Waikato Herald
  • Waikato Herald home
  • Latest news
  • Sport
  • Business
  • Rural
  • Lifestyle
  • Lotto results

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • On The Up
  • Sport
  • Business
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
  • Lifestyle
  • Lotto results

Locations

  • Hamilton
  • Coromandel & Hauraki
  • Matamata & Piako
  • Cambridge
  • Te Awamutu
  • Tokoroa & South Waikato
  • Taupō & Tūrangi

Weather

  • Thames
  • Hamilton
  • Tokoroa
  • Taumarunui
  • Taupō

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 / Waikato News

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 Waikato News

Waikato Herald

Rangitīkei fencer regains Golden Pliers title

02 Jul 06:00 PM
Waikato Herald

Enraged 'mistress' kills innocent motorist while chasing man's wife over family photo

02 Jul 06:43 AM
Waikato Herald

Popular Waikato walkway fully reopens after major upgrade

02 Jul 05:00 AM

There’s more to Hawai‘i than beaches and buffets – here’s how to see it differently

sponsored
Advertisement
Advertise with NZME.

Latest from Waikato News

Rangitīkei fencer regains Golden Pliers title
Waikato Herald

Rangitīkei fencer regains Golden Pliers title

02 Jul 06:00 PM

The 49-year-old had to miss four years of action following a shoulder injury in 2017.

Enraged 'mistress' kills innocent motorist while chasing man's wife over family photo
Waikato Herald

Enraged 'mistress' kills innocent motorist while chasing man's wife over family photo

02 Jul 06:43 AM
Popular Waikato walkway fully reopens after major upgrade
Waikato Herald

Popular Waikato walkway fully reopens after major upgrade

02 Jul 05:00 AM
Heavy rain expected for Tongariro National Park
Waikato Herald

Heavy rain expected for Tongariro National Park

02 Jul 12:53 AM
From early mornings to easy living
sponsored

From early mornings to easy living

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
  • Waikato Herald e-edition
  • Manage your print subscription
  • Manage your digital subscription
  • Subscribe to Herald Premium
  • Subscribe to the NZ Herald newspaper
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • Waikato Herald
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • 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
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP