Latest news with #Trademe
Scoop
07-07-2025
- Business
- Scoop
House Prices Hit Nine Month Low In June
Press Release – Trademe In June the average asking price was $829,650, down more than $15,000 (-1.8%) on May and -1.4 per cent year-on-year. The national average asking price has fallen to its lowest since September 2024, shows Trade Me's latest Property Pulse Report. In June the average asking price was $829,650, down more than $15,000 (-1.8%) on May and -1.4 per cent year-on-year. Trade Me Property Customer Director Gavin Lloyd said Auckland prices have taken the largest hit. 'Tāmaki Makaurau has seen the largest decline in the average asking price, from both a month-on-month (-2.4%) and year-on-year perspective (-2.7%). 'If we look at the price in June, and compare it to the same time last year it shows a fall of close to $28,000. That said, the average asking price of property in Aotearoa's largest city continues to hold above the million dollar mark (at $1,005,950), $150,000 more than the Bay of Plenty, which is the next most expensive region,' said Lloyd. Deep South, good gains The average asking price for a property in Otago has grown by close to $54,000 in the year to June, a 6.7 per cent increase. There are four districts within the region driving the increase, Waitaki where prices are up 2.8 per cent year-on-year, Dunedin (+2.2%), Queenstown Lakes (+1.8%) and Wanaka (+1.3%) 'Otago is a huge and diverse region, it's laid-back, incredibly scenic and is particularly appealing for lovers of the great outdoors, a wonderful place to call home. 'With recent Census figures showing increasing Kiwi to be moving south it will be interesting to see if the growth in house prices in Otago continues its steady upward trajectory,' says Mr Lloyd. Outside of Otago, Southland has also made good gains across the year with the average asking price up 3.4 per cent or around $17,000. 'The average price in Southland in June was just over $522,000, so while it's on the up it still remains one of the most affordable regions across the motu.' Further north, both Hawkes Bay and Taranaki show strong year-on-year growth. The average asking price in Taranaki is up 5.2 per cent or close to $35,000, while Hawkes Bay prices have increased 3.8 per cent year-on-year, the equivalent of more than $27,000. Supply and demand down both fall The number of listings on Trade Me Property, which hit a decade high in March, fell nine per cent between May and June but remained four per cent up year-on-year. Demand was also down 12 per cent on the month prior but flat compared to June 2024. 'Seeing supply dip at this stage of the year isn't unexpected, but there remains plenty of choice in the market for those house hunting with several thousand more properties listed on site than the same month last year,' says Mr Lloyd. The median number of days onsite increased from 70 in May to 78 in June.
Scoop
07-07-2025
- Business
- Scoop
House Prices Hit Nine Month Low In June
Press Release – Trademe In June the average asking price was $829,650, down more than $15,000 (-1.8%) on May and -1.4 per cent year-on-year. The national average asking price has fallen to its lowest since September 2024, shows Trade Me's latest Property Pulse Report. In June the average asking price was $829,650, down more than $15,000 (-1.8%) on May and -1.4 per cent year-on-year. Trade Me Property Customer Director Gavin Lloyd said Auckland prices have taken the largest hit. 'Tāmaki Makaurau has seen the largest decline in the average asking price, from both a month-on-month (-2.4%) and year-on-year perspective (-2.7%). 'If we look at the price in June, and compare it to the same time last year it shows a fall of close to $28,000. That said, the average asking price of property in Aotearoa's largest city continues to hold above the million dollar mark (at $1,005,950), $150,000 more than the Bay of Plenty, which is the next most expensive region,' said Lloyd. Deep South, good gains The average asking price for a property in Otago has grown by close to $54,000 in the year to June, a 6.7 per cent increase. There are four districts within the region driving the increase, Waitaki where prices are up 2.8 per cent year-on-year, Dunedin (+2.2%), Queenstown Lakes (+1.8%) and Wanaka (+1.3%) 'Otago is a huge and diverse region, it's laid-back, incredibly scenic and is particularly appealing for lovers of the great outdoors, a wonderful place to call home. 'With recent Census figures showing increasing Kiwi to be moving south it will be interesting to see if the growth in house prices in Otago continues its steady upward trajectory,' says Mr Lloyd. Outside of Otago, Southland has also made good gains across the year with the average asking price up 3.4 per cent or around $17,000. 'The average price in Southland in June was just over $522,000, so while it's on the up it still remains one of the most affordable regions across the motu.' Further north, both Hawkes Bay and Taranaki show strong year-on-year growth. The average asking price in Taranaki is up 5.2 per cent or close to $35,000, while Hawkes Bay prices have increased 3.8 per cent year-on-year, the equivalent of more than $27,000. Supply and demand down both fall The number of listings on Trade Me Property, which hit a decade high in March, fell nine per cent between May and June but remained four per cent up year-on-year. Demand was also down 12 per cent on the month prior but flat compared to June 2024. 'Seeing supply dip at this stage of the year isn't unexpected, but there remains plenty of choice in the market for those house hunting with several thousand more properties listed on site than the same month last year,' says Mr Lloyd. The median number of days onsite increased from 70 in May to 78 in June.
Scoop
05-05-2025
- Business
- Scoop
Hurricanes Donate Jerseys To Support New Zealand's Veterans
Press Release – RSA RSA National President Sir Wayne Shelford expressed deep gratitude for the Hurricanes ongoing generosity. Following their hard-fought victory over the Brumbies in Canberra last month, the Hurricanes have demonstrated that their strength extends beyond the rugby pitch. In a meaningful gesture, all 23 jerseys worn by Hurricanes players during the DHL Super Rugby Pacific's Anzac Round have been donated to the RSA. The aim is to help generate funds in support of New Zealand's military veterans and their whānau. Each jersey, featuring the RSA's iconic red poppy, has been personally signed by the player who wore it. RSA National President Sir Wayne Shelford expressed deep gratitude for the Hurricanes' ongoing generosity. 'Time and again, the Hurricanes prove they're not just fierce competitors but compassionate community leaders. Last year's jersey auction raised more than $11,000 for our support services, and we're truly thankful to have the chance to raise even more this year.' Hurricanes CEO Avan Lee echoed those sentiments, emphasizing the alignment between the two organizations' values. 'We're proud to support the RSA and the crucial work they do for our veterans,' said Lee. 'Giving back is a big part of who we are as a club. Connection and humility are two values we hold dear, and the RSA's Poppy—such a powerful national symbol—will always be worn with honour by our team.' The jerseys are listed for sale on auction site Trade me and close on Thursday 8 May and can be viewed here:
Scoop
05-05-2025
- Sport
- Scoop
Hurricanes Donate Jerseys To Support New Zealand's Veterans
Following their hard-fought victory over the Brumbies in Canberra last month, the Hurricanes have demonstrated that their strength extends beyond the rugby pitch. In a meaningful gesture, all 23 jerseys worn by Hurricanes players during the DHL Super Rugby Pacific's Anzac Round have been donated to the RSA. The aim is to help generate funds in support of New Zealand's military veterans and their whānau. Each jersey, featuring the RSA's iconic red poppy, has been personally signed by the player who wore it. RSA National President Sir Wayne Shelford expressed deep gratitude for the Hurricanes' ongoing generosity. 'Time and again, the Hurricanes prove they're not just fierce competitors but compassionate community leaders. Last year's jersey auction raised more than $11,000 for our support services, and we're truly thankful to have the chance to raise even more this year.' Hurricanes CEO Avan Lee echoed those sentiments, emphasizing the alignment between the two organizations' values. 'We're proud to support the RSA and the crucial work they do for our veterans,' said Lee. 'Giving back is a big part of who we are as a club. Connection and humility are two values we hold dear, and the RSA's Poppy—such a powerful national symbol—will always be worn with honour by our team.' The jerseys are listed for sale on auction site Trade me and close on Thursday 8 May and can be viewed here:
