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Home / Business

Property Report: Top 10 places Aucklanders move to

NZ Herald
4 Dec, 2016 05:00 PM2 mins to read

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A senior couple lifting cardboard boxes into or out of the back of a car parked in the driveway of a house. Pictures/GettyImages

A senior couple lifting cardboard boxes into or out of the back of a car parked in the driveway of a house. Pictures/GettyImages

The top 10 destinations* for Aucklanders who have a sold a property and bought another one outside the city this year, are:

1. Tauranga: average property value is now $652,000.
QV figures still show strong 27 per cent growth in Tauranga's annual value change but it is possible it's slowing down
after hitting 28.5 per cent in August 2016.

2. Whangarei: average property value $452,000.
Whangarei's annual value growth is sitting at 23.9 per cent, its strongest value growth since 2006 (in the lead up to previous property market peak).

3. Thames Coromandel: average property value $624,000.
Annual value growth currently 15.5 per cent which may have begun to flatten.

4. Hamilton: average property value $537,000.
Continues to have strong property value growth at 25 per cent but that's down on July 2016's 31.5 per cent.

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5. Far North including Kerikeri, Kaitaia and Paihia: average property value $360,000, still below previous 2007 peak of $398,000.
Annual value growth running at 11.6 per cent after hitting 16 per cent in September 2016.

6. Waikato District including Pokeno, Huntly, Tuakau, Te Kauwhata and Raglan: average property value $421,000.

Annual value growth 30.2 per cent; its strongest growth since 2006 (in the lead up to previous property market peak).

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7. Christchurch: average property value $498,000.
Has 4.7 per cent recent annual value growth, having already experienced much value growth earlier in the re-build.

8. Rotorua: average property value $363,000.
Recent annual value growth still strong at 25.9 per cent but under the 27.1 per cent it was running at in August of this year.

9. Western Bay Of Plenty including Katikati, Omokoroa, Waihi Beach and Te Puke: average property value $597,000.

Annual value growth sitting at 33 per cent - the strongest growth across the whole country and stronger value growth than the locale experienced at any time in the lead up to previous property market peak.

10. Kaipara District including Mangawhai Heads, Mangawhai and Dargaville: average property value $436,000.

Annual growth 20.2 per cent, slowing slightly from prior months' peak of 20.9 per cent.

*Destinations ranked using CoreLogic buyer classification data with additional information from the QV House Price Index.

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