Dear Resident,
There were 130 dwellings including apartments and 1 section sold in December in Waitakere City. The median selling price for dwellings was $742,500. The average days to sell was 31.
In January there were 192 dwellings including apartments and 10 sections sold. The median selling price for dwellings was $737,000 and the average days to sell was 42.
| Sale Prices | |||
| Suburb | Median selling price December 2017 |
Number sold | Days to sell |
| Hobsonville | $979,000 | 7 | 48 |
| Green Bay | $832,500 | 6 | 30 |
| Langholm | $645,000 | 4 | 54 |
| Titirangi | $882,500 | 26 | 30 |
| West Harbour | $943,750 | 10 | 38 |
| Glendene | $752,500 | 4 | 21 |
| Henderson | $731,750 | 44 | 31 |
| Massey | $723,250 | 20 | 30 |
| Ranui | $680,000 | 18 | 33 |
| Sunnyvale | $700,500 | 8 | 84 |
| Te Atatu Peninsula | $888,888 | 13 | 42 |
| Te Atatu South | $710,000 | 19 | 28 |
| Glen Eden | $743,500 | 18 | 24 |
| New Lynn | $714,500 | 16 | 25 |
| Kelston | $672,000 | 6 | 26 |
| Swanson | $775,000 | 6 | 49 |
| Sale Prices | |||
| Suburb | Median selling price January 2018 |
Number sold | Days to sell |
| Hobsonville | $895,000 | 13 | 18 |
| Titirangi | $905,000 | 9 | 49 |
| Sunnyvale | $701,500 | 4 | 20 |
| West Harbour | $932,000 | 12 | 47 |
| Glendene | $670,000 | 7 | 36 |
| Henderson | $700,000 | 29 | 50 |
| Massey | $688,000 | 21 | 64 |
| Ranui | $702,500 | 14 | 37 |
| Sunnyvale | $700,500 | 8 | 84 |
| Te Atatu Peninsula | $850,000 | 13 | 47 |
| Te Atatu South | $691,000 | 16 | 40 |
| Glen Eden | $695,000 | 20 | 51 |
| New Lynn | $692,500 | 16 | 32 |
Capital Gains December 2012 – 2017 Median Prices
Kelston 84.1%
Glendene 79.4%
Massey 72.1%
Capital Gains January 2013 – 2018 Median Prices
Ranui 82.5%
Glen Eden 74.8%
West Harbour 66.3%
The government is implementing a change from 2 years to 5 years for the bright line test. This means if a person buys an investment property to rent out and has to sell (eg loses job and can’t afford to keep it), they will have to pay tax on any capital gains.
This will reduce the number of people buying rental properties making the
already big shortage of rental properties worse. Rents will likely increase as the shortage continues to grow. Foreign buyers can now not buy existing New Zealand houses (except Australians).
Foreign buyers can buy new houses but the government now compels them to sell after 12 months. Very few are likely to buy under these restrictions so little help will come from this source to build New Zealand housing stock.
Perhaps we need to have a conversation about that or launch another
enquiry.
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