Property Values Continue to Rise

Residential property values continue to climb according to the REINZ.  The national median is now $390,000 up $5,000 in the month of August.  Sales volumes are at the levels expected at this time of year.  The NZHerald article provides a couple of illustrations showing percentage value increases  in some of the major regions around the country.

Notably Auckland is leading the way with a median increase in property value of $4,600 for August 2013 and it is up on the same time last year – no surprises there.

The median house value in Auckland is now $563,000 and there was a slight drop in actual property sales in August 2013.

The region coming in second place behind Auckland is Wellington however it is a long way behind with a median house value of $380,000 and Christchurch taking out third place with a median value of $374,000.

As mentioned earlier combining all regions around the country the median house value for New Zealand is $390,000 – pulled upwards by Auckland’s booming property market.

Want to learn how you can get started as a property investor or accelerate your property investment?  The Masters – AKL 22 September & WGN 6 October

 

 islandbanner

 

 

 

This entry was posted in Property Investment Auckland and tagged , , by PropertyTutors. Bookmark the permalink.

About PropertyTutors

“PropertyTutors Limited believes the information in this publication is correct, and it has reasonable grounds for any opinion or recommendation found within this publication on the date of this publication. However, no liability is accepted for any loss or damage incurred by any person as a result of any error in any information, opinion or recommendation in this publication. Nothing in this publication is, or should be taken as, an offer, invitation or recommendation to buy, sell or retain any investment in or make any deposit with any person. The information contained in this publication is general in nature. It may not be relevant to individual circumstances. Before making any investment, insurance or other financial decisions, you should consult a professional financial adviser. This publication is for the use of persons in New Zealand only. Copyright in this publication is owned by PropertyTutors Limited. You must not reproduce or distribute content from this publication or any part of it without prior permission.”