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Property Report A4 2

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4.9 District Growth Comparison<br />

QV Quarterly House Price Index<br />

Source: www.QV.com.nz<br />

HOUSING PRICE INDEX<br />

2750<br />

2500<br />

2000<br />

2250<br />

2000<br />

1750<br />

1500<br />

1 Jan 2013 1 Jul 2013 1 Jan 2014 1 Jul 2014 1 Jan 2016 1 Jul 2015 1 Jan 2016 1 Jul 2016<br />

1 Jan 2017<br />

1 Jul 2017<br />

Hamilton<br />

New Zealand<br />

Overview of Statistics<br />

• The above graph measures the movement in house prices providing an indicator of capital growth<br />

and how prices are trending in an area allowing for a direct comparison between different areas<br />

within New Zealand.<br />

• High levels of immigration has impacted on property supplies. Supply and demand are the biggest<br />

market indicators to determine area growth.<br />

• If an area is experiencing population growth and the number of new property listings are low this<br />

will cause house prices to rise.<br />

• Last year we saw in Auckland a 1.4% increase on stock but 60,000 new people migrating and yet<br />

Auckland is still building less houses than pre-GFC.<br />

27

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