New Zealand’s median dwelling value increased by $1021 (+0.19%) to $811,662 in October, according to the Cotality Home Value Index.<\/p>\n
That follows a 0.11% increase in September.<\/p>\n
The modest increases in value in September and October followed five consecutive months of declines in median values from April to August.<\/p>\n
However, the national median value is still down by 0.12% compared to three months earlier, and down by 0.40% compared to 12 months earlier.<\/p>\n
Around the main centres, Auckland’s median value declined by 0.19% in October to be 0.2% lower than October last year, Hamilton was flat, Tauranga posted a 0.19% gain, Wellington region posted a 0.1% gain, and the median value in Christchurch was up 0.37%.<\/p>\n
While values continue to decline in the Auckland region, most other areas show very small increases with values in Christchurch showing steady improvement. (See the table below for the full regional\/district figures).<\/p>\n
Cotality Chief Property Economist Kelvin Davidson said the figures may signal the the early stages of a market recovery.<\/p>\n
“It’s a cliche, but upturns obviously have to start somewhere, and the recent emergence of small increases in property values would certainly be consistent with the falls in mortgage rates over the past year or so,” Davidson said.<\/p>\n
“That being said, sentiment remains tilted to the cautious end of the spectrum and of course, the economy and labour market are still subdued,” he said.<\/p>\n
“Meanwhile, the gains in September and October were clearly reasonably small in the grand scheme of things,” he said.<\/p>\n
Cotality NZ Home Value Index
\n\t\tResidential Dwellings
\n\t\tOctober 2025
\n\t\t\u00a0
\n\t\t\tMedian Home Value
\n\t\t\t\u00a01 month change\u00a0
\n\t\t\t3 month change
\n\t\t\t12 month change
\n\t\tRegion\/District
\n\t\tNorthland Region
\n\t\t\t$703,369
\n\t\t\t-0.18%
\n\t\t\t-0.83%
\n\t\t\t0.58%
\n\t\tFar North District
\n\t\t\t$651,564
\n\t\t\t-0.43%
\n\t\t\t-0.18%
\n\t\t\t0.57%
\n\t\tWhangarei District
\n\t\t\t$704,529
\n\t\t\t-0.51%
\n\t\t\t-1.31%
\n\t\t\t0.74%
\n\t\tKaipara District
\n\t\t\t$891,954
\n\t\t\t1.64%
\n\t\t\t-0.12%
\n\t\t\t0.94%
\n\t\tAuckland Region
\n\t\t\t$1,051,796
\n\t\t\t-0.19%
\n\t\t\t-0.95%
\n\t\t\t-1.98%
\n\t\tAuckland – Rodney
\n\t\t\t$1,201,898
\n\t\t\t-0.09%
\n\t\t\t-1.09%
\n\t\t\t-1.29%
\n\t\tAuckland – North Shore
\n\t\t\t$1,257,236
\n\t\t\t0.10%
\n\t\t\t-0.36%
\n\t\t\t-2.35%
\n\t\tAuckland – Waitakere
\n\t\t\t$920,095
\n\t\t\t-0.73%
\n\t\t\t-0.61%
\n\t\t\t-0.60%
\n\t\tAuckland – Central\u00a0
\n\t\t\t$1,116,351
\n\t\t\t-0.29%
\n\t\t\t-1.32%
\n\t\t\t-2.33%
\n\t\tAuckland – Manukau
\n\t\t\t$975,639
\n\t\t\t-0.11%
\n\t\t\t-1.14%
\n\t\t\t-2.63%
\n\t\tAuckland – Papakura
\n\t\t\t$833,940
\n\t\t\t-0.10%
\n\t\t\t-0.27%
\n\t\t\t-1.35%
\n\t\tAuckland – Franklin
\n\t\t\t$963,041
\n\t\t\t0.30%
\n\t\t\t-0.22%
\n\t\t\t0.32%
\n\t\tWaikato Region
\n\t\t\t$790,835
\n\t\t\t0.32%
\n\t\t\t0.66%
\n\t\t\t1.01%
\n\t\tThames-Coromandel District
\n\t\t\t$1,003,142
\n\t\t\t0.88%
\n\t\t\t0.85%
\n\t\t\t-0.74%
\n\t\tHauraki District
\n\t\t\t$662,592
\n\t\t\t1.84%
\n\t\t\t2.59%
\n\t\t\t1.18%
\n\t\tWaikato District
\n\t\t\t$937,888
\n\t\t\t-0.83%
\n\t\t\t0.20%
\n\t\t\t1.37%
\n\t\tMatamata-Piako District
\n\t\t\t$751,502
\n\t\t\t0.31%
\n\t\t\t1.83%
\n\t\t\t3.42%
\n\t\tHamilton City
\n\t\t\t$732,836
\n\t\t\t0.03%
\n\t\t\t-0.01%
\n\t\t\t0.70%
\n\t\tWaipa District
\n\t\t\t$922,015
\n\t\t\t0.82%
\n\t\t\t0.57%
\n\t\t\t0.56%
\n\t\tOtorohanga District
\n\t\t\t$653,144
\n\t\t\t0.31%
\n\t\t\t0.49%
\n\t\t\t2.98%
\n\t\tSouth Waikato District
\n\t\t\t$433,514
\n\t\t\t0.72%
\n\t\t\t0.44%
\n\t\t\t0.50%
\n\t\tWaitomo District
\n\t\t\t$437,592
\n\t\t\t0.22%
\n\t\t\t0.50%
\n\t\t\t-3.67%
\n\t\tTaupo District
\n\t\t\t$830,375
\n\t\t\t1.09%
\n\t\t\t2.07%
\n\t\t\t3.47%
\n\t\tBay of Plenty Region
\n\t\t\t$843,692
\n\t\t\t0.68%
\n\t\t\t0.49%
\n\t\t\t1.53%
\n\t\tWestern Bay of Plenty District
\n\t\t\t$1,091,911
\n\t\t\t2.06%
\n\t\t\t1.21%
\n\t\t\t4.89%
\n\t\tTauranga City
\n\t\t\t$926,150
\n\t\t\t0.19%
\n\t\t\t0.75%
\n\t\t\t1.48%
\n\t\tRotorua District
\n\t\t\t$640,781
\n\t\t\t0.60%
\n\t\t\t-0.06%
\n\t\t\t-0.27%
\n\t\tWhakatane District
\n\t\t\t$672,606
\n\t\t\t0.26%
\n\t\t\t-1.80%
\n\t\t\t-2.09%
\n\t\tKawerau District
\n\t\t\t$409,541
\n\t\t\t0.29%
\n\t\t\t0.61%
\n\t\t\t4.25%
\n\t\tOpotiki District
\n\t\t\t$568,183
\n\t\t\t2.57%
\n\t\t\t-0.95%
\n\t\t\t-4.28%
\n\t\tGisborne Region
\n\t\t\t$596,930
\n\t\t\t0.31%
\n\t\t\t3.72%
\n\t\t\t0.44%
\n\t\tGisborne District
\n\t\t\t$596,930
\n\t\t\t0.31%
\n\t\t\t3.72%
\n\t\t\t0.44%
\n\t\tWairoa District
\n\t\t\t$427,540
\n\t\t\t0.83%
\n\t\t\t0.56%
\n\t\t\t2.48%
\n\t\tHawke’s Bay Region
\n\t\t\t$687,578
\n\t\t\t0.33%
\n\t\t\t-0.29%
\n\t\t\t1.48%
\n\t\tHastings District
\n\t\t\t$714,430
\n\t\t\t0.41%
\n\t\t\t0.02%
\n\t\t\t1.89%
\n\t\tNapier City
\n\t\t\t$710,723
\n\t\t\t0.31%
\n\t\t\t-0.79%
\n\t\t\t1.22%
\n\t\tCentral Hawke’s Bay District
\n\t\t\t$589,180
\n\t\t\t-0.30%
\n\t\t\t-0.02%
\n\t\t\t-0.05%
\n\t\tTaranaki Region
\n\t\t\t$641,711
\n\t\t\t-0.21%
\n\t\t\t-0.31%
\n\t\t\t1.71%
\n\t\tNew Plymouth District
\n\t\t\t$703,738
\n\t\t\t-0.33%
\n\t\t\t-0.39%
\n\t\t\t1.64%
\n\t\tStratford District
\n\t\t\t$527,106
\n\t\t\t0.12%
\n\t\t\t0.69%
\n\t\t\t1.95%
\n\t\tSouth Taranaki District
\n\t\t\t$446,035
\n\t\t\t0.33%
\n\t\t\t-0.26%
\n\t\t\t2.07%
\n\t\tRuapehu District
\n\t\t\t$398,042
\n\t\t\t0.29%
\n\t\t\t0.27%
\n\t\t\t-0.93%
\n\t\tWhanganui District
\n\t\t\t$481,949
\n\t\t\t0.18%
\n\t\t\t-0.80%
\n\t\t\t-1.72%
\n\t\tRangitikei District
\n\t\t\t$434,996
\n\t\t\t0.16%
\n\t\t\t-0.78%
\n\t\t\t0.29%
\n\t\tManawatu-Whanganui Region
\n\t\t\t$541,000
\n\t\t\t0.05%
\n\t\t\t-0.48%
\n\t\t\t-0.93%
\n\t\tManawatu District
\n\t\t\t$629,379
\n\t\t\t-0.14%
\n\t\t\t-1.62%
\n\t\t\t-0.07%
\n\t\tPalmerston North City
\n\t\t\t$605,370
\n\t\t\t-0.07%
\n\t\t\t-0.01%
\n\t\t\t-1.52%
\n\t\tTararua District
\n\t\t\t$427,822
\n\t\t\t0.06%
\n\t\t\t0.30%
\n\t\t\t2.31%
\n\t\tHorowhenua District
\n\t\t\t$526,966
\n\t\t\t0.23%
\n\t\t\t-0.54%
\n\t\t\t-0.62%
\n\t\tWellington Region
\n\t\t\t$775,529
\n\t\t\t0.10%
\n\t\t\t-0.31%
\n\t\t\t-1.54%
\n\t\tKapiti Coast District
\n\t\t\t$795,126
\n\t\t\t-0.04%
\n\t\t\t-1.91%
\n\t\t\t-1.91%
\n\t\tPorirua City
\n\t\t\t$775,122
\n\t\t\t-0.17%
\n\t\t\t-0.05%
\n\t\t\t0.38%
\n\t\tUpper Hutt City
\n\t\t\t$700,001
\n\t\t\t0.16%
\n\t\t\t-0.52%
\n\t\t\t-2.40%
\n\t\tLower Hutt City
\n\t\t\t$687,757
\n\t\t\t-0.40%
\n\t\t\t-1.19%
\n\t\t\t-1.57%
\n\t\tWellington City
\n\t\t\t$868,938
\n\t\t\t0.54%
\n\t\t\t0.47%
\n\t\t\t-1.42%
\n\t\tMasterton District
\n\t\t\t$553,832
\n\t\t\t-0.62%
\n\t\t\t-0.10%
\n\t\t\t-2.64%
\n\t\tCarterton District
\n\t\t\t$679,454
\n\t\t\t-0.59%
\n\t\t\t-0.56%
\n\t\t\t-1.81%
\n\t\tSouth Wairarapa District
\n\t\t\t$762,509
\n\t\t\t0.34%
\n\t\t\t1.31%
\n\t\t\t-0.90%
\n\t\tTasman Nelson Marlborough Region
\n\t\t\t$762,088
\n\t\t\t0.60%
\n\t\t\t0.31%
\n\t\t\t-1.34%
\n\t\tTasman District
\n\t\t\t$857,379
\n\t\t\t0.27%
\n\t\t\t0.05%
\n\t\t\t-1.17%
\n\t\tNelson City
\n\t\t\t$739,680
\n\t\t\t1.38%
\n\t\t\t1.64%
\n\t\t\t-1.42%
\n\t\tMarlborough District
\n\t\t\t$674,462
\n\t\t\t0.24%
\n\t\t\t-0.64%
\n\t\t\t-1.42%
\n\t\tKaikoura District
\n\t\t\t$805,727
\n\t\t\t1.01%
\n\t\t\t0.92%
\n\t\t\t7.51%
\n\t\tWest Coast Region
\n\t\t\t$432,033
\n\t\t\t0.03%
\n\t\t\t1.52%
\n\t\t\t2.41%
\n\t\tBuller District
\n\t\t\t$378,847
\n\t\t\t0.14%
\n\t\t\t0.54%
\n\t\t\t0.62%
\n\t\tGrey District
\n\t\t\t$443,372
\n\t\t\t0.35%
\n\t\t\t2.12%
\n\t\t\t3.55%
\n\t\tWestland District
\n\t\t\t$482,737
\n\t\t\t-0.52%
\n\t\t\t1.59%
\n\t\t\t2.47%
\n\t\tHurunui District
\n\t\t\t$677,223
\n\t\t\t1.50%
\n\t\t\t1.05%
\n\t\t\t2.12%
\n\t\tCanterbury Region
\n\t\t\t$716,111
\n\t\t\t0.59%
\n\t\t\t0.88%
\n\t\t\t2.13%
\n\t\tWaimakariri District
\n\t\t\t$762,429
\n\t\t\t1.10%
\n\t\t\t1.57%
\n\t\t\t2.36%
\n\t\tChristchurch City
\n\t\t\t$704,249
\n\t\t\t0.37%
\n\t\t\t0.68%
\n\t\t\t2.55%
\n\t\tSelwyn District
\n\t\t\t$860,255
\n\t\t\t1.12%
\n\t\t\t1.30%
\n\t\t\t0.31%
\n\t\tAshburton District
\n\t\t\t$576,128
\n\t\t\t1.19%
\n\t\t\t2.07%
\n\t\t\t2.46%
\n\t\tTimaru District
\n\t\t\t$539,457
\n\t\t\t0.63%
\n\t\t\t0.51%
\n\t\t\t1.51%
\n\t\tOtago Region
\n\t\t\t$681,136
\n\t\t\t1.14%
\n\t\t\t1.45%
\n\t\t\t0.82%
\n\t\tMackenzie District
\n\t\t\t$710,470
\n\t\t\t0.23%
\n\t\t\t0.76%
\n\t\t\t0.19%
\n\t\tWaimate District
\n\t\t\t$500,696
\n\t\t\t0.67%
\n\t\t\t0.53%
\n\t\t\t0.72%
\n\t\tWaitaki District
\n\t\t\t$507,477
\n\t\t\t0.46%
\n\t\t\t-0.35%
\n\t\t\t0.98%
\n\t\tCentral Otago District
\n\t\t\t$854,855
\n\t\t\t0.63%
\n\t\t\t0.60%
\n\t\t\t1.96%
\n\t\tQueenstown-Lakes District
\n\t\t\t$1,695,801
\n\t\t\t1.71%
\n\t\t\t2.37%
\n\t\t\t1.18%
\n\t\tDunedin City
\n\t\t\t$597,974
\n\t\t\t0.73%
\n\t\t\t0.76%
\n\t\t\t-0.10%
\n\t\tClutha District
\n\t\t\t$424,489
\n\t\t\t0.52%
\n\t\t\t1.62%
\n\t\t\t1.02%
\n\t\tSouthland Region
\n\t\t\t$530,201
\n\t\t\t2.06%
\n\t\t\t2.92%
\n\t\t\t4.53%
\n\t\tSouthland District
\n\t\t\t$586,296
\n\t\t\t1.70%
\n\t\t\t2.03%
\n\t\t\t3.16%
\n\t\tGore District
\n\t\t\t$461,919
\n\t\t\t2.38%
\n\t\t\t3.76%
\n\t\t\t6.77%
\n\t\tInvercargill City
\n\t\t\t$526,789
\n\t\t\t2.16%
\n\t\t\t3.14%
\n\t\t\t4.72%
\n\t\tAll of Aotearoa
\n\t\t\t$811,662
\n\t\t\t0.19%
\n\t\t\t-0.12%
\n\t\t\t-0.40%<\/p>\n","protected":false},"excerpt":{"rendered":"New Zealand’s median dwelling value increased by $1021 (+0.19%) to $811,662 in October, according to the Cotality Home…\n","protected":false},"author":2,"featured_media":111328,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[42,43,40,38,41,39],"class_list":{"0":"post-111327","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-headlines","8":"tag-headlines","9":"tag-news","10":"tag-top-news","11":"tag-top-stories","12":"tag-topnews","13":"tag-topstories"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/111327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=111327"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/111327\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/111328"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=111327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=111327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=111327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}