{"id":20739,"date":"2019-08-24T14:22:06","date_gmt":"2019-08-24T02:22:06","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=20739"},"modified":"2024-03-01T20:54:35","modified_gmt":"2024-03-01T07:54:35","slug":"new-zealands-house-price-rises-continue-albeit-at-a-slower-pace","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/new-zealands-house-price-rises-continue-albeit-at-a-slower-pace\/","title":{"rendered":"New Zealand’s house price rises continue, albeit at a slower pace"},"content":{"rendered":"

 <\/p>\n

PHOTO: New Zealand property<\/strong><\/p>\n

PHOTO:\u00a0New Zealand\u2019s house prices<\/strong><\/p>\n

House prices were up 2.74% y-o-y in Q2 2019<\/b><\/p>\n

New Zealand\u2019s house prices continue to rise, albeit at a slower pace since the introduction of a regulation banning non-resident foreigners from buying existing homes in the country. Median house prices rose by 2.74% (inflation-adjusted) during the year to Q2 2019, a slowdown from y-o-y rises of 8.76% in the previous quarter and 4.3% a year earlier. In a quarterly basis, real house prices fell slightly by 0.58% in Q2 2019.<\/p>\n

Demand and supply are rising<\/b><\/p>\n

The number of dwellings sold in New Zealand rose by a modest 3.7% y-o-y to 6,118 units in July 2019, according to the Real Estate Institute of New Zealand (REINZ). In Auckland, dwellings sold increased 6.6% y-o-y to 1,894 units over the same period. Nationwide, the number of days-on-market increased by three days to 40 days in July 2019 from a year ago.<\/p>\n

The number of properties available for sale in New Zealand increased by 2.6% y-o-y to 21,843 units in July 2019.<\/p>\n

Rents, rental yields: Good yields at 5.48%<\/b><\/p>\n

Apartment costs in Auckland are around $7,209 per sq. m.<\/p>\n\n\n\n\n\n
New Zealand: typical city centre apartment buying price, monthly rent (2 BR apartment)<\/b><\/td>\n<\/tr>\n
<\/td>\nBuying price<\/b><\/td>\nRate per month<\/b><\/td>\nYield<\/b><\/td>\n<\/tr>\n
Auckland<\/td>\n$412,571<\/td>\n$1,885<\/td>\n5.48%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

READ MORE VIA GLOBAL PROPERTY GUIDE<\/a><\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

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