Hot on the tail: Dangerous driver arrested in Whangārei

January 10, 2025

Source: New Zealand Police (National News)

A dangerous driver allegedly tailgating other motorists and overtaking on blind corners has been taken into custody in Whangārei.

At about 9.20am yesterday, Police received a complaint from a member of the public who reported a vehicle travelling on Western Hills Drive tailgating and overtaking on blind corners.

Whangārei Area Prevention Manager, Senior Sergeant Dave Wilkinson, says a Police unit located the vehicle and followed it while staff got in place to stop the car.

“Officers signalled for the driver to stop, however the driver has allegedly begun overtaking other vehicles aggressively in a no passing zone.

“Road spike were then successfully deployed and the vehicle was spotted shortly after emitting smoke from its tyres.”

Senior Sergeant Wilkinson says the vehicle eventually pulled into a petrol station, where officers moved in quickly and took one person into custody.

“There is simply no excuse for this sort of behaviour on our roads, and Police will continue to do our part so that no one is harmed on our roads.

“However, these incidents must be reported to Police so we can investigate and make appropriate follow up enquiries.

“If you are the victim of this type of behaviour, please call 111 if it is happening now,” he says.

A 31-year-old man will appear in Whangārei District Court today charged with dangerous driving, failing to stop, unlawful possession of ammunition, possession of cannabis and utensils, and refusing to give blood.

ENDS.

Holly McKay/NZ Police

MIL OSI

NZ-AU: NOVONIX and Harper International Enter Licensing Agreement for Graphitization Furnace Technology

MIL OSI

January 10, 2025

Source: GlobeNewswire (MIL-NZ-AU)

BRISBANE, Australia, Jan. 10, 2025 (GLOBE NEWSWIRE) — NOVONIX Limited (NASDAQ: NVX, ASX: NVX) (“NOVONIX” or the “Company”), a leading battery materials and technology company, announced today that it has entered into a licensing agreement with its long-time technology partner, Harper International Corporation (“Harper”), for the rights and use of its continuous, induction-based graphitization furnace technology.

In December 2020, NOVONIX and Harper announced a strategic partnership to develop innovative graphitization furnace technology to be used to produce synthetic graphite anode material for the lithium-ion battery sector. This partnership provided for commitments from NOVONIX to purchase from Harper, and from Harper to develop and exclusively supply NOVONIX with proprietary systems for thermal processing material for the battery anode market.

Alongside this exclusive use agreement, the licensing agreement provides NOVONIX the right to an exclusive license to Harper’s technology on which its continuous graphitization furnaces operate. Upon making an initial payment within 12 months of the effective date of the agreement, NOVONIX will have the exclusive license to use the technology to further develop the furnaces used for the thermal production of graphite material for use in the battery anode market. Upon equipment meeting certain performance objectives, and NOVONIX’s payment of additional licensing fees, the license will expand to include NOVONIX’s right to build equipment using the licensed technology, either internally or through other permitted sublicensees.

NOVONIX’s Riverside facility, located in Chattanooga, Tennessee, is poised to become the first large-scale production site dedicated to high-performance synthetic graphite for the battery sector in North America. It is slated to begin commercial production later this year with plans to grow output to 20,000 tonnes per annum to meet current customer commitments. Previously, the Company announced that the U.S. Department of Energy’s (“DOE”) Office of Manufacturing and Energy Supply Chains (“MESC”) awarded NOVONIX a US$100 million grant¹ and that it was selected for a US$103 million investment tax credit² towards funding the Riverside facility. In December, the Company announced a conditional commitment from the DOE Loan Programs Office (“LPO”) for a direct loan of up to US$754.8 million to be applied toward partially financing a proposed new production facility, NOVONIX Enterprise South, also to be located in Chattanooga, Tennessee.³

Key Deal Terms

No later than December 2025, NOVONIX must make an initial payment to gain a license to design and develop the graphitization furnace technology for its internal use. NOVONIX will own improvements to the technology it makes solely or jointly with Harper.
Upon NOVONIX’s payment of additional license fees, which must occur no later than two years from the commencement of the initial license term, the license will expand to include the right to build equipment based on the licensed technology internally or through approved sublicensees, who may also sell NOVONIX the products manufactured using the licensed technology.
The license will be exclusive in the field of thermal production of synthetic graphite meeting certain specifications for use in the battery anode market, with certain limited use exceptions, for up to seven years from the date that all of the additional license fees have been paid and may be sublicensed to third parties with Harper’s approval.
At the expiration of this seven-year period, NOVONIX will have a perpetual, irrevocable, and non-exclusive license to the technology for use only by NOVONIX or any sublicensee approved by Harper.
If all of the license fees are not paid within two years of the initial license grant, the license will terminate.

This announcement has been authorised for release by Admiral Robert J Natter, USN Ret., Chairman.

About NOVONIX
NOVONIX is a leading battery technology company revolutionizing the global lithium-ion battery industry with innovative, sustainable technologies, high-performance materials, and more efficient production methods. The Company manufactures industry-leading battery cell testing equipment, is growing its high-performance synthetic graphite material manufacturing operations, and has developed a patented all-dry, zero-waste cathode synthesis process. Through advanced R&D capabilities, proprietary technology, and strategic partnerships, NOVONIX has gained a prominent position in the electric vehicle and energy storage systems battery industry and is powering a cleaner energy future.

To learn more, visit us at www.novonixgroup.com or on LinkedIn and X.

For NOVONIX Limited
Scott Espenshade, ir@novonixgroup.com (investors)
Stephanie Reid, media@novonixgroup.com (media)

Cautionary Note Regarding Forward-Looking Statements
This communication contains forward-looking statements about the Company and the industry in which we operate. Forward-looking statements can generally be identified by use of words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would,” or other similar expressions. Examples of forward-looking statements in this communication include, among others, statements we make regarding our plans to commence commercial production and meet our production target at our Riverside facility and our plans to build a new production facility and our efforts to finance this new production facility with a loan from the LPO.

We have based such statements on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Such forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the timely deployment and scaling of our furnace technology, our ability to meet the technical specifications and demand of our existing and future customers, the accuracy of our estimates regarding market size, expenses, future revenue, capital requirements, needs and access for additional financing, the availability and impact and our compliance with the applicable terms of government support, including the DOE MESC grant and, if obtained, the LPO loan, our ability to obtain patent rights effective to protect our technologies and processes and successfully defend any challenges to such rights and prevent others from commercializing such technologies and processes, and regulatory developments in the United States, Australia and other jurisdictions. These and other factors that could affect our business and results are included in our filings with the U.S. Securities and Exchange Commission (“SEC”), including the Company’s most recent annual report on Form 20-F. Copies of these filings may be obtained by visiting our Investor Relations website at www.novonixgroup.com or the SEC’s website at www.sec.gov.

Forward-looking statements are not guarantees of future performance or outcomes, and actual performance and outcomes may differ materially from those made in or suggested by the forward-looking statements contained in this communication. Accordingly, you should not place undue reliance on forward-looking statements. Any forward-looking statement in this communication is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.

¹NOVONIX Finalizes US$100 Million Grant Award from U.S. Department of Energy – NOVONIX
²U.S. Government Selects NOVONIX to Receive US$103 Million in Qualifying Advanced Energy Project Tax Credits – NOVONIX
³NOVONIX Offered Conditional Commitment for US$754 Million Loan from the U.S. Department of Energy for New Synthetic Graphite Manufacturing Plant in Tennessee – NOVONIX

– Published by The MIL Network

Great spots for walking your dog this summer

LiveNews Publisher

January 10, 2025

Source: Auckland Council

If you’re looking for new places and walks to explore with your dog this summer, you’ll find hundreds of options across Tāmaki Makaurau. Here are a few of our top picks ordered by location:

North/West

Birkenhead and Northcote offer a range of bush and beach options, as well as spectacular views across the inner Waitematā Harbour and a number of dog-friendly cafes. Kauri Point Domain is off-leash at all times and you can follow a track down to Fitzpatrick Bay where dogs can enjoy an off-leash paddle between 5pm and 10am in summer and anytime in other months.

Sanders Reserve

Sanders Reserve is a scenic coastal reserve in the north-west overlooking the Waitematā.

There is an easy gravel loop path lined with mānuka trees and native bush that circles a fenced off-leash dog exercise area. After enjoying the short loop walk your dog can enjoy a run around in the open green spaces.

Most dog walkers start this walk at the bottom of Sanders Road for easy access. You can also start at the main car park by the pavilion and playground and follow the signs towards the dog zone in the south-eastern part of the reserve.

Te Ara Manawa / Hobsonville Point Path

Hobsonville Point is an old Air Force community that has been redeveloped into a well-planned urban environment sitting on the water’s edge.

The Te Ara Manawa / Hobsonville Point Path is a sixty-minute walk that meanders along the waterfront and through the new housing developments. You can find parking near the ferry terminal, which is a good place to start your walk. Dogs need to stay on their leashes, but there is an off-leash dog area at Te Onekiritea Point not far from the ferry stop.

Take in the stunning views and beautiful landscaping along the waterfront as you walk or cycle past the Old Wharf Lookout, the former officers’ accommodation and Chichester Cottage.

Ōrākei Basin

Enjoy a walk around this picturesque lagoon located in a volcanic crater. The suggested starting point is Purewa Road in Meadowbank. You can access the walk from Ōrākei and Meadowbank train stations, and there are also entry points on Meadowbank Road, Lucerne Road, Upland Road and Ōrākei Road.

Admire views over the Auckland city skyline and you may even be able to enjoy watching some water sports as you walk. Ōrākei Basin also has a large off-leash area – just remember to pay attention to the signs and observe the on-leash restrictions.

Ōrākei Basin is a picturesque lagoon located in a volcanic crater, known for its watersports. This walk takes you around the edge of the basin using the boardwalk and the bridge across the Purewa arm of the basin.

There is a fantastic off-leash dog area with a wide expansive green space for dogs to run around (please check the signs).

If you have kids in tow check out the two great playgrounds with adventure equipment, flying fox, and a large tunnel slide.

South/East

Macleans Park

Enjoy a walk through Macleans Park with spectacular views to the Hauraki Gulf, Rangitoto and Waiheke Islands.

Start at Macleans Road, or from any of the access points to Macleans Park from local streets. The loop winds through regenerating bush and wetland areas and your dog can enjoy an extra run around in the off-leash reserve areas.

The kids play area is also a great spot to relax and take in the scenery, make sure you keep your dog on the leash when near the playground.

Fantastic walk through Macleans Park combining bush, wetlands and spectacular sea views. Off-leash reserve areas make the route ideal for dog walking.

Tōtara Park

Take your furry friend for a walk along the fringe of a Tōtara forest at Tōtara Park. Enter Tōtara Park from the Wairere Road entrance, and head left until you find the gates that mark the start of the path.

Ōwairaka / Mt Albert pathway.

Ōwairaka / Te Ahi-kā-a-Rakataura / Mt Albert

Enjoy expansive views over the city as you walk among the trees on one of Auckland’s ancestral maunga. Your dog must remain on their leash while walking in the park, however there is a dedicated off-leash exercise area halfway around the loop where you can let your furry friend get all of that excess energy out.

Waiatarua Reserve

Waiatarua Reserve, off Abbotts Way in Remuera, is well known and loved for its path around the wetlands where you and your canine companions can enjoy an off-leash walk (put the leash back on in the main central wetland area and on viewing platforms) and a dog swimming hole. Northern Remuera is also home to Waiata Reserve, between Victoria Avenue and Orakei Road, where there’s off-leash access at all times.

Enjoy the good network of paths around the reserve and watch out for bird life – there are several bird viewing areas off the main path.

Rules for walking your dog in public places

To keep everyone safe there are rules for walking your dog in public places like parks, reserves, pathways, beaches and tūpuna maunga (ancestral mountains) across Auckland.

In general, dogs must be on-leash at all times in all council-controlled public places with unrestricted access. It’s a little different for beaches, where summer and winter restrictions apply. During the winter months more relaxed hours for dogs off-leash start from 2 March, while throughout the summer months (until 1 March) dogs are not allowed on most beaches between 10am to 5pm.

Additionally off-leash walks and exercise are allowed outside these hours. Remember that even though your dog is off-leash you’ll need to make sure they are still under control.

It’s best to visit Auckland Council’s website before leaving home to find out exactly what rules apply where. You can also find more fantastic walking spots for you and your dog on our website.

MIL OSI

New Zealand Flag half-masting to mark the funeral of Senior Sergeant Lyn Fleming, NZ Police

LiveNews Publisher

January 10, 2025

Source: Ministry for Culture and Heritage

To action: New Zealand Flag to fly at half-mast for Funeral of Senior Sergeant Lyn Fleming, New Zealand Police on Thursday, 16 January 2025, 8am – 5pm (or building hours).

At the request of the Minister for Arts, Culture and Heritage, the Honourable Paul Goldsmith, the New Zealand Flag is to be flown at half-mast on all Government and public buildings on Thursday 16 January 2025 to mark the funeral of Senior Sergeant Lyn Fleming of the New Zealand Police.

The New Zealand Flag should be flown at half-mast all day on Thursday 16 January 2025. This instruction applies to all Government Departments, buildings and naval vessels which have flag poles and normally fly the New Zealand Flag. The Flag should be returned to full mast at the close of business hours on Thursday 16 January 2025.

The flag is half-masted by first raising it to the top of the mast and then immediately lowering it slowly to the half-mast position. The half-mast position will depend on the size of the flag and the length of the flagpole. The flag must be lowered to a position recognisably “half-mast” to avoid the appearance of a flag which has accidentally fallen away from the top of the flagpole. As a guide, the flag should be more than its own depth from the top of the flagpole. At the end of the day, the flag should be raised again to the top of the flagpole before being fully lowered.

MIL OSI

First Responders – Whangārei vegetation fire update #3

LiveNews Publisher

January 10, 2025

Source: Fire and Emergency New Zealand

The two homes that evacuated yesterday have now returned home. While yesterday our crews focused on structure protection, today the focus turns to getting a containment line around the fire.

Incident Controller, Graeme Quensell, says “The fire is still approximately 20 hectares and we have multiple ground crews on site today. We have two helicopters working on the fire today, and this work started at first light. They will be operating around Whangārei airport flight times and will be grounded around arrivals and departures to make sure there’s no disruption to the public.

“Te Tai Tokerau Northland moves into a restricted fire season from 8am today, Friday 10 January. This means that anyone who wants to light an outdoor fire will need a fire permit authorised by Fire and Emergency, which can be applied for at checkitsalright.nz. As we have seen with this fire, it takes a large number of fire brigades, many of them volunteers, with supporting resources and aircraft to contain and control fires in Northland, so it’s hoped introducing these restrictions now will help us avoid further wildfires.”

We don’t anticipate any road closures today but please take care driving through the area where there will be multiple firefighters working in the area.

MIL OSI

Nowhere to hide: Man arrested following hours-long chase

LiveNews Publisher

January 10, 2025

Source: New Zealand Police (National News)

A man who allegedly stole a vehicle at knife-point, drove dangerously through northern Auckland and rammed a Police car has been found hiding up a tree.

Just after 5.30pm, Police observed a vehicle at a service station in Red Beach, which had earlier been taken at knife-point in Henderson.

Acting Detective Inspector Simon Harrison, Waitematā CIB, says Police signalled for the vehicle to stop, however it drove off at speed.

“The Police Eagle helicopter was able to track the vehicle as it drove at high speed and in a dangerous manner around the Waitematā North area.

“The vehicle was then observed in Warkworth at about 7pm where it allegedly rammed a patrol car parked on Radiata Road.

“Thankfully no one was injured, however these types of situations are extremely concerning for our staff.”

Acting Detective Inspector Harrison says the driver then allegedly fled on foot into nearby bush and was unable to be located.

However, Police received a call from members of the public just after 11.30pm after seeing a person walking through a rural property on Hodgart Road.

“At about 2.15am Eagle located the male loitering around the address, where he ran into a nearby bush area and up a tree.

“The male was aggressive towards staff and OC spray was used as he continued to resist arrest.

“The man suffered a minor dog bite and was transported to hospital for treatment.

“This person’s alleged actions were totally unacceptable, and it’s a credit to the hard work of all Police staff involved that the incident ended safely for all involved.”

A 35-year-old man will appear in Waitākere District Court today charged with aggravated robbery, failing to stop, dangerous driving, aggravated assault, two count of assaults with a weapon and resisting Police.

ENDS.

Holly McKay/NZ Police

MIL OSI

Name release, fatal crash SH25

LiveNews Publisher

January 10, 2025

Source: New Zealand Police (National News)

Police can now name the man who died in a crash on SH25, Te Puru, on 27 December 2024.

He was Jason David Taana, 33, of Waiomu.

Police extend their sympathies to his loved ones.

Enquiries into the circumstances of the crash are ongoing.

ENDS

Issued by Police Media Centre

MIL OSI

KO disruptive tenants’ easy ride over

LiveNews Publisher

January 10, 2025

Source: New Zealand Government

Complaints about disruptive behaviour now handled in around 13 days (down from around 60 days a year ago)
553 Section 55A notices issued by Kāinga Ora since July 2024, up from 41 issued during the same period in the previous year.
Of that 553, first notices made up around 83 per cent, second notices made up approximately 16 per cent and third notices – which can trigger the end of a tenancy – made up less than 2 per cent.

The latest data shows Kāinga Ora is taking action against disruptive tenants leading to improved behaviour, Housing Minister Chris Bishop says.

In March 2024, Ministers instructed Kāinga Ora to end its Sustaining Tenancies Framework which had allowed tenants to stay living in a KO home no matter how threatening or disruptive their behaviour, or how much damage they caused to the property,” Mr Bishop says.

“Neighbours of Kāinga Ora residents, frequently KO tenants themselves, were tired of having to put up with people who abused the privilege of a taxpayer-funded home – so Ministers declared enough was enough, and instructed the agency to take a stronger approach to managing disruptive tenants.

“In November 2024, Kāinga Ora received 538 complaints about disruptive behavior. Their frontline teams are responding to these quickly, taking action where needed, with a decision being made on each case within 15 business days in 98 per cent of cases.

“This is in stark contrast to January 2024, when the Sustaining Tenancies Framework was still in place. At that time, Kāinga Ora had over 500 open complaint cases that had been sitting unresolved for an average of almost 60 days.

“Pleasingly, by December 2024 there were just over 200 open cases in progress, with an average of 13 days for a decision to be made and action taken.

“And action most certainly is being taken where needed.

“Since July 2024, Kāinga Ora has issued 553 Section 55A notices – which give formal warning to a tenant that their behaviour is putting their tenancy at risk – which is a whopping 13 times more than the 41 issued during the same period last year.

“I’m particularly pleased to see that this early intervention is helping spark behaviour change among those tenants who have previously been disruptive. The data shows that first Section 55A notices made up around 83 per cent of all notices issued since July. Second notices made up approximately 16 per cent of all Section 55A notices issued during this period, while third notices – which can trigger the end of a tenancy – made up less than 2 per cent.

“This data shows that the vast majority of disruptive tenants are taking the Section 55A notices seriously and changing their behaviour to prevent receiving a second or third notice. And where they don’t change their behaviour, we’ll no longer put up with it.”

In the five months from July to November in 2024, 23 tenancies were ended due to abusive, threatening or disruptive behaviour, compared to only four tenancies having been ended for this reason in all of 2023.

“Kāinga Ora is also continuing to use relocations to a different KO property to prompt behaviour change where there is conflict between neighbouring tenants. Relocations have taken place 101 times in the period between July and November, and in two-thirds of these cases, Kāinga Ora has not received further complaints about behaviour from these tenants in their new homes,” Mr Bishop says.

“I want to emphasise that the strengthened approach does not have any impact on the significant majority of Kāinga Ora tenants who already do the right thing. In fact, I hope that it has made their lives easier knowing that they don’t need to put up with disruptive behaviour from their neighbours.

“I also want to thank Kāinga Ora staff for their hard work to ensure disruptive behaviour is managed quickly and effectively.”

Removing the Sustaining Tenancies Framework gave effect to a commitment made in the National-ACT coalition agreement.

MIL OSI

Death following water-related incident, Pilot Bay

LiveNews Publisher

January 10, 2025

Source: New Zealand Police (National News)

Police can confirm one person has died following a water incident at Pilot Bay Beach yesterday morning.

Emergency services were notified just before 8:20am after a person was pulled from the water unresponsive.

The death will be referred to the Coroner.

ENDS

MIL OSI

Property Report – Exceptionally lukewarm: property market hits record December lows

LiveNews Publisher

January 10, 2025

Source: RealEstate.co.nz

Record-breaking new listings slump – lowest for any December in 17 years
11 of 19 regions see average asking prices decline year-on-year
National average asking price back to April 2021 levels.

The New Zealand property market typically slows down in December, but the latest data from realestate.co.nz reveals that December 2024 was more than just a seasonal cooldown—it was ‘exceptionally lukewarm.’

New listings hit a record low for any December since realestate.co.nz tracking began, with nine of 19 regions also reaching their lowest-ever December levels. The national average asking price was also its lowest since April 2021 at $842,476.

Vanessa Williams, spokesperson for realestate.co.nz, said: “The property market always cools in December, but the end of 2024 was record-breakingly quiet.”

Despite this, healthy stock levels and some regional ‘hotspots’ meant opportunities remained for buyers and sellers.

New listings plunge to lowest-ever December levels

As 2024 came to a close, new listings hit a record low for any December since realestate.co.nz records began 17 years ago. Nine of 19 regions also reached their lowest-ever December levels: Northland, Auckland, Waikato, Bay of Plenty, Hawke’s Bay, Taranaki, Wellington, Central Otago/Lakes District, and Manawatu/Whanganui.

Williams noted that the seasonal slowdown continues a trend of fewer properties being listed in December.

“Over the past 17 years, we’ve observed a steady decline in the number of properties listed in December. Historically, December listings were about 30% lower than November. That drop has grown to 50% or more in recent years.”

In December 2024, new listings fell by almost 60% month-on-month (11,129 vs. 4,767)—an even steeper drop than the 50% decline between November and December 2023 (10,712 vs. 4,828).

“The market usually comes off the boil in December, but this year has been exceptionally lukewarm,” said Williams.

Even Auckland wasn’t immune to the December sluggishness. Auckland recorded an all-time low for new listings in any month over the last 17 years, including during COVID-19.

Stock takes a dip – but the market’s still swimming with options

Stock was also down 13.3% month-on-month during December to 29,478 properties for sale. This seasonal dip saw stock levels below 30,000 for the first time since August 2024.

Year-on-year, however, stock was up 18.5%, offering buyers significantly more choice than in December 2023.

National asking price at 2021 levels, with regional highs and lows.

The national average asking price in December 2024 was $842,476, a level last seen before the market started to boom in April 2021, when it was $839,717. While the national figure reflects a return to 2021 levels, it has remained relatively stable year-on-year, with a slight decline of just 0.3% compared to December 2023.

Regionally, there were significant variations between markets. 11 of 19 regions saw average asking prices decline year-on-year. The biggest drops were in Central Otago/Lakes District (17.3% to $1,324,754), Nelson and Bays (13.4% to $829,412), Central North Island (11.0% to $708,350), and Bay of Plenty (10.9% to $823,926).

In contrast, Southland bucked the trend with a 15.3% year-on-year increase to $549,211 – a record-high for December. Additionally, Gisborne, Taranaki, West Coast, and Coromandel hit their highest average asking prices ever recorded for the month of December.

“We often see stark regional differences like this across the country, highlighting how critical local market knowledge is when buying or selling,” said Williams.

About realestate.co.nz

We’ve been helping people buy, sell, or rent property since 1996. Established before Google, realestate.co.nz is New Zealand’s longest-standing property website and the official website of the real estate industry.

Dedicated only to property, our mission is to empower people with a property search tool they can use to find the life they want to live. With residential, lifestyle, rural and commercial property listings, realestate.co.nz is the place to start for those looking to buy or sell property.

Whatever life you’re searching for, it all starts here.

Want more property insights?

Glossary of terms:

Average asking price (AAP) is neither a valuation nor the sale price. It is an indication of current market sentiment. Statistically, asking prices tend to correlate closely with the sales prices recorded in future months when those properties are sold. As it looks at different data, average asking prices may differ from recorded sales data released simultaneously.

New listings are a record of all the new residential dwellings listed for sale on realestate.co.nz for the relevant calendar month. The site reflects 97% of all properties listed through licensed real estate agents and major developers in New Zealand. This description gives a representative view of the New Zealand property market.

Stock is the total number of residential dwellings that are for sale on realestate.co.nz on the penultimate day of the month.

Rate of sale is a measure of how long it would take, theoretically, to sell the current stock at current average rates of sale if no new properties were to be listed for sale. It provides a measure of the rate of turnover in the market.

Seasonal adjustment is a method realestate.co.nz uses to represent better the core underlying trend of the property market in New Zealand. This is done using methodology from the New Zealand Institute of Economic Research.

Truncated mean is the method realestate.co.nz uses to supply statistically relevant asking prices. The top and bottom 10% of listings in each area are removed before the average is calculated to prevent exceptional listings from providing false impressions.

MIL OSI

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