This is the first time all 12 regions have had a sustained — seven months in a row — annual increase in HPI of over 20%,” observes Baird. For New Zealand excluding Auckland, the number of properties sold in November 2021 decreased 17.0% annually from 6,363 to 5,279. The largest real estate agency in Auckland sold 200 properties by auction during the week of 2-8April. This was an increase of 170 properties compared to the previous week and nearly equals the 201 properties that were auctioned the week prior.
We are witnessing a strong property market with all regions experiencing an increase in their annual income and 24 territorial authorities achieving new records for median income. The Auckland, Canterbury, Manawatu-Whanganui, Nelson, Otago, Southland, Waikato and Wellington regions all had their highest sales count since April 2021. The number of properties sold in Auckland decreased by 19.6% each year — from 3,857 in Nov 2020 to 3,102 November 2021. November saw a 10.4% increase in listings. Following low listings in the preceding months, there was a resurgence in activity with more properties coming on market as Auckland prepared for Auckland to move from Alert Level 3. “In November 2021, 32.6% of properties in New Zealand were sold at auction — compared with 26.4% in November 2020.
Ray White AT Realty, with four offices, is the number one real estate company in south Auckland. We have unparalleled market expertise and area knowledge – you simply will not find better agents in this region. If you’d like to speak to one of our friendly real estate agents about houses and property for sale or rent in New Zealand, contact Century 21 Dhatt & Co today.
Century 21 Dhatt & Co offers a wide range of properties and houses for rent or sale in Auckland, New Zealand. In November 2021, 32.6% of New Zealand properties were sold at auction — compared with 26.4% in 2020. Auctions in New Zealand, excluding Auckland, accounted for 21.1%. This is an increase of 16.4% last year.
Below are the results from residential property auctions that interest.co.nz has recorded. If a property is marked as “not sold” at auction you should check with the Tom McCartney Manukau agent to see whether it has subsequently sold or is still on the market. The Project Team has seen such high demand for their services that an international division was created to market properties in Australia, and other parts of the globe.
Median prices for residential property across New Zealand increased by 23.8% from $747,000 in November 2020 to $925,000 in November 2021 — a new record high. While the median house price for New Zealand excluding Auckland increased annually by 26.0% from $615,000 to a new record of $775,000. South Auckland, the original home of the company, is a vibrant and affordable area with great opportunities for employment and business ventures. Excellent infrastructure, education facilities, accessibility, and a good return for investment properties. Nevertheless, prices have risen in recent years due to the rise of high-end real property and new development areas. Since 2005, the highest number of auctions in these regions was recorded in Auckland, Canterbury, and Waikato.
Wellington was the region with the second-highest percentage of properties sold for over $1 million, at 45.1%. Although October 2021 was down (50.1%), it was an increase year on year — November 2020 saw 28.9% of properties in this region surpass the million mark. Manawatu/Whanganui saw a significant annual uplift in
Properties in Canterbury sold the fastest with a median of 26 days, the region’s lowest median days to sell since 2006. Northland had its lowest median in a November month since 2005, with a median of 35 days. Ten regions had median days to sell of less than or equal to 30 days — the same as last month. Auckland had its lowest median days for sale since December 2020, with a median time of 30 days — the same as November 2020. This figure was down 15 days from October 2021, reflecting the easing of COVID-19 response restrictions. “Over the past few months, HPI has seen significant and sustained increases in New Zealand.
During your website visit we may automatically collect certain aggregate information related to your website visit. We may, from time to time, use the information we collect to improve the quality of our website, enhance or tailor the information we offer, and make your experience on our website as valuable and efficient as possible. RE/MAX Revolution can rightfully boast a top sales team and a real estate business that consistently has a billion dollars in homes, apartments, land, and projects on its books.
Many regions have seen the percentage of auctions increase significantly, with regions such as Canterbury seeing the percentage of auctions near double. On the flipside, regions such as Gisborne — with historically high auction rates — have had a decrease. We have heard anecdotally of properties being sold at auction or renegotiated because bidding falls below the reserve price,” Baird says. The median property price in Auckland increased 26.2% annually from $1,030,000 in November 2020 to $1,300,000 in November 2021 — another record median. One quarter of the 24 territories that had record median prices were in Auckland. All seven Auckland districts showed an annual median price increase and six reached median highs, with only the Franklin District bucking the trend.
- Auckland’s biggest real estate agency marketed 200 properties for sale by auction over the week of 2-8 April.
- Anecdotally, we have heard of some properties being passed in at auction or renegotiated as bidding falls under the reserve price,” says Baird.
- I would highly recommend appointing a professional property manager to look after your investment, particularly in the current market with all the increased compliance and regulation imposed on Landlords.
- While the median house price for New Zealand excluding Auckland increased annually by 26.0% from $615,000 to a new record of $775,000.