Your Local Suburb Guide - POINT CHEVALIER 17 May 2021

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Your Local Suburb Guide - POINT CHEVALIER 17 May 2021
POINT CHEVALIER
                                                                     17 May 2021

            Your Local Suburb Guide

Kane Taylor                                            POWERED BY:
Ray White Point Chevalier
021 345 700
kane.taylor@raywhite.com • www.kanetaylor.co.nz
Your Local Suburb Guide - POINT CHEVALIER 17 May 2021
What’s happening in your local market? POINT CHEVALIER
Recent Sales across all agent brands

Market Snapshot

       SOLD

        237                  $1,625,000                  0.3%                           31
       Total                    Median              Monthly Increase                 Median
       Sales                   Sales Price          In Median Price                Days To Sell

Rental Snapshot

                                                        RENTED

       $590                       1.9%                   465
   Median Asking                 Rental                 Number
    Weekly Rent                   Yield                Of Rentals

Overview
Point Chevalier, Auckland has seen property
prices increase 16.1% over the past three years
and increase by 12.1% in the last 12 months.

If you'd bought a home three years ago in Point
Chevalier, Auckland you'd have paid $1,515,000 in
2018, while in 2021 the same property now costs
$1,625,000.

                                                                            Kane Taylor
                                                                    Ray White Point Chevalier
                                                       021 345 700 kane.taylor@raywhite.com
Your Local Suburb Guide - POINT CHEVALIER 17 May 2021
Market Performance                                                                                   POINT CHEVALIER

Median Sales Price                                                                 What’s happening in our market?
$1,700,000                                                                         Property has performed strongly in Point Chevalier,
$1,650,000                                                                         Auckland with prices growing 12.1% over the past 12
$1,600,000
                                                                                   months.
                                                                                   The top price achieved for Point Chevalier, Auckland
$1,550,000
                                                                                   over the past 3 months has been 55 Wainui Avenue in
$1,500,000                                                                         March, which sold for $3,360,000.
$1,450,000                                                                         The most affordable Point Chevalier, Auckland
$1,400,000                                                                         property to sell for the same time period was 27
$1,350,000
                                                                                   Wright RD which went for just $1,050,000 on 28
                                                                                   February.
             Jul-19   Oct-19   Jan-20   Apr-20   Jul-20   Oct-20   Jan-21 Apr-21

                                                                                   Sales and rentals
Median Rent
                                                                                   There have been 237 properties sold in Point
     $660
                                                                                   Chevalier, Auckland over the past 12 months, totalling
     $650
                                                                                   $401.97m.
     $640
                                                                                   The rental market is weakening with a median asking
     $630
                                                                                   rent currently of $590 a week.
     $620
                                                                                   When you calculate that against the current median
     $610
                                                                                   sales price, the rental return is currently 1.9%.
     $600

     $590                                                                          Why are these stats so important?
     $580

     $570                                                                          The default period for data capture in this report is 12
               Jul-19   Oct-19   Jan-20   Apr-20    Jul-20   Oct-20   Jan-21       months unless otherwise stated and the report uses
                                                                                   median prices which is the ‘middle’ price of a dataset
Suburb Comparison Median Sales Price                                               captured over time. Medians are regarded statistically
                                                                                   as more reliable than an average as it is not skewed
                                                                                   by pricing extremes. It is always valuable to look at
Waterview                                                          $1,230,900      the types of properties that are selling in the suburb
Westmere                                                           $2,176,000      to get an understanding of the quality of homes and
Mount Albert                                                       $1,360,000      their features that are selling at different price points.
Morningside                                                        $1,052,000
                                                                                   What’s my property worth?
                                                                                   The information provided in this report is general in
Number of Properties Sold                                                          nature. Growth rates are provided for guidance and
                                                                                   based on the historical performance of the suburb
                                                                                   and are not a guarantee of future performance. To
      240
                                                                                   understand what your property is worth, don't hesitate
                                                                                   to get in touch for a free appraisal so that we can
      220
                                                                                   discuss how the market's current performance is
      200                                                                          specifically relevant to your home.
      180

      160

      140

      120

             Jul-19   Oct-19   Jan-20   Apr-20   Jul-20   Oct-20   Jan-21 Apr-21

                                                                                                                 Kane Taylor
                                                                                                        Ray White Point Chevalier
                                                                                           021 345 700 kane.taylor@raywhite.com
Your Local Suburb Guide - POINT CHEVALIER 17 May 2021
Recent Sales across all agent brands                       POINT CHEVALIER

                                                              SOLD                                            SOLD

                                   10A Walmer Road        31 Mar 2021      5 Alberta Street               30 Mar 2021
                                   Section: NAm²      Building: 118 m²     Section: 426 m²            Building: 239 m²

                                   $1,200,000         2 Bed 1 Bath 2 Car   $2,470,000                 4 Bed 2 Bath 4 Car

                                                              SOLD                                            SOLD

                                   61 Wainui Avenue       25 Mar 2021      13 Walmer Road                22 Mar 2021
                                   Section: NAm²      Building: 188 m²     Section: 673 m²             Building: NAm²

                                   $3,200,000         4 Bed 2 Bath 2 Car   $2,200,000                 4 Bed 1 Bath 4 Car

                                                              SOLD                                            SOLD

                                   55 Wainui Avenue       15 Mar 2021      3 / 28 Wright Road            10 Mar 2021
                                   Section: 617 m²    Building: 295 m²     Section: NAm²               Building: 76 m²

                                   $3,360,000         4 Bed 2 Bath 2 Car   $1,290,000                 2 Bed 1 Bath 1 Car

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Your Local Suburb Guide - POINT CHEVALIER 17 May 2021
Kane Taylor
                                                              kane.taylor@raywhite.com
                                                                       021 345 700

                                                              Ray White Point Chevalier

                                                                 www.kanetaylor.co.nz

Statistics shown are for a rolling 12 month period up to the end of the month. This report includes sales
statistics up to 30 Apr 2021, and for rental statistics up to 31 Mar 2021. Listings photos sourced from
Realestate.co.nz.
Disclaimer: This report is intended for general information purposes only. This report and the information
contained in this report is under no circumstances intended to be used or considered as legal, financial
or investment advice. The material in this report is obtained from various sources (including third parties)
and REINZ does not warrant the accuracy, reliability or completeness of the information provided in this
report. REINZ does not accept responsibility or liability for any omissions or, inaccuracies in this report or
the information provided in this report, or for any losses incurred, either directly or indirectly, by any person   POWERED BY:
arising from or in connection with the supply, use or misuse of the whole or any part of this report. Any third
party data or analysis in this report does not necessarily represent the views of REINZ. When referring to
this report or any information contained in this report, you must cite REINZ as the source of the information.
REINZ reserves the right to require that you immediately withdraw from publication any document that fails
to cite REINZ as the source.
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