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Transcript

Kapiti Coast Market Numbers · That Home Loan Hub

• 0:10
  SPEAKER_01: Last month I had George Love here telling me about the starts.
• 0:14
  SPEAKER_01: Try to pull his love it.
• 0:17
  SPEAKER_01: This month I have his better half Megong.
• 0:20
  SPEAKER_01: We're gonna talk about the starts in the region, Capte region.
• 0:23
  SPEAKER_00: Yes, for June 2026.
• 0:25
  SPEAKER_01: Take it away.
• 0:26
  SPEAKER_00: Excellent.
• 0:27
  SPEAKER_00: Okay.
• 0:28
  SPEAKER_00: So last month we were talking about a few things.
• 0:31
  SPEAKER_00: We're talking about days on market, number of transactions for each suburb, percentages above or below RV, and average sale price.
• 0:41
  SPEAKER_00: So shall we start with the average sale price?
• 0:44
  SPEAKER_00: That's exciting.
• 0:45
  SPEAKER_00: The the highest average sale price was actually Waikinae Beach.
• 0:49
  SPEAKER_00: So the average sale price there was 987,500.
• 0:54
  SPEAKER_00: So it's quite a healthy amount for an average house in Waikinae Beach.
• 0:58
  SPEAKER_00: But there were only six transactions.
• 1:00
  SPEAKER_00: And like George said last time.
• 1:02
  SPEAKER_00: There were only four last time, I think.
• 1:04
  SPEAKER_00: Yeah, that's right.
• 1:05
  SPEAKER_00: There's not a lot of transactions.
• 1:07
  SPEAKER_00: You could have one really amazing sale, a couple of lower sales, and it will skew the stats a little bit.
• 1:12
  SPEAKER_00: But that that's it's pretty consistent.
• 1:14
  SPEAKER_00: People like Waikinae Beach.
• 1:16
  SPEAKER_00: Waikinae in comparison, the average sale price was eight ten.
• 1:20
  SPEAKER_00: But there were 21 sales.
• 1:22
  SPEAKER_01: Wow.
• 1:22
  SPEAKER_00: So that's probably quite accurate with that many data points to get an average sale price of 8.10.
• 1:28
  SPEAKER_00: Okay.
• 1:29
  SPEAKER_00: Yep.
• 1:30
  SPEAKER_00: So the percentages against RV for Waikanae, it was negative 1%, which is interesting because usually carpetes sell for above RVs.
• 1:40
  SPEAKER_00: Waikani Beach with that larger sale price was 7% above RV.
• 1:45
  SPEAKER_01: Wow.
• 1:45
  SPEAKER_01: Yeah.
• 1:46
  SPEAKER_01: That's really cool.
• 1:47
  SPEAKER_01: Okay.
• 1:48
  SPEAKER_00: So we'll talk about Paraparam, Para Paraumu.
• 1:52
  SPEAKER_01: Para para umu.
• 1:54
  SPEAKER_00: So average sale price for Parapara Omu Beach was 780.
• 2:00
  SPEAKER_00: Considering that there were 19 sales, that's probably quite accurate.
• 2:06
  SPEAKER_00: Negative 1% above below RV again.
• 2:10
  SPEAKER_00: Wow.
• 2:10
  SPEAKER_00: So again, quite interesting.
• 2:12
  SPEAKER_00: If you compare it to Parapata Omu Central, average sale was 755.
• 2:19
  SPEAKER_00: So slightly lower than the beach.
• 2:21
  SPEAKER_00: 18 sales.
• 2:22
  SPEAKER_00: So it was quite evenly, but you know, even between both beach and central.
• 2:27
  SPEAKER_00: And 5% above RV.
• 2:29
  SPEAKER_01: Wow.
• 2:30
  SPEAKER_00: Which is kind of what we've been experiencing for the last few months.
• 2:33
  SPEAKER_00: Okay.
• 2:34
  SPEAKER_00: Yeah.
• 2:35
  SPEAKER_00: And then we thought we might do Raumadi as well.
• 2:37
  SPEAKER_00: So we've got Raamadi South and Beach.
• 2:39
  SPEAKER_00: Okay.
• 2:39
  SPEAKER_00: Beach was more popular.
• 2:41
  SPEAKER_00: Well, better sale price, sorry.
• 2:43
  SPEAKER_00: More popular.
• 2:45
  SPEAKER_00: I can't say that, can I?
• 2:48
  SPEAKER_00: Lots of people love the beach.
• 2:50
  SPEAKER_00: Higher average sale price, 807,500 versus Raumadi South was 744.
• 2:58
  SPEAKER_00: Sorry, 747500.
• 3:01
  SPEAKER_00: I'm struggling to read my handwriting here.
• 3:03
  SPEAKER_00: But what's really interesting about Raumati, and I was talking to somebody from Raumati the other day that would appraise their house, was in Raumadi South and Raumati Beach, there were only four sales in June.
• 3:15
  SPEAKER_00: So we don't have stock?
• 3:16
  SPEAKER_00: We do not have stock.
• 3:17
  SPEAKER_00: Raumadi South was 5% above RV, Raumadi Beach was 1% above RV.
• 3:22
  SPEAKER_00: So things are selling above RV and Real Matty, but there are not many houses on the market that, well, there is a couple that are not that great quality or they've got problems or whatever.
• 3:32
  SPEAKER_00: But in terms of a good house in Real Matti, now would be the time to list it.
• 3:36
  SPEAKER_01: Okay.
• 3:37
  SPEAKER_01: So if you're listening to this and you've got a house in Realmaty.
• 3:40
  SPEAKER_00: Call me.
• 3:41
  SPEAKER_01: Reach out to Megan because I guess it's simple economics, right?
• 3:44
  SPEAKER_01: It's the demand and supply.
• 3:45
  SPEAKER_00: Yes.
• 3:46
  SPEAKER_00: So we've got lots of buyers looking.
• 3:48
  SPEAKER_00: We've got a cold winter market with less houses coming on.
• 3:53
  SPEAKER_00: So more buyers, less houses, it increases, hopefully, the sale price.
• 3:58
  SPEAKER_01: You know, I always said to my buyers when they would ask me when is the good time to buy.
• 4:03
  SPEAKER_01: I would say personally, maybe financially, it may not make full sense, but personally, winter's a good time to buy because you see the house and it's full glory, how it's experienced, the heat, the cold, everything in in winter.
• 4:17
  SPEAKER_00: Any water problems, any mould problems.
• 4:20
  SPEAKER_00: Correct.
• 4:21
  SPEAKER_00: Yeah, and and vice versa, the good houses stand out.
• 4:24
  SPEAKER_00: The warm, dry, great curtains, great insulation, double glazing, you get a really good price for those in winter.
• 4:31
  SPEAKER_01: Correct.
• 4:31
  SPEAKER_01: So my personal preference has always been buying houses in winter because I can go around the house after the heavy rains, I can see where it's ponding, where it's flooding.
• 4:40
  SPEAKER_01: Is it flooding at all?
• 4:42
  SPEAKER_01: Yeah, that's right.
• 4:42
  SPEAKER_01: Are there any issues?
• 4:44
  SPEAKER_01: Going inside the house on a very cold day, like we've been having for the last few weeks, is going inside and looking.
• 4:50
  SPEAKER_01: Are the windows whipping?
• 4:51
  SPEAKER_00: And when you take your shoes off, that is the ultimate because you're walking on the floor, you can feel if there's insulation under the floor or not.
• 4:58
  SPEAKER_01: Yeah.
• 4:58
  SPEAKER_00: Because you're walking around in your socks.
• 5:00
  SPEAKER_01: Yeah, exactly.
• 5:01
  SPEAKER_01: So if you were to buy a house and you're wondering whether summer is better because it's warmer and you get more stock on the market, I think winter for me personally.
• 5:10
  SPEAKER_00: I've always bought houses in winter.
• 5:12
  SPEAKER_00: That's just been timing usually.
• 5:14
  SPEAKER_00: I I've I've sold my I sold my last house in winter because I knew that there was more demand for buyers and less stock on the market.
• 5:21
  SPEAKER_00: Ironically, I bought in the same market.
• 5:23
  SPEAKER_00: And I mean, we're not racing away with the market at the moment.
• 5:26
  SPEAKER_00: Like the days on market, I think across Carpenter was about 56-ish days.
• 5:31
  SPEAKER_00: Like, but it sort of averages between, I think, Room Many Beach was 77 days on market down to about Roomini South was about 48 days on market.
• 5:42
  SPEAKER_00: Waikinae was about 40, 54 days on market for Waikinae Central, Pada Pada Umu Beach was 54 days.
• 5:50
  SPEAKER_00: So it's sort of all around about that.
• 5:52
  SPEAKER_00: So in terms of what that means is most agents are probably running a campaign for three or four weeks, unpriced campaign.
• 5:59
  SPEAKER_00: Then we're putting a price on it based on the buyer feedback, and a couple of weeks later it will sell.
• 6:04
  SPEAKER_00: So if you are looking at a property, for example, that might be going to auction, your first home buyer, you're too nervous to go to auction, it's fine.
• 6:11
  SPEAKER_00: Still come through it because it may not sell straight away.
• 6:14
  SPEAKER_00: Like you might have time to put together a conditional offer or a tender or deadline or anything like that.
• 6:20
  SPEAKER_01: And we had a few of those, right?
• 6:21
  SPEAKER_00: Yeah, absolutely.
• 6:22
  SPEAKER_00: Yeah.
• 6:22
  SPEAKER_00: So you yeah, there's a little bit of time, but call your mortgage advisor quickly.
• 6:27
  SPEAKER_01: I wonder who.
• 6:28
  SPEAKER_01: Awesome, Megan.
• 6:30
  SPEAKER_01: Thank you so much.
• 6:30
  SPEAKER_01: Can't wait to see you guys again next month to see more data.
• 6:33
  SPEAKER_01: Sounds great.