New Zealand Real Estate and New Zealand Property Information

SEARCH NEW ZEALAND REAL ESTATE AND PROPERTY FOR SALE

NEW ZEALAND REAL ESTATE AND PROPERTY INFORMATION FOR FOREIGNERS

New Zealand Real Estate continues to be the preferred asset class for New Zealanders.
New Zealand Real Estate investment by foreigners is welcomed and encouraged by New Zealand governments.
New Zealand Real Estate does not generally attract any capital gains, transfer or estate taxes or any stamp duty.
New Zealand 's political and investment environment is democratic, stable, safe and secure.

New Zealand Real Estate Investment by Foreigners
(A précis of the regulations regarding the purchase of New Zealand Property by foreigners.)

New Zealand Property Investment/Taxation Implications
(A précis of the taxation implications regarding the purchase of New Zealand Property by foreigners)

NEW ZEALAND REAL ESTATE MONTHLY SALES STATISTICS & TRENDS INFORMATION

1. Monthly Residential Dwelling Sales Data
2. Monthly Residential Section Sales Data
3. Monthly Residential Building Approvals (Consents) Data

1. Monthly Residential Dwelling Sales Data

• The following data are the most up to date data available. Data are obtained monthly in arrears and are updated and published online at the middle of the following calendar month.
• These data relate to all Real Estate agency transacted Urban Residential Dwelling Sales for the whole of New Zealand.
• Residential Dwelling Sales are Houses, apartments, units, townhouses, villas and condos.
• These data exclude all developer direct and privately transacted Sales.
• These data are recorded in the month of settlement rather than the month of contract. 

November 2008 There was a total of 4,279 residential dwelling sales throughout New Zealand during November 2008 compared with 7,837 in November 2007 and 4,469 sales in October 2008. The November ten year average for the Number of Sales is 8,188. The national Median Sale Price in November 2008 was $337,500 compared with $352,000 in November 2007 and $335,000 in October 2008. It took an average of 44 days to sell a dwelling in November 2008 compared with 36 days in November 2007 and 47 in October 2008. The November five and ten year averages for the Median Number of Days to Sell are 33 and 35 respectively.   During the past six months there has been a total of 26,261 sales. This compares with 41,113 for the same period last year and 52,279 for the previous year. During the past twelve months there have been a total of 57,366 sales. This compares with 94,749 for the same period last year and 100,787 for the previous year.   During the past six months the median number of Days to Sell has averaged 52, compared to 33 for the same period last year and 32 for the previous year. During the past twelve months the median number of Days to Sell has averaged 48, compared to 32 for the same period last year and 33 for the previous year.   Our "New Zealand Residential Property Index" (Price Growth % over the past year) for November 2008 is -4.8% compared with +8.9% for the same period last year and -5.4% for October 2008. See these data in more detail below.

NEW ZEALAND REAL ESTATE

Number of Sales

Sales by Year (1992-2007)

Year Total Sales 1992    64,982 1993    75,569 1994    90,628 1995    83,567 1996    89,413 1997    88,523 1998    70,272 1999    79,149 2000    65,571 2001    76,092 2002    101,837 2003    119,891 2004     107,009 2005    104,654 2006    102,126 2007 92,101

Monthly Totals for Recent Years

Month 2004 2005 2006 2007 2008 Jan 8,404 7,078 6,360 7,566 (7513, 6552) 5,186 (6919, 6576) Feb 9,940 10,231 7,930 9,357 (9416, 8086) 6,356 (8763, 8178) Mar 11,371 10,398 10,094 10,989 (10720, 9149) 5,129 (9596, 8991) Apr 9,594 8,876 7,576 8,194 (8657, 7620) 4,464 (7741 , 7569) May 9,416 9,280 9,642 9,285 (9756, 8211) 4,373 (8399, 8125) Jun 8,367 8,025 8,428 7,474 (8417, 7235) 4,305 (7320, 7167) Jul 7,802 8,213 7,771 6,660 (8117, 7154) 4,489 (6987, 7088) Aug 8,191 8,591 8,562 6,394 (8386, 7412) 4,220 (7192, 7278) Sep 7,854 9,186 8,671 5,894 (8458, 7289) 4,499 (7221, 7164) Oct 8,191 8,513 8,857 6,854 (8668, 7699) 4,469 (7377, 7499) Nov 9,502 9,357 9,990 7,837 (9482, 8485) 4,279 (8193, 8188) Dec 8,377 6,906 8,245 5,597 (7566, 6690)   Total 107,009 104,654 102,126 92,101

(Items in brackets show that month's 5 and 10 year averages)

      Past 14 Month Trend

Previous Six Month Totals for Recent Years

Six Months (To the end of) 2003 2004 2005 2006 2007 2008 Jan 51,184 59,632 49,913 48,913 51,891 (52,307) 37,762 (49,622) Feb 52,772 59,379 51,233 48,252 52,686 (52,864) 37,724 (49,855) Mar 55,576 60,063 53,777 49,160 55,004 (54,716) 36,959 (50,993) Apr 55,175 58,734 54,462 48,223 54,341(54,187) 34,569 (50,066) May 56,501 57,428 54,240 48,508 53,636 (54,063) 31,105 (48,983) Jun 58,525 57,092 53,888 50,030 52,865 (54,480) 29,813 (48,738) Jul 60,504 56,490 55,023 51,541 51,959 (55,103) 29,116 (48,825) Aug 61,073 54,741 53,383 52,073 48,996 (54,053) 26,980 (47,235) Sep 61,013 51,224 53,383 50,650 43,901 (51,701) 26,350 (45,102) Oct 62,889 49,821 51,808 51,931 42,561 (51,802) 26,355 (44,495) Nov 62,453 49,907 51,885 52,279 41,113 (51,527) 26,261 (44,289) Dec 61,366 49,917 50,766 52,096 39,236 (50,676)

(Items in brackets show that month's 5 year average)

       Past 14 Month Trend

Number of Days to Sell a Dwelling

Median Number of Days to Sell: by Year (1992 - 2007)

Year Days to sell 1992 49 1993 45 1994 35 1995 36 1996 36 1997 37 1998 45 1999 44 2000 50 2001 52 2002 38 2003 28 2004 30 2005 29 2006 34 2007 32

Average Monthly Totals for recent years (Median Number of Days to Sell)

Year 2003 2004 2005 2006 2007 2008 Jan 38 32 38 38 38 (37, 45) 49 (39, 45) Feb 32 29 31 37 32 (32, 42) 50 (36, 43) Mar 29 27 28 33 27 (29, 36) 40 (31, 36) Apr 29