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