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20 May 2019

April 2019 Market Wrap

After a topsy-turvy month, the market appears to be heading for brighter, calmer waters going into winter.


Clear Skies Ahead

At first glance, you would be forgiven for thinking that the sales volumes across all markets over the past month would give good reason to be of concern. However, when you take into consideration that April was an extremely disrupted month workwise – with Easter, Anzac Day, and school holidays – and then there was the uncertainty we all felt around the proposal for a Capital Gains Tax. All things considered, the market held its ground and performed pretty well.

As we drill deeper into the detail of April’s statistics, we are heartened and gain confidence in the fact that the median price in many of the areas in which we operate enjoyed a healthy upward trend – this was especially evident in Greater Ponsonby, the North Shore, and the western fringes of the city.

In other suburbs there was a steady slowdown after the bumps in the market earlier in the year. In these areas we need to be mindful that every suburb has its time or season during the year. The important message to take on board is that the indicators are clearly showing that we are continuing to move into a steady market across all the suburbs we have a focus in.

Now that all the distractions of April are behind us – and with the added attraction of the lowest OCR in our history – we feel pretty confident about the future, and so should those of you who are thinking of selling. It’s well worth giving us a phone call to us to find out how we do it; we would love the opportunity to talk to you.

Select your area

  • Greater Ponsonby: Herne Bay, Ponsonby, Freemans Bay, Westmere, Grey Lynn, St Marys Bay
  • The North Shore
  • Eden Quarter: Mount Eden, Kingsland, Eden Terrace, Sandringham
  • Western Fringe: Mount Albert, Mount Roskill, Point Chevalier, Three Kings, Western Springs
  • Greater Avondale: Waterview, Avondale, Kelston
  • Greater Titirangi: Laingholm, Titirangi
  • Auckland City Apartments: Eden Terrace, Freemans Bay, Grafton, Grey Lynn, Herne Bay, Kingsland, Ponsonby, St Marys Bay, Westmere

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