Hawkes Bay Today
  • Hawke's Bay Today home
  • Latest news
  • Sport
  • Business
  • Opinion
  • Lifestyle
  • Property
  • Video
  • Death notices
  • Classifieds

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • On The Up
  • Sport
  • Business
  • Opinion
  • Lifestyle
  • Property
    • All Property
    • Residential property listings
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology

Locations

  • Napier
  • Hastings
  • Havelock North
  • Central Hawke's Bay
  • Tararua

Media

  • Video
  • Photo galleries
  • Today's Paper - E-Editions
  • Photo sales
  • Classifieds

Weather

  • Napier
  • Hastings
  • Dannevirke
  • Gisborne

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In

Advertisement
Advertise with NZME.
Home / Hawkes Bay Today

Good housing market in Bay

Ruby Harfield
By Ruby Harfield
Hawkes Bay Today·
14 Jul, 2017 08:00 PM3 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save
    Share this article
BBS Registered Valuer Andrew White, of My Valuer. Photo/File

BBS Registered Valuer Andrew White, of My Valuer. Photo/File

A stable economy and out-of-town buyers are contributing to an excellent housing market in Hawke's Bay.

Figures released from My Valuer to Hawke's Bay Today show housing prices are steadily increasing especially in Ahuriri, Napier Hill, Clive and Havelock North, with a high demand and low supply.

BBS Registered Valuer Andrew White, of My Valuer, said the current market has been good because of low interest rates, a really strong economy, a good construction industry and plenty of out-of-town buyers.

"It's all very positive and optimistic.

"This is classic economics where the imbalance between low supply and high demand is the catalyst that has been driving up house prices."

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

Someone commented on Facebook the other day about advice on privately selling a house and they received 60 comments from people in the region wanting to buy it, he said.

There was also a low supply in the market due to lots of buyers but sellers worrying that they would not be able to have as many purchase choices as they wanted, he said.

However, this would be resolved if more people sold into the market because it would widen the stock and if more land was available for redevelopment.

Advertisement
Advertise with NZME.

This was likely to resolved in Spring when it was more likely that people would put their house on the market.

High demand and low supply also pushed house prices up which was great for the market, he said.

"It's a positive property market for everyone."

Colliers International Central Region director Cam Ward said he was continuing to see excellent results in sales of houses in the upper to high price ranges.

This is partly to do with people upgrading, up sizing and others moving into the region especially from Auckland because they can get great capital gain and employment, he said.

"This is certainly helping the market."

Taradale and Greenmeadows have really strong sales numbers and good buyer action due to being desirable areas to raise a family with good schools, he said.

Hawke's Bay started to see a healthy growth in property prices, without spikes like other regions, last year and this has continued to grow with houses still being affordable.

Bayleys Havelock North residential manager Daniel Moffit said he has seen an incredible increase in the number of properties over $1million selling due to prices increasing and people buying properties from out of the region.

Napier Hill, Esk Valley and Havelock North were desirable places with steadily increasing prices.

Advertisement
Advertise with NZME.

Hastings has shown the highest growth having had an increase in the median house price of 15.82% over the last 12 months.

There have been strong house prices throughout the region with 36.05% growth since 2014 and all areas showing growth over this period.

Sale volumes have been at record highs with 251 sales occurring for Hawkes Bay in March 2017.

In Ahuriri the median sale price was $572,000 for the first half of 2017 compared to $540,000 for the same six month period in 2016.

Parklands showed significant growth in the first of 2017 and now has the regions
highest median house price of $680,000.

Taradale has seen the largest sale volumes with 98 sales so far in 2017 with the
majority of these sales being in the $350,000 - $400,000 price bracket.

Advertisement
Advertise with NZME.

Clive is the district's top performer showing 24.82% growth.

Flaxmere's median house price is now $210,000; the highest median price that has been recorded for the area.

Save
    Share this article

Latest from Hawkes Bay Today

Hawkes Bay Today

Fire performers, street food, live music: Bid to revitalise Napier CBD after dark

Hawkes Bay Today

Prepare for pyrotechnics: Fireworks business owner joins Hastings mayoralty race

Hawkes Bay Today

Eddie Peters cold case - what you need to know

Watch

Sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

Advertisement
Advertise with NZME.

Latest from Hawkes Bay Today

Fire performers, street food, live music: Bid to revitalise Napier CBD after dark
Hawkes Bay Today

Fire performers, street food, live music: Bid to revitalise Napier CBD after dark

The Winter Street Jams will run from 5pm to 8pm, with shops and eateries open late.

22 Jul 03:39 AM
Prepare for pyrotechnics: Fireworks business owner joins Hastings mayoralty race
Hawkes Bay Today

Prepare for pyrotechnics: Fireworks business owner joins Hastings mayoralty race

22 Jul 02:44 AM
Eddie Peters cold case - what you need to know
Hawkes Bay Today

Eddie Peters cold case - what you need to know

Watch
22 Jul 02:33 AM


Solar bat monitors uncover secrets of Auckland’s night sky
Sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

06 Jul 09:47 PM
NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • Hawke's Bay Today e-edition
  • Manage your print subscription
  • Manage your digital subscription
  • Subscribe to Herald Premium
  • Subscribe to the Hawke's Bay Today
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • Hawke's Bay Today
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • NZME Events
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • © Copyright 2025 NZME Publishing Limited
TOP