1. Home
  2.  / What Are The Hottest Property Markets In New Zealand?

What Are The Hottest Property Markets In New Zealand?

Auckland is lagging behind the rest of the country in terms of the percentage of houses that changed hands over the past year, says Jeremy O’Hanlon, of Homes.co.nz.

14 October 2021

Auckland is lagging behind the rest of the country in terms of the percentage of houses that changed hands over the past year, says Jeremy O’Hanlon, of Homes.co.nz.

Sales volumes slowed substantially across New Zealand in the last quarter, in the build-up to the October election. This was expected – we saw the same pattern over the last election period, as homeowners and investors waited to see if there would be significant changes to housing policy.

If the last election cycle is anything to go by, as we move into the new year, I expect these volumes will pick up again.

Turnover figures are an indication of the level of market activity in each area. Areas such as Hamilton (5.7 per cent) and Tauranga (6 per cent) have maintained higher-than-average turnover. However, Auckland has maintained its position with the lowest turnover of the main centres, at just 3.8 per cent.

The highs and lows of turnover percentages aren’t massively different, but they offer a subtle insight into how active each market is.

For more details about transactions, and to see for free the prices that homes have sold for nationwide, go to Homes.co.nz. In most areas, sales are updated weekly.

SUMMER 2017

By Jeremy O’Hanlon

The editorial below reflects the views of the editorial contributor only and content may be out of date. This article is sourced from a previous JUNO issue. JUNO’s content comes from sources that it considers accurate, but we do not guarantee that the content is accurate. Charts are visually indicative only. JUNO does not contain financial advice as defined by the Financial Advisers Act 2008. Consult a suitably qualified financial adviser before making investment decisions.

Informed Investor's content comes from sources that Informed Investor magazine considers accurate, but we do not guarantee its accuracy. Charts in Informed Investor are visually indicative, not exact. The content of Informed Investor is intended as general information only, and you use it at your own risk.

Advertisement

Related Articles