News & Research

Monthly Property Market & Economic Update for October / November now available

26 October 2017

This monthly report created by the CoreLogic NZ Research Team covers the main economic factors that influence the housing market, and then looks at sales volumes, values, and active buyer types in both the national and main centre housing markets.

Some highlights of the October / November 2017 report:

  • Buyer Classification: Nationwide, first home buyers have increased their share to the highest level of activity (21.6% of sales) we’ve seen since Q3 2007.
  • Values: In East Auckland, the suburbs of Cockle Bay and Mellons Bay have experienced steep drops in value in the last 3 months at -3.5% and -4.8% respectively. The North Shore’s Schnapper Rock has also experienced a similar drop (-4.7%).
  • Looking to the South - the average property in Christchurch has fallen by almost $10,000 since November last year.
  • Rents: nationwide gross rental yield saw a minor drop to 3.1% in September - the equal lowest (with September 2016) for at least 20 years.

To download the full report click here.

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