The Property Academy Podcast How far down are house prices? (You might be surprised)⎥Ep. 2023
Mar 26, 2025
They introduce a Market Mover calculator that shows how an individual property would have tracked the market. They explain why a house price index beats median sale prices for measuring movement. They walk through a live example using real purchase details and compare results to traditional valuations. They discuss how timing and region affect whether a property outperforms or underperforms the market.
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Median Prices Mislead Use A House Price Index
- Median sale prices are misleading for measuring market movement; use a house price index instead.
- Stephen Knight built the Market Mover to apply a proper house price index behind a calculator so users can see true market returns without manual maths.
Check Your Property Against Market Mover
- Use the Market Mover tool to compare your property's actual value to what it would be if it followed the market exactly.
- Example: Andrew Nicol's June 2020 Auckland purchase at $649,000 would have peaked near $924,000 and today be about $735,000 (≈13% up since purchase).
Million Dollar Purchase Looked Worse Than Market
- An investor who bought at the peak for about $1,000,000 saw a $125,000 drop, but the market had fallen ~22% since purchase.
- Stephen used the Market Mover to show the investor was actually outperforming the average despite nominal loss.