Quotable Value - House Prices
Mar 15th 2005, 5:30 pm
#1
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Quotable Value - House Prices
QV has released its monthly property statistics for February 2005. The new monthly property statistics may appear in local newspapers, published as the Property ValueMap. (see below)
The monthly statistics provide an indication of how property values around New Zealand have changed over the previous 12 months. Residential sales compiled for the previous 3 months are compared to the same period of the previous year to identify the annual percentage change in property value. QV’s House Price Index methodology is used to generate a residential index for each area by recognising the sales price of each property sold compared to its capital value. This ensures the index provides a measure of change in property values, without fluctuations caused by higher sales volumes in one or more property sectors (e.g. high volumes of apartment sales or investment properties). The residential sales included are for residential houses, apartments, flats, home and income properties, and houses converted to flats.
https://www.qv.co.nz/onlinereports/propertyvaluemap.htm
The monthly statistics provide an indication of how property values around New Zealand have changed over the previous 12 months. Residential sales compiled for the previous 3 months are compared to the same period of the previous year to identify the annual percentage change in property value. QV’s House Price Index methodology is used to generate a residential index for each area by recognising the sales price of each property sold compared to its capital value. This ensures the index provides a measure of change in property values, without fluctuations caused by higher sales volumes in one or more property sectors (e.g. high volumes of apartment sales or investment properties). The residential sales included are for residential houses, apartments, flats, home and income properties, and houses converted to flats.
https://www.qv.co.nz/onlinereports/propertyvaluemap.htm
Mar 15th 2005, 5:33 pm
#2
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Re: Quotable Value - House Prices
Forgot the commentary:
Monday 14 March 2005
Property market continues to cool
The annual growth in residential property values has shown gradual decline across most areas of New Zealand, as indicated by QV’s monthly property statistics released today. However, the overall New Zealand figure remained steady at 13.5% for the year ended February 2005, as some areas continued to show increases in property value growth.
While New Plymouth (32.6%), Dunedin (27.8%), Tauranga (24.3%) and Christchurch (18.7%) recorded impressive annual value growth, the February figures show these cities have experienced a slowdown when compared to their annual growth rates reported in January 2005.
“There’s still good growth in property values in the regional centres in New Zealand, but the annual change continues to point to a gradual softening in the market,” says Blue Hancock of QV Valuations.
Nelson (-4.3% annual change) continued its trend of declining residential property values, while Tasman (-1.4%) also recorded a decline in values for the first time.
“The declines in Nelson and Tasman are consistent with the trend of areas that peaked first in the market slowing significantly and, in some cases, declining,” Mr Hancock said.
The new property statistics released by QV are now released every month and include the latest sales received and compiled by QV up until the end of the previous month. The property statistics use a residential index methodology, which compares the sales price of each property sold to its capital value.
“An index methodology provides a more accurate measure of property value change by reducing the impact of fluctuations caused by changes in demand in different property sectors,” Mr Hancock said.
Monday 14 March 2005
Property market continues to cool
The annual growth in residential property values has shown gradual decline across most areas of New Zealand, as indicated by QV’s monthly property statistics released today. However, the overall New Zealand figure remained steady at 13.5% for the year ended February 2005, as some areas continued to show increases in property value growth.
While New Plymouth (32.6%), Dunedin (27.8%), Tauranga (24.3%) and Christchurch (18.7%) recorded impressive annual value growth, the February figures show these cities have experienced a slowdown when compared to their annual growth rates reported in January 2005.
“There’s still good growth in property values in the regional centres in New Zealand, but the annual change continues to point to a gradual softening in the market,” says Blue Hancock of QV Valuations.
Nelson (-4.3% annual change) continued its trend of declining residential property values, while Tasman (-1.4%) also recorded a decline in values for the first time.
“The declines in Nelson and Tasman are consistent with the trend of areas that peaked first in the market slowing significantly and, in some cases, declining,” Mr Hancock said.
The new property statistics released by QV are now released every month and include the latest sales received and compiled by QV up until the end of the previous month. The property statistics use a residential index methodology, which compares the sales price of each property sold to its capital value.
“An index methodology provides a more accurate measure of property value change by reducing the impact of fluctuations caused by changes in demand in different property sectors,” Mr Hancock said.
Mar 15th 2005, 5:49 pm
#3
farmer nr Queenstown NZ
Joined: Jul 2003
Location: doing stuff, lots of stuff
Posts: 367
Re: Quotable Value - House Prices
Is it time to cash in that place in Dunners?Should be a good earner.
The one i'm waiting to see more than any other is census stats,well as up to date as we can get.Due this year i hear.?
The one i'm waiting to see more than any other is census stats,well as up to date as we can get.Due this year i hear.?
Mar 15th 2005, 6:03 pm
#4
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Re: Quotable Value - House Prices
Not yet, deedee!
REINZ should be out later this week, well, by about the 20th.
Looks like Quotable Value are trying to pinch REINZ's PR by getting in first?
How's summer in the NZ outback?
BTW there are plenty of bits of Spain that are blistering hot in summer but where you can ski in winter - Madrid and bits of Andalusia spring to mind. Just like QT I reckon.
REINZ should be out later this week, well, by about the 20th.
Looks like Quotable Value are trying to pinch REINZ's PR by getting in first?
How's summer in the NZ outback?
BTW there are plenty of bits of Spain that are blistering hot in summer but where you can ski in winter - Madrid and bits of Andalusia spring to mind. Just like QT I reckon.
Mar 15th 2005, 10:19 pm
#5
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Joined: Feb 2005
Posts: 230
Re: Quotable Value - House Prices
We did an online QV a month ago and our property in Auckland which we've had for 3 years has gone up 50% in value.
The higher the price means that your Land Rates go up accordingly too.
The higher the price means that your Land Rates go up accordingly too.
Mar 15th 2005, 11:51 pm
#6
Here in Dunedin
Joined: May 2003
Location: Dunedin
Posts: 1,975
Re: Quotable Value - House Prices
Originally Posted by annaerb
We did an online QV a month ago and our property in Auckland which we've had for 3 years has gone up 50% in value.
The higher the price means that your Land Rates go up accordingly too.
The higher the price means that your Land Rates go up accordingly too.
Apr 11th 2005, 4:58 pm
#7
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Re: Quotable Value - House Prices
Latest:
Monday 11 April 2005
Residential property market continues slowdown
QV’s monthly property statistics continue to reinforce a gradual slowdown in the residential property market, with New Zealand residential properties still growing in value by 12.1% in the 12 months to March 2005, but down from the 13.5% annual growth reported in February.
The majority of areas in New Zealand experienced slowing levels of residential property value growth, where the annual property growth figures for March were below those reported last month.
There remain a number of areas that are still experiencing annual property value growth in excess of 20%, including New Plymouth (31.2%), Wanganui (32.4%), Dunedin (23.8%) and Tauranga (21.2%), but all these areas also slowed from the annual growth figures reported last month, with areas of Dunedin slowing by up to 5%.
“The cooling of property values started in the major urban areas of New Zealand, and now has begun to extend into some of the provincial cities”, said QV Valuations Blue Hancock.
Tasman experienced a further decline in property values (-5.2% annual change), while Nelson (-4.3%) was the only other area to experience a decline in property values, although this decline is consistent with the February figures.
“Expect the trend of gradual slowing of property value growth to continue for most areas in the coming months” Mr Hancock said.
The new property statistics released by QV are now released every month and include the latest sales received and compiled by QV up until the end of the previous month. The property statistics measure a range of types of residential property, including houses, flats and apartments.
https://www.qv.co.nz/onlinereports/propertyvaluemap.htm
Monday 11 April 2005
Residential property market continues slowdown
QV’s monthly property statistics continue to reinforce a gradual slowdown in the residential property market, with New Zealand residential properties still growing in value by 12.1% in the 12 months to March 2005, but down from the 13.5% annual growth reported in February.
The majority of areas in New Zealand experienced slowing levels of residential property value growth, where the annual property growth figures for March were below those reported last month.
There remain a number of areas that are still experiencing annual property value growth in excess of 20%, including New Plymouth (31.2%), Wanganui (32.4%), Dunedin (23.8%) and Tauranga (21.2%), but all these areas also slowed from the annual growth figures reported last month, with areas of Dunedin slowing by up to 5%.
“The cooling of property values started in the major urban areas of New Zealand, and now has begun to extend into some of the provincial cities”, said QV Valuations Blue Hancock.
Tasman experienced a further decline in property values (-5.2% annual change), while Nelson (-4.3%) was the only other area to experience a decline in property values, although this decline is consistent with the February figures.
“Expect the trend of gradual slowing of property value growth to continue for most areas in the coming months” Mr Hancock said.
The new property statistics released by QV are now released every month and include the latest sales received and compiled by QV up until the end of the previous month. The property statistics measure a range of types of residential property, including houses, flats and apartments.
https://www.qv.co.nz/onlinereports/propertyvaluemap.htm
