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.

 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