Latest news with #GavinLloyd
Scoop
13-06-2025
- Business
- Scoop
House Prices And Listings Fall, But Demand Up
Press Release – Trade Me Property The national average asking price has retracted with property prices dropping 1.2 per cent to $845,250, according to Trade Mes latest Property Pulse Report. Trade Me Property Customer Director Gavin Lloyd said that this marked the second consecutive … The national average asking price has retracted with property prices dropping 1.2 per cent to $845,250, according to Trade Me's latest Property Pulse Report. Trade Me Property Customer Director Gavin Lloyd said that this marked the second consecutive month-on-month decline in average asking price, following a 0.8 per cent drop in April. 'We saw prices fall across most of the motu in May, with only four exceptions of the 15 Trade Me Property monitors. Southland (+1.2%), Taranaki (+1.5%), the West Coast (+1.4%) and Manawatū/Whanganui (+0.1%) were the only regions showing some signs of growth.' Metro centre prices hit eight month lows Auckland, Wellington and Canterbury all recorded their lowest prices since September 2024. In Tāmaki Makaurau prices fell 1.5 per cent on April and 2.5 per cent year-on-year to $1,030,850. In Wellington the average asking price in May was $805,100, a 0.6 per cent fall on the previous month and down 2.9 per cent on May 2024. In Canterbury the average asking price fell to $705,650, representing a 0.6 per cent decline both month-on-month and year-on-year. Gavin Lloyd says alongside price decreases, time onsite is starting to increase. 'Buyers tend to take a little more time in the winter months and the current market is already showing signs of this slow down with median days onsite sitting at 70 in May, up from 62 in April,' said Lloyd. Supply and demand The number of listings on Trade Me Property in May fell 1.3 per cent month-on-month but remained five per cent up on May last year. Auckland and Taranaki were the only two regions to show listings growth, albeit modest at one per cent. All other regions monitored by Trade Me Property saw a decline in supply between April and May. In contrast, demand continued to grow recording a 2.4 per cent increase on April, and up four per cent year-on-year. Auckland, Canterbury, Southland and Taranaki all saw demand growth of between five and six per cent from April. 'A plentiful supply of properties, coupled with more affordable loan repayments is giving buyers a sense of renewed confidence and motivation,' said Lloyd.
Scoop
13-06-2025
- Business
- Scoop
House Prices And Listings Fall, But Demand Up
The national average asking price has retracted with property prices dropping 1.2 per cent to $845,250, according to Trade Me's latest Property Pulse Report. Trade Me Property Customer Director Gavin Lloyd said that this marked the second consecutive month-on-month decline in average asking price, following a 0.8 per cent drop in April. 'We saw prices fall across most of the motu in May, with only four exceptions of the 15 Trade Me Property monitors. Southland (+1.2%), Taranaki (+1.5%), the West Coast (+1.4%) and Manawatū/Whanganui (+0.1%) were the only regions showing some signs of growth.' Metro centre prices hit eight month lows Auckland, Wellington and Canterbury all recorded their lowest prices since September 2024. In Tāmaki Makaurau prices fell 1.5 per cent on April and 2.5 per cent year-on-year to $1,030,850. In Wellington the average asking price in May was $805,100, a 0.6 per cent fall on the previous month and down 2.9 per cent on May 2024. In Canterbury the average asking price fell to $705,650, representing a 0.6 per cent decline both month-on-month and year-on-year. Gavin Lloyd says alongside price decreases, time onsite is starting to increase. 'Buyers tend to take a little more time in the winter months and the current market is already showing signs of this slow down with median days onsite sitting at 70 in May, up from 62 in April,' said Lloyd. Supply and demand The number of listings on Trade Me Property in May fell 1.3 per cent month-on-month but remained five per cent up on May last year. Auckland and Taranaki were the only two regions to show listings growth, albeit modest at one per cent. All other regions monitored by Trade Me Property saw a decline in supply between April and May. In contrast, demand continued to grow recording a 2.4 per cent increase on April, and up four per cent year-on-year. Auckland, Canterbury, Southland and Taranaki all saw demand growth of between five and six per cent from April. 'A plentiful supply of properties, coupled with more affordable loan repayments is giving buyers a sense of renewed confidence and motivation,' said Lloyd.
Otago Daily Times
12-06-2025
- Business
- Otago Daily Times
Remarkables Park villas in high demand
An artist's impression of Queenstown's Kawarau Villas. PHOTO: SUPPLIED A two-level apartment development in Queenstown's Remarkables Park appears to be hitting the sweet spot with the market. Launched last September, the first 39-unit stage of Kawarau Villas is already under construction at 7 Juniper Pl, right below the Remarkables Park shopping centre. The second stage, comprising 38 units, officially launched last month, and already nearly half of the 77 released homes are under contract, Bayleys' residential projects GM Gavin Lloyd says. "We believe this is the fast-selling project in Queenstown." Prices in this stage range from $850,000 to $1.05million — they're mostly three-bedders with just one two-bedder left to sell. Lloyd says the development — which will be 120 units all up — has attracted a wide range of buyers, from owner-occupiers, including first-home buyers, to investors who are particularly attracted by the 365-days-a-year visitor accommodation consent. Described as "contemporary living with alpine charm", Kawarau Villas is said to have "a sleek and minimalist Nordic-inspired design" that combines luxury with functionality. Each terrace home comes with a private backyard and a carpark. There are four typologies — the sole two-bed option is 67sqm and the three-bed options range from 82-86sqm. The developer's Auckland-based Tony Gapes' Redwood Group, which also developed Frankton's Five Mile shopping centre, central Queenstown's The Alex Apartments and Arthurs Point's Coronet Peak Alpine Villas.
Scoop
12-06-2025
- Business
- Scoop
Trade Me Property Data Shows Impact Of New Census Figures As More Kiwi Head South
Press Release – Trade Me Property New data from Trade Me Property shows a notable shift in New Zealand's property market landscape, with a growing number of Kiwi moving South. Census data released this week showed a significant internal migration trend, with approximately 86,000 people moving from the North Island to the South Island between 2018 and 2023. That was about 30,000 more people than went in the opposite direction. Trade Me Property Customer Director Gavin Lloyd says it's fascinating to see how the shifts outlined in the Census are playing out across Aotearoa's property market. 'For years, the North Island, particularly Auckland, has been the powerhouse of the property market. However, with more Kiwi seeking lifestyle changes and potentially more affordable options, the South Island is certainly gaining ground.' While the North Island continues to hold a higher average asking price, Trade Me Property figures show the gap has narrowed between the two islands. 'In December 2021 there was an average asking price difference of more than $350,000 between the North and South islands, but from late 2021 we saw that gap start to close. 'Last month the average North Island asking price was just over $182,000 higher than the South Island – a significant bridge of the divide we saw in late 2021. 'This migration trend could well be a response to the cost of living and housing affordability challenges faced in the North Island,' Mr Lloyd adds. 'We're also hearing from a lot of agents in the South Island that they're seeing an increasing number of enquiries from Kiwi in the North looking to relocate. Our data is backing this up, with listing views on properties in Canterbury in May up 7 per cent year-on-year. 'The South Island has plenty to offer Kiwi with vibrant urban centres like Christchurch to the stunning natural landscapes of Otago and Southland, often at a more accessible price point.'
Scoop
12-06-2025
- Business
- Scoop
Trade Me Property Data Shows Impact Of New Census Figures As More Kiwi Head South
Press Release – Trade Me Property 'This migration trend could well be a response to the cost of living and housing affordability challenges faced in the North Island,' Trade Me Property Customer Director Gavin Lloyd adds. New data from Trade Me Property shows a notable shift in New Zealand's property market landscape, with a growing number of Kiwi moving South. Census data released this week showed a significant internal migration trend, with approximately 86,000 people moving from the North Island to the South Island between 2018 and 2023. That was about 30,000 more people than went in the opposite direction. Trade Me Property Customer Director Gavin Lloyd says it's fascinating to see how the shifts outlined in the Census are playing out across Aotearoa's property market. 'For years, the North Island, particularly Auckland, has been the powerhouse of the property market. However, with more Kiwi seeking lifestyle changes and potentially more affordable options, the South Island is certainly gaining ground.' While the North Island continues to hold a higher average asking price, Trade Me Property figures show the gap has narrowed between the two islands. 'In December 2021 there was an average asking price difference of more than $350,000 between the North and South islands, but from late 2021 we saw that gap start to close. 'Last month the average North Island asking price was just over $182,000 higher than the South Island – a significant bridge of the divide we saw in late 2021. 'This migration trend could well be a response to the cost of living and housing affordability challenges faced in the North Island,' Mr Lloyd adds. 'We're also hearing from a lot of agents in the South Island that they're seeing an increasing number of enquiries from Kiwi in the North looking to relocate. Our data is backing this up, with listing views on properties in Canterbury in May up 7 per cent year-on-year. 'The South Island has plenty to offer Kiwi with vibrant urban centres like Christchurch to the stunning natural landscapes of Otago and Southland, often at a more accessible price point.'
