Dear Resident,
The number of sales of dwellings including apartments in Waitakere City for March was 473. There were 56 sections sold. The median selling price in March was $732,500 up from February which was $683,000. The average days to sell was 29.
Both numbers of sales and prices saw a big increase. The pause in West Auckland house prices seems to be at an end.
| Suburb | Median selling price Mar 2016 | No sold | Days to sell |
| Titirangi | $861,000 | 31 | 30 |
| West Harbour | $850,000 | 21 | 34 |
| Glendene | $720,750 | 14 | 36 |
| Henderson | $712,500 | 88 | 27 |
| Hobsonville | $920,000 | 8 | 13 |
| Massey | $660,000 | 57 | 30 |
| Ranui | $640,000 | 24 | 29 |
| Sunnyvale | $572,000 | 11 | 25 |
| Te Atatu Peninsula | $916,000 | 27 | 31 |
| Te Atatu South | $740,000 | 37 | 29 |
| Glen Eden | $689,000 | 43 | 27 |
| New Lynn | $638,000 | 50 | 28 |
| Laingholm | $802,500 | 6 | 32 |
| Swanson | $855,000 | 5 | 25 |
| Oratia | $1,426,000 | 5 | 59 |
| Royal Heights | $714,250 | 6 | 22 |
| Herald Island | $1,100,000 | 5 | 14 |
| Whenuapai | $898,000 | 4 | 38 |
| Waitakere | $700,000 | 4 | 74 |
| Kelston | $691,944 | 6 | 30 |
| Green Bay | $778,500 | 8 | 16 |
The predictions are for further falls in the OCR (official cash rate) either on the 28th of April or the 9th of June. Even though the OCR currently at 2.25% is a historic low in New Zealand some analysts suggest an OCR of 1.5% by the end of 2016.
Capital Gains March 2011 – 2016 Median Prices
Sunnyvale 67.7%
Swanson 83.9%
New Lynn 77.2%
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