Sign In / Register
The Housing Price Index measures the value change in housing or property value inflation over a period of time. Source, qv.co.nz
The average selling price for property in the Mahurangi Matters’ circulation area last year was two per cent higher than the 2015 average, according to figures released by Barfoot & Thompson.
The average price for local property last year was $494,000.
“The price range at which properties in this area sell at is among the most extreme in Auckland, and leads to major movements in the average price on a monthly basis,” Barfoot & Thompson managing director Peter Thompson says.
“In December the range was between $2.4 million and $280,000.
“However, over the course of a year the change in the yearly average gives a good indication of the change in values.”
Meanwhile, the Real Estate Institute reports that while the value of lifestyle properties hit a new high in the three months to December, fewer properties were being offered for sale.
The median price across NZ was $583,000, which was $33,000 higher compared to the last three months of 2015. Overall, 2191 lifestyle property changed ownership between October and December 2016, compared to 2277 during the same period in 2015.
Fewer farms were being marketed at the end of last year. The median price per hectare for all farms sold in the three months to December 2016 was $27,774 compared to $28,120 recorded for three months ended December 2015 (-1.2%).
