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

1 Comments

Rence says ...
As long as the price ceiling is not yet there, we may assume things are still in line. However, agree that this is already showing some crucial signs.
Our builders nearby are still observing.