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House Price Growth Rates In Hawke's Bay Skyrocket Ahead Of Rest Of New Zealand


Friday, 19 February 2021, 8:35 am
Hawke’s Bay is leading the property ‘pack’ proving
a post lockdown land of milk and money, continuing to
outstrip the rest of the country with the highest annual
growth rate in house price values. But experts warn an
overheated market is fast drying up what’s being labelled
a “chronic supply shortage.”
Coastal development
Paoanui Point, Pourerere Beach, Hawke’s Bay
The
latest REINZ House Price Index figures reveals
Gisborne/Hawke’s Bay posted a 30.7% annual growth rate
increase in house prices, ahead of Manawatu/Wanganui and
Wellington with a 26.0% increase.
But REINZ Chief
Executive Bindi Norwell says overall, the total pool of ....

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2020 Closes On A Healthy Note


Wednesday, 20 January 2021, 2:37 pm
Data released today by the Real Estate Institute of New
Zealand (REINZ) shows there were 175 more farm sales
(+50.7%) for the three months ended December 2020 than for
the three months ended December 2019. Overall, there were
520 farm sales in the three months ended December 2020,
compared to 441 farm sales for the three months ended
November 2020 (+17.9%), and 345 farm sales for the three
months ended December 2019.
1,462 farms were sold in
the year to December 2020, 15.6% more than were sold in the
year to December 2019, with 26.2% more Dairy farms, 9.6%
less Grazing farms, 32.0% more Finishing farms and 23.8%
less Arable farms sold over the same period. ....

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REINZ: Rotorua lakefront property demand 'amplified' as median sale prices soar


REINZ: Rotorua lakefront property demand amplified as median sale prices soar
20 Jan, 2021 05:00 PM
6 minutes to read
Demand for lakeside property has amplified . Photo / File
Demand for lakeside property has amplified , leaving some Rotorua agents surprised by what people are willing to pay for waterfront views.
Median sale prices in places like Lake Tarawera skyrocketed nearly 70 per cent in
the year to December, putting more value on living by the lakes.
However, agents fear a shortage of lakeside listings and say some people were choosing to upgrade family baches and stay put.
Real Estate Institute of New Zealand data showed the median sales price at Lake Tarawera has jumped 69.5 per cent to $1,400,000 from $826,000 in the year to December 2020. ....

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