Hamilton Property Update April 2024
Kia ora neighbours,
We’ve got the latest data from April on the Hamilton Property Market thanks to the Real Estate Institute of New Zealand.
- Median house price $740,000
- Median days to sell 46 vs a 10-year average of 39 days
- 27 weeks of inventory vs 26 weeks in April 2023
The property market in Hamilton is busy, with a plethora of houses available for purchase. It's worth noting that we've witnessed a significant 16% increase in the number of houses sold last month compared to April 2023. The most active buying groups across Waikato are owner-occupiers and first-home buyers, who are still actively searching for their new home, indicating good opportunities in the market.
If you’d like to know more about the current market, whether you’re looking at buying or selling, contact us today so we can provide you with up to date information and inform your decision making
Roadworks on SH1 between Hampton Downs and Rangiriri
From 7 to 18 December, there will be night-time closures on SH1 between Hampton Downs and Rangiriri (Sundays to Thursdays, 9pm to 5am) to carry out wire rope barrier maintenance. Please expect delays when travelling through this area.
Poll: Should we be giving the green light to new mining projects? 💰🌲
The Environmental Protection Authority announced this week that a proposed mine in Central Otago (near Cromwell) is about to enter its fast-track assessment process. A final decision could come within six months, and if it’s approved, construction might start as early as mid-2026.
We want to know: Should mining projects like this move ahead?
Keen to dig deeper? Mike White has the scoop.
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53.1% Yes
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46.9% No
‘Tis the season to not get scammed ...
As Christmas gift shopping moves increasingly online, scammers are ramping up their activity across the country.
Dunedin’s Investigation Support Unit is seeing more and more people fall victim to scams and other fraudulent activity, particularly on Facebook Marketplace.
There are a few ways to avoid the scams and keep yourself safe doing online trades this holiday season, says Southern District Service Delivery Manager Senior Sergeant Dalton.
🔒 “A good first step when looking to purchase something on Marketplace is to check when the seller’s Facebook profile was created. If it’s very recent, there is a higher risk that they have just created this account for a one-off fake item.”
🔒 Another important step is to make sure the seller’s profile name and bank account name match up. “We’re seeing a lot of scammers claiming their bank account name is different because it belongs to their partner or family member - that’s a huge red flag."
🔒 “When you’re selling, never trust a screenshot anyone sends you showing that payment has been made. Check your own bank account to make sure a payment has gone through."
🔒 “Quite frankly, it’s best for all parties to agree to pay, or be paid, for items in cash and in-person. Ideally in a public place with CCTV coverage."
🔒 "If you’re buying a car, check Carjam.co.nz to see if it’s stolen or if there’s money owed on it.”
A reminder: Suspicious activity can be reported on 105
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