Lodge Real Estate (Hamilton) Ltd managing director Jeremy O’Rourke says growth of the IT sector is lifting sales at the upper end of Hamilton’s housing market, while more young Aucklanders are also finding homes in their lower price bracket in the city.
The Real Estate Institute’s statistics for April, out today, show the median house sale price in Auckland unchanged from a year ago, but down from March.
Barfoot & Thompson director Kiri Barfoot said in the agency’s monthly market report yesterday that, while uncertainty plagued the Auckland residential market and affected sale numbers, prices of those properties that did sell remained rock solid.
Quotable Value Ltd’s latest monthly index report, out today, shows just one area of Auckland – former city Manukau’s north-western suburbs – still has a mean house value over 100% above the value in the peak at the end of 2007.
Barfoot & Thompson, which manages 16,500 residential rental properties, said today rents had bounced up in some areas since Christmas after more than a year of rises coming more slowly.
The Real Estate Institute said today home sales nationally were down 12.9% in March compared to a year ago.