Northern Advocate
  • Northern Advocate home
  • Latest news
  • Business
  • Opinion
  • Lifestyle
  • Sport
  • Property
  • Video
  • Death notices
  • Classifieds

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

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

Locations

  • Far North
  • Kaitaia
  • Kaikohe
  • Bay of Islands
  • Whangārei
  • Kaipara
  • Mangawhai
  • Dargaville

Media

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

Weather

  • Kaitaia
  • Whangārei
  • Dargaville

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 / Northern Advocate

Have house prices hit their peak? New CoreLogic report reveals where they're heading

RNZ
27 Oct, 2021 05:00 PM2 mins to read

Subscribe to listen

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

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

Quarterly report to the end of September shows growth in average property values slowed to 4.8 per cent. Photo / Hagen Hopkins, Getty Images, File

Quarterly report to the end of September shows growth in average property values slowed to 4.8 per cent. Photo / Hagen Hopkins, Getty Images, File

From RNZ

The rate of house price growth appears to have peaked over the past three months with sales and price growth set to ease in the months ahead.

CoreLogic's quarterly property market update for for the third quarter ended September shows growth in average property values has slowed to 4.8 per cent, from 8.1 per cent in April.

Corelogic chief property economist Kelvin Davidson said sales activity and property value growth had been cooling for a few months, with stretched affordability likely to be one factor for the subdued demand, with a few would-be buyers holding back.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

"It wouldn't be a surprise to see single digit gains in property values next year, perhaps around the 5 per cent mark," Davidson said, noting some regions had seen a drop in average values over the past couple of months.

Kelvin Davidson. Photo / Supplied, File
Kelvin Davidson. Photo / Supplied, File

For example, Rotorua's values were down 2.4 per cent on three months ago, while Waikato District dropped 1.9 per cent.

Davidson said the recent increase in the Reserve Bank's official cash rate was the latest in a long list of headwinds designed to cool the property market.

"My hope is that borrowers don't get complacent about mortgage rate rises given a typical one or two-year fixed rate could be above 4 per cent next year," he said.

Advertisement
Advertise with NZME.

"Certainly, the combination of higher mortgage rates, low gross rental yields and tighter regulation, such as 40 per cent deposits and the phased removal of interest deductibility, is having a strong effect on mortgaged investors' appetite and activity."

Save

    Share this article

Latest from Northern Advocate

Premium
Northern Advocate

'Ambulance at the bottom': Retailers criticise new shoplifting penalties

13 Jul 05:00 PM
Northern Advocate

Man jailed after forcing children to witness horrific animal cruelty

13 Jul 08:00 AM
Northern Advocate

Insulation rule changes could cut $15k from new build costs

13 Jul 04:00 AM

From early mornings to easy living

sponsored
Advertisement
Advertise with NZME.

Latest from Northern Advocate

Premium
'Ambulance at the bottom': Retailers criticise new shoplifting penalties

'Ambulance at the bottom': Retailers criticise new shoplifting penalties

13 Jul 05:00 PM

Business owners aren't convinced instant fines are enough to curb shoplifting.

Man jailed after forcing children to witness horrific animal cruelty

Man jailed after forcing children to witness horrific animal cruelty

13 Jul 08:00 AM
Insulation rule changes could cut $15k from new build costs

Insulation rule changes could cut $15k from new build costs

13 Jul 04:00 AM
Kaipara Deputy Mayor loses another battle with FENZ in six-year employment dispute

Kaipara Deputy Mayor loses another battle with FENZ in six-year employment dispute

13 Jul 03:00 AM
Solar bat monitors uncover secrets of Auckland’s night sky
sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

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
  • The Northern Advocate e-edition
  • Manage your print subscription
  • Manage your digital subscription
  • Subscribe to Herald Premium
  • Subscribe to the Northern Advocate
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The Northern Advocate
  • The New Zealand Herald
  • The Northland Age
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • © Copyright 2025 NZME Publishing Limited
TOP