WRE Insights

Hamilton house prices before/after Lockdown – what the stats say

Hamilton house prices before/after Lockdown  what the stats say Out of all the house price data in the most recent release from the REINZ, we think the 3-month house price index, where we can compare May’s prices with February’s, is the most insightful.

Back in February the uncertainty surrounding Covid-19 was relatively contained so the 3-month comparison is relatively ‘clean’ .


So, what does it say? Drum roll please.

Overall, NZ house prices fell 1.6% from February to May.

Not earth shattering news, but when we drill down into areas with a large sample of sales, we see Hamilton and Tauranga bucking the national trend lower and actually showing a minor increase in value, no doubt owing to their low exposure to tourism and hospitality industries. A promising sign for local investors.


3 month change in NZ house prices

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