THE WATCHLIST
Beyond the frontrunners, six additional suburbs sit just below the $ 950,000 mark and remain on Ray White’ s watchlist. While their average growth rates don’ t quite signal a million-dollar milestone within 12 months, they’ re not far off, and any uptick in market momentum could easily see them break through.
These include three more Christchurch suburbs: Marshland, Aidanfield and Bryndwr – plus Fitzroy in New Plymouth, Bayview in Auckland, and Mosgiel in Dunedin. All have averaged steady growth and show promising fundamentals, from family appeal and school zones to accessibility and amenity.
Source: Ray White
HOW GROWTH IS PROJECTED
To identify these rising suburbs, Ray White’ s Economics team analysed median sales prices from each suburb over the past three years. We calculated the year-on-year growth rate for each of those three years, then took the average of these three growth rates to determine a typical annual price increase for each area. Using this average growth rate, we projected what median house prices will be in 2026.
To ensure the reliability of our predictions, we only included suburbs with at least 10 house sales per year, which provides sufficient data for meaningful calculations. Essentially, this approach assumes that the average price growth patterns we’ ve seen in recent years will continue into next year.
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