Hamilton City Quarterly economic monitor - June 2019

House prices

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Highlights for Hamilton City

  • The average current house value in Hamilton City was down 2.6% in June 2019 compared with a year earlier. Growth underperformed relative to New Zealand, where prices increased by 1.4%.
  • The average current house value was $581,602 in Hamilton City over the June 2019 year. This compares with $686,691 in New Zealand.

National overview

The dichotomy between the housing market in Auckland and the rest of the country continues. In the year to June 2019, values grew 1.4% nationally, but this was dragged down by a negative result in the supercity. Growth was solid across the rest of the country, with many regions into double-digit growth territory. Demand for housing seems to be constrained by its relative unaffordability, hence we haven’t seen a dramatic effect from the abandonment of the plans for a capital gains tax and reduction in interest rates.