October Market Update

Reiterating what we’ve been saying all year; market stats for various areas through Rodney District all share a continued upward trend in property value reporting from January to October (comparing 2021 and 2022). As we see housing prices falling around other areas of Auckland, pricewise, the lifestyle market seems unaffected. Days on the market remains similar to the same time last year, taking between 37 and 58 days across all three areas.

Much like our market analysis from last month, the Kaukapakapa and Helensville lifestyle market appears to be enjoying the most significant increase in median sales prices with a 21.4% increase on the same period last year (Jan-Oct). This area has a median sales price of $1,517,500. There have been five sales in the month of October alone.

Looking at percentage increases year on year for the Wainui & Waitoki lifestyle market, increases don’t appear as pronounced as they did last month when we analysed the stats. This month, when looking at the year to date (Jan – Oct), although we continue to see an increase in median sales price, it is at the less impressive rate of 6.79% (versus 15.15% January to September '22 vs '21, excluding sales of future urban land holdings). Wainui and Waitoki have a median sales price of $1,911,500. October has seen two sales.

Helensville residential has experienced an increase of 6.27% year on year for the same period January to October. Median prices for residential homes in Helensville are $932,000 (excluding sales of townhouses, apartments, sections). Four residential sales occurred this past October. Property in all three areas continue to sell above the latest rateable values (check your neighbourhood stats as this fluctuates significantly between areas).

See below for a breakdown by area.

If you require advice, we're happy to help by educating you on the state of the market so that you can make more informed decisions.