My Account
Real Estate Institute of NZ chief executive Jen Baird says house price rises continue to defy expectations.
“Buyers hoping for a bargain over winter might be disappointed,” she says.
• The most expensive suburb to buy a house on the Hibiscus Coast is Silverdale, with a median house price of $1,295,000.
• The most affordable is Stanmore Bay, where the median house price is $952,000.
• In April 2020, Gulf Harbour’s median house price was $293,900. That grew to $842,700 in March last year – an average annual growth rate of 5.41 percent.
• In January 2020, Red Beach’s median house price was $279,400. That grew to $956,700 by March last year – an average annual growth rate of 6.27 percent.
• The number of residential properties sold in June across NZ increased by 6.2 percent compared to the same time last year (from 6913 to 7345) – the highest for a June month for five years.
