The Star: October 22, 2020

The Star Thursday October 22 2020
6
NEWS
Latest Canterbury news at starnews.co.nz
​Hottest 10 real estate suburbs across
• By Chris Barclay
IT WAS hard-hit by the
Christchurch earthquakes but a
decade on Huntsbury, at the base
of the Port Hills is soaring, with
property values going through
the roof.
The suburb, where the first sections
were sold in January 1920,
leads the Real Estate Institute
of New Zealand’s latest breakdown
of the top-10 locations in
Christchurch
in terms of
median (midpoint)
house
prices.
In the year
to September,
Huntsbury’s
median house
Tim
McGoldrick
price surged
from $550,000
to $830,000 –
an increase of 49.5 per cent.
Ray White auctioneer Tim
McGoldrick said suburbs in the
Cashmere High School zone
– which includes Huntsbury
and Spreydon – were proving
popular.
“Anyone who is wanting to
maybe look at Cashmere High
School . . . those fringe areas like
Sydenham, St Martins, Spreydon,
definitely Somerfield and
Beckenham . . . there’s good activity
across the board,” he said.
DESIRABLE: The owners of this property on Roystone Way, Huntsbury, will entertain offers
of more than $1.89 million. The four-bedroom house last sold for $240,000 in 2004. ​
“Your first home buyers, your
top-tier properties . . . things are
moving well and right across the
region there seems to be a very
good clearance rate.
“People still want properties in
good established areas, whether
or not its buyers that are coming
back from overseas to settle or
investors getting back into the
market who haven’t been able to
travel.”
Unsurprisingly Fendalton was
another lucrative address with
the median rising 41.3 per cent
from $1,035,000 to $1,462,500.
Edgeware was another big improver
with the median price now
$475,000, up 37.7 per cent from
$345,000 in September 2019.
Shirley (26.4 per cent)., Riccarton
(26.3 per cent) and Burwood
(25.1 per cent) also showed
significant gains.
Sockburn was the most sought
after suburb with monthly sales
jumping from 13 in September
last year to 37 last month.
That increased interest was reflected
in median houses prices,
AUCTION: This fourbedroom
house on
Huntsbury’s Swanton Drive
goes under the hammer
next month. It is valued in
the range of $1-1.1 million
and last sold for $200,000
in 2007.
which spiraled 21.9 per cent to
$451,000.
Parklands was also a popular
destination with 64 transactions
last month, the highest amount
among the top-10.
The REINZ sales data backs
up figures the organisations
recently released detailing a
boom in property sales in the
city and Canterbury region last
month.
The number of residential
properties sold hit the highest
volume since March 2016, as the
real estate industry booms in
spite of the Covid-19 pandemic.
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