This month in our June property update we looked at the difference between the number of homes consented and the number of new homes that have entered the housing stock. We also dug a little deeper to see what an average new build would give you in each of the regions, based on the number of new homes on homes.co.nz since January 2017. We classify properties by being either a dwelling (a house), an apartment, flat or unit – grouped as one, or as a lifestyle property.
In Auckland a new build means you are most likely getting an apartment, flat or unit with 6,168 new properties entering the market. These properties have a median HomesEstimate of $781k and median floor area of 84m2.
In Wellington a new build more often than not means a dwelling with 660 new properties entering the market. These properties have a median HomesEstimate of $940k and median floor area of 184m2.
In Tauranga new builds are dominated by dwellings with 1,242 new properties entering the market. These properties have a median HomesEstimate of $751k and median floor area of 188m2.
New builds in Hamilton are dominated by dwellings with 1,650 new properties entering the market. These properties have a median HomesEstimate of $749k and median floor area of 193m2.
New builds in Christchurch are mostly dwellings with 4,670 new properties entering the market, the most new dwellings for any region in New Zealand. These properties have a median HomesEstimate of $574k and median floor area of 177m2.
New builds in Dunedin are also dwellings with 331 new properties entering the market. These properties have a median HomesEstimate of $666k and median floor area of 186m2.
