Welcome And Region Focus

SPEAKER_01 0:10

Last month I had George Love here telling me about the starts. Try to pull his love it. This month I have his better half Megong. We're gonna talk about the starts in the region, Capte region.

SPEAKER_00 0:23

Yes, for June 2026.

SPEAKER_01 0:25

Take it away.

SPEAKER_00 0:26

Excellent. Okay. So last month we were talking about a few things. We're talking about days on market, number of transactions for each suburb, percentages above or below RV, and average sale price.

What We Measure Each Month

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So shall we start with the average sale price? That's exciting. The the highest average sale price was actually Waikinae Beach. So the average sale price there was 987,500. So

Waikanae Prices And RV Results

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it's quite a healthy amount for an average house in Waikinae Beach. But there were only six transactions. And like George said last time. There were only four last time, I think. Yeah, that's right. There's not a lot of transactions. You could have one really amazing sale, a couple of lower sales, and it will skew the stats a little bit. But that that's it's pretty consistent. People like Waikinae Beach. Waikinae in comparison, the average

Paraparaumu Beach Versus Central

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sale price was eight ten. But there were 21 sales.

SPEAKER_01 1:22

Wow.

SPEAKER_00 1:22

So that's probably quite accurate with that many data points to get an average sale price of 8.10. Okay. Yep. So the percentages against RV for Waikanae, it was negative 1%, which is interesting because usually carpetes sell for above RVs. Waikani Beach with that larger sale price was 7% above RV.

SPEAKER_01 1:45

Wow. Yeah. That's really cool. Okay.

SPEAKER_00 1:48

So we'll talk about Paraparam, Para Paraumu.

SPEAKER_01 1:52

Para para umu.

SPEAKER_00 1:54

So average sale price for Parapara Omu Beach was 780. Considering that there were 19 sales, that's probably quite accurate. Negative 1% above below RV again. Wow. So again, quite interesting. If you compare it to Parapata Omu Central, average sale was 755. So slightly lower than the beach. 18 sales. So it was quite evenly, but you know, even between both beach and central. And 5% above RV.

SPEAKER_01 2:29

Wow.

SPEAKER_00 2:30

Which is kind of what we've been experiencing for the last few months. Okay. Yeah. And then we thought we might do Raumadi as well. So we've got Raamadi South and Beach. Okay. Beach was more popular. Well, better sale price, sorry. More popular.

Raumati Low Stock And Listing Chance

SPEAKER_00 2:45

I can't say that, can I? Lots of people love the beach. Higher average sale price, 807,500 versus Raumadi South was 744. Sorry, 747500. I'm struggling to read my handwriting here. 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. So we don't have stock? We do not have stock. Raumadi South was 5% above RV, Raumadi Beach was 1% above RV. 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. But in terms of a good house in Real Matti, now would be the time to list it.

SPEAKER_01 3:36

Okay. So if you're listening to this and you've got a house in Realmaty.

SPEAKER_00 3:40

Call me.

SPEAKER_01 3:41

Reach out to Megan because I guess it's simple economics, right? It's the demand and supply.

SPEAKER_00 3:45

Yes. So we've got lots of buyers looking. We've got a cold winter market with less houses coming on. So more buyers, less houses, it increases, hopefully, the sale price.

SPEAKER_01 3:58

You know, I always said to my buyers when they would ask me when is the good time to buy. I would say personally, maybe financially, it may not make full sense, but personally,

Why Winter Buying Can Be Smarter

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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.

SPEAKER_00 4:17

Any water problems, any mould problems. Correct. Yeah, and and vice versa, the good houses stand out. The warm, dry, great curtains, great insulation, double glazing, you get a really good price for those in winter.

SPEAKER_01 4:31

Correct. 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. Is it flooding at all? Yeah, that's right. Are there any issues? Going inside the house on a very cold day, like we've been having for the last few weeks, is going inside and looking. Are the windows whipping?

SPEAKER_00 4:51

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.

SPEAKER_01 4:58

Yeah.

SPEAKER_00 4:58

Because you're walking around in your socks.

SPEAKER_01 5:00

Yeah, exactly. 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.

SPEAKER_00 5:10

I've always bought houses in winter. That's just been timing usually. 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. Ironically, I bought in the same market. And I mean, we're not racing away with the market at the moment. Like the days on market, I think across Carpenter was about 56-ish days. Like, but it sort

Days On Market And How Homes Sell

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of averages between, I think, Room Many Beach was 77 days on market down to about Roomini South was about 48 days on market. Waikinae was about 40, 54 days on market for Waikinae Central, Pada Pada Umu Beach was 54 days. So it's sort of all around about that. So in terms of what that means is most agents are probably running a campaign for three or four weeks, unpriced campaign. Then we're putting a price on it based on the buyer feedback, and a couple of weeks later it will sell. 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. Still come through it because it may not sell straight

Auction Nerves And Fast Finance Prep

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away. Like you might have time to put together a conditional offer or a tender or deadline or anything like that.

SPEAKER_01 6:20

And we had a few of those, right?

SPEAKER_00 6:21

Yeah, absolutely. Yeah. So you yeah, there's a little bit of time, but call your mortgage advisor quickly.

SPEAKER_01 6:27

I wonder who. Awesome, Megan. Thank you so much. Can't wait to see you guys again next month to see more data. Sounds great.