Market Snapshot - August 2016 Silverdale Home values across the Auckland region have risen strongly over the past quarter. Despite recent indication activity may be cooling, this is yet to impact on value growth.
“However, a shortage of listings and lower sales volumes do not seem to have impacted on value growth as yet they are still increasing.”
The former Auckland City Council central suburbs have increased by 14.3% over the past year and a 5.3% over the past three months .The average value there is now $1,180,245. Values in the former North Shore City suburbs also rose 14.9% year on year and 5.5% over the past three months. The average value there is now $1,183,443. Manukau suburbs continued to see very strong value growth over the past year with values there rising 19.5% year on year and 6.9% over the past three months, the average value there is now $881,828. Waitakere City rose 14.7% year on year and 5.5% over the past three months. The average value in the West is now $806,832.
(Extract from www.corelogic.co.nz)
QV General Manager Jan O’Donoghue said, “Despite the average value across the region hitting a milestone of $1 million dollars following a surge of activity ahead of the new lending restrictions being announced in July, there’s been a noticeable easing in market activity across Auckland over the past couple of weeks.” “So it’s most likely this change in the market is being caused by the latest LVR restrictions requiring a 40% deposit by investors as well as the continued lack of stock listed for sale in the market.”
Silverdale
Ray�White�Millwater Platinum�Realty�Limited�Licensed�REAA�2008 Unit�3,�16�Wainui�Road Silverdale �NZ �0932 p:�+64�(9)�424�9172 e:�
[email protected] rwmillwater.co.nz
sales last month
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