*‘Popular Rank’ is based on the average days on the market for all sales in the ‘Popular Suburb’ during the 12 month period Oct 2012-Sept 2013.
**‘Median House Sale Prices’ are calculated by Data Insight NZ using Real Estate Institute New Zealand sales data. Medians are based on residential dwellings only in Palmerston North Territorial Local Authority (TLA) where the median house sale price for 3 bedroom residential dwellings is above the overall TLA median. Medians are for 3 bedroom properties, taken from 12 months of sales from Oct 2012 - Sep 2013. Suburbs with <10 sales of 3 bedroom residential dwellings are excluded.
***Calculations have been made using Westpac’s two year fixed rate as at 6 November 2013 (being interest rate 5.95% p.a.) for a term of 25 years.
‘Hidden Gem Suburbs’ are taken from suburbs which physically border the ‘Popular Suburb’. Comparisons included are where the difference in the ‘Median House Sales Price’ exceeds 10%.
The report is for general information purposes only and should not be relied on. Westpac recommends you seek independent property advice.