So be brave and let the great depression happen, it's the purge the whole system needed. It's much better than the long slow downward spiral we're on now, which will still lead to a depression"

Indeed but governments won't let it happen, so we're best to play the game of life with the rules we have at our disposal

Just like they didnt let the GFC happen....

Yes, my quote was precisely about the GFC, Cowpat just took it out of context

Better for the country's future, perhaps. But not better for the many people bankrupted or economically ruined by a quick reset.

REINZ report is here for those looking.

https://www.reinz.co.nz/residential-property-data-gallery

Year-on-year AKL pretty much flat, $848k vs $852k (-0.5%), with volumes increasing from 1715 to 1823 (+6.3%).
No mention of the HPI yet?

Akld hpi was up 1.6% MoM - reported yesterday

Hmm strange, I don't see where it's reported. I can see the national HPI change in this article now. I guess I'll have to wait until REINZ puts it up on their site to see the Auckland stats.

HPi report is up on REINZ site

but down YoY by -0.8% IIRC

Which was interesting in that in September last year we saw smaller MoM price rises but a positive YoY HPI rise (0.4%, think it was). This year we've got slightly bigger MoM increases in the HPI, but the Auckland HPI is down year on year. Perhaps winter was particularly bad this year?

In the last three years since September 2016 we've seen a falling trend in the Auckland median price, before inflation: https://i.imgur.com/KNBeIaq.png

Pretty difficult to call much of much on such low volumes. In the thread on falling rents people were being criticised for extrapolating from a few months' data. So we would of course want to avoid doing the same here.

Edit: and here's the trend line for Auckland sales volume for the same period: https://i.imgur.com/cyXUIt7.png and from 2012: https://i.imgur.com/MS6g0qD.png

11
up

Maddening and saddening!

For some.

For those that realize housing should be used for living in, not making money off of at the expense of others.

Which is only some of the people.

That's... like their opinion man...

It's good "the number of properties sold and selling prices both rising". This adds urgency to homebuyers especially those who dont HAVE to buy and if the trend continues they might just get off of the fence. Home ownership is the best thing possible for individuals and for the country.

11
up

Undoubtedly home ownership is a good thing for the country. We can applaud the efforts of post war governments to make it more accessible to Kiwis, with the result it was once very high.

What doesn't seem so good for the country is massive debt to get there, debt that's out of kilter with housing around the world. And tax treatment that results in all money flowing into property instead of productive enterprise, hard work that would increase what we have to sell to the world.

"Home ownership is the best thing possible for individuals and for the country."

Sure. But I can't see the link between making home ownership even more unobtainable helps achieve that.

It's because he only said that to spruik up the property market. He doesn't actually care about it, silly! Just gotta keep pushing the agenda, gotta get the sweet capital gains train going.

No mate that's your style. To spook the horses you said it wouldn't rise and it couldn't rise and the market was in for a crash. Turns out at best you only spooked a few ponies

Lol who are you talking about? Can you show me where I said prices won't rise nationwide? All I ever talk about is Auckland, and prices here are down year-on-year.

"The REINZ recorded 5896 sales in September, up 3,3% compared to September last year and the highest number of sales for the month of September in three years"

With august being the wettest month on record, isn't it logical that sales would have occurred the following month

DGM, the sales are being compared to September in previous years, I'm pretty sure these previous September months were also preceded by August months...

yup, but as i stated, August 2019 was the wettest on record

Apparently Bindi made the claim on August wet weather last month "August saw sales volumes fall by -6.1% from the same time last year – the
lowest level of sales for 7 months. This was a bit of a surprise given the strength of July’s figures, however, an extremely wet August across most
parts of the country "

Low mortgage interest rates and high immigration. Of course house prices will rise.

15
up

Add to that the broken tax structure that favours speculation over productivity and innovation.

Which tax structure is that?
Productivity and innovation - you need to ask why ?
Even the retirement commissioner is thinking of changing Kiwisaver to buy more houses.

Well Delboy, most commenters on this site do not comprehend your point

Actually yes they do and have been talking about it for quite a while, just blinkered people like Yavil are so desperate to shut out logic and shout down at every opportunity. What's even funnier, is at the slightest sigh of a property price rise you jump up and down for joy like fleas on a mangy dog. :)

Imagine if the Empty Homes Tax had been implemented already, those horrid investors would be getting some comeuppance :))) ..... Labour please get on with the EHT soon "and dont drop the ball"

Nahh that's an Ace up Labours sleeve - evidently it has you REA's rattled HW. Think about the positives; More pristine property on the market for rent lots and lots of revenue generated for new builds. It's a Golden tax that taxes the Gold Rush since you only tax Overseas Investors who can't vote! ;)

Bach owners vote so pull the other one CJ

If someone is rich enough to own a bach, and choose keep it empty, they can afford the tax too. Or just make it a tax for homes in city centres, where the properties value is in being close to work places?

Young hard working people, who also carry the burden of an aging population, shouldn't be locked out of home ownership.

Fair points MW but to be honest I want CJ to explain why if his idea is soo GREAT he is trying to pull the wool

Lol as others have just pointed out quite well; If you have an Empty Home (Empty for six months each year) in a major city center then you certainly can afford to pay extra tax on it.

Specifically how many homes are vacant for 6 months or more.... no one knows. And I also noticed that the basis of the EHT proposal is changing by the day, just yesterday you lauded "It's a Golden tax... since you only tax Overseas Investors who can't vote! ;)" and now it is anybody with a home empty for 6 months because They Can Afford It. Are you sure this is not an Envy Home Tax

Tick tock chirp chirp

It's so got under your skin hasn't it HW. Good! ;)

New Zealand is a pretty good place to live for wealthy ones.

21
up

. . still a good place for foreigners to launder or hide their money ... houses , pine forests ... plenty of hot money coming in ....

Yes, for those with a lot of assets it’s great. With no capital gains tax, it’s very attractive - a tax haven in that regard really.

Exactly what I was observing a couple of weeks ago on this site. CoreLogic estimate of my homes value now 97.8% of RV as at 13/10. My Term Deposits are now declining in real value after tax and I don't expect that to change.

2019 August /September sales lower compared to 2018. They are very low numbers . As another commentator suggests , August was apparently wet. In 15 of the past 25 years September volumes have increased compared to August, they have fallen in 2019. The record median for Auckland was reached in March 2017, some thirty months ago .We all wish it was 2018

Cowpat
Just keep digging for the negative spin.

I have stated fact. Are you suggesting that the Auckland record median was not reached in March 2017 or does the REINZ make up its numbers. ?

Sounding a bit desparate Cowpat

Disparate or desperate ?

Desperate

About what? I am not the real estate agent .
by Yvil | Fri, 04/05/2018 - 13:36

"So be brave and let the great depression happen, it's the purge the whole system needed. It's much better than the long slow downward spiral we're on now, which will still lead to a depression"

Thanks for digging out a quote of mine of over a year ago. Put back in context, yes I still think it would have been better to let the insolvent companies crash after the GFC rather than bailing them out. Why did you mention my comment of last year in this thread?

Hi Yvil
It is that “desperate” you mentioned above. ;)

It does appear to be the case, not sure why you are winking?

A wink shared with Yvil but directed at Cowpat.

( ͡~ ͜ʖ ͡°)

(╭ರ_•́)

Cowpat
Whatever the Auckland market does (and I accept that there is no certainty) your view is seriously flawed in that you look only to trends or features based on data.
While these can be an indicator, you need to also look to underlying reasons for both current and future trends.
At the moment there are a number of drivers in the Auckland market such as continuing high immigration levels, falling mortgage interest rates, and housing shortage; you are not considering these factors as you are simply trying base a view on analysis of current and historical data.
There are of course some negative factors - affordability issues and both high LVR and low yields so consequently low investor activity.
It is interesting that those who previously supported a bubble burst never considered the drivers nor constraints and unsurprisingly their guess has proved wrong.
For some reason, your preconceived viewpoint seems to be that currently the market is all doom and gloom and you are simply looking for data to support that.
Remember a cardinal sin in data analysis is to have a preconceived bias.

Cowpat, along with a lot of us will inherently have to some extent a healthy amount of confirmation bias. I.e. we are scanning for data points that support our outlook on the world.

In Akld still the 3rd lowest number of properties sold in Sept since 2010

Given that the population has grown by hundreds of thousands in that time and the amount of new builds going up, the volume sold is pretty bad.

Dont expect prices to keep rising, when inflation keeps dropping, the OCR keeps getting cut, business outlook is dire, manufacturing on the decline, you cant expect house price inflation to buck the trend, it wont!

It can by several ways.
People taking money out of the stock market and buying houses.
Aged population the amount of money tied up in retairement funds are being withdrawn and put into houses.
Kiwisaver review could allow release of funds for investment properties.
Lower LVR's being looked at.

*NB. These will be for investors not average Joe one house home owner. They will be in belt tighting mode due to the recession..

If economic fundamentals keep going down the gurgler, recession is almost certain, liquidity will tighten up and sure some will transfer away from equities into housing, but as certain as night follows day, the housing market will follow suite.

Even a zero % OCR, its not the interest rate that is the hurdle it is being able to secure the finance. As building projects stop and expansion gives way to safety all eyes will be on unemployment, refinancing your mortgage may become a lot more difficult especially for the highly leveraged.

I hear you but think there is a bit left in prices yet.
It'll go boom eventually, always dose.

“When Auckland is excluded from the figures,...” Of course we can’t do that to get a true picture. Seems like the tail still wagging to me, and growth heavily assisted by lowering rates, on their way to zero. This is a really artificial situation we’re in. As I keep saying, a time for caution in NZ property.

Interesting looking at the Median prices for all the sub areas of Auckland in the property report. They are all down, except Papakura with no change, and Waitakere which is up 6.3%.., yet the overall median is up.

The doomie gloomie predictions posted here at the end of last year are shaping up to be quite ill conceived. Couple months to go yet though.

https://www.interest.co.nz/news/97512/will-current-prosperity-last-will-...

DD, I’m sticking with mine from that post “I don't know if NZ's (housing bubble) will start bursting in 2019 or 2020, or even later, but I hope it's 2019. Let's get it over with, and the more excess building that goes on in the building boom, the more pain there will be during the bust. There is no housing shortage in Auckland, only an affordability and inequality crisis. We are now building too much (check the crane count in Auckland central right now).”

I'm trying really hard to find a prediction in there somewhere, but no luck as yet. If you want an example of what actual predictions are, look at that maniac BuyLowSellHigh's post.

My prediction was/is that there’ll be a bust. Exact market timing is a fool’s game, but we certainly have a credit bubble and bubbles burst.

I predict that there will be a significant earthquake in Wellington. Exact timing is a fool’s game, but we certainly have the geological conditions for it. Could be 2020 or 2021, or even later. Do you see how this “prediction” becomes almost meaningless when you leave the timeframe open, given that the probability of an earthquake in Wellington is close to 100% over the next billion years? And the call was for predictions for the coming year, not infinity.

The chances of an economic crisis in the future are close to 100%. It takes near no acumen to predict that. You'll be hard pressed to find anyone that thinks we'll never again experience such event. Predicting the timing is the challenging part.

Investing based on predictions is foolish, gambling really. Being defensive after a 10 year bull run and credit is still really loose, prices high, is foolish. Being aggressive after prices drop and a lot of people are trying to sell, fear everywhere, is good investing. Good luck to you.

I invest for the long term, which is why I think it is still a good time to buy property. I don’t try time the housing market ups and downs - I leave that nonsense to Pragmatist. My annual predictions are for fun on the internet, not investment decisions.

Well put DD.

You forgot to wink, mate.

( ͡~ ͜ʖ ͡°)

Good old RP, you gotta love him, his doom predictions have a quaint charm to them.

Yes. I think of him as a Private Frazer type. https://www.youtube.com/watch?v=V7NlFWh7Sz8

Miss you old chap - hope you'll show face to account for your predictions at the end of the year. A few whoppers in there.

Funny as!

I guess disappearing is one way to avoid owning up to being wrong

Another one bites the dust .....

Retired-Poppy (or "Crash-Crusader" as he became known) certainly told a few whoppers - but he always refused to be accountable for what he said.

I do feel sorry for anyone who heeded his advice...... Notably, he vanished the moment the Reserve Bank dropped the OCR by 0.5 percent.

Sadly, he has no conscience.

TTP

Did he tell you to leave interest like he did to many others? He did his best to destroy interest, thankfully he has gone.

Just yesterday TTP was seen telling someone to "bugger off".

Yeah TTP is down to his/her last warning on being abusive. :)

Yvil, you scolded me once for talkig sh** about someone who wasn't here to defend themselves. You're such a hypocrite.

Where's Nic Johnson? Is Westpac still going bankrupt by Christmas?

NIc Johnson -—> Joe Wilkes —> Mike Kirk

I am not surprised the regions are still rising
so many people leaving auckland to be replaced by new people
Westpac tips house prices to rise 7 per cent next year
https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=122...

On track for the all time record high prices I called in early September for March 2020

Please state if you mean in Auckland or national and also if you mean median or average.

New Zealand (you may find some exception like the West Coast of course), Auckland, average, median and HPI. Good enough?

Nominal or real? :) And in US dollars or NZ pesos?

haha

Auckland median now just slightly under the 2016 median. HPI slightly down on Sept 2018.

Can anyone please post the link to the REINZ article? Thanks

Thanks HG

Net migration up 9.4%, house prices up. How will this be perceived by Labour voters? Eventually, the virtue signalling is going to wear off and a lot of younger Labour voters will seriously question their allegiance to this govt. The property ponzi just got a serious dose of lighter fluid, more debt, less savings, less investment in productive assets. What a shame.

.

'The national median house price hit a record high in September with sales volumes also firmer"
Yippee ki yay MF who said house price is crashing?

Mike Kirk, Retired Poppy, Joe Wilkes, DGM, CJ099, Independent Observer, Voice of Reason, the glc, Cowpat, Courtjester, Glitzy, alittle, Nic Johnson, the guy at DFA...

Incorrect, misquoting again. See my stated position elsewhere on this page.

We all know your position from multiple, multiple, multiple earlier posts

Yet you're saying he said prices will crash this September. He didn't. Actually, I'm starting to wonder if any of the people you listed have said such a thing.

He is admitting forecasting a "fall" of 25% in his post below at 12:19pm. Technically a fall of 20% and over is considered a crash. (I don't know what you're talking about "September")

You're forgetting.......PropertyPrices2Fall.

Lol, I think PP2F has found his way back under the name of DGM

Wrong again, Yvil. Where did I say that house prices will crash this September?

Hay don't leave me out.

Yavil full of tripe as usual, you know I only talk about Auckland - which that market is flat as a pancake and still below it's peak price "Auckland - Still below the record of $900,000 set in March last year". Did you miss that info? I see you did how convenient for you. :)

Dryvil.

͡° ͜ʖ ͡ -

Looking at the graphs for Auckland: median prices maintain a downward trend, sales volume maintain a downward trend, days to sale maintain an upward trend.

One month of data doesn’t tell us much. Particularly when considered in the context of usual seasonal variation.

I wonder how much the "usual" seasonal pattern is relevant right now. The market looks... very strange to me. The spring uplift in listings seems to be totally MIA, at least in Auckland. Either the next few weeks are going to be extremely busy with new listings, or the entire pre-holiday window looks like a bust (at least in terms of volumes).

REINZ states listings in Auckland 22.5% lower than a year ago.
Logically, if there is a lot less OTM, a lot less will sell.
RE NZ Auckland total listings for houses and townhouses 30.10.18 was 13,667.
Today it is 10,706. So, it is standing 21.66% lower.
Unless it goes on a tear, what this says is that vendors are not keen on listing
Also, the % of listings over 90 days old has fallen a lot in last 6 weeks, which indicates that they are waiting it out for more price rise (hopeful I believe)
Last October new listings per day was 7.4 in Hibiscus Coast. So far, in last 35 days, it is 5.11
People I speak to on doorstep - quite a few owners are doing Reno instead of moving.
FHB are everyone's hope as only they are borrowing more than a year ago.
So, if your suburb median is much above $775k, unlikely you will get a sales increase.

"Logically, if there is a lot less OTM, a lot less will sell."

Nope, that doesn't follow. If there are less buyers looking to buy, less will sell, if there are plenty of buyers but few sellers, then everything on the market could sell.

Yes but the logic is sound: cannot sell what is not OTM

Let me know when stock in auckland drops into the hundreds..

My forecast was (for those who keep misquoting it) NOT for a "crash" in prices in Auckland.
It was a drop of 25% in median price from the $900k recorded in March 2017, to occur by end of 2021.
Separately, a comment on DTS metric: this takes no account Agents re-cycling property by taking it off market and then (perhaps another) Agent putting it back up. Lo, at that point it becomes a new listing and counting begins again. Hence, metric is of no value. Prices are rising because of a shortage of listings primarily, and in particular of listings where people want to buy, at low enough price. Unfortunately, what happens (in Hibiscus Coast for example) is that when median falls in a suburb sales rise and if it does not, they fall. Although sales are rising in Auckland, mortgage lending is flat nationwide and this indicates credit creation is stalling, along with GDP. So, the bank economist forecast for 7% rise in prices next year is unlikely. Median price drop will accelerate next year and into 2021, due to rising unemployment as well as recycled loans for developers being reset at higher levels when revenues to them are falling. There will be no price "crash"

A drop of over 20% in shares and property is commonly referred to as a "crash" or also as a bear market

Hi Yvil,

fair comment. Unfortunately, public impression is that it has to happen all of a piece, ie suddenly.
Although that is common with shares, not so much with houses

NZ residential sales first 8m of 2018: 51,425.
First 8m of 2019: 47,089
Or 8.4% down.
Interest rate cuts nothing compared to rising sale price

Interest rate cuts plus more immigration means higher prices and more sales?
Price rise mainly I feel due to lower availability of what people want to buy, in right place.
As for sales:

Auckland, 8m of 2018, residential only sales: 14,647
8m of 2019: 13,000.
Or 11% down.
Apartments: 2458 v 1728, or 29.6% down.

FACTS

If fewer apartments are selling (as a percentage of total sales), then the composition of sales changes and possibly impacts the median.

.....just sifting through the data for Auckland ....the peak median price was March 2017 at $900k .....March 2018 $880k ....March 2019 $850k .....so for all your property bulls, are you going to tell me that this trend is going to reverse for March 2020 ? ....I think not, but no doubt you will come up with some reasons to buck this trend ......never got into Auckland property as an investment myself ....if I couldn't get at least an 8% gross return I wouldn't bother.

Just a thought, but we do need to keep in mind that stock of housing is rising all time, and especially since 2014.
So, when comparing we really need to compare total sales, as a % of stock.
This is problematic because Census not out yet to show owner occupied stock, in Auckland especially.
Total residential sales in Auckland in first 8m of 2017 were 13,363 and in 2019 were 13,000.
In 8m of 2018 it was 14,647. So sales drop is 11% compared to last year, over more reliable period of 8m.
This is despite falling costs of payments on mortgages.
Meanwhile, how much has stock gone up in those 2 years (2017-19)?
Talking about Spring recoveries is a short perspective. There is always a sales increase in Spring.
However, compared to 2018, in first 8m, Auckland residential sales are lower by 11%
Section sales are lower by 42%
Apartment sales are lower by 29.7%

Crux, evidently enough, of sales trend, is price. Interest rate cuts and immigration are minor factors in comparison. Plus, mortgage lending is not rising, except amount FHB. Total lending is flat year on year.

Don’t we usually see Barfoots results on a Tuesday? Having looked at their Auction results page nothing remarkable happen last week.

An Australian Architect has just made a video on yesterdays revealing article about poor quality concrete and reinforcing in New Zealand buildings! A must see video

https://youtu.be/aY7pYEc2dG4

Mike Kirk, can you please post a site that shows us your current real estate listings please, as I may be interested in buying one through you?
Sorry,I forgot, you can’t as you are no longer a real estate agent, even though you stated that you were.
No credibility now!

"can you please post a site that shows us your current real estate listings please" I don't think he's in the same level of stupidity as your comment!

More interesting question is how is TM2's comment related to poor quality concrete.....

His thoughts seemed to revolve around one thing, the ChCh rental yields... for a while. Then he found out that Mike Kirk is (was?) a real estate agent... and now, TM2 has an unnatural fixation with these two things.

Robot, what is your point?
ChCh has the best market in the country for property Investors.
You are able to buy great property at affordable prices and positively geared that enable you to operate a successful business.
Capital gains take care of themselves.

There aren't that much in the way of capital gains in Christchurch at the moment. Just saying.

CHCH is an OK to live city if you can deal with the skinheads! or join them...

That is an old posting for Mike Kirk advertising g himself, saying that he was at Telos Group!!!!
Post me on this site, Mr Kirks current listings that he is selling!
He is no longer down as an agent at Telos Group and that is why he is so negative towards property in Auckland.
You can not because Mr Kirk is no longer a real estate agent at Telos Group despite him saying that he was!!
He has no credibility until he admits that he is no longer a practicing agent, however he puts himself forward as this analytical expert on Auckland property.

So a real estate agent who quits his job suddenly forgets everything he learned? Thus disqualifying him from posting statistics... Is that what you're trying to say?
Should only real estate agents be allowed to post statistics from now on?

Mike Kirk obtained his RE licence last year, it doesn't exactly represent a huge experience in the field

Try Sept 2017 in fact

Jester, of course an ex agent can post statistics if they are accurate.
The point being is that Mike Kirk posted that he was a current real estate agent that was practicing, when he clearly is not!
His credibility therefore has to be questioned as to being an expert.
Haven’t got any problem with him posting but no real estate salesperson that is practicing would ever comment the way Mr Kirk does.
You can see why he is no longer selling property as no one would want him selling their property.

That's alright we know who the main Estate Agents are and you're mate Gordan pointed you out as one.

Are not LPs supposed to wear out at some stage?
There are around 6500 Agents in Auckland. they do NOT all have a minimum of one listing.
They are however, trying to obtain listings.
This is practicing Real Estate.
Your obsession on this point is approaching troll status. Try engaging with the arguments.

Mike Kirk, you are being dishonest with everyone if you are saying that you are a practicing real estate agent!!!
Are you saying that you are a practicing real estate agent at the moment?
If so, who are you working for?
If Telos Group, please explain why you are not down as working for Telos Group?
I look forward to your answer.

I work for Telos Group.
If you want confirmation, call them and ask.
I think someone suggested this to you and you do not seem to have done so.
I do not appreciate your attempts to smear me.
I am not dishonest in respect to my professional representation.
Continuing to suggest so is a form of slander.

Mike, never slander anyone.
I note that your name does not appear as a salesperson for Telos Group on the Real Estate.Co Webb site which is very surprising if you were still with Telos Group?
You advertisedyourself as a Market Researcher and that is great and I wish you all the best with selling real estate.
Apart from the standard Telos Group ad for salespeople which shows that you were once with them, there was nothing online with you and any listings?

TM2, you are pretty much on the verge of being reported for damaging the reputation other posters! And being a creep for stalking people..

Chairman, quite the opposite.
Promoting Mike by giving him the opportunity to promote all of his listings, but none through as yet.
So going on google to find an agent in NZ that used his name on here is stalking?
You are along way off the mark Chairman!

"So going on google to find an agent in NZ" It's perfectly Ok if you are goggling a person so that you can use his/her professional service.
"google to find an agent in NZ" so that you can expose him/her real identity on a public forum and rubbish his/her opinion and reputation, in my book is stalking and a creep...!

Yep very creepy almost as creepy as Yvil trying to set up a stalking date through interest.co.nz (Shiver). Though his crying about being stud-up on his date was even weirder.

Chairman, seriously, Mike Kirk used his real name, so hardly exposing his real identity!!!!!!!!
He stated he was a real estate agent practicing, did not rubbish his opinion at all!
I questioned the fact that he was a practicing real estate salesperson!

Glad that’s sorted
Have a nice eve

Technically it's libel.

Bollacks!
How is questioning someone libellous?
I am still awaiting the listings!

I mean in terms of the medium in which the defamatory statement is made. To be slander it needs to be spoken, whereas libel is published.

There has to be untruths spoken or written and there has not been either.

Don't waste your breath Mike just state the facts as you are, very good reading. Its great that you are doing a good job, if I was around your neck of the woods I would look you up as your honest and we could have a good conversation based on my goals.

I suspect if you sold snake-oil and talked about prices growing 10% YoY, whilst patting yourself on the back telling us how great you are,TM2 would respect your opinion more.

Thanks for that. Good advice

Where on earth did I say that I didn’t respect what Mike Kirk was writing?
All I was Questioning was whether Mr Kirk was a practicing agent currently as he was not showing as being a current practicing salesperson in NZ on the Real Estate.co website and had no listings currently for sale, that is all!
How is that slander or libel?
It is not!!!

Where on earth did I say that I didn’t respect what Mike Kirk was writing?
All I was Questioning was whether Mr Kirk was a practicing agent currently as he was not showing as being a current practicing salesperson in NZ on the Real Estate.co website and had no listings currently for sale, that is all!
How is that slander or libel?
It is not!!!

Absurd.

a) an unsustainable immigration rate
b) an inelastic RMA
c) a tax system favouring the most unproductive use of capital bidding up land prices
d) absolute carbon targets (not per capita whilst running one of the highest immigration rates per capita in the world)
e) a government incapable of addressing the above

Its no wonder NZ continues to slide in gdp/capita rankings vs other countries

Well...yeah...but any attempt to change an iota of this has folk wailing and gnashing their teeth that there's a "war on landlords" and other such absurdities. We must govern the country for the generations who received affordable housing from their predecessors and have turned it into their portfolios and nothing else, with no regard to next generations.

The CGT was not retrospective. So it's not established landlords (those you ambiguously refer to) who would benefit from it being canned. And established landlords arent necessarily those of a certain age group, stop being ageist RickStrauss

JA has well and truly put cgt in the too-hard basket and she did it all herself. Firstly putting cgt on the table to be implemented in the first term, then the captains call, then axing cgt whilst she is PM. It would be a brave politician who would want to revisit the subject.

"And the Auckland market seemed to shake of its winter blues with the median price rising $18,000 or 2% to $848,000 from $830,000 in August. But that was still below the record of $900,000 set in March last year."

Wasn't the Auckland record hit in March 2017, not last year (March 2018 was $880,000)? Is this a typo?

Seems only a year or so the RBNZ was trying to slow down the overheated property market. Now its trying to heat it up again with its OCR policy maneuvers by reducing interest rates. Whatever.