Auckland Property Market

 
 

 

 

 

Fastest Growing Suburbs squashed

   Christchurch Property Market

 
 

 

Looking to Invest or buy in the Christchurch property market?

 
Is the Christchurch Property Market Undervalued?

If you're considering investing in Christchurch, then you've probably already seen that Canterbury house prices have been relatively flat over the last 6 to 7 years. In fact, house prices in the city have levelled off since December 2013.

At that time, the Canterbury median house price was $400,000. By May 2020 that had only grown to $460,000.

While that $60,000 gain is nothing to be sniffed at, it represents only a 2.17% compounding gain every year. That's incredibly low, especially during a time where house prices lept forward elsewhere around the country.

If you're at the stage where you are considering an investment then you might question: “are Christchurch house prices going to continue to be flat in the foreseeable future?”

Christchurch Property Market | Suburb Prices | Opes

 

That's the stage where you to look at a graph like the below which compares the Canterbury median house price with the New Zealand median house price. This helps to give a sense of where Canterbury house prices sit relative to the rest of New Zealand.

Over the last 27 years Canterbury's median house price has been 88.06% of the New Zealand median.

That means is that if the New Zealand median house price was $100,000, we'd expect the Canterbury median house price to be $88,060.

 

 

 

      Hamilton Property Market

 


 

 

 

 

 

Hamilton Suburbs That Have Performed the Best in the Hamilton Property Market

 

 

 

     Wellington Property Market

 
 

 

 

 

 

Over the last 27 years Canterbury's median house price has been 88.06% of the New Zealand median.

That means is that if the New Zealand median house price was $100,000, we'd expect the Canterbury median house price to be $88,060.