Residential data for the Northern Region in November, from Harcourts, New Zealand’s largest real estate group, shows average sale prices continuing to rise, up to $815,438, a 15% increase on the same period in 2014.
Sitting alongside that price rise is a drop both in new listings by 16.9% and overall stock numbers by 13.1%, which, Harcourts NZ CEO Chris Kennedy says, is a sign that any slowdown of the Auckland market should be temporary.
“We still have a shortage of stock and that is keeping prices elevated,” he says.
Though Harcourts did see a 13.9% year on year drop in written sales in November, the numbers are up slightly from the 533 sales recorded in October 2015. Harcourts recorded 582 sales last month.
“That’s a good indication there’s no cause for panic. Add to that the reduction in the OCR to 2.5% and I expect we’ll see new life in the market in the new year.”
“A lot has been made about the fact that Auckland hasn’t experienced its usual spring pick-up, but you have to put that in context. We also didn’t have the usual winter slowdown.”
“That would indicate any flattening now is related to the new LVR restrictions and the bright-line test which have just come into effect. I’m confident that situation is temporary while Auckland buyers pause to calculate the impact of those rule changes,” Mr Kennedy says.作者: 巴依老爷 时间: 2015-12-11 16:40:40