$500,000 Auckland house cost appreciation table - 15 years from 2009 |
Annual increase |
as % |
|
|
|
E&OE |
Years |
|
7% |
Incr. % |
6% |
Incr. % |
5% |
Incr. % |
4% |
Incr. % |
3% |
Incr. % |
Start |
2009 |
$500,000.00 |
|
$500,000.00 |
|
$500,000.00 |
|
$500,000.00 |
|
$500,000.00 |
|
1 |
2010 |
$535,000.00 |
7.00% |
$530,000.00 |
6.00% |
$525,000.00 |
5.00% |
$520,000.00 |
4.00% |
$515,000.00 |
3.00% |
2 |
2011 |
$572,450.00 |
14.49% |
$561,800.00 |
12.36% |
$551,250.00 |
10.25% |
$540,800.00 |
8.16% |
$530,450.00 |
6.09% |
3 |
2012 |
$612,521.50 |
22.50% |
$595,508.00 |
19.10% |
$578,812.50 |
15.76% |
$562,432.00 |
12.49% |
$546,363.50 |
9.27% |
4 |
2013 |
$655,398.01 |
31.08% |
$631,238.48 |
26.25% |
$607,753.13 |
21.55% |
$584,929.28 |
16.99% |
$562,754.41 |
12.55% |
5 |
2014 |
$701,275.87 |
40.26% |
$669,112.79 |
33.82% |
$638,140.78 |
27.63% |
$608,326.45 |
21.67% |
$579,637.04 |
15.93% |
6 |
2015 |
$750,365.18 |
50.07% |
$709,259.56 |
41.85% |
$670,047.82 |
34.01% |
$632,659.51 |
26.53% |
$597,026.15 |
19.41% |
7 |
2016 |
$802,890.74 |
60.58% |
$751,815.13 |
50.36% |
$703,550.21 |
40.71% |
$657,965.89 |
31.59% |
$614,936.93 |
22.99% |
8 |
2017 |
$859,093.09 |
71.82% |
$796,924.04 |
59.38% |
$738,727.72 |
47.75% |
$684,284.53 |
36.86% |
$633,385.04 |
26.68% |
9 |
2018 |
$919,229.61 |
83.85% |
$844,739.48 |
68.95% |
$775,664.11 |
55.13% |
$711,655.91 |
42.33% |
$652,386.59 |
30.48% |
10 |
2019 |
$983,575.68 |
96.72% |
$895,423.85 |
79.08% |
$814,447.31 |
62.89% |
$740,122.14 |
48.02% |
$671,958.19 |
34.39% |
11 |
2020 |
$1,052,425.98 |
110.49% |
$949,149.28 |
89.83% |
$855,169.68 |
71.03% |
$769,727.03 |
53.95% |
$692,116.94 |
38.42% |
12 |
2021 |
$1,126,095.79 |
125.22% |
$1,006,098.24 |
101.22% |
$897,928.16 |
79.59% |
$800,516.11 |
60.10% |
$712,880.44 |
42.58% |
13 |
2022 |
$1,204,922.50 |
140.98% |
$1,066,464.13 |
113.29% |
$942,824.57 |
88.56% |
$832,536.75 |
66.51% |
$734,266.86 |
46.85% |
14 |
2023 |
$1,289,267.08 |
157.85% |
$1,130,451.98 |
126.09% |
$989,965.80 |
97.99% |
$865,838.22 |
73.17% |
$756,294.86 |
51.26% |
15 |
2024 |
$1,379,515.77 |
175.90% |
$1,198,279.10 |
139.66% |
$1,039,464.09 |
107.89% |
$900,471.75 |
80.09% |
$778,983.71 |
55.80% |
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House prices in AUCKLAND have averaged 7% per annum from 1900 to 2008 despite many "ups & downs"
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