The Auckland housing market continued to cool slightly through March and April as the effects of tougher lending rules and higher fixed mortgage rates continued to affect sales volumes.
Values in Auckland fell 0.4 percent in the three months to the end of April, QV reported, while Barfoot and Thompson reported volumes in Auckland fell to their lowest level for an April since 2008.
But volumes and prices were healthier elsewhere as Auckland’s halo effect from 2015 and 2016 continued to spread through the country. Wellington values rose a further 3.4 percent over the last three months, taking them 21.2 percent higher than a year ago. Values continued to rise in Whangarei, Hamilton, Tauranga, Central Otago and Dunedin, but fell slightly in Christchurch where extra supply is dampening price inflation.
Values in Auckland fell 0.4 percent in the three months to the end of April, QV reported, while Barfoot and Thompson reported volumes in Auckland fell to their lowest level for an April since 2008.
But volumes and prices were healthier elsewhere as Auckland’s halo effect from 2015 and 2016 continued to spread through the country. Wellington values rose a further 3.4 percent over the last three months, taking them 21.2 percent higher than a year ago. Values continued to rise in Whangarei, Hamilton, Tauranga, Central Otago and Dunedin, but fell slightly in Christchurch where extra supply is dampening price inflation.
