if you had?

If is was possible to buy “median properties”

and you sold a property in Nov 05 insteed of keeping it you would have

Invercargill – been 25% worse off than today (ie prices have risen 25%)
Queenstown – 13% better off than today (ie prices have fallen 13%)
King Country – 2% better off than today
Dargaville – 47% worse off than today
Wanganui – 32% worse off than today
Hawera – 48% worse of than today (ie prices have risen 48% in last 12 months)
Bluff – 16% Better off – ie prices have fallen 16%
Dunedin – 9% worse off – ie prices have risen 9%
Gisborn Country – 249% worse ie prices have risen 249%
Manukau Rural – 52% better off ie prices have fallen 52%
Riverton – 21% better off as prices have fallen 21%
Mangonui 18% better off – prices have fallen
paihia 48% better off as prices have fallen 48%

Auckland city 13% better off ie prices have fallen

Just like oz there a many many different markets in NZ all rising and falling at different rates and within those markets many different sub markets, and categories.

Happy Hunting

Note building consents are still higher in Invercargill than 24 months ago and rising – this is the case in alot of regional markets however consents in auckland and some other market have fallen dramatically. Some say there is scope to buy well in the Auckland unit market at the moment if you know your stuff.

Invercargill rents – units increased 10% year on year while houses increased 7% year on year.

NB: Numbers from the New zealand property magazine – pick up a copy. There is also an interesting article on the 2007 property outlook .

http://www.cashflowproperties.co.nz