Author: MIL OSI Publisher

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Property Report – Exceptionally lukewarm: property market hits record December lows

Source: RealEstate.co.nz

  • Record-breaking new listings slump – lowest for any December in 17 years 
  • 11 of 19 regions see average asking prices decline year-on-year 
  • National average asking price back to April 2021 levels.

The New Zealand property market typically slows down in December, but the latest data from realestate.co.nz reveals that December 2024 was more than just a seasonal cooldown—it was ‘exceptionally lukewarm.’

New listings hit a record low for any December since realestate.co.nz tracking began, with nine of 19 regions also reaching their lowest-ever December levels. The national average asking price was also its lowest since April 2021 at $842,476.

Vanessa Williams, spokesperson for realestate.co.nz, said: “The property market always cools in December, but the end of 2024 was record-breakingly quiet.”

Despite this, healthy stock levels and some regional ‘hotspots’ meant opportunities remained for buyers and sellers.

New listings plunge to lowest-ever December levels

As 2024 came to a close, new listings hit a record low for any December since realestate.co.nz records began 17 years ago. Nine of 19 regions also reached their lowest-ever December levels: Northland, Auckland, Waikato, Bay of Plenty, Hawke’s Bay, Taranaki, Wellington, Central Otago/Lakes District, and Manawatu/Whanganui.

Williams noted that the seasonal slowdown continues a trend of fewer properties being listed in December.

“Over the past 17 years, we’ve observed a steady decline in the number of properties listed in December. Historically, December listings were about 30% lower than November. That drop has grown to 50% or more in recent years.”

In December 2024, new listings fell by almost 60% month-on-month (11,129 vs. 4,767)—an even steeper drop than the 50% decline between November and December 2023 (10,712 vs. 4,828).

“The market usually comes off the boil in December, but this year has been exceptionally lukewarm,” said Williams.

Even Auckland wasn’t immune to the December sluggishness. Auckland recorded an all-time low for new listings in any month over the last 17 years, including during COVID-19.

Stock takes a dip – but the market’s still swimming with options

Stock was also down 13.3% month-on-month during December to 29,478 properties for sale. This seasonal dip saw stock levels below 30,000 for the first time since August 2024.

Year-on-year, however, stock was up 18.5%, offering buyers significantly more choice than in December 2023.

National asking price at 2021 levels, with regional highs and lows.

The national average asking price in December 2024 was $842,476, a level last seen before the market started to boom in April 2021, when it was $839,717. While the national figure reflects a return to 2021 levels, it has remained relatively stable year-on-year, with a slight decline of just 0.3% compared to December 2023.

Regionally, there were significant variations between markets. 11 of 19 regions saw average asking prices decline year-on-year. The biggest drops were in Central Otago/Lakes District (17.3% to $1,324,754), Nelson and Bays (13.4% to $829,412), Central North Island (11.0% to $708,350), and Bay of Plenty (10.9% to $823,926).

In contrast, Southland bucked the trend with a 15.3% year-on-year increase to $549,211 – a record-high for December. Additionally, Gisborne, Taranaki, West Coast, and Coromandel hit their highest average asking prices ever recorded for the month of December.

“We often see stark regional differences like this across the country, highlighting how critical local market knowledge is when buying or selling,” said Williams.

About realestate.co.nz

We’ve been helping people buy, sell, or rent property since 1996. Established before Google, realestate.co.nz is New Zealand’s longest-standing property website and the official website of the real estate industry.

Dedicated only to property, our mission is to empower people with a property search tool they can use to find the life they want to live. With residential, lifestyle, rural and commercial property listings, realestate.co.nz is the place to start for those looking to buy or sell property.  

Whatever life you’re searching for, it all starts here.

Want more property insights?

Glossary of terms:

Average asking price (AAP) is neither a valuation nor the sale price. It is an indication of current market sentiment. Statistically, asking prices tend to correlate closely with the sales prices recorded in future months when those properties are sold. As it looks at different data, average asking prices may differ from recorded sales data released simultaneously.

New listings are a record of all the new residential dwellings listed for sale on realestate.co.nz for the relevant calendar month. The site reflects 97% of all properties listed through licensed real estate agents and major developers in New Zealand. This description gives a representative view of the New Zealand property market.

Stock is the total number of residential dwellings that are for sale on realestate.co.nz on the penultimate day of the month.

Rate of sale is a measure of how long it would take, theoretically, to sell the current stock at current average rates of sale if no new properties were to be listed for sale. It provides a measure of the rate of turnover in the market.

Seasonal adjustment is a method realestate.co.nz uses to represent better the core underlying trend of the property market in New Zealand. This is done using methodology from the New Zealand Institute of Economic Research.

Truncated mean is the method realestate.co.nz uses to supply statistically relevant asking prices. The top and bottom 10% of listings in each area are removed before the average is calculated to prevent exceptional listings from providing false impressions.  

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“Frustrating and distressing”: DOC appeals for information after seabirds killed

Source: Department of Conservation

Date:  09 January 2025

A concerned member of the public reported the incident, which happened around 12 pm on Friday, January 3.

DOC Hauraki Operations Manager Avi Holzapfel is dismayed by the report of harm to wildlife.

“It’s extremely frustrating and distressing to hear about this kind of wilful mistreatment of wildlife,” says Avi. “We’re very grateful to the person who reported this to us for their continued assistance.

“So far, we have images of the vessel alleged to be involved, and have made enquiries with local marinas and databases to identify its owner.

One of the boats sought to aid the investigation.
Image: Supplied

“We are keen to speak with people on board two vessels pictured seen in the area at the time, one of which bears the name ‘Dad & Me’, and any other members of the public who may have witnessed the incident.”

If anyone has more information they can provide about this incident, please contact the DOC HOT line on 0800 362 468 or wildlifecrime@doc.govt.nz, quoting CLE Incident CLE-8275.

Many seabirds are classified as absolutely protected under the Wildlife Act 1953. Hunting or killing absolutely protected wildlife can result in penalties of up to two years’ imprisonment, a fine of up to $100,000, or both.

Update: Police have now spoken to people on the other vessel, and are confident they are not involved and do not know those on the suspected offending vessel.

Contact

For media enquiries contact:

Email: media@doc.govt.nz

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First Responders – Whangārei vegetation fire update #2

Source: Fire and Emergency New Zealand

Fire and Emergency was alerted to the fire in Whangārei at approximately 12.30pm this afternoon. Crews from both Whangārei and Onerahi responded, but the fire escalated quickly
Incident Controller, Graeme Quensell, says, “We currently have five helicopters on site, four with buckets and one acting as observation and they will be operating until sundown.
“The fire is approximately 20 hectares, and we have a large number of resources on site. Two properties have evacuated, one of these self-evacuated while the other property is threatened and continues to be. Our crews will be doing structure protection for the property overnight.
“If at any point residents in the area are worried about their property, they should self-evacuate and call 111.”
No roads are currently closed but Whangarei Heads Rd will be slow. Motorists should be aware helicopters will be back operating at first light tomorrow and drive carefully, particularly where there’s smoke.
If residents in the area are impacted by smoke, please keep windows and doors closed and stay inside. Call your GP or Healthline for health advice.
It is not known how the fire started at this stage. An investigation will take place to determine the cause.
Fire and Emergency estimates the fire will take around three days to be extinguished.
Incident Controller, Graeme Quensell, appreciates the support of Fire and Emergency’s partner agencies, NZ Police, DHB, and Whangārei District Council in assisting with the safety of our communities during this incident.
Our next update will be around 7.30am Friday 10 January unless anything changes overnight.
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Anti-poverty groups say amendments to Social Security Act will remove job seekers’ human rights

Source: Child Poverty Action Group

Anti-poverty groups say amendments to Social Security Act will remove job seekers’ human rights.
9 January 2025 – Anti-poverty groups say that changes proposed in the Social Security Act Amendment Bill currently before Parliament would result in more jobseekers and their dependents unable to buy food, pay rent and other basic bills – and at a time when unemployment is at a four year high. [1]
Child Poverty Action Group’s Executive Officer, Sarita Divis, says “This Bill will put at risk the fundamental human rights and wellbeing of people, including many of our most vulnerable. We are particularly concerned about the so-called non-financial sanctions in this Bill, which in reality would have financial consequences and are targeted towards people with children.”
Sanctions proposed in the Bill include a ‘Money Management’ system where 50% of a person’s benefit is placed onto an MSD payment card that can only be used to buy certain items at approved stores. Divis says, “Many people on income support are paying more than 50% of their income in rent. [2] This sanction risks people not being able to make their rent payments and becoming homeless.”
“We are also concerned about the proposed ‘Community Work Experience’ scheme”, says Divis. “Official Information Act requests have revealed that people placed into this scheme – and the Money Management scheme – will not be allowed to access emergency housing, or special needs grants. Yet most benefits don’t cover living costs, and many people and their children rely on those supports for keeping food on the table and a roof over their heads.”
Citizens Advice Bureau NZ National Policy Advisor, Louise May, says that also of concern are the measures in the Bill to make people reapply for their benefit more frequently, and the extension of the period in which an obligation failure can be held against a person. The Bill proposes making people reapply for their benefit every 6 months instead of every twelve months, and that an obligation failure will be held against a person for two years instead of one year.
“These changes will increase the risk of people having their benefits cut or cancelled”, says May. “In the CAB we witness the difficulties job seekers often experience in trying to make their applications and navigate the system. We regularly help people who have had their benefits cut or cancelled through error or mishandling of their case or because they happened to miss a phone call or appointment. Increasing the interactions people must have with Work & Income and tying sanctions to those interactions exposes people to greater risk of harm.”
NZ Disability Advisory Trust’s Senior Disability Service Navigator, Nick Stoneman, says that the Bill undermines what the Social Security Act was established to do. “The purpose of our social security system is for protecting people’s basic human rights – ensuring people can feed and house themselves, keep warm in the wintertime, live a dignified life free from deprivation”, says Stoneman. “Threatening people’s access to the support they need for meeting their basic costs, or actively removing that support, are not things that any Government should do.”
“No matter how people come to need the support of our welfare system, whether it’s because of illness or disability, relationship breakdown, bereavement, being made unemployed – everyone should be guaranteed enough income to live with dignity”, says Stoneman.
May says that the Government must move away from using sanctions against people who need income support. “From the work CAB does with thousands of job seekers every year, we know that the best way to help people improve their lives is through genuine care and support – punishment is counterproductive. Rather than the Government taking a punitive approach, we would like it to focus on working better with people, in positive ways that are actually helpful to them.”
The groups are calling for the Bill to be dropped and for the Government to take the following steps [3] to unlock people and whānau from the constraints of poverty:
1. Increase core benefit levels to the standard of liveable incomes
2. Raise the minimum wage to the living wage
3. Increase the Disability Allowance
4. Overhaul relationship rules
5. Remove sanctions
6. Wipe debt owed to the Ministry of Social Development
7. Improve supplementary assistance and urgent grants
The deadline for written submissions on the Bill is 11.59pm on Friday, 10 January 2025.
The anti-poverty groups supporting this press release are:Child Poverty Action Group, Citizens Advice Bureau NZ, NZ Disability Advisory Trust, NZ Council of Christian Social Services, Parents of Vision Impaired NZ, Disabled Persons Assembly NZ Inc, United Community Action Network, Action Station.
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SH29 summer maintenance programme to resume

Source: New Zealand Transport Agency

Later this week crews will resume work on a significant programme of summer maintenance on State Highway 29.

Work to rebuild and resurface the road across 9 sites began in October 2024, with 2 sites near Hanga Lane and Gargan Road now complete.

Starting this Sunday 12 January*, work will resume near Old Kaimai Road, with 2 night shifts required to complete asphalt resurfacing work at this site. Work will be completed between 7pm and 6am on Sunday 12 and Monday 13 January.

While this work is underway, temporary traffic management, including lane closures and stop/go will be in place, as well as a reduced speed limit of 50km/h during the day to ensure the safety of the community and our team.

Drainage and asphalt resurfacing work will get underway near McLaren Falls Road on Monday 20 January until Thursday 27 February.

The drainage work will be carried out first, with work occurring during the day, Monday to Friday.

Temporary traffic management will be in place including the closure of the entire passing lane starting at Poripori Road and finishing just after McLaren Falls Road (Monday to Friday only, opening at the weekends), plus a reduced speed limit of 50km/h through the site, and 30km/h at the intersection with McLaren Falls Road.

Once drainage works are complete, asphalt works are expected to get underway in late January/early February and will involve lane closures, a reduced speed limit of 50km/h and periods of stop/go at night.

Road users should be prepared for delays and allow extra time for their journeys.

Resurfacing work will get underway near Kaukumoutiti Stream bridge, north of Soldiers Road, on Sunday 19 January, from 7pm to 6am, until Friday 24 January. Temporary traffic management, including stop/go will be in place, as well as a reduced speed limit of 50km/h during the day.

These works form part of the government’s $2.07 billion investment into road and drainage renewal and maintenance across 2024-27 via the State Highway Pothole Prevention fund. 

Once complete, drivers will have smoother and safer journeys along this section of the SH29 corridor. 

In addition, the SH29 Tauriko Enabling Works project continues, with lots of activity along the state highway between Belk and Cambridge roads, including the temporary lane closure of a short section of Cambridge Road.

Tauriko Enabling Works

Meanwhile on the Waikato side, works are also ongoing at the SH1/29 intersection in Piarere.

SH1/SH29 intersection

People are encouraged to plan ahead and see where disruptive works are by using the NZTA Journey Planner.

NZTA Journey Planner(external link)

NZ Transport Agency Waka Kotahi thanks road users and the community for their patience.

*All dates are subject to weather.

View larger/downloadable map [PDF, 120 KB]

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First Responders – Whangārei vegetation fire update

Source: Fire and Emergency New Zealand

Evacuations are underway for a number of homes near a large vegetation fire south of Whangārei.
Fire and Emergency New Zealand crews were called to the fire on Whangārei Heads Rd between Onerahi and Tamaterau around 2.15pm on Thursday.
Ten trucks and five helicopters are currently on the scene.
A number of houses are under threat from fire. 
Whangārei Heads Rd is closed between Edward Rd and Tamaterau. People are advised to avoid the area while firefighters and helicopters work. 
There is a large amount of smoke in the area. 
People affected by the smoke should close windows and doors and reduce outdoor exercise.
For health advice contact your GP or call Healthline on 0800 611 116.
Remember to:
– Keep your windows and doors shut.
– Switch your air conditioning to ‘recirculate’ or turn it off if that is not an option.
– Air out your house when the smoke clears.
– Look out for children, older people, and others at risk.
– Keep pets inside with clean water and food. Keep pets’ bedding inside if possible.
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Name release, fatal crash, Mokoia

Source: New Zealand Police (National News)

Police can now release the name of the person who died in a crash on South Road, Mokoia on Sunday 5 January.

He was 20-year-old Rohaan Thomas, from Palmerston North.

Enquiries into the circumstances of the crash are ongoing.

ENDS

Issued by Police Media Centre

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Information sought on missing fisherman at Piha Beach

Source: New Zealand Police (National News)

Police are making enquiries into the whereabouts of a fisherman who is reportedly unaccounted for at Piha Beach.

Police were contacted at around 1.50pm.

It has been reported the man was fishing off rocks on the southern end of Piha, when he fell into the water.

The Police Eagle helicopter has conducted an initial aerial search, as well as search efforts from Surf Lifesaving New Zealand.

The man has not yet been located and enquiries continue.

At this stage there is limited information about this man.

He is described as being of Asian descent and was wearing a lifejacket at the time. 

Police are asking anyone who may have information about who this man is, or saw him prior to this report to come forward.

Please approach our staff in the area, or otherwise contact Police.

You can use the reference number P061229798.

ENDS.

Jarred Williamson/NZ Police

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Are you using your scissor lift safely?

Source: Worksafe New Zealand

Businesses that use scissor lifts should take a fresh look at safety, after a worker fell from height and died over the holiday period.

Jun Jiang suffered a fall from a scissor lift in Auckland on 28 December 2024, and died days later in hospital. We’re now investigating how this happened.

Scissor lifts, also known as mobile elevating work platforms (MEWPs), are useful but complex pieces of equipment often used for access in hazardous areas. Operators must be trained and competent before using a MEWP and must follow the manufacturer’s operating instructions. They must also use safe working practices and operate the MEWP within its limits.

“If you have a scissor lift on your worksite, now is a good time to review what it’s used for and capable of. Re-familiarise yourself with the manufacturer’s instructions, check tasks are appropriate for the platform, ensure risk assessments and standard operating procedures are relevant, and ensure staff are trained and competent to use the equipment,” says WorkSafe’s area investigation manager, Danielle Henry.

The causes of elevated work platform injuries and deaths investigated by WorkSafe include:

  • not following the manufacturer’s recommendations
  • inadequate training and supervision
  • equipment failure
  • not fully assessing the hazards and risks of the job, site, and equipment.

Boom lifts and vertical lifts are the two basic types of MEWPs. Both can help workers reach elevated areas but have very different capabilities. Businesses must choose the best platform for the task, given the type of work and the work environment. The work needs to be properly planned and hazards and risks managed at the worksite.

WorkSafe’s good practice guidelines outline when harnesses are required for work in mobile elevating work platforms.

Read WorkSafe’s guidance on MEWPs

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Watercare gets to work on first permanent non-potable water tanker filling station in Māngere

Source: Auckland Council

Watercare is laying the groundwork for its first permanent non-potable tanker filling station in Māngere.

The $1.2 million filling station will be available to commercial customers for non-drinking purposes such as dust suppression, house cleaning, irrigation, and process water.

It is being built a block away from the Māngere Wastewater Treatment Plant, on the corner of Greenwood and Ascot roads.

Watercare chief operations officer Mark Bourne says the filling station will replace the last remaining temporary non-potable tanker filling station in Penrose.

“The Penrose non-potable tanker filling station was one of four commissioned to support commercial and construction services affected by water restrictions during the height of the 2020 drought.

“After the drought, all the stations except for the one in Penrose were closed due to the high running costs and upgrades required to keep them operating.”

Watercare head of water planning Tim Scheirlinck describes the non-potable tanker filling station as a cost-effective solution for commercial and construction partners.

“We anticipate achieving full cost recovery for the new permanent tanker filling station at Māngere, with the revenue generated from the sale of non-potable water expected to cover ongoing operational costs.”

Project manager Mohamed Abdelmageed says the filling station will draw water from an established bore that is already on-site.

“We project that the filling station will be able to service around 20 tankers a day. The filling station will be fully automated. Tanker drivers will need to use a swipe card to fill up their tanker. The filling station will be able to store up to 120,000 litres across its four tanks.”

Watercare project manager Mohamed Abdelmageed says the tanker filling station will be able to store up to 120,000 litres across its four tanks.

Abdelmageed says the tanker filling station will only be designed to fill one tanker at a time.

“From the tanks, the water goes to a tanker filling shed which has a fire hose connection for them to fill up from.

“Tanker operators need to connect their own hoses to the filling point and fill their trucks at the top.”

Abdelmageed says the non-potable filling station is expected to be completed by the end of March.

The permanent non potable tanker filling station is on track to be completed in March.

“The construction of the filling station will be straightforward.

“Most of the work will be carried out between 7am to 6pm, Monday to Friday. Work on Saturdays will only take place if necessary.

“Traffic management will only be in place while the vehicle crossing is being constructed.”