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

Northland's success on the property market continues

Imran Ali
By Imran Ali
Multimedia Journalist·Northern Advocate·
16 Nov, 2018 06:00 PM3 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

Geoffrey Barnett and his wife chose not only to buy an existing business but also purchased a house in Kerikeri. Photo/Peter de Graaf

Geoffrey Barnett and his wife chose not only to buy an existing business but also purchased a house in Kerikeri. Photo/Peter de Graaf

Northland has seen a spring bounce in its property market, with huge increases in the number of new listings and the median house price that rose nearly three times that experienced nationally.

Much of what's happening is seasonal as many homeowners typically choose to hold off putting their properties on the market until after winter has passed and weather conditions are more favourable.

Figures from the Real Estate Institute of New Zealand (REINZ) shows Northland's median price rose by 17.5 per cent— from $415,000 to $487,500— in October compared to the same month last year.

The national median price rise was up 6 per cent to $562,000.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

New listings went up 26.2 per cent, from 432 to 545, in just one year.

The number of residential properties sold in Northland increased 21.7 per cent, from 198 to 241, during the same period with the bulk of it taking place in Whangārei.

Northland's property market has sprung back into action with more houses in the market and more sales.
Photo/Michael Cunningham
Northland's property market has sprung back into action with more houses in the market and more sales. Photo/Michael Cunningham

Christchurch couple Geoff and Tania Barnett moved to Northland last month and not only bought a three-bedroom house but existing business, Kingscourt Interiors Flooring Xtra, in Kerikeri as well.

Both have been sailing to Northland for seven or eight years and were looking for opportunities to relocate while running a property management company in Christchurch.

Advertisement
Advertise with NZME.

"We've seen the property market here going up and were looking at Russell, Paihia, and Kerikeri but Kerikeri is part of the Bay of Islands recreationally and the growth in the housing market and population is good for business.

"There are a lot of areas here unlike in Christchurch, the weather is good, Kerikeri has the appeal of a smaller centre and the good things that go with it," he said.

The Barnetts put in an offer for a house a day after it was listed on a Friday and even after increasing that offer, missed out on the property which was sold on a Monday.

OneRoof.co.nz editor Owen Vaughan said, like much of New Zealand, Northland has seen a spring bounce in its property market for a number of reasons, including seasonal factors.

Discover more

Make developers pay infrastructure bills, FNDC urged

21 Nov 01:00 AM
Tourism

Women's RWC part of blockbuster year

15 Nov 03:16 AM

Piles put down for Hundertwasser Gallery

16 Nov 06:30 PM
Business

Boatyard resource consents declined

19 Nov 03:10 AM

"But the positive story around Northland and the infrastructure that is due to be implemented will have made the market more attractive to Auckland buyers, who typically in the past looked south towards Hamilton and Rotorua for value and for affordability.

"The recently announced changes in mortgage rates will likely fuel house-buying activity and give homeowners in the region more confidence about making a step up," he said.

Northland's median house price rise is the third best in the country behind Manawatu and Otago.

However, the median house price values in the other two regions— $344,000 for
Manawatu and Otago's $480,000— still lag behind Northland's $487,500.

In comparison, the median price rise in Auckland in the last 12 months was a mere 1.8 per cent ($865,000), Waikato 4.6 per cent ($522,000) and Bay of Plenty 10.3 per cent ($580,000).

REINZ chief executive Bindi Norwell said more listings in Northland meant more choices for buyers and she expected the number of properties and prices to grow in summer months.

Advertisement
Advertise with NZME.

For first home buyers, she said banks lowering interest rates coupled with one-off Kiwisaver grant of $10,000 should help families get on to the property ladder.

Figures show 1370 residential houses were for sale in the market or 123 more compared with 1247 an year ago.

Of those, Whangārei had 127, Far North 74, and Kaipara 40.

Save

    Share this article

Latest from Northern Advocate

Northern Advocate

The Good Drop: Warehouse, Salvation Army team up for textile recycling

Northern Advocate

Police name person who died in early morning Kaitāia crash

Northern Advocate

Kaipara mayoral hopefuls on rates, museums and what they would do differently


Sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

Advertisement
Advertise with NZME.

Latest from Northern Advocate

The Good Drop: Warehouse, Salvation Army team up for textile recycling
Northern Advocate

The Good Drop: Warehouse, Salvation Army team up for textile recycling

Donors receive a 10% voucher for clothing purchases over $30 as an incentive.

14 Jul 04:00 AM
Police name person who died in early morning Kaitāia crash
Northern Advocate

Police name person who died in early morning Kaitāia crash

14 Jul 02:07 AM
 Kaipara mayoral hopefuls on rates, museums and what they would do differently
Northern Advocate

Kaipara mayoral hopefuls on rates, museums and what they would do differently

14 Jul 12:00 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
  • 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