Best of the Best 2020 2020 in Review and What 2021 Might Have in Store Table of Contents

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Best of the Best 2020 2020 in review and what 2021 might have in store Table of Contents

About CoreLogic...... 3 National top performing suburbs 2020...... 6 National top 10...... 7 Auckland ...... 9 Hamilton ...... 12 Tauranga...... 15 Wellington...... 18 Christchurch...... 21 Dunedin...... 24 In summary...... 27

2 About CoreLogic

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corelogic.co.nz 3 The year that’s been

Clearly 2020 has brought events that none of us could What about the various buyer groups? This time last have expected, including the strong post-lockdown year we speculated that 2020 could be the ‘year of the rebound in the housing market. That certainly didn’t investor’, and although the circumstances have been seem likely back in April/May, when sales activity very different to what we (or anybody) envisaged, that collapsed and prices were looking fragile. In fact, the call has proved to be pretty accurate. Indeed, property upswing has been so swift that the political mortgaged investors’ market share has continued to pressure has already ramped up to levels that would rise in recent months (27% in October), due to the have taken far longer to get to in previous cycles. The removal of the LVRs, low returns on savings in the Reserve Bank has not escaped scrutiny either. bank, and also how cheap it is to borrow to buy property. But first home buyers have also been very But first things first, what’s actually happened this year? active, with their share of purchases hitting 25% in Q3, Thinking back pre-lockdown, there were already signs a record high. that sales activity and prices were strengthening, with mortgage rates edging lower and the stock of property In terms of the actual sales numbers, then, it’s actually listed/available to buy at historical lows. Of remarkable to think that (despite the lack of listings and course, then COVID hit, and the Government injected a the ban on activity in lockdown) the total volume of huge amount of money into the economy (primarily the transactions this year is on track to be about 85,000- wage subsidy), while the Reserve Bank (e.g. delayed 90,000, the same as 2019 (and similar to the long-term capital requirements, removal of loan to value ratio average). Meanwhile, the rise in average property rules, quantitative easing) and the trading banks values for 2020 as a whole could be in the vicinity of themselves (e.g. mortgage payment deferrals) also 9-10% – pretty remarkable when measured against played a huge role in helping businesses and some forecasts made during lockdown that prices households to negotiate those tumultuous months could fall by 15-20%. over April, May, and into June.

4 The year ahead

It’s fascinating how quickly the property market has now be less than 6.5% – a far cry from lockdown become political in recent weeks, and although the forecasts that it could reach 10%. Similarly, after Finance Minister’s public letter to the Reserve Bank peaking at more than $22bn in May, the value of Governor (and his subsequent reply) may not drive mortgages with a deferral in place has already dropped immediate change to the RBNZ’s official policy targets, markedly to less than $4bn. Again, those ‘exits’ from it does demonstrate that it might not be plain sailing the scheme don’t appear to have been too stressful. for the property market in terms of regulatory measures in 2021. Indeed, there’s already speculation Overall, provided COVID continues to be managed emerging about an extension to the Brightline Test (a successfully, it’s hard to see the property market being capital gains tax that currently applies if an investor seriously thrown off its current course in 2021. For sells a property within five years), while debt-to-income sure, housing (un-)affordability will remain an issue ratios for new mortgage lending are also rearing their between the ‘haves’ and ‘have-nots’, but the key drivers head too. for the market that we’ve seen this year seem likely to remain in place next year – e.g. low mortgage rates and Meanwhile, the reinstatement of the LVR speed limits a tight supply of listings. After all, many would-be on 1st March seems to be a done deal, with the banks movers are sitting tight (therefore not listing their own having already made the move anyway. This won’t property), few investors are actually selling to make affect owner-occupiers too much (they’ll just continue their next purchase, while first home buyers obviously to require 20%), but some investors could be frozen don’t sell anything either. That all amounts to further out by now having to find a 30% deposit rather than restraints on listings volumes. 20%. However, with general demand still so strong, it seems unlikely that the return of the LVR rules will be a Our central assumption is that property sales volumes game-changer. Of course, as we saw back in 2016, in 2021 will be similar to 2020 (again in the range of pushing investor deposit requirements back up to 40% 85,000-90,000), as low mortgage rates support activity could be more significant – and while it doesn’t seem to but low migration flows provide a dampening effect. be on the table at present, that couldn’t be ruled out if For property values, it wouldn’t be a surprise to see market momentum remains strong. another increase in the range of 5-10% next year. However, 2020 has taught us that nothing can be taken Other concerns that have been lingering for a while for granted, and no doubt there’ll be plenty of twists about how the end of the wage subsidy and mortgage and turns in store for 2021. deferrals might affect the property market seem to be less relevant now. After all, the wage subsidy has already ended without any real fuss, and although the unemployment rate has risen to 5.3%, the peak could

5 National Top Performing Suburbs 2020

The Best of the Best report is a suburb level analysis of a variety of measures used by CoreLogic to determine property market performance across the year, ranging from property value growth to rental yields.

National Top Performing Suburbs 2020

TOP SALE PRICE ALL RESIDENTIAL PROPERTY 7 Rarere Road, Auckland $12,250,000

HIGHEST MEDIAN VALUE HIGHEST GROSS RENTAL YIELD Herne Bay, Auckland $2,681,650 Runanga, Grey 10 .3%

LOWEST MEDIAN VALUE LOWEST GROSS RENTAL YIELD Runanga, Grey $150,950 Omaha, Auckland 1 4%.

GREATEST 12 MONTH CHANGE IN MEDIAN VALUES 3 BED HOUSE - HIGHEST RENT 12 MONTH CHANGE Outer Kaiti, Gisborne 39 .7% Whakatane – Whakatane Rural 43 .4%

LOWEST 12 MONTH CHANGE IN MEDIAN VALUES 3 BED HOUSE - LOWEST RENT 12 MONTH CHANGE Lake Hayes, Queenstown -10 9%. Queenstown Lakes – Queenstown Central -29 9%.

GREATEST 5 YEAR CHANGE IN MEDIAN VALUES SHORTEST DAYS ON MARKET Kawerau, Kawerau 200 .7% Heidelberg, Invercargill 7

LOWEST 5 YEAR CHANGE IN MEDIAN VALUES LONGEST DAYS ON MARKET Avonhead, Christchurch 0 .3% Port Waikato, Waikato 207

• All data highlighted is current to November/December 2020. • Median value data based on the middle value of all automated valuations across the suburb. Suburbs shown here are only those where the model had enough comparable evidence to provide a meaningful estimate of current value. • 12 month change The percentage difference between the median AVM value in the same period compared 12 months ago. • Five year change The percentage difference between the median AVM value in the same period compared 5 years ago. • Gross rental yields are calculated using MBIE data on rental bonds lodged. Median weekly rents are multiplied by 52 to get an annual figure, which is then divided by that suburb’s median property value. • Days on market is how long it takes for a property to sell from first listing to sale date. Suburbs covered for this measure must have at least 200 dwellings and have had 20 sales in the past year. 6 National Top 10

Highest median value Lowest median value

# Suburb Median value # Suburb Median value

1. Herne Bay $2,681,650 1. Runanga (Grey) $150,950

2. Saint Marys Bay $2,312,150 2. Cobden (Grey) $159,250

3. Remuera $2,167,100 3. Blaketown (Grey) $168,800

4. Stanley Point $2,090,800 4. Wairoa (Wairoa) $192,850

5. Orakei $1,955,300 5. Reefton (Buller) $196,300

6. Campbells Bay $1,919,050 6. Manunui (Ruapehu) $207,000

7. Ponsonby $1,916,150 7. Taumarunui (Ruapehu) $215,900

8. Omaha $1,906,500 8. Manaia (South Taranaki) $219,600

9. Shamrock Park $1,889,300 9. Westport (Buller) $222,500

10. Epsom $1,885,850 10. Kaikohe (Far North) $225,450 * All Auckland

Greatest 12-month change Lowest 12-month change

# Suburb % change # Suburb % change 1. Outer Kaiti (Gisborne) 39 .7% 1. Lake Hayes -10 .9% 2. Tamarau (Gisborne) 38 1%. 2. Queenstown -6 .5% 3. Kaiti (Gisborne) 32 .9% 3. Arrowtown -5 .6% 4. Raetihi (Ruapehu) 31 .4% 4. Sunshine Bay -4 .7% 5. Fordlands (Rotorua) 28 .9% 5. Frankton -4 .5% 6. Te Hapara (Gisborne) 28 .1% 6. Wanaka -3 .9% 7. Waverley (South Taranaki) 27 .6% 7. Fendalton (Christchurch) -3 .6% 8. Mangapapa (Gisborne) 27 .6% 8. Albert Town -3 .2% 9. Manaia (South Taranaki) 24 .4% 9. Kelvin Heights -3 .1% 10. Taihape (Rangitikei) 24 .3% 10. Fernhill -1 7%. * All Queenstown except Fendalton

Greatest 5-year change Lowest 5-year change

# Suburb % change # Suburb % change 1. Kawerau (Kawerau) 200 .7% 1. Avonhead (Christchurch) 0 .3% 2. Castlecliff (Whanganui) 149 .1% 2. Cobden (Grey) 0 .3% 3. Shannon (Horowhenua) 147 .6% 3. Moncks Bay 1 .5% 4. Fordlands (Rotorua) 145 .8% 4. Fendalton 2 .0% 5. Foxton (Horowhenua) 144 .4% 5. Clifton 2 .1% 6. Maraenui (Napier) 134 .6% 6. Harewood 2 .4% 7. Gonville (Whanganui) 134 .5% 7. Linwood 2 .5% 8. Mangakino (Taupo) 134 .4% 8. Northwood 2 .5% 9. Featherston (South Wairarapa) 134 .3% 9. Darfield (Selwyn) 2 .6% 10. Marton (Rangitikei) 133 .2% 10. Blaketown (Grey) 2 .7% * All Christchurch except where indicated

Highest median rents Lowest median rents

# Suburb Median rent # Suburb Median rent 1. Auckland - Herne Bay/St Marys $1,350 1. Ruapehu - Entire District $260 2. Auckland - Parnell $950 2. Wairoa - Entire District $280 3. Auckland - Ponsonby/Freemans Bay $925 3. South Taranaki - Rural South Taranaki $295 4. Auckland - Westmere/Surrey Crescent $890 4. Otorohanga/Waitomo - Both Districts $300 5. Auckland - Remuera $882 5. Tararua - Entire District $300 6. Auckland - Grey Lynn/Arch Hill $862 6. Buller - Entire District $300 7. Wellington - Wadestown/Thorndon $860 7. Grey - Entire District $300 8. Auckland - Mission Bay/Orakei $850 8. Rangitikei - Entire District $310 9. Wellington - Mt Victoria/Roseneath $825 9. Clutha/Southland - Both Districts $310 10. Auckland - Mt Eden $795 10. Gore - Entire District $310

7 National Top 10 continued

Highest gross rental yields Lowest gross rental yields

# Suburb Yield # Suburb Yield 1. Runanga (Grey) 10 .3% 1. Omaha 1 .4% 2. Cobden (Grey) 9 .8% 2. Kelvin Heights (Queenstown) 1 .5% 3. Mataura (Gore) 9 .4% 3. Hahei (Thames-Coromandel) 1 .5% 4. Blaketown (Grey) 9 .2% 4. Herne Bay 1 .6% 5. Patea (South Taranaki) 8 .8% 5. Sandspit 1 .6% 6. Fordlands (Rotorua) 7 .8% 6. Stanley Point 1 .6% 7. Kaikohe (Far North) 7 .6% 7. Epsom 1 7%. 8. Reefton (Buller) 7 .5% 8. Mellons Bay 1 7%. 9. Appleby (Invercargill) 7 .4% 9. Mount Eden 1 7%. 10. Wairoa (Wairoa) 7 .3% 10. Orakei 1 7%.

* All Auckland unless indicated

Highest median rents 12-month change Lowest median rents 12-month change

# Suburb % change # Suburb % change 1. Whakatane - Whakatane Rural 43 .4% 1. Queenstown Lakes - Queentown Central -29 .9% 2. Auckland - Herne Bay/St Marys 31 7%. 2. Auckland - Newmarket -21 .2%

3. Christchurch - Christchurch Central/Hagley 27 .8% 3. Queenstown Lakes - Queenstown/Frankton/Arrowtown -21 .1%

4. Auckland - Westmere/Surrey Crescent 25 .9% 4. Wellington - Hataitai -13 .8% 5. Wellington - Kelburn/Aro Valley 22 .8% 5. Dunedin - Central Dunedin -12 .8% 6. Wellington - Wadestown/Thorndon 19 .4% 6. Queenstown Lakes - Wanaka -11 .3% 7. Porirua - Porirua East/Waitangirua 18 .3% 7. Auckland - Epsom -10 .5% 8. Whangarei - Whangarei Central/Otangarei 17 .9% 8. Auckland - Mt Wellington -9 .8% 9. Lower Hutt - Stokes Valley 17 .3% 9. Whangarei - North West Rural -9 .7% 10. Stratford - Entire District 16 7%. 10. Christchurch - Sawyers Arms/Northcote/Belfast -9 .1%

Longest on the market Shortest on the market

# Suburb Median days # Suburb Median days 1. Port Waikato (Waikato) 207 1. Heidelberg (Invercargill) 7 2. Karoro (Grey) 172 2. Camberley (Hastings) 7 3. Coopers Beach (Far North) 140 3. East Gore (Gore) 7 4. Karikari Peninsula (Far North) 121 4. Bader (Hamilton) 7 5. Paroa (Grey) 117 5. Cobden (Grey) 7 6. Westport (Buller) 116 6. Palmerston North (Palmerston North) 8 7. Mangakino (Taupo) 110 7. Takaro (Palmerston North) 8 8. Cable Bay (Far North) 102 8. Appleby (Invercargill) 8 9. Kuratau (Taupo) 89 9. West End (Palmerston North) 8 10. Burleigh (Marlborough) 89 10. Ashhurst (Palmerston North) 8

Top sale price

# Address Sale date Sale price 1. 7 Rarere Road (Auckland) 2nd Feb $12,250,000 2. 84a Lucerne Rd (Auckland) 11th May $11,500,000 3. 44 Paritai Dr (Auckland) 24th Sep $10,800,000 4. 222 Victoria Ave (Auckland) 22nd Sep $10,000,000 5. 4 Newton Rd (Auckland) 30th Jan $9,000,000 6. 671 Riddell Rd (Auckland) 27th Mar $9,000,000 7. 71 Onslow Ave (Auckland) 27th Jul $8,500,000 8. 245 Peninsula Rd (Queenstown) 9th Jul $8,300,000 9. 286 Jervois Rd (Auckland) 8th Jan $8,000,000 10. 147a Arney Rd (Auckland) 27th May $8,000,000

8 Auckland

TOP SALE PRICE ALL RESIDENTIAL PROPERTY 7 Rarere Road, Auckland $12,250,000

HIGHEST MEDIAN VALUE HIGHEST GROSS RENTAL YIELD Herne Bay, Auckland $2,681,650 Orere Point, Auckland 5 .9%

LOWEST MEDIAN VALUE LOWEST GROSS RENTAL YIELD Auckland Central , Auckland $547,900 Omaha, Auckland 1 4%.

GREATEST 12 MONTH CHANGE IN MEDIAN VALUES 3 BED HOUSE - HIGHEST RENT 12 MONTH CHANGE Shamrock Park , Auckland 13 9%. Herne Bay/St Marys, Auckland 31 7%.

LOWEST 12 MONTH CHANGE IN MEDIAN VALUES 3 BED HOUSE - LOWEST RENT 12 MONTH CHANGE Muriwai, Auckland -0 .3% Newmarket, Auckland -21 .2%

GREATEST 5 YEAR CHANGE IN MEDIAN VALUES SHORTEST DAYS ON MARKET Point Wells , Auckland 48 .5% Wattle Downs, Auckland 11

LOWEST 5 YEAR CHANGE IN MEDIAN VALUES LONGEST DAYS ON MARKET Long Bay, Auckland 6 .1% Ostend, Auckland 88

9 Auckland Top 10

Highest median value Lowest median value

# Suburb Median value # Suburb Median value 1. Herne Bay $2,681,650 1. Auckland Central $547,900 2. Saint Marys Bay $2,312,150 2. Orere Point $560,550 3. Remuera $2,167,100 3. Grafton $572,500 4. Stanley Point $2,090,800 4. Clendon Park $604,900 5. Orakei $1,955,300 5. Otara $620,100 6. Campbells Bay $1,919,050 6. Manukau $623,200 7. Ponsonby $1,916,150 7. Red Hill $644,950 8. Omaha $1,906,500 8. Manukau Heads $666,400 9. Shamrock Park $1,889,300 9. Randwick Park $668,200 10. Epsom $1,885,850 10. Manurewa East $676,000

Greatest 12-month change Lowest 12-month change

# Suburb % change # Suburb % change 1. Shamrock Park 13 .9% 1. Muriwai -0 .3% 2. Manurewa East 11 .4% 2. Auckland Central 1 .3% 3. Eastern Beach 11 .0% 3. Grafton 1 .3% 4. East Tamaki 10 .5% 4. Waiake 2 .0% 5. Highland Park 10 .4% 5. Palm Beach 2 .2% 6. Greenlane 10 .2% 6. Manukau Heads 2 .5% 7. Half Moon Bay 10 .2% 7. Tawharanui Peninsula 2 .7% 8. Mount Albert 10 .0% 8. Parnell 3 .4% 9. Point England 10 .0% 9. Oneroa 3 .4% 10. Ponsonby 9 .8% 10. Stonefields 3 7%.

Greatest 5-year change Lowest 5-year change

# Suburb % change # Suburb % change 1. Point Wells 48 .5% 1. Long Bay 6 .1% 2. Omaha 39 .6% 2. Waiake 9 .7% 3. Surfdale 35 .7% 3. Murrays Bay 10 .2% 4. Oneroa 35 .5% 4. Rothesay Bay 10 .9% 5. Onetangi 34 .5% 5. Manukau Heads 11 .0% 6. Wai O Taiki Bay 32 .9% 6. Henderson Valley 11 7%. 7. Matakatia 32 .7% 7. Chatswood 12 .3% 8. Favona 32 .1% 8. Castor Bay 12 .5% 9. Algies Bay 30 .9% 9. Schnapper Rock 12 .5% 10. Ostend 30 .9% 10. Fairview Heights 12 .8%

Highest median rents Lowest median rents

# Suburb Median rent # Suburb Median rent 1. Herne Bay/St Marys $1,350 1. Otahuhu $550 2. Parnell $950 2. Mt Wellington $550 3. Ponsonby/Freemans Bay $925 3. Avondale $590 4. Westmere/Surrey Crescent $890 4. Penrose/Mt Wellington South $595 5. Remuera $882 5. Mt Roskill/Wesley $600 6. Grey Lynn/Arch Hill $862 6. Lynfield $600 7. Mission Bay/Orakei $850 7. Hillsborough $600 8. Mt Eden $795 8. Panmure $610 9. Central West $790 9. Glen Innes/Pt England/Wai O Taiki $612 10. St Johns $770 10. Blockhouse Bay/New Windsor $620

10 Auckland Top 10 continued

Highest gross rental yields Lowest gross rental yields

# Suburb Yield # Suburb Yield 1. Orere Point 5 .9% 1. Omaha 1 .4% 2. Clendon Park 4 .7% 2. Herne Bay 1 .6% 3. Otara 4 .6% 3. Sandspit 1 .6% 4. Glenbrook 4 .4% 4. Stanley Point 1 .6% 5. Manukau Heads 4 .4% 5. Epsom 1 7%. 6. Weymouth 4 .4% 6. Mellons Bay 1 7%. 7. Randwick Park 4 .3% 7. Mount Eden 1 7%. 8. Wellsford 4 .3% 8. Orakei 1 7%. 9. Auckland Central 4 .2% 9. Campbells Bay 1 .8% 10. Manurewa East 4 .2% 10. Mission Bay 1 .8%

Highest median rents 12-month change Lowest median rents 12-month change

# Suburb % change # Suburb % change 1. Herne Bay/St Marys 31 7%. 1. Newmarket -21 .2% 2. Westmere/Surrey Crescent 25 .9% 2. Epsom -10 .5% 3. Waterview/Avondale Heights 14 .1% 3. Mt Wellington -9 .8% 4. Mt Eden 13 .6% 4. Kohimarama -9 .1% 5. Waiheke Island 11 .3% 5. Western Springs/Morningside -8 .5% 6. Remuera 10 .3% 6. Grey Lynn/Arch Hill -5 .3% 7. Mission Bay/Orakei 9 .7% 7. Kingsland -4 .0% 8. Mt Roskill/Wesley 9 .1% 8. St Helliers/Glendowie -3 .8% 9. Ponsonby/Freemans Bay 7 .6% 9. Pt Chevalier -3 .3% 10. Parnell 7 .3% 10. St Johns -2 .5%

Longest on the market Shortest on the market

# Suburb Median days # Suburb Median days 1. Ostend 88 1. Wattle Downs 11 2. Onetangi 84 2. Laingholm 12 3. Long Bay 75 3. Wellsford 13 4. Piha 55 4. Point Chevalier 15 5. Point Wells 53 5. Sunnyvale 15 6. Waimauku 47 6. Glendene 16 7. Glenbrook 46 7. Arkles Bay 16 8. Surfdale 40 8. Red Hill 16 9. Omaha 38 9. Takanini 17 10. Riverhead 34 10. Glen Eden 17

Top sale price

# Address Sale date Sale price 1. 7 Rarere Road (Auckland) 2nd Feb $12,250,000 2. 84a Lucerne Rd 11th May $11,500,000 3. 44 Paritai Dr 24th Sep $10,800,000 4. 222 Victoria Ave 22nd Sep $10,000,000 5. 4 Newton Rd 30th Jan $9,000,000 6. 671 Riddell Rd 27th Mar $9,000,000 7. 71 Onslow Ave 27th Jul $8,500,000 8. 286 Jervois Rd 8th Jan $8,000,000 9. 147a Arney Rd 27th May $8,000,000 10. 51 Lake View Rd 19th May $7,900,000

11 Hamilton

TOP SALE PRICE ALL RESIDENTIAL PROPERTY 12 Riverside Ln, Hamilton $2,363,000

HIGHEST MEDIAN VALUE HIGHEST GROSS RENTAL YIELD Harrowfield, Hamilton $899,700 Enderley, Hamilton 4 .9%

LOWEST MEDIAN VALUE LOWEST GROSS RENTAL YIELD Bader, Hamilton $461,550 Hamilton Central, Hamilton 2 8%.

GREATEST 12 MONTH CHANGE IN MEDIAN VALUES 3 BED HOUSE - HIGHEST RENT 12 MONTH CHANGE Deanwell, Hamilton 15 .2% Deanwell/Melville/Fitzroy, Hamilton 11 1%.

LOWEST 12 MONTH CHANGE IN MEDIAN VALUES 3 BED HOUSE - LOWEST RENT 12 MONTH CHANGE Whitiora, Hamilton 4 6%. Flagstaff/Rototuna, Hamilton 2 .3%

GREATEST 5 YEAR CHANGE IN MEDIAN VALUES SHORTEST DAYS ON MARKET Enderley, Hamilton 54 6%. Bader, Hamilton 7

LOWEST 5 YEAR CHANGE IN MEDIAN VALUES LONGEST DAYS ON MARKET Huntington, Hamilton 36 .3% Whitiora, Hamilton 49

12 Hamilton Top 10

Highest median value Lowest median value

# Suburb Median value # Suburb Median value 1. Harrowfield $899,700 1. Bader $461,550 2. Flagstaff $863,400 2. Enderley $474,800 3. Huntington $853,750 3. Whitiora $490,100 4. Rototuna North $826,600 4. Frankton $496,150 5. Rototuna $818,000 5. Nawton $526,100 6. Western Heights $797,250 6. Melville $531,100 7. Queenwood $774,250 7. Deanwell $531,300 8. Hamilton Lake $760,200 8. Maeroa $561,950 9. Beerescourt $752,450 9. Fairview Downs $572,000 10. Chedworth $739,150 10. Hamilton East $578,750

Greatest 12-month change Lowest 12-month change

# Suburb % change # Suburb % change 1. Deanwell 15 .2% 1. Whitiora 4 .6% 2. Queenwood 11 .6% 2. Hamilton Central 5 .1% 3. Chedworth 11 .4% 3. Flagstaff 5 .5% 4. Melville 11 .0% 4. Beerescourt 5 .9% 5. Hillcrest 10 .3% 5. Grandview Heights 6 .4% 6. Bader 10 .2% 6. Forest Lake 6 .5% 7. Fitzroy 10 .1% 7. Fairview Downs 6 .6% 8. Chartwell 10 .0% 8. Hamilton Lake 6 .7% 9. Silverdale 9 .6% 9. Rototuna North 6 .7% 10. Nawton 9 .4% 10. Pukete 6 .8%

Greatest 5-year change Lowest 5-year change

# Suburb % change # Suburb % change 1. Enderley 54 .6% 1. Huntington 36 .3% 2. Bader 53 7%. 2. Harrowfield 37 .6% 3. Whitiora 53 7%. 3. Rototuna 38 .0% 4. Deanwell 50 .9% 4. Rototuna North 38 .3% 5. Melville 50 .8% 5. Flagstaff 38 7%. 6. Nawton 50 .7% 6. Pukete 40 .8% 7. Hamilton Central 49 .2% 7. Saint Andrews 41 .0% 8. Frankton 49 .1% 8. Queenwood 42 .6% 9. Claudelands 49 .1% 9. Western Heights 42 .9% 10. Fairfield 48 .8% 10. Hamilton Lake 43 .5%

Highest median rents Lowest median rents

# Suburb Median rent # Suburb Median rent 1. Flagstaff/Rototuna $542 1. Fairfield/Fairview Downs $470 2. Hamilton Central/Maeroa/Frankton Junction $500 2. Dinsdale North/Nawton $472 3. Deanwell/Melville/Fitzroy $500 3. Dinsdale South/Frankton $480 4. Te Kowhai/St Andrews/Queenwood $495 4. Hamilton East/University $490 5. Hamilton East/University $490 5. Hillcrest/Silverdale/Tamahere $490 6. Hillcrest/Silverdale/Tamahere $490 6. Te Kowhai/St Andrews/Queenwood $495 7. Dinsdale South/Frankton $480 7. Hamilton Central/Maeroa/Frankton Junction $500 8. Dinsdale North/Nawton $472 8. Deanwell/Melville/Fitzroy $500 9. Fairfield/Fairview Downs $470 9. Flagstaff/Rototuna $542

13 Hamilton Top 10 continued

Highest gross rental yields Lowest gross rental yields

# Suburb Yield # Suburb Yield 1. Enderley 4 .9% 1. Hamilton Central 2 .8% 2. Bader 4 .7% 2. Hamilton Lake 2 .9% 3. Frankton 4 .6% 3. Harrowfield 2 .9% 4. Forest Lake 4 .4% 4. Western Heights 2 .9% 5. Nawton 4 .4% 5. Claudelands 3 .0% 6. Deanwell 4 .1% 6. Flagstaff 3 .0% 7. Fairview Downs 4 .1% 7. Maeroa 3 .1% 8. Melville 4 .1% 8. Grandview Heights 3 .3% 9. Chartwell 4 .0% 9. Queenwood 3 .3% 10. Fairfield 4 .0% 10. Beerescourt 3 .4%

Highest median rents 12-month change Lowest median rents 12-month change

# Suburb % change # Suburb % change 1. Deanwell/Melville/Fitzroy 11 1%. 1. Flagstaff/Rototuna 2 .3% 2. Dinsdale North/Nawton 7 .3% 2. Fairfield/Fairview Downs 4 .4% 3. Dinsdale South/Frankton 6 .7% 3. Hamilton Central/Maeroa/Frankton Junction 5 .3% 4. Hamilton East/University 6 .5% 4. Te Kowhai/St Andrews/Queenwood 5 .3% 5. Hillcrest/Silverdale/Tamahere 6 .5% 5. Hamilton East/University 6 .5% 6. Te Kowhai/St Andrews/Queenwood 5 .3% 6. Hillcrest/Silverdale/Tamahere 6 .5% 7. Hamilton Central/Maeroa/Frankton Junction 5 .3% 7. Dinsdale South/Frankton 6 .7% 8. Fairfield/Fairview Downs 4 .4% 8. Dinsdale North/Nawton 7 .3% 9. Flagstaff/Rototuna 2 .3% 9. Deanwell/Melville/Fitzroy 11 1%.

Longest on the market Shortest on the market

# Suburb Median days # Suburb Median days 1. Whitiora 49 1. Bader 7 2. Hamilton Central 41 2. Forest Lake 8 3. Flagstaff 22 3. Frankton 10 4. Enderley 22 4. Fairview Downs 11 5. Silverdale 22 5. Dinsdale 12 6. Hamilton East 21 6. Nawton 12 7. Huntington 21 7. Pukete 13 8. Rototuna North 21 8. Maeroa 14 9. Claudelands 21 9. Deanwell 14 10. Beerescourt 21 10. Glenview 15

Top sale price

# Address Sale date Sale price 1. 12 Riverside Ln 9th Sep $2,363,000 2. 18 Riverside Ln 12th Feb $2,085,000 3. 148 Beerescourt Rd 28th May $1,900,000 4. 5 Riverside Ln 25th May $1,800,000 5. 27 Lake Domain Dr 2nd Sep $1,710,000 6. 36 Awatere Ave 16th Jul $1,700,000 7. 31 Opoia Rd 17th Sep $1,665,000 8. 3/22 Marama St 26th Feb $1,642,000 9. 77A Lake Domain Dr 18th Jun $1,650,000 10. 50 Awatere Ave 5th Jun $1,600,000

14 Tauranga

TOP SALE PRICE ALL RESIDENTIAL PROPERTY 210 Oceanbeach Rd, Tauranga $3,500,000

HIGHEST MEDIAN VALUE HIGHEST GROSS RENTAL YIELD Mount Maunganui, Tauranga $1,008,400 Parkvale, Tauranga 4 .5%

LOWEST MEDIAN VALUE LOWEST GROSS RENTAL YIELD Parkvale, Tauranga $523,150 Matua, Tauranga 2 8%.

GREATEST 12 MONTH CHANGE IN MEDIAN VALUES 3 BED HOUSE - HIGHEST RENT 12 MONTH CHANGE Matua, Tauranga 12 0%. Pyes Pa/Hairini/Welcome Bay, Tauranga 6 .0%

LOWEST 12 MONTH CHANGE IN MEDIAN VALUES 3 BED HOUSE - LOWEST RENT 12 MONTH CHANGE Tauranga, Tauranga 3 .0% Mt Maunganui, Tauranga 1 9%.

GREATEST 5 YEAR CHANGE IN MEDIAN VALUES SHORTEST DAYS ON MARKET Gate Pa, Tauranga 63 7%. Papamoa, Tauranga 20

LOWEST 5 YEAR CHANGE IN MEDIAN VALUES LONGEST DAYS ON MARKET Tauranga, Tauranga 42 .7% Judea, Tauranga 39

15 Tauranga Top 10

Highest median value Lowest median value

# Suburb Median value # Suburb Median value 1. Mount Maunganui $1,008,400 1. Parkvale $523,150

2. Matua $954,500 2. Gate Pa $543,800

3. Bethlehem $855,850 3. Poike $549,650

4. Otumoetai $834,950 4. Judea $585,350

5. Pyes Pa $811,550 5. Greerton $587,850

6. Ohauiti $808,600 6. Hairini $626,350

7. Papamoa Beach $804,300 7. Bellevue $634,200

8. Tauranga $802,200 8. Brookfield $641,300

9. Maungatapu $733,650 9. Welcome Bay $686,800

10. Tauranga South $704,800 10. Tauranga South $704,800

Greatest 12-month change Lowest 12-month change

# Suburb % change # Suburb % change 1. Matua 12 .0% 1. Tauranga 3 .0% 2. Hairini 9 .9% 2. Mount Maunganui 4 .9% 3. Poike 9 .7% 3. Tauranga South 5 .7% 4. Bellevue 8 .9% 4. Bethlehem 5 .8% 5. Brookfield 8 .7% 5. Maungatapu 6 .1% 6. Welcome Bay 8 .6% 6. Otumoetai 6 .5% 7. Ohauiti 8 .6% 7. Papamoa Beach 6 .5% 8. Greerton 8 .5% 8. Judea 7 .4% 9. Parkvale 8 .3% 9. Pyes Pa 7 .5% 10. Gate Pa 7 .9% 10. Gate Pa 7 .9%

Greatest 5-year change Lowest 5-year change

# Suburb % change # Suburb % change 1. Gate Pa 63 7%. 1. Tauranga 42 .7% 2. Parkvale 62 .3% 2. Bethlehem 44 .2% 3. Poike 60 .4% 3. Papamoa Beach 44 .9% 4. Hairini 58 1%. 4. Pyes Pa 46 .0% 5. Maungatapu 58 .0% 5. Ohauiti 48 .8% 6. Mount Maunganui 56 .4% 6. Brookfield 49 .6% 7. Greerton 55 .5% 7. Otumoetai 50 .1% 8. Welcome Bay 53 .2% 8. Judea 51 .4% 9. Tauranga South 52 .2% 9. Matua 51 .5% 10. Bellevue 51 .8% 10. Bellevue 51 .8%

Highest median rents Lowest median rents

# Suburb Median rent # Suburb Median rent 1. Mt Maunganui $550 1. Tauranga Central/Greerton $490 2. Papamoa Beach $550 2. Pyes Pa/Hairini/Welcome Bay $530 3. Pyes Pa/Hairini/Welcome Bay $530 3. Bethlehem/Otumoetai $530 4. Bethlehem/Otumoetai $530 4. Mt Maunganui $550 5. Tauranga Central/Greerton $490 5. Papamoa Beach $550

16 Tauranga Top 10 continued

Highest gross rental yields Lowest gross rental yields

# Suburb Yield # Suburb Yield 1. Parkvale 4 .5% 1. Matua 2 .8% 2. Hairini 4 .4% 2. Mount Maunganui 2 .8% 3. Bellevue 4 .3% 3. Tauranga 2 .9% 4. Gate Pa 4 .3% 4. Bethlehem 3 .2% 5. Poike 4 .3% 5. Otumoetai 3 .2% 6. Brookfield 4 .2% 6. Tauranga South 3 .3% 7. Greerton 4 .0% 7. Ohauiti 3 .4% 8. Judea 4 .0% 8. Pyes Pa 3 .4% 9. Welcome Bay 4 .0% 9. Papamoa Beach 3 .6% 10. Papamoa 3 .9% 10. Maungatapu 3 .8%

Highest median rents 12-month change Lowest median rents 12-month change

# Suburb % change # Suburb % change 1. Pyes Pa/Hairini/Welcome Bay 6 .0% 1. Mt Maunganui 1 .9% 2. Bethlehem/Otumoetai 6 .0% 2. Tauranga Central/Greerton 2 .1% 3. Papamoa Beach 5 .8% 3. Papamoa Beach 5 .8% 4. Tauranga Central/Greerton 2 .1% 4. Pyes Pa/Hairini/Welcome Bay 6 .0% 5. Mt Maunganui 1 .9% 5. Bethlehem/Otumoetai 6 .0%

Longest on the market Shortest on the market

# Suburb Median days # Suburb Median days 1. Judea 39 1. Papamoa 20 2. Parkvale 36 2. Papamoa Beach 23 3. Maungatapu 35 3. Gate Pa 25 4. Tauranga South 34 4. Welcome Bay 26 5. Pyes Pa 31 5. Bellevue 26 6. Brookfield 30 6. Bethlehem 27 7. Mount Maunganui 29 7. Matua 27 8. Otumoetai 28 8. Greerton 27 9. Ohauiti 28 9. Otumoetai 28 10. Tauranga 28 10. Ohauiti 28

Top sale price

# Address Sale date Sale price 1. 210 Oceanbeach Rd 31st Jan $3,500,000 2. 209A Marine Pde 3rd Aug $3,150,000 3. 355A Oceanbeach Rd 13th Mar $2,975,000 4. 126 Oceanbeach Rd 20th Feb $2,750,000 5. 26 Pillans Rd 6th Mar $2,700,000 6. 92 Myres St 27th Feb $2,600,000 7. 199B Marine Pde 16th Sep $2,565,000 8. 27 Grove Ave 14th Sep $2,550,000 9. 133A Marine Pde 3rd Feb $2,510,000 10. 14 Strange Grv 7th Mar $2,470,000

17 Wellington

TOP SALE PRICE ALL RESIDENTIAL PROPERTY 7 Clive Rd, Wellington $5,750,000

HIGHEST MEDIAN VALUE HIGHEST GROSS RENTAL YIELD Seatoun, Wellington $1,495,650 Ascot Park, Wellington 6 .3%

LOWEST MEDIAN VALUE LOWEST GROSS RENTAL YIELD Wellington Central, Wellington $466,100 Kelburn, Wellington 2 .0%

GREATEST 12 MONTH CHANGE IN MEDIAN VALUES 3 BED HOUSE - HIGHEST RENT 12 MONTH CHANGE Totara Park, Wellington 22 .7% Kelburn/Aro Valley, Wellington 22 8%.

LOWEST 12 MONTH CHANGE IN MEDIAN VALUES 3 BED HOUSE - LOWEST RENT 12 MONTH CHANGE Karaka Bays, Wellington 1 6%. Hataitai, Wellington -13 8%.

GREATEST 5 YEAR CHANGE IN MEDIAN VALUES SHORTEST DAYS ON MARKET Cannons Creek, Wellington 131 9%. Wallaceville, Wellington 8

LOWEST 5 YEAR CHANGE IN MEDIAN VALUES LONGEST DAYS ON MARKET Wellington Central, Wellington 44 .7% Aotea, Wellington 29

18 Wellington Top 10

Highest median value Lowest median value

# Suburb Median value # Suburb Median value

1. Seatoun $1,495,650 1. Wellington Central $466,100

2. Karaka Bays $1,399,950 2. Waitangirua $477,350

3. Kelburn $1,320,700 3. Cannons Creek $500,900

4. Wadestown $1,190,200 4. Takapuwahia $535,750

5. Khandallah $1,130,100 5. Ranui $543,050

6. Mount Victoria $1,109,050 6. Wainuiomata $547,650

7. Days Bay $1,063,050 7. Taita $551,000

8. Aotea $1,038,950 8. Maoribank $569,100

9. Hataitai $1,026,700 9. Naenae $570,850

10. Island Bay $1,018,250 10. Stokes Valley $580,100

Greatest 12-month change Lowest 12-month change

# Suburb % change # Suburb % change 1. Totara Park 22 .7% 1. Karaka Bays 1 .6% 2. Cannons Creek 18 .9% 2. Wellington Central 2 .1% 3. Takapuwahia 18 .9% 3. Seatoun 2 .4% 4. Wainuiomata 18 .5% 4. Te Aro 3 .6% 5. Stokes Valley 18 .1% 5. Mount Victoria 4 .2% 6. Maoribank 17 1%. 6. Aro Valley 4 .4% 7. Waitangirua 17 1%. 7. Kelburn 4 .5% 8. Ascot Park 17 1%. 8. Thorndon 4 .5% 9. Clouston Park 16 7%. 9. Khandallah 4 .5% 10. Elderslea 16 .6% 10. Newtown 4 .9%

Greatest 5-year change Lowest 5-year change

# Suburb % change # Suburb % change 1. Cannons Creek 131 .9% 1. Wellington Central 44 .7% 2. Wainuiomata 119 .4% 2. Karaka Bays 47 .4% 3. Waitangirua 118 .9% 3. Days Bay 48 .4% 4. Naenae 113 .8% 4. Eastbourne 48 .8% 5. Wallaceville 105 .9% 5. Kelburn 50 .4% 6. Maoribank 105 .0% 6. Seatoun 50 .9% 7. Ascot Park 104 .1% 7. Woburn 53 7%. 8. Taita 103 7%. 8. Highbury 54 .1% 9. Ranui 102 .5% 9. Wadestown 54 .8% 10. Clouston Park 102 .2% 10. Te Aro 56 .4%

Highest median rents Lowest median rents

# Suburb Median rent # Suburb Median rent 1. Wadestown/Thorndon $860 1. Porirua East/Waitangirua $497 2. Mt Victoria/Roseneath $825 2. Wainuiomata $500 3. Mt Cook $780 3. Trentham North/Wallaceville $520 4. Kelburn/Aro Valley $780 4. Taita/Naenae $520 5. Oriental Bay/Seatoun $765 5. Titahi Bay/Onepoto/Elsdon $530 6. Brooklyn $727 6. Totara Park/Maoribank/Te Marua $530 7. Vogeltown/Berhampore/Newtown $720 7. Trentham West/Eldersley/Clouston Park $550 8. Island Bay/Melrose $720 8. Stokes Valley $557 9. Kilbirnie/Lyall Bay $700 9. Moera/Waiwhetu $572 10. Hataitai $677 10. Paremata/Mana/Pukerua Bay $585

19 Wellington Top 10 continued

Highest gross rental yields Lowest gross rental yields

# Suburb Yield # Suburb Yield 1. Ascot Park 6 .3% 1. Kelburn 2 .0% 2. Wellington Central 5 .4% 2. Seatoun 2 .4% 3. Waitangirua 5 .3% 3. Wadestown 2 .4% 4. Cannons Creek 5 .1% 4. Woburn 2 .6% 5. Maoribank 4 8%. 5. Hataitai 2 .6% 6. Stokes Valley 4 .7% 6. Karaka Bays 2 .6% 7. Wainuiomata 4 .7% 7. Northland 2 .6% 8. Ranui 4 .7% 8. Days Bay 2 .7% 9. Takapuwahia 4 .5% 9. Highbury 2 .7% 10. Birchville 4 .5% 10. Karori 2 .7%

Highest median rents 12-month change Lowest median rents 12-month change

# Suburb % change # Suburb % change 1. Kelburn/Aro Valley 22 .8% 1. Hataitai -13 .8% 2. Wadestown/Thorndon 19 .4% 2. Karori -6 .4% 3. Porirua East/Waitangirua 18 .3% 3. Miramar/Strathmore -5 .1% 4. Stokes Valley 17 .3% 4. Trentham North/Wallaceville -2 .8% 5. Eastern Bays 15 .5% 5. Heretaunga/Silverstream -0 .8% 6. Petone/Esplanade 13 .8% 6. Oriental Bay/Seatoun 0 .0% 7. Tawa/Grenada North 13 .2% 7. Mt Cook 0 .0% 8. Brooklyn 11 .8% 8. Trentham West/Eldersley/Clouston Park 1 .9% 9. Wainuiomata 11 1%. 9. Papakowhai/Whitby/Pauatahanui 3 .0% 10. Totara Park/Maoribank/Te Marua 10 .4% 10. Petone West/Alicetown 3 .1%

Longest on the market Shortest on the market

# Suburb Median days # Suburb Median days 1. Aotea 29 1. Wallaceville 8 2. Plimmerton 26 2. Riverstone Terraces 13 3. Paremata 24 3. Naenae 14 4. Hutt Central 24 4. Totara Park 14 5. Pukerua Bay 23 5. Normandale 14 6. Aro Valley 23 6. Stokes Valley 15 7. Whitby 22 7. Karori 15 8. Papakowhai 22 8. Brooklyn 15 9. Woburn 22 9. Island Bay 15 10. Tawa 21 10. Lyall Bay 15

Top sale price

# Address Sale date Sale price 1. 7 Clive Rd 9th Mar $5,750,000 2. 18 Central Tce 19th Mar $3,685,000 3. 219 Marine Dr 17th Jul $3,409,000 4. 2 Moncrieff St 21st Jun $3,235,000 5. 8 Puketiro Ave 26th May $3,150,000 6. 29 The Crescent 4th Feb $3,120,000 7. 27 Salamanca Rd 28th Feb $3,000,000 8. 19 The Crescent 22nd Sep $2,800,000 9. 19 Brougham St 30th Jul $2,534,000 10. 49 Homewood Ave 20th Feb $2,490,000

20 Christchurch

TOP SALE PRICE ALL RESIDENTIAL PROPERTY 68 Garden Rd, Christchurch $4,600,000

HIGHEST MEDIAN VALUE HIGHEST GROSS RENTAL YIELD Scarborough, Christchurch $1,197,150 Aranui, Christchurch 6 4%.

LOWEST MEDIAN VALUE LOWEST GROSS RENTAL YIELD Phillipstown, Christchurch $304,850 Merivale, Christchurch 2 .0%

GREATEST 12 MONTH CHANGE IN MEDIAN VALUES 3 BED HOUSE - HIGHEST RENT 12 MONTH CHANGE North New Brighton, Christchurch 7 9%. Christchurch Central/Hagley, Christchurch 27 8%.

LOWEST 12 MONTH CHANGE IN MEDIAN VALUES 3 BED HOUSE - LOWEST RENT 12 MONTH CHANGE Fendalton, Christchurch -3 6%. Sawyers Arms/Northcote/Belfast, Christchurch -9 .1%

GREATEST 5 YEAR CHANGE IN MEDIAN VALUES SHORTEST DAYS ON MARKET Sumner, Christchurch 18 6%. Phillipstown, Christchurch 11

LOWEST 5 YEAR CHANGE IN MEDIAN VALUES LONGEST DAYS ON MARKET Avonhead, Christchurch 0 .3% Waimairi Beach, Christchurch 56

21 Christchurch Top 10

Highest median value Lowest median value

# Suburb Median value # Suburb Median value 1. Scarborough $1,197,150 1. Phillipstown $304,850 2. Fendalton $1,139,000 2. Aranui $315,050 3. Kennedys Bush $1,131,300 3. Linwood $335,000 4. Merivale $1,005,400 4. Waltham $343,150 5. Strowan $884,700 5. Bromley $351,450 6. Clifton $870,050 6. Avonside $369,150 7. Redcliffs $798,600 7. New Brighton $371,650 8. Huntsbury $778,750 8. Addington $375,950 9. Westmorland $777,850 9. Woolston $376,100 10. Moncks Bay $771,650 10. Richmond $378,350

Greatest 12-month change Lowest 12-month change

# Suburb % change # Suburb % change 1. North New Brighton 7 .9% 1. Fendalton -3 .6% 2. Hoon Hay 6 .3% 2. Northwood -0 .8% 3. Wainui 6 .1% 3. Scarborough -0 .2% 4. South New Brighton 6 .1% 4. Merivale 0 .0% 5. Northcote 6 .0% 5. Mount Pleasant 1 .3% 6. Bromley 5 .9% 6. Kennedys Bush 1 .4% 7. New Brighton 5 .8% 7. Sumner 1 .5% 8. Parklands 5 .8% 8. Burnside 1 7%. 9. Burwood 5 .7% 9. Redcliffs 1 7%. 10. Shirley 5 .6% 10. Clifton 1 7%.

Greatest 5-year change Lowest 5-year change

# Suburb % change # Suburb % change 1. Sumner 18 .6% 1. Avonhead 0 .3% 2. Akaroa 17 .4% 2. Moncks Bay 1 .5% 3. Wainui 16 .1% 3. Fendalton 2 .0% 4. Strowan 14 .8% 4. Clifton 2 .1% 5. Christchurch Central 14 .4% 5. Harewood 2 .4% 6. Lyttelton 14 .1% 6. Linwood 2 .5% 7. Cashmere 11 7%. 7. Northwood 2 .5% 8. Aranui 11 7%. 8. Burnside 3 .2% 9. Yaldhurst 10 .9% 9. Kennedys Bush 3 .2% 10. Diamond Harbour 10 7%. 10. Scarborough 3 .2%

Highest median rents Lowest median rents

# Suburb Median rent # Suburb Median rent 1. Christchurch Central/Hagley $575 1. Linwood/Phillipstown $395 2. Redcliffs/Sumner $500 2. Aranui/Bromley/Bexley $400 3. Merivale/St Albans West $497 3. Sawyers Arms/Northcote/Belfast $400 4. Fendalton/Strowan/Bryndwr $475 4. Woolston/Opawa $407 5. Halswell/Wigram $472 5. Richmond/Avonside $415 6. St Albans East/Edgeware $470 6. North Beach/New Brighton/Southshore $420 7. St Albans North/ Mairehau $470 7. Burwood/Dallington/Avondale $422 8. Westmorland/Cashmere/Barrington $467 8. Sockburn/Upper Riccarton $425 9. St Martins/Beckenham/Huntsbury $460 9. Marshland/Redwood $430 10. Hillmorton/Hoon Hay $450 10. Sydenham/Waltham $430

22 Christchurch Top 10 continued

Highest gross rental yields Lowest gross rental yields

# Suburb Yield # Suburb Yield 1. Aranui 6 .4% 1. Merivale 2 .0% 2. Richmond 5 .9% 2. Scarborough 2 .1% 3. Bromley 5 .8% 3. Kennedys Bush 2 .2% 4. Waltham 5 .8% 4. Fendalton 2 .3% 5. Phillipstown 5 .6% 5. Richmond Hill 2 .7% 6. New Brighton 5 .5% 6. Westmorland 2 .7% 7. Islington 5 .4% 7. Cashmere 2 .8% 8. Woolston 5 .3% 8. Clifton 2 .9% 9. North New Brighton 5 .2% 9. Northwood 2 .9% 10. Hei Hei 5 .1% 10. Cass Bay 3 .0%

Highest median rents 12-month change Lowest median rents 12-month change

# Suburb % change # Suburb % change 1. Christchurch Central/Hagley 27 .8% 1. Sawyers Arms/Northcote/Belfast -9 .1% 2. Styx/Parklands 8 .8% 2. Merivale/St Albans West -5 .3% 3. Addington 7 1%. 3. Richmond/Avonside -5 .0% 4. Westmorland/Cashmere/Barrington 6 .1% 4. Fendalton/Strowan/Bryndwr -5 .0% 5. St Martins/Beckenham/Huntsbury 5 .7% 5. Sockburn/Upper Riccarton -3 .4% 6. Richmond/Shirley 5 .2% 6. Burnside/Harewood -1 .8% 7. Woolston/Opawa 5 .2% 7. Avon Loop/Christchurch East -1 .1% 8. North Beach/New Brighton/Southshore 5 .0% 8. Marshland/Redwood 0 .0% 9. Avonhead/Yaldhurst 4 .7% 9. Sydenham/Waltham 0 .0% 10. St Albans East/Edgeware 4 .4% 10. Bishopdale/Papanui 0 .0%

Longest on the market Shortest on the market

# Suburb Median days # Suburb Median days 1. Waimairi Beach 56 1. Phillipstown 11 2. Akaroa 43 2. Islington 13 3. Northwood 40 3. Somerfield 14 4. Marshland 28 4. Bromley 14 5. Christchurch Central 27 5. Redwood 15 6. Riccarton 27 6. Heathcote Valley 15 7. Merivale 27 7. Hornby 16 8. Sumner 27 8. Spreydon 16 9. Cashmere 26 9. Shirley 17 10. Lyttelton 26 10. Linwood 18

Top sale price

# Address Sale date Sale price 1. 68 Garden Rd 17th Mar $4,600,000 2. 1B Wood Ln 19th Jun $3,100,000 3. 61A Rossall St 20th Feb $2,725,000 4. 8 Royds St 15th Jul $2,525,000 5. 100 Esplanade 13th Jan $2,300,000 6. 28 Wairarapa Tce 29th Jan $2,300,000 7. 9 Scarborough Fare 5th Feb $2,300,000 8. 13 Aylmers Valley Rd 8th Feb $2,275,000 9. 63A Glandovey Rd 13th Apr $2,187,500 10. 57 Garden Rd 20th Feb $2,150,000

23 Dunedin

TOP SALE PRICE ALL RESIDENTIAL PROPERTY 1 Grater St, Dunedin $2,400,000

HIGHEST MEDIAN VALUE HIGHEST GROSS RENTAL YIELD Maori Hill, Dunedin $867,900 Forbury, Dunedin 5 4%.

LOWEST MEDIAN VALUE LOWEST GROSS RENTAL YIELD South Dunedin, Dunedin $373,550 East Taieri, Dunedin 2 6%.

GREATEST 12 MONTH CHANGE IN MEDIAN VALUES 3 BED HOUSE - HIGHEST RENT 12 MONTH CHANGE Liberton, Dunedin 22 6%. Ravenbourne/Mt Mera/Port Chalmers, Dunedin 12 .5%

LOWEST 12 MONTH CHANGE IN MEDIAN VALUES 3 BED HOUSE - LOWEST RENT 12 MONTH CHANGE East Taieri, Dunedin 11 0%. Central Dunedin, Dunedin -12 8%.

GREATEST 5 YEAR CHANGE IN MEDIAN VALUES SHORTEST DAYS ON MARKET Brockville, Dunedin 111 .5% Concord, Dunedin 9

LOWEST 5 YEAR CHANGE IN MEDIAN VALUES LONGEST DAYS ON MARKET East Taieri, Dunedin 51 7%. Belleknowes, Dunedin 20

24 Dunedin Top 10

Highest median value Lowest median value

# Suburb Median value # Suburb Median value 1. Maori Hill $867,900 1. South Dunedin $373,550 2. East Taieri $820,100 2. Waikouaiti $400,300 3. Vauxhall $796,250 3. Caversham $403,200 4. Roslyn $772,900 4. Forbury $405,300 5. Saint Clair $743,000 5. Calton Hill $425,100 6. Shiel Hill $703,150 6. Liberton $442,350 7. Waverley $697,300 7. The Glen $450,300 8. Belleknowes $693,350 8. Saint Kilda $459,250 9. Glenleith $683,050 9. Brockville $462,600 10. North Dunedin $675,000 10. Ocean Grove $462,900

Greatest 12-month change Lowest 12-month change

# Suburb % change # Suburb % change 1. Liberton 22 .6% 1. East Taieri 11 .0% 2. Dalmore 21 7%. 2. Macandrew Bay 11 .3% 3. Sawyers Bay 19 .3% 3. Vauxhall 12 .0% 4. Pine Hill 18 7%. 4. Maryhill 12 .6% 5. North East Valley 18 .6% 5. Ocean View 12 7%. 6. Brockville 18 .6% 6. Brighton 12 .9% 7. Ocean Grove 18 .5% 7. Broad Bay 13 .0% 8. Normanby 18 .5% 8. Glenleith 13 .0% 9. Waikouaiti 18 .3% 9. Balaclava 13 .3% 10. Bradford 17 .6% 10. Mornington 13 .5%

Greatest 5-year change Lowest 5-year change

# Suburb % change # Suburb % change 1. Brockville 111 .5% 1. East Taieri 51 7%. 2. Calton Hill 106 .4% 2. Maori Hill 55 .2% 3. Liberton 105 .3% 3. North Dunedin 56 .6% 4. Bradford 104 .2% 4. Roslyn 65 .7% 5. The Glen 102 .9% 5. Dunedin Central 65 .7% 6. Ocean Grove 102 .6% 6. Macandrew Bay 66 .1% 7. Halfway Bush 98 .6% 7. Vauxhall 67 .3% 8. Concord 98 .5% 8. Broad Bay 68 .3% 9. Port Chalmers 98 .1% 9. Waikouaiti 69 .8% 10. Corstorphine 96 .5% 10. Kinmont Park 71 .4%

Highest median rents Lowest median rents

# Suburb Median rent # Suburb Median rent 1. Musselburgh/Vauxhall/Peninsula $475 1. North Dunedin/Woodhaugh $397 2. Sunnyvale/Abbotsford/Burnside $475 2. University/Maori Hill $405 3. Mosgiel $460 3. Caversham $410 4. South Dunedin/St Kilda $457 4. Rural $410 5. Kew/St Clair/St Kilda East $450 5. Central Dunedin $414 6. Ravenbourne/Mt Mera/Port Chalmers $450 6. Kenmure/Mornington $425 7. Glenleith/Roslyn/Belleknowles $450 7. North East Valley/Pine Hill $430 8. North East Valley/Pine Hill $430 8. Kew/St Clair/St Kilda East $450 9. Kenmure/Mornington $425 9. Ravenbourne/Mt Mera/Port Chalmers $450 10. Central Dunedin $414 10. Glenleith/Roslyn/Belleknowles $450

25 Dunedin Top 10 continued

Highest gross rental yields Lowest gross rental yields

# Suburb Yield # Suburb Yield 1. Forbury 5 .4% 1. East Taieri 2 .6% 2. North Dunedin 5 .4% 2. Outram 2 .8% 3. South Dunedin 5 .3% 3. Roslyn 2 .8% 4. Ocean Grove 5 .2% 4. Dunedin Central 2 .9% 5. Brockville 4 .7% 5. Maori Hill 2 .9% 6. Caversham 4 .7% 6. Saint Clair 2 .9% 7. Concord 4 .7% 7. Vauxhall 3 .0% 8. Saint Kilda 4 .7% 8. Belleknowes 3 .1% 9. Normanby 4 .6% 9. Waitati 3 .1% 10. Ravensbourne 4 .6% 10. Glenleith 3 .2%

Highest median rents 12-month change Lowest median rents 12-month change

# Suburb % change # Suburb % change 1. Ravenbourne/Mt Mera/Port Chalmers 12 .5% 1. Central Dunedin -12 .8% 2. Rural 12 .3% 2. North Dunedin/Woodhaugh -3 .2% 3. Caversham 10 .2% 3. Glenleith/Roslyn/Belleknowles -2 .2% 4. South Dunedin/St Kilda 8 .8% 4. University/Maori Hill 0 .0% 5. Musselburgh/Vauxhall/Peninsula 8 .0% 5. Kew/St Clair/St Kilda East 0 .0% 6. North East Valley/Pine Hill 7 .5% 6. Kenmure/Mornington 1 .2% 7. Sunnyvale/Abbotsford/Burnside 6 .7% 7. Mosgiel 2 .2% 8. Mosgiel 2 .2% 8. Sunnyvale/Abbotsford/Burnside 6 .7% 9. Kenmure/Mornington 1 .2% 9. North East Valley/Pine Hill 7 .5% 10. University/Maori Hill 0 .0% 10. Musselburgh/Vauxhall/Peninsula 8 .0%

Longest on the market Shortest on the market

# Suburb Median days # Suburb Median days 1. Belleknowes 20 1. Concord 9 2. Musselburgh 20 2. Outram 11 3. Waverley 20 3. Calton Hill 12 4. Saint Clair 16 4. Brockville 12 5. South Dunedin 15 5. Corstorphine 12 6. North East Valley 15 6. Kenmure 12 7. Roslyn 15 7. Mosgiel 13 8. Caversham 14 8. Saint Kilda 13 9. North Dunedin 14 9. Dunedin Central 13 10. Andersons Bay 14 10. Mornington 13

Top sale price

# Address Sale date Sale price 1. 1 Grater St 28th Aug $2,400,000 2. 84 Duncan St 11th May $2,070,000 3. 169 Forbury Rd 5th Jun $1,900,000 4. 29 Selkirk St 17th Jun $1,850,000 5. 13 Merlin St 8th Feb $1,700,000 6. 673 Great King St 24th Sep $1,672,000 7. 18 Monro St 3rd Mar $1,500,000 8. 15 Highgrove 13th Feb $1,460,000 9. 5 Strathmore Cres 27th Feb $1,450,000 10. 277 Rattray St 8th Jul $1,450,000

26 In summary

Highest median value Lowest median value

$600,000 $3,000,000 $500,000 $2,500,000 $400,000 $2,000,000 $300,000 $1,500,000 $1,000,000 $200,000 $500,000 $100,000 $0 $0 Bader Parkvale Hamilton NZ Ta ur anga Dunedin Se atoun Auckland Maori Hill Herne Bay Hamilton Wellington Dunedin Harrowfield NZ Phillipstown Christchurch Scarborough Christchurch Auckland Ta ur anga Wellington Dunedin South Runanga (Grey) Auckland Central Auckland Wel ling ton Centra l Mount Maunganui Mount Herne Bay (Auckland) Greatest 12-month change Lowest 12-month change

45% 15% 40% 35% 10% 30% 5% 25% 20% 0% 15% -5% 10% 5% -10% 0% -15% NZ Matua Liberton Dunedin Deanwell Hamilton Ta ur anga Brighton Kaiti Outer (Gisborne) Wellington NZ Totar a Park Mur iwai Whitiora North New North Auckland Hamilton Auckland Taur anga Taur anga Dunedin Christchurch Ea st Taieri Wellington Fe ndalton Shamr ock Park Karak a Bays Christchurch Lake Ha yes (Queenstown)

Greatest 5-year change Lowest 5-year change

60%

250% 50% 200% 40% 150% 30% 100% 20% 50% 10%

0% 0% Gate Pa NZ Enderl ey Dunedin Long Ba y Central Hamilton Ta ur anga Auckland Ta ur anga Ta ur anga Dunedin Brockville Auckland Sumner Hamilton Ea st Taieri Wellington Wellington Point Wells NZ Huntington Avonhe ad Avonhe ad Christchurch Christchurch Wellington (Christchurch) Cannons Creek Cannons Kawerau (Kawerau) Highest median rents Lowest median rents

$1,600 $600 $1,400 $500 $1,200 $400 $1,000 $800 $300 $600 $200 $400 $100 $200 $0 $0 Otahuhu Auckland NZ NZ District D ow ns Por irua Ta ur anga Hamilton Ta ur anga Ta ur anga North Christchurch Christchurch Wellington Hamilton Auckland Dunedin Mt Ma unga nui Central /Hagley Bay/St Marys Dunedin Ruapehu - Entire - Ruapehu /Pe nins ula Wellington Christchurch Auckland - Herne - Auckland Central /Greerton Fairfield/Fairview East/Waitangir ua Flagstaff/Rototuna Herne Bay/St Mar ys Linwood/Phillipstown Dunedin/Woodhaugh Musselburgh/Vauxhall Wadestown/Thorndon 27 In summary continued

Highest gross rental yields Lowest gross rental yields

3.0% 12% 2.5% 10%

8% 2.0%

6% 1.5%

4% 1.0%

2% 0.5%

0% 0.0% NZ Forbury Matua Omaha Central Dunedin Parkvale Omaha NZ Enderl ey Auckland Hamilton Hamilton Hamilton Taur anga Dunedin Ta ur anga Kelburn Ara nui Ea st Taieri Auckland As cot Park (Auckland) Merivale Wellington Wellington Orere Point Christchurch Christchurch Runanga (Grey)

Highest median rents 12-month change Lowest median rents 12-month change

50% 5% 45% 0% 40% -5% 35% -10% 30% -15% 25% -20% 20% -25% 15% -30% 10% -35% 5% 0% Hataitai Auckland Wellington NZ Newmarket Ta ur anga t… Dunedin Hamilton Mt Ma unga nui Vall ey Marys Sawyer s NZ Central Dunedin Central Pyes Auckland Wellington me Bay… Kelburn/Aro Flagstaff/Rototuna e/Fitzroy Hamilton Herne Bay/St Chalmers… Christchurch Christchurch Mera /Por t Queenstown - Lakes Queentown Central Central /Hagley Whakatane - Deanwell/Melvill Pa/Hairini/Welco Ravenbourne/Mt Whakatane Rural Arms/Northcote/Belfas

Longest on the market Shortest on the market

250 25 200 20

150 15

100 10

50 5

0 0 Jude a NZ Ostend Aotea Bader NZ Auckland Whitiora Hamilton Ta ur anga Concord Dunedin Hamilton Dunedin Papamoa Ta ur anga Wellington (Waika to) Bell eknowes Wellington Auckland Heidelberg PortWaikato Wallaceville Phillipstown (Invercargill) Christchurch Christchurch Waimairi Beach WattleDowns

28 corelogic.co.nz