{"id":3039,"date":"2017-07-14T07:00:45","date_gmt":"2017-07-14T06:00:45","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=3039"},"modified":"2017-07-14T07:00:45","modified_gmt":"2017-07-14T06:00:45","slug":"auckland-reports-slow-growth","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/07\/14\/auckland-reports-slow-growth\/","title":{"rendered":"Auckland reports a slow in growth"},"content":{"rendered":"<p><strong>New Zealand\u2019s Real Estate Institute figures have revealed that the median house price in Auckland has risen by just 2.5%, while the rest of the country has grown 11.4%.<\/strong><\/p>\n<p>The figures have come as something of a surprise since Auckland led the <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/03\/08\/chinese-buyers-invest-new-zealand\/\" target=\"\" rel=\"noopener\">house boom<\/a> \u2013 in July 2015 its property prices were increasing at a rate of 27.1%.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"UKGSBvElRN\"><p><a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/05\/12\/property-plays-large-part-nz-economy\/\">Property plays a large part in NZ economy<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Property plays a large part in NZ economy&#8221; &#8212; BuyAssociation Group\" src=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/05\/12\/property-plays-large-part-nz-economy\/embed\/#?secret=LyoawVV0K7#?secret=UKGSBvElRN\" data-secret=\"UKGSBvElRN\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>Sales volumes across New Zealand have also <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2018\/01\/29\/new-zealand-housing-market-stuttering-foreign-investors-abound\/\">continued to decline<\/a> \u2013 in Auckland they are down 33.2% for the year to June, while throughout the rest of the country they are down 24.7% for the same period.<\/p>\n<p>&#8220;We know that it&#8217;s winter and the election is just two months away now which typically impacts the number of properties sold in the market,\u201d commented Bindi Norwell, chief executive of the Real Estate Institute. \u201cThe number of properties sold across the country is the lowest we&#8217;ve seen in the month of June for three years now \u2013 particularly in the $500,000-and-under property price bracket.&#8221;<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"lbAEdWGSnj\"><p><a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/03\/29\/positive-outlook-nz-property-sectors\/\">Positive outlook for NZ property sectors<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Positive outlook for NZ property sectors&#8221; &#8212; BuyAssociation Group\" src=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/03\/29\/positive-outlook-nz-property-sectors\/embed\/#?secret=t4esC8wEQx#?secret=lbAEdWGSnj\" data-secret=\"lbAEdWGSnj\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>Loan-to-value restrictions and interest rate rises have been cited as the cause for the slowdown in Auckland but, despite the deceleration, the city has still managed to report an annual growth of over 7%.<\/p>\n<blockquote><p>&#8220;The average asking price is still up 7.1 per cent on this time last year, but the rate of increase is down from 12 per cent at the start of the year,\u201d commented Nigel Jeffries, head of Trade Me Property. &#8220;It means the significant capital gains of recent years are slowing down but if you&#8217;re looking to buy it will be welcome news that the deposit you require isn&#8217;t surging at the insane rates we&#8217;ve been seeing.&#8221;<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>New Zealand\u2019s Real Estate Institute figures have revealed that the median house price in Auckland has risen by just 2.5%, while the rest of the country has grown 11.4%. The figures have come as something of a surprise since Auckland led the house boom \u2013 in July 2015 its property prices were increasing at a<a class=\"excerpt-read-more\" href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/07\/14\/auckland-reports-slow-growth\/\" title=\"ReadAuckland reports a slow in growth\">&#8230; Read more &raquo;<\/a><\/p>\n","protected":false},"author":1069,"featured_media":4256,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[141],"tags":[239,244,233,41],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/3039"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/comments?post=3039"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/3039\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/4256"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=3039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=3039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=3039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}