{"id":1645,"date":"2021-06-06T07:32:55","date_gmt":"2021-06-06T07:32:55","guid":{"rendered":"https:\/\/www.webuyproperty.co.nz\/?p=1645"},"modified":"2026-09-22T11:05:05","modified_gmt":"2026-09-22T11:05:05","slug":"auckland-housing-market-news-reports-national-median-price-of-805k","status":"publish","type":"post","link":"https:\/\/dailybasisnews.com\/designs\/we-buy\/auckland-housing-market-news-reports-national-median-price-of-805k\/","title":{"rendered":"Auckland Housing Market News Reports National Median Price of $805K"},"content":{"rendered":"<p>In 2021, the annual increase in asking price reached 16% by March. The <strong>Auckland housing market news <\/strong>was quite iterative of the impressive sale numbers- in spite of a drop in supply by 9%, and a demand increase by 26%, in March.\u00a0Wellington leads the pack with its highest year-on-year growth, clocking 20% above the average asking price prevalent this time, last year. Auckland prices also climbed by 10% in the same category. Besides the regions of Nelson, Otago, and West Coast, Auckland set new asking price records everywhere; even breaking the million mark.<\/p>\n<p>Is the sky the limit for the <strong>Auckland house prices in 2021<\/strong>? Let\u2019s follow the chronology from 2020.<\/p>\n<h1>Chronology of the 2020 NZ housing market<\/h1>\n<p>As per <strong>Auckland housing market news<\/strong>, the Auckland Savings Bank reported a dip of 8% in housing confidence. Hence, the temporary annulment of the LVR mitigated pressure on the banks in 2020 and was a well-received decision. The LVRs were initiated in 2013 to allow no more than 10% of a banking institute\u2019s new mortgages by value to be customers with deposits of less than 20%.<\/p>\n<p>However, the Reserve Bank had decided to postpone the LVR reforms from coming into action for a year. The <strong>Auckland housing market updates<\/strong>\u00a0from May 2020 reflected a 10% hike in prices as a result. The Reserve Bank confirmed that in June 2020, first-time home buyers were credited for a bigger share of new mortgages than institutional\/professional investors. July reported its highest house sales in 5 years.<strong>\u00a0<\/strong><\/p>\n<p><a href=\"https:\/\/dailybasisnews.com\/designs\/we-buy\/wp-content\/uploads\/2021\/06\/Picture1.jpg\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-medium wp-image-1646 aligncenter\" src=\"https:\/\/dailybasisnews.com\/designs\/we-buy\/wp-content\/uploads\/2021\/06\/Picture1-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/dailybasisnews.com\/designs\/we-buy\/wp-content\/uploads\/2021\/06\/Picture1-300x200.jpg 300w, https:\/\/dailybasisnews.com\/designs\/we-buy\/wp-content\/uploads\/2021\/06\/Picture1-1024x683.jpg 1024w, https:\/\/dailybasisnews.com\/designs\/we-buy\/wp-content\/uploads\/2021\/06\/Picture1-768x512.jpg 768w, https:\/\/dailybasisnews.com\/designs\/we-buy\/wp-content\/uploads\/2021\/06\/Picture1.jpg 1500w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p><strong>Auckland median house price <\/strong>average rose in August, along with that of more than half the major property market regions in NZ. The national median house price rose from $580,000 in August 2019 to $675,000 in August 2020- depicting a hike of 16.4%. It further rose to a record-breaking $685,000 by September.<\/p>\n<p>The Reserve Bank started cracking down harder, but that did not stop the house prices from reaching a staggering $749,000 in November, reflecting a year-on-year hike of 19.4%. Even with the Government voicing concerns, first-time home buyers made up 24% of the market share, 3% more than the average. The record was broken for the second month in a row as the prices touched $788,000 in December. <strong>Auckland housing market updates <\/strong>suggested that it was only when the Reserve Bank discussed reinstating the LVR policies in February 2021, that the median prices fell by a meager percentage to $780,000.<\/p>\n<h1>What lies ahead in 2021?<\/h1>\n<p>The pundits expect that the market shall cool off April onwards- What with the newly reformed Loan-to-value ration policies by the NZ government coming into action from May 1st; and, the level 4 lockdown in April playing a spoilsport to successful sales.<\/p>\n<p>House sales numbers in April 2021 depicted a drop of as much as 78% when compared to the data from the same month in 2019. \u00a0Experts have remained quite firmly rooted in their expectations from the NZ housing market; despite the spike in the <strong>Auckland median house price <\/strong>by the 2nd quarter of the calendar year 2021, after a dip in Feb-March.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2021, the annual increase in asking price reached 16% by March. The Auckland housing market news was quite iterative of the impressive sale numbers- in spite of a drop in supply by 9%, and a demand increase by 26%, in March. Wellington leads the pack with its highest year-on-year growth, clocking 20% above the average asking price prevalent thi&#8230;<\/p>\n","protected":false},"author":5,"featured_media":1647,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[59,55],"class_list":["post-1645","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-auckland-real-estate-market","tag-auckland-housing-market-news","tag-auckland-housing-market-updates"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Auckland Housing Market News Reports National Median Price of $805K - We Buy Property<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Auckland Housing Market News Reports National Median Price of $805K - We Buy Property\" \/>\n<meta property=\"og:description\" content=\"In 2021, the annual increase in asking price reached 16% by March. The Auckland housing market news was quite iterative of the impressive sale numbers- in spite of a drop in supply by 9%, and a demand increase by 26%, in March. Wellington leads the pack with its highest year-on-year growth, clocking 20% above the average asking price prevalent thi...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dailybasisnews.com\/designs\/we-buy\/auckland-housing-market-news-reports-national-median-price-of-805k\/\" \/>\n<meta property=\"og:site_name\" content=\"We Buy Property\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-06T07:32:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-09-22T11:05:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailybasisnews.com\/designs\/we-buy\/wp-content\/uploads\/2021\/06\/Picture2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"1007\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"WeBuyProperty Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"WeBuyProperty Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/dailybasisnews.com\\\/designs\\\/we-buy\\\/auckland-housing-market-news-reports-national-median-price-of-805k\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/dailybasisnews.com\\\/designs\\\/we-buy\\\/auckland-housing-market-news-reports-national-median-price-of-805k\\\/\"},\"author\":{\"name\":\"WeBuyProperty Team\",\"@id\":\"https:\\\/\\\/dailybasisnews.com\\\/designs\\\/we-buy\\\/#\\\/schema\\\/person\\\/6beab7d2067e61aa2dda249f60e04026\"},\"headline\":\"Auckland Housing Market News Reports National Median Price of $805K\",\"datePublished\":\"2021-06-06T07:32:55+00:00\",\"dateModified\":\"2026-09-22T11:05:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/dailybasisnews.com\\\/designs\\\/we-buy\\\/auckland-housing-market-news-reports-national-median-price-of-805k\\\/\"},\"wordCount\":489,\"publisher\":{\"@id\":\"https:\\\/\\\/dailybasisnews.com\\\/designs\\\/we-buy\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/dailybasisnews.com\\\/designs\\\/we-buy\\\/auckland-housing-market-news-reports-national-median-price-of-805k\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/dailybasisnews.com\\\/designs\\\/we-buy\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/Picture2.jpg\",\"keywords\":[\"Auckland housing market news\",\"Auckland Housing Market Updates\"],\"articleSection\":[\"Auckland Real Estate Market\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/dailybasisnews.com\\\/designs\\\/we-buy\\\/auckland-housing-market-news-reports-national-median-price-of-805k\\\/\",\"url\":\"https:\\\/\\\/dailybasisnews.com\\\/designs\\\/we-buy\\\/auckland-housing-market-news-reports-national-median-price-of-805k\\\/\",\"name\":\"Auckland Housing Market News Reports National Median Price of $805K - 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