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Mortgage Rates Daily Commentary
Monday 14 July 2025
Pausing while pass through of interest rate cuts catches up Adding to the RBNZ’s cautious OCR approach and pause on cuts this month is the full impact of the large interest rate reductions over the past year is yet to be felt. [READ ON]
National house prices improve
Real Estate Institute figures for last month show improved house prices nationwide, but a different story region by region.
Sunday, December 19th 1999, 12:00AM
by Paul McBeth
While house prices are swinging region by region, last month's figures still show an overall rise.
The latest residential property figures from the Real Estate Institute show that:
- The national median sale price was $172,000 for November. That's higher than the $168,000 achieved in October and also in November 1998.
- Total sales rose from October to November (6,181 to 6,661), but were still well down on this time last year (7,381).
Institute president Max Oliver says New Zealanders are still being cautious with the degree of financial exposure they're prepared to adopt. However, he says the rise in median price from October and from November last year indicates that quality homes are still holding their value.
Total dwellings: comparing the median prices
| |
November 1998 |
October 1999 |
November 1999 |
|
Northland |
$145,000 |
$139,000 |
$142,000 |
|
Auckland |
$227,000 |
$232,000 |
$238,050 |
|
Waikato/BOP/Gisborne |
$155,000 |
$157,000 |
$165,000 |
|
Hawkes Bay |
$123,000 |
$127,000 |
$127,000 |
|
Manawatu/Wanganui |
$101,250 |
$110,000 |
$107,000 |
|
Taranaki |
$97,500 |
$91,500 |
$102,250 |
|
Wellington |
$168,000 |
$178,000 |
$175,000 |
|
Nelson/Marlborough |
$132,500 |
$150,000 |
$145,000 |
|
Canterbury/Westland |
$140,000 |
$150,000 |
$145,000 |
|
Otago |
$89,000 |
$100,000 |
$95,000 |
|
Southland |
$76,000 |
$81,500 |
$75,000 |
|
NZ total |
$168,000 |
$168,000 |
$172,000 |
Source: Real Estate Institute of New Zealand Property Market Report
Paul is a staff writer for Good Returns based in Wellington.
Commenting is closed
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Mortgage Rates Table
Full Rates Table | Compare Rates
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| AIA - Back My Build |
4.44 |
- |
- |
- |
| AIA - Go Home Loans |
6.54 |
4.89 |
4.95 |
5.09 |
| ANZ |
6.49 |
5.55 |
5.55 |
5.69 |
| ANZ Blueprint to Build |
7.39 |
- |
- |
- |
| ANZ Good Energy |
- |
- |
- |
1.00 |
| ANZ Special |
- |
4.95 |
4.95 |
5.09 |
| ASB Bank |
6.44 |
4.89 |
4.95 |
5.09 |
| ASB Better Homes Top Up |
- |
- |
- |
1.00 |
| Avanti Finance - Near Prime |
6.90 |
- |
- |
- |
| Avanti Finance - Specialised |
8.34 |
- |
- |
- |
| Basecorp Finance |
▼7.15 |
- |
- |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| BNZ - Classic |
- |
5.99 |
5.69 |
5.69 |
| BNZ - Mortgage One |
6.54 |
- |
- |
- |
| BNZ - Rapid Repay |
6.54 |
- |
- |
- |
| BNZ - Std |
6.44 |
4.89 |
4.95 |
5.09 |
| BNZ - TotalMoney |
6.54 |
- |
- |
- |
| CFML 321 Loans |
4.99 |
- |
- |
- |
| CFML Home Loans |
6.70 |
- |
- |
- |
| CFML Prime Loans |
7.20 |
- |
- |
- |
| CFML Standard Loans |
7.99 |
- |
- |
- |
| China Construction Bank |
6.44 |
4.85 |
4.95 |
4.95 |
| China Construction Bank Special |
6.44 |
5.85 |
5.95 |
5.95 |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| Co-operative Bank - First Home Special |
- |
4.85 |
- |
- |
| Co-operative Bank - Owner Occ |
5.95 |
4.95 |
4.99 |
5.25 |
| Co-operative Bank - Standard |
5.95 |
5.45 |
5.49 |
5.75 |
| Credit Union Auckland |
7.70 |
- |
- |
- |
| First Credit Union Special |
- |
5.29 |
5.19 |
- |
| First Credit Union Standard |
6.94 |
5.79 |
5.49 |
- |
| Heartland Bank - Online |
5.99 |
5.89 |
- |
- |
| Heartland Bank - Reverse Mortgage |
- |
- |
- |
- |
| Heretaunga Building Society |
7.45 |
5.90 |
5.80 |
- |
| ICBC |
6.50 |
4.85 |
4.95 |
5.05 |
| Kainga Ora |
6.44 |
4.89 |
4.95 |
5.09 |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| Kainga Ora - First Home Buyer Special |
- |
- |
- |
- |
| Kiwibank |
6.35 |
5.79 |
5.85 |
5.95 |
| Kiwibank - Offset |
6.35 |
- |
- |
- |
| Kiwibank Special |
- |
4.89 |
4.95 |
5.15 |
| Liberty |
6.90 |
6.80 |
6.50 |
6.45 |
| Nelson Building Society |
6.94 |
4.99 |
4.93 |
- |
| Pepper Money Near Prime |
6.85 |
- |
- |
- |
| Pepper Money Prime |
6.29 |
- |
- |
- |
| Pepper Money Specialist |
8.30 |
- |
- |
- |
| SBS Bank |
6.49 |
▼5.49 |
5.55 |
▼5.69 |
| SBS Bank Special |
- |
▼4.89 |
4.95 |
▼5.09 |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| SBS Construction lending for FHB |
3.94 |
- |
- |
- |
| SBS FirstHome Combo |
- |
4.29 |
- |
- |
| SBS FirstHome Combo |
- |
- |
- |
- |
| SBS Unwind reverse equity |
8.64 |
- |
- |
- |
| TSB Bank |
7.19 |
5.69 |
5.75 |
6.09 |
| TSB Special |
6.39 |
4.89 |
4.95 |
5.29 |
| Unity First Home Buyer special |
- |
4.29 |
- |
- |
| Unity Special |
6.64 |
4.99 |
4.99 |
- |
| Unity Standard |
6.64 |
5.79 |
5.79 |
- |
| Wairarapa Building Society |
6.75 |
5.09 |
4.95 |
- |
| Westpac |
6.59 |
5.49 |
5.55 |
5.59 |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| Westpac Choices Everyday |
6.69 |
- |
- |
- |
| Westpac Offset |
6.59 |
- |
- |
- |
| Westpac Special |
- |
4.89 |
4.95 |
4.99 |
| Median |
6.56 |
4.99 |
4.99 |
5.15 |
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