How does Hamilton fare in the latest OneRoof-Valocity Property Price numbers?
November 2nd, 2020
What do the numbers show nationally?
The OneRoof-Valocity house price index shows the New Zealand housing market started 2020 in a good place, registering 9.1 percent value growth for the 12 months to March 25, the day before the country went into a lockdown to halt the spread of Covid-19. After an initial drop, when the housing market was on hold, nationwide values on the index have strengthened, and are up 5 percent on where they were seven months ago.
The OneRoof-Valocity house price index shows the New Zealand housing market started 2020 in a good place, registering 9.1 percent value growth for the 12 months to March 25, the day before the country went into a lockdown to halt the spread of Covid-19. After an initial drop, when the housing market was on hold, nationwide values on the index have strengthened, and are up 5 percent on where they were seven months ago.
… and what about Hamilton specifically?
Hamilton property values are up 4.7 percent on the house price index, with the current median value sitting at $635,000. Just four out the of the city’s 42 suburbs have declined on the index - Flagstaff, Maeroa, Forest Lake and Claudelands.
First home buyers are the most active buying group, with their share of mortgage registrations increasing to 30.1 percent in the last quarter. Investor activity remains stable – they accounted for 17.4 percent of new registrations during the same period. Like trends in other main centres, we continue to witness a more cautious mind-set among movers, accounting for only 6.4% of new mortgage registrations over the past quarter.
Finally, a couple of tables showing how Waikato and Hamilton compares versus other regions and cities around NZ.
OneRoof Valocity House Price Index - Regions
Values changes post-Covid highlighted in red
OneRoof-Valocity House Price Index - Major Metros
Values changes post-Covid highlighted in red
Comments