Sue Hall

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"Sue Hall recently acted for me with respect to the sale of one of my properties and she had also previously acted for me with the sale of another property. I must say that it has been a pleasure to deal with Sue. She is courteous, efficient, very direct and business like with her statements and communicates regularly. As a busy..."

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In Hamilton? Really?

15th Aug 18


It’s no surprise that Auckland has the highest number of million dollar homes in the country. But did you know that along with Queenstown and Wellington, Hamilton has some of the most expensive non-Auckland real estate?

It’s true! A couple of properties on Pembroke Street, right by the Lake, were worth $17.2 and $15.8 million dollars! Those two sales hold the top two places for the most expensive real estate outside of Auckland!

Factors that normally play a key part in a property’s worth are basically the same across the board. Buyers’ attention is often caught by a home that offers something a little different to all the others that are available. This can be anything from a large section to the size of the house, quirky features or what school zoning the home is in.

Other factors that can contribute to the value of properties at the higher end of the scale include architectural design, quality fixtures in the bathrooms, a high spec kitchen, landscaped grounds, a pool that could be accessed from the kitchen / dining room, the amount of sun light a home receives and having a self-contained area (Which my recent listing at 8 Amaril Lane, Flagstaff had).

Believe it or not, one of the biggest players in the value that buyers perceive for a property is sun light. Houses that are often a similar size with similar features can be very different in price if one is bathed in afternoon sunlight and the other is not. The next big contender is the indoor / outdoor flow that a home offers. And, one factor that is no surprise to any of us, is the school zone that the property is in.

Homes.co.nz has recently put together the latest statistics for each suburbs median sale figure. Sitting at the top of the table for Hamilton is Harrowfield with a median value of $811,910. Second on the chart is Huntington at $762,395 and Flagstaff comes in at third place with $753,887.

At the other end of the scale, the lowest sales figures of Hamilton’s suburbs belong to Frankton at $407,570, Enderley at $393,680 and finally Bader, with a value of $390,625.

These figures are a great tool for those looking to buy, those wanting to sell and home owners alike - First home buyers can get a fairly good idea of which suburbs they should be looking at and those looking to sell or perhaps with their home on the market at the moment, can get a good idea of where their home sits when compared to others.

To see where your suburb sits on the highest median table, click here.

If you would like to read more about New Zealand’s most expensive homes, click here to read the full article by Susan Edmunds of stuff.co.nz.

 

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Filed under Hamilton / Waikato

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