Housetalk Issue 186

Posted on June 21, 2017 by John Goodrum

Dear Resident,

The number of sales of dwellings including apartments in Waitakere City for May was 280. There were 13 sections sold. The median selling price was $755,000 and the average days to sell was 37.

       Sale Prices    
Suburb Median selling price
May 2017		 No sold Days to sell
Green Bay $885,500 6 40
Titirangi $880,000 18 21
Sunnyvale $739,500 6 26
West Harbour $900,000 10 36
Hobsonville $959,000 13 53
Glendene $814,000 5 21
Henderson $710,000 51 32
Massey $760,000 31 36
Ranui $681,000 19 33
Royal Heights $690,000 5 32
Swanson $820,000 11 52
Te Atatu Peninsula $940,000 14 44
Te Atatu South $686,000 17 54
Glen Eden $700,000 31 37
Kelston $724,000 10 40
New Lynn $710,000 17 45
Piha $739,000 3 16

Capital Gains May 2012 – 2017 Median Prices 

Glendene           119.1%

Kelston               126.3%

Massey               111.1%

On the 11th of May the reserve bank announced an unchanged official cash rate (OCR) of 1.75% meaning there has been no change this year. The indications are that there will be no change this year and possibly even no change in 2018.

Having said that the trading banks have been increasing both floating and fixed term mortgage rates making the cost of financing mortgages higher. In Auckland house prices fell by 0.7% in May and West Auckland was the same with a fall of 0.7%.

The number of property sales in Waitakere City was up from April by around 17%. The shortage of houses is getting worse not better and I feel this slight fall in prices last month will not be the sign of ongoing price falls.

Simple supply—demand dictates prices will in fact rise as the shortage of houses grows at the same time as demand is growing as the population of Auckland
increases. We don’t however have a free market where supply and demand issues alone determine prices.

The Loan to Value Ratio (LVR), central bank restrictions and other controls on the lending banks mean it is harder to obtain mortgages. Expect to see sluggish market sales until after the general election now in September.

Do you want to know the value of your property? Its probably worth more than you think. Contact me for a free no obligation value update.

Best wishes,

John Goodrum

Licensee Agent REAA 2008

021945140

thelegendofthewest@gmail.com

 

Posted in Uncategorized | Tagged , , , , , , , , | Leave a comment

Te Atatu Peninsula Newsletter Issue 58

Posted on June 21, 2017 by John Goodrum

Hello again,

The number of sales in May was 14 and the median selling price was $940,000. The average days to sell was 44. There were 3 sales of $1,000,000 or over. The highest value sale was 10 Celsmere Lane at $1,260,000.

 

Address

  

Sale Price

  

Address

  

Sale Price
 

14/17 Harbour View Rd

  

$530,000

  

392A Te Atatu Road

  

$950,000
 

1/52 Neil Ave

  

$760,000

  

5 Glenford Lane

  

$960,000
 

64 Yeovil Road

  

$800,000

  

24 Toru Street

  

$988,000
 

1/9 Gloria Ave

  

$810,000

  

105B Matipo Road

  

$995,000
 

5 Hikurangi Street

  

$860,000

  

26 Taipari Road

  

$1,100,000
 

11 River Road

  

$912,000

  

66 Yeovil Road

  

$1,100,000
 

484 Te Atatu Road

  

$930,000

  

10 Celsmere Lane

  

$1,260,000

6 Street Spotlight

 

 

STREET

 AVERAGE SELLING PRICE  2007 AVERAGE SELLING PRICE 2017 NUMBER OF SALES SINCE 2007
Yeovil Road $431,642 $950,000 47
Hikurangi Street $277,500 $860,000 16
Glenford Lane $322,500 (2006) $960,000 8
Taipari Road $354,750 $1,000,500 41
Celsmere Lane $420,000 $1,260,000 9
Te Atatu Road $409,000 $870,714 169

Average Rent for Te Atatu Peninsula: 1st December 2016 – 31st May 2017

BEDROOMS DWELLING TYPE AVERAGE RENT/WEEK
2 Flat $397
3 Flat $500
2 House $420
3 House $525
4 House $650

Did You Know?  

The lowest number of sales in a month on the Peninsula in the last 10 years was 7 sales which was in December 2008.

Quote of the month:

I finally figured out how to make a million dollars in the real estate business. You start out with two million dollars…..Real estate agents world-wide.

Until next time,

Best wishes,

John Goodrum

 

 

Posted in Uncategorized | Tagged , , , , , , | Leave a comment

THE WEST AUCKLAND RESIDENTIAL LANDLORD NEWSLETTER Issue 31

Posted on June 21, 2017 by John Goodrum

Hello,        

Welcome to the thirty-first edition of the West Auckland monthly Residential Landlords Newsletter.

I am a landlord myself and have been for over 30 years. I currently own rental properties in South Auckland, the North Shore and of course West Auckland. Being a high preforming Real Estate Agent (top 1% in New Zealand) for over 26 years and always working in West Auckland I know the real estate market and the rental market very well.  

In this and future newsletters I hope to provide ongoing up to date information relevant to landlords who own rental properties in West Auckland.  

Regular features will include: 

  • Current sale prices
  • Current mortgage rates
  • Current rents
  • A monthly suburb spotlight review
  • A relevant feature article each month   

 


     Sale Prices
Suburb

Median selling price
May 2017

 No sold Days to sell
Green Bay

$885,500

6

40
Titirangi

$880,000

18

21
Sunnyvale

$739,500

6

26
West Harbour

$900,000

10

36
Hobsonville

$959,000

13

53
Glendene

$814,000

5

21
Henderson

$710,000

51

32
Massey

$760,000

31

36
Ranui

$681,000

19

33
Royal Heights

$690,000

5

32
Swanson

$820,000

11

52
Te Atatu Peninsula

$940,000

14

44
Te Atatu South

$686,000

17

54
Glen Eden

$700,000

31

37
Kelston

$724,000

10

40
New Lynn

$710,000

17

45
Piha

$739,000

3

16

 Source REINZ

Current Mortgage Rates (16/06/2017)

Float

1 yr fixed

2 yr fixed

3 yr fixed

5 yr fixed
ANZ

5.79%

4.49%

4.85%

5.49%

6.09%
ASB

5.80%

4.45%

4.74%

5.09%

5.69%
BNZ

5.90%

4.59%

4.74%

5.09%

6.09%
Westpac

5.95%

4.59%

4.85%

5.09%

5.59%
Kiwi Bank

5.70%

4.69%

4.79%

5.25%

5.99%
Best of other lenders

5.00%

4.09%

4.29%

4.89%

5.59%

Source – J Goodrum – Internet search

Current Rents
1st Dec 2016 – 31st May 2017
Glen Eden Average Rent Bonds Paid Royal Heights/Massey
2 brm flat $387.00 18 1 brm flat $285.00 15
2 brm house $400.00 27 2 brm flat $390.00 8
3 brm house $480.00 110 3 brm flat $465.00 9
4 brm house $560.00 19 2 brm house $420.00 27
Glendene 3 brm house $480.00 144
2 brm flat $380.00 15 4 brm house $590.00 35
2 brm house $405.00 30 5+ brm house $670.00 13
3 brm house $490.00 65 Te Atatu South
4 brm house $570.00 21 1 brm flat $315.00 6
Henderson 2 brm flat $410.00 14
1 brm apartment $330.00 6 2 brm house $420.00 24
1 brm flat $310.00 25 3 brm house $500.00 57
2 brm flat $397.00 40 4 brm house $580.00 13
3 brm flat $430.00 11 5+ brm house $680.00 5
1 brm house $325.00 14 Te Atatu Peninsula
2 brm house $420.00 66 2 brm flat $397.00 12
3 brm house $490.00 230 3 brm flat $500.00 5
4 brm house $580.00 78 2 brm house $420.00 21
5+ brm house $715.00 32 3 brm house $525.00 92
Kelston 4 brm house $650.00 26
1 brm apartment $320.00 16 Titirangi
1 brm flat $300.00 14 1 brm flat $325.00 12
2 brm flat $375.00 21 2 brm flat $390.00 13
3 brm flat $450.00 9 2 brm house $420.00 30
2 brm house $405.00 34 3 brm house $530.00 85
3 brm house $495.00 82 4 brm house $600.00 23
4 brm house $590.00 21 West Harbour
New Lynn 2 brm apartment $525.00 8
1 brm apartment $350.00 24 1 brm flat $322.00 6
2 brm apartment $450.00 18 2 brm flat $350.00 7
1 brm flat $330.00 13 3 brm flat $515.00 6
2 brm flat $390.00 37 1 brm house $315.00 8
3 brm flat $475.00 11 2 brm house $480.00 33
2 brm house $430.00 46 3 brm house $550.00 109
3 brm house $500.00 104 4 brm house $720.00 56
4 brm house $600.00 25 5+ brm house $792.00 20
5+ brm house $690.00 7 Western Beaches / Rural
Ranui 1 brm flat $290.00 8
2 brm flat $380.00 9 2 brm flat $400.00 7
3 brm flat $440.00 7 2 brm house $410.00 33
2 brm house $400.00 16 3 brm house $500.00 56
3 brm house $460.00 77 4 brm house $600.00 24
4 brm house $580.00 13 5+ brm house $750.00 7

 Source NZ Government building & housing 

Spotlight on capital gains

Hobsonville

Date

Median selling price

5 year gain %
May 1997                              $340,000

 -
May 2002                              $345,000

+ 1.5%
May 2007                              $467,500

+ 35.5%
May 2012                              $527,000

+ 12.7%
May 2017                              $959,000

+ 82.0%
Over 20 years

+ 182.1%

Spotlight on capital gains

Glendene

Date

Median selling price

5 year gain %
May 1997

$218,000

 -
May 2002

$180,362

- 17.3% 

May 2007

 $418,000                  

+ 131.8%
May 2012

$370,750

- 11.3%
May 2017

 $814,000

+ 119.6%
Over 20 years

+ 273.4%

Source NZ department of statistics

 

 The Auckland Unitary Plan – Some Implications  

The major objective of the now operational (since November last year – with some sections not operative pending court of appeal hearings) plan is to make Auckland one of the world’s most liveable cities by meeting Auckland’s housing and economic needs. This entails freeing up more land and intensification with building houses now permitted on smaller sections of land and in many areas multi-story dwellings. The freeing up of more land much of which is only available in the outer suburbs means a lot of “greenfields” building is underway or planned. 

In the West developments such as those at Hobsonville Point, Whenuapai, Swanson and Riverhead are examples of such greenfields development. The results of such greenfield development are much more traffic as the roading network struggles to keep up. From Swanson it is possible to commute by train and from Hobsonville Point a ferry goes to downtown Auckland but the service is not regular enough to offer a viable alternative to the car at present. Huapai and Riverhead don’t have adequate bus service and that means cars a plenty.  

Intensification brings with it a lot of other problems. An example of this is a concept plan which was drawn up for a 54 apartment complex at 57 and 59 Kervil Ave in Te Atatu Peninsula. Currently 57 and 59 Kervil Ave are both 3 bedroom, 1 bathroom homes, one on an 809m2 and the other on a 850m2 section. If that development and others like it go ahead then around 25 times the number of toilets, bathrooms and accompanying wastewater have to be accommodated. The existing services surely cannot cope should several of these developments take place in close proximity to each other. Kervil Ave is an average street of 105 original sites so if an extra 150 apartments (3 such developments) appear in the street cars / vehicle parking would be chaos.  

Yes the planners expect the residents to use public transport = buses only but without a service geared up to meet demand that is not a real option. There is no easy answer but a lot of the consequences of years of underspending on infrastructure by Auckland Council will soon become very, very apparent. If you would like to discuss your rental property situation please call me for a confidential discussion. 

Until next time,

Best wishes,


John Goodrum
Licensee Agent REAA 2008
021945140
 09 838 8895

Posted in Uncategorized | Leave a comment

THE WEST AUCKLAND RESIDENTIAL LANDLORD NEWSLETTER Number 30

Posted on May 23, 2017 by John Goodrum

Hello,        

Welcome to the thirtieth edition of the West Auckland monthly Residential Landlords Newsletter.

I am a landlord myself and have been for over 30 years. I currently own rental properties in South Auckland, the North Shore and of course West Auckland. Being a high preforming Real Estate Agent (top 1% in New Zealand) for over 26 years and always working in West Auckland I know the real estate market and the rental market very well. 

In this and future newsletters I hope to provide ongoing up to date information relevant to landlords who own rental properties in West Auckland.  

Regular features will include: 

  • Current sale prices
  • Current mortgage rates
  • Current rents
  • A monthly suburb spotlight review
  • A relevant feature article each month       

     Sale Prices
Suburb

Median selling price
April 2017

 No sold Days to sell
Titirangi

$912,500

16

36
Sunnyvale

$620,000

9

31
West Harbour

$939,000

9

40
Hobsonville

$958,000

14

62
Glendene

$695,000

6

41
Henderson

$793,000

38

31
Massey

$719,000

32

32
Ranui

$662,450

13

30
Swanson

$730,000

5

38
Te Atatu Peninsula

$935,000

10

48
Te Atatu South

$890,000

13

44
Glen Eden

$745,000

26

32
Kelston

$640,000

4

31
New Lynn

$685,000

18

33

 

Source REINZ

Current Mortgage Rates (17/01/2017)

Float

1 yr fixed

2 yr fixed

3 yr fixed

5 yr fixed
ANZ

5.79%

4.49%

4.85%

5.59%

6.09%
ASB

5.80%

4.45%

4.74%

5.49%

5.69%
BNZ

5.90%

4.59%

4.79%

5.09%

6.09%
Westpac

5.84%

4.59%

4.85%

5.09%

5.84%
Kiwi Bank

5.70%

4.69%

4.79%

5.25%

5.75%
Best of other lenders

5.00%

4.09%

4.29%

4.89%

5.59%

Source – J Goodrum – Internet search

Current Rents
1st Nov 2016 – 30th Apr 2017
Glen Eden Average Rent Bonds Paid Royal Heights/Massey
2 brm flat $385.00 14 1 brm flat $280.00 14
2 brm house $380.00 27 2 brm flat $380.00 9
3 brm house $480.00 106 3 brm flat $457.00 12
4 brm house $580.00 16 2 brm house $420.00 27
Glendene 3 brm house $480.00 143
2 brm flat $380.00 11 4 brm house $590.00 37
2 brm house $400.00 28 5+ brm house $685.00 12
3 brm house $485.00 69 Te Atatu South
4 brm house $557.00 18 1 brm flat $295.00 6
Henderson 2 brm flat $405.00 12
1 brm apartment $330.00 7 2 brm house $420.00 19
1 brm flat $310.00 27 3 brm house $500.00 58
2 brm flat $390.00 45 4 brm house $587.00 12
3 brm flat $435.00 14 5+ brm house $770.00 5
1 brm house $335.00 16 Te Atatu Peninsula
2 brm house $420.00 64 2 brm flat $380.00 13
3 brm house $490.00 239 1 brm house $320.00 5
4 brm house $580.00 82 2 brm house $412.00 18
5+ brm house $700.00 33 3 brm house $525.00 99
Kelston 4 brm house $680.00 20
1 brm apartment $320.00 13 5+ brm house $650.00 5
1 brm flat $295.00 13 Titirangi
2 brm flat $368.00 22 1 brm flat $330.00 17
3 brm flat $450.00 9 2 brm flat $390.00 9
2 brm house $400.00 27 2 brm house $407.00 30
3 brm house $492.00 74 3 brm house $512.00 78
4 brm house $600.00 15 4 brm house $580.00 19
New Lynn West Harbour
1 brm apartment $350.00 21 2 brm apartment $525.00 9
2 brm apartment $420.00 17 1 brm flat $315.00 6
1 brm flat $340.00 13 2 brm flat $400.00 6
2 brm flat $390.00 42 3 brm flat $515.00 6
3 brm flat $485.00 14 1 brm house $315.00 6
2 brm house $430.00 46 2 brm house $460.00 28
3 brm house $500.00 100 3 brm house $550.00 107
4 brm house $600.00 26 4 brm house $700.00 54
5+ brm house $695.00 6 5+ brm house $770.00 18
Ranui Western Beaches / Rural
2 brm flat $380.00 6 1 brm flat $300.00 7
3 brm flat $440.00 6 2 brm flat $405.00 6
2 brm house $390.00 14 2 brm house $405.00 29
3 brm house $450.00 85 3 brm house $500.00 52
4 brm house $575.00 10 4 brm house $610.00 21
5+ brm house $745.00 6

 

Source NZ Government building & housing 

 

Spotlight on capital gains

Henderson

Date

Median selling price

5 year gain %
Apr 1997                              $188,000.00

 -
Apr 2002                              $176,500.00

- 6.1%
Apr 2007                              $357,000.00

+ 102.3%
Apr 2012                              $407,500.00

+ 14.2%
Apr 2017                              $793,550.00

+ 94.7%
Over 20 years

+ 322.1%

Spotlight on capital gains

Te Atatu Peninsula

Date

Median selling price

5 year gain %
Apr 1997

$199,500.00

 -
Apr 2002

$191,750.00

- 3.9% 

Apr 2007

 $485,000.00                    

+ 152.9%
Apr 2012

$465,000.00

- 4.1%
Apr 2017

 $935,000.00

+ 101.1%
Over 20 years

+ 368.7%

Source NZ department of statistics 

 

So what is the future for the rental market in New Zealand? 

I believe it is very bright for landlords. It is expected to continue to grow. Even if the percentage of people renting (33% in 2016) stayed the same, the growth in the number of houses would mean that the number of rental properties will grow. 

It is likely however, that the percentage of people renting will also continue to increase as it has for the past 25 years. The reasons are the shortage of houses in Auckland, which will for some years yet not be eliminated and mean prices will continue to rise, meaning less people will be able to afford to buy.

Rents are likely to increase as house prices increase but rent rises usually lag behind house price rises. Remember also that as house prices rise it is not certain that rents will rise. 

In the UK for example, in London there is a shortage of houses and prices are rising, yet rents are falling slightly. Brexit perhaps? The political scene can have a significant effect. The general election this year could change things dramatically. 

The New Zealand House Rental Market – Past, Present and Future

The peak of home ownership in New Zealand was in 1986, when 76% of New Zealander’s owned their own home. That meant that 24% were renting. The ownership rate declined in the 1990’s and has continued to fall ever since. 

The main reasons for the growing numbers of rentals is the rising prices of houses. In West Auckland, the median house price in 1992 was $112,000. Today it is $760,000. That is a 578.6% increase in 25 years or 23% straight line increase each year. For many over the years, as today, house purchase is not affordable. 

Today in New Zealand, 33% or 1 in every 3 houses in rented. Is that a bad thing? Well, it is not a sign of a poor economy. After all, the New Zealand economy is one of the best performing in the OECD (Organisation for Economic Co-Operation and Development countries) which include much of the European Union, USA, Japan, Korea, Australia and Canada.  

Also, it is interesting to note that one of the poorest performing economies in Europe – Spain, has the highest owner occupancy rates at 83.2% (16.8% rentals) and the best performing European economy is Germany, which has the lowest owner occupancy at 43% meaning 57% of Germans rent their house. 

If you would like to discuss your rental property situation please call me for a confidential discussion. 

Until next time, 

Best wishes, 

John Goodrum

Licensee Agent REAA 2008
021945140
 09 838 8895

Posted in Uncategorized | Tagged , , , , , , , | Leave a comment

Housetalk Issue 185

Posted on May 18, 2017 by John Goodrum

Dear Resident,

The number of sales of dwellings including apartments in Waitakere City for April was 230. There were 27 sections sold. The median selling price was $760,000. The average days to sell was 35.

       Sale Prices    
Suburb Median selling price
April 2017		 No sold Days to sell
Titirangi $912,500 16 36
Sunnyvale $620,000 9 31
West Harbour $939,000 9 40
Hobsonville $958,000 14 62
Glendene $695,000 6 41
Henderson $793,000 38 31
Massey $719,000 32 32
Ranui $662,450 13 30
Swanson $730,000 5 38
Te Atatu Peninsula $935,000 10 48
Te Atatu South $890,000 13 44
Glen Eden $745,000 26 32
Kelston $640,000 4 31
New Lynn $685,000 18 33

Capital Gains April 2012– 2017 Median Prices

 

Henderson                       94.7%

Te Atatu Peninsula              101.1%

Te Atatu South                 160.2%

The reserve bank once again left the official cash rate (OCR) unchanged at 1.75% on the 11th of May. Graeme Wheeler, the Reserve Bank Governor, indicated that he did not expect to change the OCR in the foreseeable future (meaning not this year and
possibly not until well into 2018, if then).

The reasons given were low inflation, a lower NZ dollar which helps exporters, strong household spending and slower house price increases, especially in Auckland.

Of concern was political uncertainty (he was referring to world politics but I am sure he has an eye on possible NZ politics with this year’s general election in September).

He expects some house price increases but nothing like we have seen in the past couple of years.

The obvious reasons for this (in Auckland) is the shortage of houses, strong net
migration, a shortage of building trades workers and low interest rates. As far as I can see, none of these factors are likely to change quickly so it is reasonable to expect house prices to increase, all be it at a slower rate than last year because of Reserve Bank’s lending restrictions to borrowers.

Do you want to know the value of your property? Its probably worth more than you think. Contact me for a free no obligation value update.

Best wishes,

John Goodrum

Licensee Agent REAA 2008

021945140

thelegendofthewest@gmail.com

Posted in Uncategorized | Tagged , , , , , | Leave a comment

Te Atatu Peninsula Newsletter Issue 57

Posted on May 16, 2017 by John Goodrum

Hello again,

The number of sales in April was 10 and the median selling price was $935,000. The average days to sell was 48. There were 4 sales of $1,000,000 or over. The highest value sale was 126 Beach Road at $1,458,000.

 

Address

  

Sale Price

  

Address

  

Sale Price
 

2/53 Taioma Crescent

  

$650,000

  

22 Kervil Ave

  

$950,000
 

1/16 Tawa Road

  

$846,000

  

3 Neil Ave

  

$1,065,000
 

5 Hughes Terrace

  

$850,000

  

97 Gloria Ave

  

$1,150,000
 

5 Taioma Crescent

  

$880,000

  

17 Brenan Ave

  

$1,320,000
 

15 Kervil Ave

  

$920,000

  

126 Beach Road

  

$1,458,000

6 Street Spotlight

 

 

STREET

 AVERAGE SELLING PRICE  2007 AVERAGE SELLING PRICE 2017 NUMBER OF SALES SINCE 2007
Hughes Terrace $488,000 $850,000 10
Brenan Ave $353,666 (2006) $1,320,000 11
Tawa Road $404,900 $846,000 29
Taioma Crescent $386,400 $765,000 43
Gloria Ave $429,750 $1,000,000 56
Neil Ave $347,500 $890,000 51

 Average Rent for Te Atatu Peninsula: 1st November 2016 – 30th April 2017 

BEDROOMS DWELLING TYPE AVERAGE RENT/WEEK
2 Flat $380
1 House $320
2 House $412
3 House $525
4 House $680
5+ House $650

Did You Know?
In the past 10 years April 2007 to April 2017, there has been 1924 sales on Te
Atatu Peninsula which sold for a total value of $1,306,800,000, around $1.3
billion!

Quote of the month:
I like long walks, especially when they are taken by people who annoy me…..Fred Allen.

Until next time,

Best wishes,

John Goodrum

 

 

Posted in Uncategorized | Leave a comment

Housetalk Issue 184

Posted on April 26, 2017 by John Goodrum

Dear Resident,

The number of sales of dwellings including apartments in Waitakere City for March was 348. There were 38 sections sold. The median selling price was $783,000. The average days to sell was 31.

       Sale Prices    
Suburb Median selling price
March 2017		 No sold Days to sell
Green bay $855,000 9 30
Titirangi $942,500 24 33
Oratia $1,290,000 5 30
Swanson $830,000 7 26
Sunnyvale $695,000 14 18
West Harbour $945,000 17 35
Hobsonville $999,000 11 36
Glendene $800,000 11 30
Henderson $725,900 52 33
Massey $730,000 43 31
Ranui $674,000 20 28
Royal Heights $783,500 4 36
Te Atatu Peninsula $850,000 31 30
Te Atatu South $820,000 16 38
Glen Eden $715,000 35 27
New Lynn $672,500 30 28

Capital Gains March 2012 – 2017 Median Prices

Royal Heights              85.0%

Oratia                         93.4%

Hobsonville                97.0%

The reserve bank left the official cash rate (OCR) unchanged at their 23rd March
review. The slow down in Auckland house prices probably mostly as a result of
restrictions on leading to buyers (20% deposit for buyers who will live in the property and 40% for those who will not live in the property) being I believe the major cause.

The fundamentals however have not changed, there is still a large shortage of houses in Auckland (around 40,000) and Auckland continues to grow both organically and as a result of migration to New Zealand.

If anyone has tried to have a buildings trade worker—builder, plumber, electrician, roofer, painter and so on do any work for them they will know that there is a big  shortage so prices for work will increase. These all indicate continued (but slower than last year) house price increases in Waitakere City and Auckland as a whole.

Do you want to know the value of your property? Its probably worth more than you think. Contact me for a free no obligation value update.

Best wishes,

John Goodrum

Licensee Agent REAA 2008

021945140

thelegendofthewest@gmail.com

Posted in Uncategorized | Leave a comment

Te Atatu Peninsula Newsletter Issue 56

Posted on April 26, 2017 by John Goodrum

Hello again,

The number of sales in March was 31 and the median selling price was $850,000. The average days to sell was 31. There were 10 sales of $1,000,000 or over. The highest value sale was 60 Harbour View Road at $1,840,000.

Address Sale Price Address Sale Price
4/434 Old Te Atatu Road $360,000 14 Taipari Road $901,000
7/19 Bayside Ave $525,000 22A Karamu Street $927,000
70B Taikata Road $540,000 10A Roby Street $934,500
3/15 Harbour View Road $610,000 35 Beach Road $940,000
1/2B Matipo Road $635,000 57 Waipani Road $990,000
1/663 Te Atatu Road $640,000 14 Cellamans Street $1,000,000
80A Kervil Ave $645,000 10 Kotuku Street $1,002,000
3/8 Matipo Road $720,000 730 & 730A Te Atatu Rd $1,045,000
34B Taikata Road $725,000 17 Rewarewa $1,065,000
1A Karamu Street $730,000 55 Kervil Ave $1,120,000
1/66 Taikata Road $751,000 8 Graham Ave $1,189,000
3 Justine Place $780,000 2 Glenvil Lone $1,210,000
2B Murray Place $795,000 36A Kervil Ave $1,280,000
29 Wharf Road $805,000 25A Dawnhaven Drive $1,300,000
12 Durham Street $810,000 60 Harbour View Road $1,840,000
14 Thomas Ave $850,000    

6 Street Spotlight

 

 

STREET

 AVERAGE SELLING PRICE  2007 AVERAGE SELLING PRICE 2017 NUMBER OF SALES SINCE 2007
Justin Place $238,825 $780,000 13
Old Te Atatu Road $558,875 $912,000 28
Bayside Ave $296,166 $525,000 28
Thomas Ave $295,000 $850,000 12
Durham Street $437,500 $810,000 18
Roby Street $365,000 $934,500 14

 Average Rent for Te Atatu Peninsula: 1st October 2016 – 31st March 2017

BEDROOMS DWELLING TYPE AVERAGE RENT/WEEK
2 Flat $385
2 House $410
3 House $522
4 House $635

 Did You Know?

That 70.9% of Te Atatu Peninsula dwellings are owner occupied and 29.1% are rented which is above the NZ average of 67.8% for ownership.

Quote of the month:

Now one thing I tell everyone is learn about Real Estate. Repeat after me: Real Estate provides the highest returns, the greatest value and the lowest risk…..Armstrong Williams.

Until next time,

Best wishes,

John Goodrum
021945140
thelegendofthewest@gmail.com

Posted in Uncategorized | Leave a comment

Housetalk Issue 183

Posted on April 3, 2017 by John Goodrum

Dear Resident,

The number of sales of dwellings including apartments in Waitakere City for February was 200. There were 10 sections sold. The median selling price was $805,000. The average days to sell was 37.

       Sale Prices    
Suburb Median selling price
February 2017		 No sold Days to sell
Titirangi $940,000 19 69
Sunnyvale $677,500 5 52
West Harbour $820,000 7 28
Hobsonville $859,000 10 111
Glendene $735,000 11 59
Henderson $755,000 33 48
Massey $686,250 26 30
Ranui $675,000 12 28
Piha $805,000 4 50
Te Atatu Peninsula $1,030,000 18 22
Te Atatu South $905,000 9 32
Glen Eden $788,000 11 32
New Lynn $745,750 14 32

 Capital Gains February 2012 – 2017 Median Prices

Ranui                        114.3%

Sunnyvale                90.6%

New Lynn                126.6%

The median selling price for Waitakere City was $760,000 in December, it increased to $761,500 in January and increased again to $805,000 in February.

Last month saw a new record of 71,333 net migration to New Zealand for the 12 months to February. Only 200 houses were sold in Waitakere City in February and of these only 2 were new houses. This is the lowest number of sales for Waitakere City for the last 10 years.

I hold to my prediction that house prices in Waitakere City will increase by 5-7%
during 2017. I also qualify this by saying that a change of government in September would completely change the situation and could quickly result in a fall in property prices.

Do you want to know the value of your property? Its probably worth more than you think. Contact me for a free no obligation value update.

Best wishes,

John Goodrum

Licensee Agent REAA 2008

021945140

thelegendofthewest@gmail.com

 

Posted in Uncategorized | Tagged , , , , , , , , | Leave a comment

Te Atatu Peninsula Newsletter Issue 55

Posted on April 3, 2017 by John Goodrum

Hello again,

The number of sales in February was 18 and the median selling price was $1,030,000. The average days to sell was 22. There were 10 sales over $1,000,000. The highest sale was 1A Capstan Court at $1,300,000.

 

Address

  

Sale Price

  

Address

  

Sale Price
 

1/32 Neil Ave

  

$715,000

  

8 River Road

  

$1,035,000
 

2/13 Hamurana Place

  

$786,000

  

35 Waipani Road

  

$1,050,000
 

88 Gloria Ave

  

$850,000

  

118 Taikata Road

  

$1,070,000
 

29 Dawnhaven Drive

  

$888,000

  

50 Totara Road

  

$1,113,000
 

16 Dawnhaven Drive

  

$930,000

  

1 Helga Crescent

  

$1,165,000
 

20A Murray Road

  

$942,000

  

29 Harbour View Rd

  

$1,175,000
 

10 Cellarmans Street

  

$960,000

  

35 Riverstone Road

  

$1,200,000
 

5A Moore Ave

  

$970,000

  

20 Murray Road

  

$1,225,000
 

29 Vinograd Drive

  

$1,025,000

  

1A Capstan Court

  

$1,300,000

6 Street Spotlight

 

 

STREET

 AVERAGE SELLING PRICE  2007 AVERAGE SELLING PRICE 2017 NUMBER OF SALES SINCE 2007
Neil Ave $347,500 $715,000 50
Dawnhaven Drive $590,000 $909,000 19
Cellarmans Street $564,000 $960,000 9
River Road $362,000 (2009) $1,035,000 4
Helga Crescent $493,000 $1,165,000 12
Harbour View Road $454,187 $1,175,000 56

Average Rent for Te Atatu Peninsula: 1st September 2016 – 28th February 2017

BEDROOMS DWELLING TYPE AVERAGE RENT/WEEK
1 Flat $280
2 Flat $390
2 House $415
3 House $520
4 House $620

Did You Know? 

That Te Atatu Peninsula was previously known as Te Atatu North. The name changed to Te Atatu Peninsula in 1997, that is now 20 years ago.

Quote of the month:

Real Estate is my life. It is my day job, if you will. But is consumes my nights and weekends too…..Ivanka Trump.

Until next time,

Best wishes,

John Goodrum
thelegendofthewest@gmail.com
021945140

 

Posted in Uncategorized | Tagged , , , , , | Leave a comment