Auckland Property Market is healthy

Lease

Just receive the latest NZ Property Investor Magazine, there is a statistics on median sale price change in the last 10 years. I grab Auckland figures as follows.

		Median Sale  Price % Change
		10 Years
1	Onehunga / Penrose	139%
2	East Coast Bays	116%
3	Henderson Area	108%
4	Mount Albert Area	108%
5	Milford/Takapuna	105%
6	Birkenhead Area	100%
7	Papatoetoe Area	99%
8	Devonport Area	92%
9	Hibiscus Coast	91%
10	Franklin County	90%
11	Glenfield Area	90%
12	Glen Eden Area	82%
13	Manurewa Area	82%
14	Eastern Beaches	77%
15	Rodney North	76%
16	Mount Roskill Area	71%
17	Titirangi Area	70%
18	Islands Of Gulf	69%
19	Ellerslie / Panmure	68%
20	Albany District	66%
21	Papakura Area	62%
22	Eastern Suburbs	57%
23	Upper Harbour	55%
24	Mt Eden/Epsom	48%
25	Manukau Rural	44%
26	City / Pt Chev	26%
27	Waitakeres	6%

You can see in total 27 areas, only 6 of them prices have been doubled in last 10 years. I can reasonably conclude the overall Auckland property median sale price hasn't been doubled over 10 years, which means compound annual growth rate is less than 7%. That is a very healthy rate.

陌生的香港人

Health 字好像差了一個'y'字？

Lease

陌生的香港人 发表于 2014-2-1 13:40
Health 字好像差了一個'y'字？

感谢指正。

陌生的香港人

Lease 发表于 2014-2-1 13:46
感谢指正。

還有最後一句....

NewLynnHse

可怜的西区

lche059

just to put things in perspective, what's the inflation rate over the last 10 years?
and 7% is only the capital gain, if it's an investment property, you also get return through rental income which i think is at least 4% per year. that would put the annual return at 11% which is pretty remarkable. but i have my doubts this is sustainable for the next decade.

ATAE

NewLynnHse 发表于 2014-2-1 12:58
可怜的西区

Henderson涨幅第三，太牛了

bungyjumping999

some are doing great.

between 2006-2009, some people would have paid their average mortgage at 10% p.a .

xp_theman

QV says Auckland property values up 15.4% in 2013. Way More than 7%. So now it is unhealthy.

Lease

xp_theman 发表于 2014-2-1 23:51
QV says Auckland property values up 15.4% in 2013. Way More than 7%. So now it is unhealthy.

That's the difference between short and long-term insight.

一曰方茗

"...only 6 of them prices have been doubled in last 10 years..."

6个区域里北岸占了3个, very impressive~

not419

赶脚有点不明白，老九分别2003年和2005年在New Lynn买的两个25万和30万全幅地5房和4房，现在估价都快double了呀？