QV regional snapshot - September 2009

To find out what's happening in the main centres quickly, use the links below:
Auckland
Hamilton
Tauranga
Wellington
Christchurch
Dunedin

Auckland
Property values in the Auckland region increased by 0.6% over the past year (calculated over the three months ending September 2009 in comparison to the same period last year), an improvement on the 1.5% annual decline reported in August. The average sale price for the region increased from $502,022 to $507,617.

"In the Auckland region, there doesn't appear to have been a great shift in attitude over the past month. While there seems to be a few more listings appearing on the market, to date there has been no ‘spring- flush'," Glenda Whitehead of QV Valuations says.

"We have however noted a lack of consistency in activity and listings between geographical areas. For example, there is strong demand in the $600,000 to $1 million price bracket in Auckland City suburbs including Mt Eden, Remuera, and Ponsonby, with some intense bidding and short sale periods. On the other hand, in Waitakere there is strong demand in the $330,000 to 420,000 range, with the shortage of listings creating multi-offer situations and very quick sale periods.