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