{"id":313496,"date":"2026-03-05T02:03:22","date_gmt":"2026-03-05T02:03:22","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/313496\/"},"modified":"2026-03-05T02:03:22","modified_gmt":"2026-03-05T02:03:22","slug":"a-modest-lift-in-national-property-values-in-a-single-month-in-february-is-nothing-to-get-carried-away-about","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/313496\/","title":{"rendered":"‘A modest lift in national property values in a single month\u00a0in February is nothing to get carried away about’"},"content":{"rendered":"

\nCotality Home Value Index shows housing values have been largely flat overall for more than a year\n<\/p>\n

Housing values have been flat overall so far this year, according to property data company Cotality’s latest Home Value Index (HVI) figures.<\/p>\n

The national median residential property value was $806,697 in February, according to the HVI. That’s up 0.2% compared to January, which in turn was down 0.1% compared to December.<\/p>\n

Looking back over the longer term, February’s median price was down 0.1% compared to three months ago, and down 1.2% compared to 12 months ago.<\/p>\n

That suggests property values have now been largely flat for more than a year, although the median value remains 17.3% down from its peak in early 2022.<\/p>\n

Around the regions, value changes over the year to February ranged from a 3.2% loss of value in Auckland to a 5.7% gain in Southland.<\/p>\n

“A modest lift in national property values in a single month\u00a0in February is nothing to get carried away about,” Cotality NZ Chief Property Economist Kelvin Davidson said.<\/p>\n

“Given the cautious attitude that still prevails among both buyers and sellers, we’d need to see at least two to three more monthly increases before calling it a trend,” Davidson said.<\/p>\n

“Moreover, even if that upswing does begin in earnest this year, values are still down more than 17% from their peak, with conditions remaining pretty favourable for first home buyers and those investors looking to start or expand a portfolio.”<\/p>\n

“On the flipside, many vendors will be getting prices below what they expected a few years ago,”\u00a0Davidson said.<\/p>\n

The HVI table below shows the latest median dwelling values and their recent movements in all districts throughout the country.<\/p>\n

Cotality Home Value Index
\n\t\tFebruary 2026
\n\t\tRegion\/District
\n\t\t\tMedian Residential Value
\n\t\t\tChange 1 month
\n\t\t\tChange 3 months
\n\t\t\tChange 12 months
\n\t\tAll of Aotearoa
\n\t\t\t$806,697
\n\t\t\t0.2%
\n\t\t\t-0.1%
\n\t\t\t-1.2%
\n\t\tNorthland Region
\n\t\t\t$703,035
\n\t\t\t0.0%
\n\t\t\t-1.0%
\n\t\t\t-2.0%
\n\t\tFar North District
\n\t\t\t$656,643
\n\t\t\t-0.6%
\n\t\t\t-2.3%
\n\t\t\t-3.0%
\n\t\tWhangarei District
\n\t\t\t$717,833
\n\t\t\t0.1%
\n\t\t\t-0.9%
\n\t\t\t-1.7%
\n\t\tKaipara District
\n\t\t\t$762,298
\n\t\t\t0.7%
\n\t\t\t1.6%
\n\t\t\t-1.6%
\n\t\tAuckland Region
\n\t\t\t$1,040,913
\n\t\t\t0.1%
\n\t\t\t-0.8%
\n\t\t\t-3.2%
\n\t\tAuckland – Rodney
\n\t\t\t$1,194,695
\n\t\t\t0.0%
\n\t\t\t-0.4%
\n\t\t\t-2.0%
\n\t\tAuckland – North Shore
\n\t\t\t$1,283,944
\n\t\t\t0.1%
\n\t\t\t-0.2%
\n\t\t\t-0.8%
\n\t\tAuckland – Waitakere
\n\t\t\t$917,487
\n\t\t\t0.0%
\n\t\t\t-0.8%
\n\t\t\t-2.5%
\n\t\tAuckland – Central\u00a0
\n\t\t\t$1,104,846
\n\t\t\t0.0%
\n\t\t\t-1.4%
\n\t\t\t-4.5%
\n\t\tAuckland – Manukau
\n\t\t\t$967,728
\n\t\t\t0.1%
\n\t\t\t-0.8%
\n\t\t\t-3.9%
\n\t\tAuckland – Papakura
\n\t\t\t$812,347
\n\t\t\t0.2%
\n\t\t\t0.3%
\n\t\t\t-3.3%
\n\t\tAuckland – Franklin
\n\t\t\t$918,325
\n\t\t\t0.1%
\n\t\t\t-0.4%
\n\t\t\t-2.9%
\n\t\tWaikato Region
\n\t\t\t$770,381
\n\t\t\t0.2%
\n\t\t\t0.0%
\n\t\t\t-0.8%
\n\t\tThames-Coromandel District
\n\t\t\t$996,757
\n\t\t\t-0.1%
\n\t\t\t-0.3%
\n\t\t\t-1.9%
\n\t\tHauraki District
\n\t\t\t$639,360
\n\t\t\t0.3%
\n\t\t\t-0.6%
\n\t\t\t-0.7%
\n\t\tWaikato District
\n\t\t\t$928,364
\n\t\t\t-0.4%
\n\t\t\t-0.4%
\n\t\t\t1.0%
\n\t\tMatamata-Piako District
\n\t\t\t$724,337
\n\t\t\t-0.4%
\n\t\t\t-0.7%
\n\t\t\t-0.7%
\n\t\tHamilton City
\n\t\t\t$711,669
\n\t\t\t0.9%
\n\t\t\t0.5%
\n\t\t\t-1.2%
\n\t\tWaipa District
\n\t\t\t$914,509
\n\t\t\t0.1%
\n\t\t\t-0.1%
\n\t\t\t-1.0%
\n\t\tOtorohanga District
\n\t\t\t$626,474
\n\t\t\t-0.6%
\n\t\t\t-0.6%
\n\t\t\t-1.3%
\n\t\tSouth Waikato District
\n\t\t\t$431,014
\n\t\t\t0.6%
\n\t\t\t0.8%
\n\t\t\t0.2%
\n\t\tWaitomo District
\n\t\t\t$448,761
\n\t\t\t0.9%
\n\t\t\t0.9%
\n\t\t\t0.5%
\n\t\tTaupo District
\n\t\t\t$816,035
\n\t\t\t0.2%
\n\t\t\t0.8%
\n\t\t\t-0.4%
\n\t\tBay of Plenty Region
\n\t\t\t$838,779
\n\t\t\t0.4%
\n\t\t\t0.3%
\n\t\t\t-0.1%
\n\t\tWestern Bay of Plenty District
\n\t\t\t$1,017,760
\n\t\t\t0.4%
\n\t\t\t0.2%
\n\t\t\t-2.7%
\n\t\tTauranga City
\n\t\t\t$930,470
\n\t\t\t0.5%
\n\t\t\t0.6%
\n\t\t\t1.1%
\n\t\tRotorua District
\n\t\t\t$629,451
\n\t\t\t-0.1%
\n\t\t\t0.0%
\n\t\t\t-0.2%
\n\t\tWhakatane District
\n\t\t\t$691,362
\n\t\t\t0.2%
\n\t\t\t-0.5%
\n\t\t\t-1.8%
\n\t\tKawerau District
\n\t\t\t$415,541
\n\t\t\t0.6%
\n\t\t\t0.6%
\n\t\t\t2.4%
\n\t\tOpotiki District
\n\t\t\t$593,635
\n\t\t\t0.7%
\n\t\t\t0.5%
\n\t\t\t-1.6%
\n\t\tGisborne Region
\n\t\t\t$623,830
\n\t\t\t0.9%
\n\t\t\t1.1%
\n\t\t\t4.3%
\n\t\tGisborne District
\n\t\t\t$623,830
\n\t\t\t0.9%
\n\t\t\t1.1%
\n\t\t\t4.3%
\n\t\tHawke’s Bay Region
\n\t\t\t$694,110
\n\t\t\t0.3%
\n\t\t\t-0.7%
\n\t\t\t-0.5%
\n\t\tWairoa District
\n\t\t\t$444,058
\n\t\t\t1.3%
\n\t\t\t0.7%
\n\t\t\t8.4%
\n\t\tHastings District
\n\t\t\t$712,171
\n\t\t\t0.2%
\n\t\t\t-1.8%
\n\t\t\t-1.2%
\n\t\tNapier City
\n\t\t\t$703,516
\n\t\t\t0.4%
\n\t\t\t0.4%
\n\t\t\t-0.3%
\n\t\tCentral Hawke’s Bay District
\n\t\t\t$595,225
\n\t\t\t0.5%
\n\t\t\t0.3%
\n\t\t\t0.4%
\n\t\tTaranaki Region
\n\t\t\t$637,919
\n\t\t\t-0.2%
\n\t\t\t-0.4%
\n\t\t\t-0.3%
\n\t\tNew Plymouth District
\n\t\t\t$701,113
\n\t\t\t-0.1%
\n\t\t\t-0.4%
\n\t\t\t-0.8%
\n\t\tStratford District
\n\t\t\t$535,150
\n\t\t\t-0.1%
\n\t\t\t-0.5%
\n\t\t\t2.5%
\n\t\tSouth Taranaki District
\n\t\t\t$463,280
\n\t\t\t-0.2%
\n\t\t\t-0.4%
\n\t\t\t1.5%
\n\t\tManawatu-Whanganui Region
\n\t\t\t$548,523
\n\t\t\t0.0%
\n\t\t\t0.0%
\n\t\t\t-0.2%
\n\t\tRuapehu District
\n\t\t\t$386,240
\n\t\t\t-0.3%
\n\t\t\t0.1%
\n\t\t\t-1.9%
\n\t\tWhanganui District
\n\t\t\t$521,106
\n\t\t\t1.2%
\n\t\t\t1.3%
\n\t\t\t2.5%
\n\t\tRangitikei District
\n\t\t\t$434,854
\n\t\t\t-0.1%
\n\t\t\t-0.5%
\n\t\t\t-1.7%
\n\t\tManawatu District
\n\t\t\t$611,828
\n\t\t\t0.1%
\n\t\t\t-1.2%
\n\t\t\t-3.0%
\n\t\tPalmerston North City
\n\t\t\t$607,217
\n\t\t\t0.0%
\n\t\t\t0.3%
\n\t\t\t0.6%
\n\t\tTararua District
\n\t\t\t$424,504
\n\t\t\t-0.6%
\n\t\t\t-1.9%
\n\t\t\t-3.4%
\n\t\tHorowhenua District
\n\t\t\t$524,942
\n\t\t\t-1.0%
\n\t\t\t-0.8%
\n\t\t\t-1.1%
\n\t\tWellington Region
\n\t\t\t$765,158
\n\t\t\t0.3%
\n\t\t\t0.1%
\n\t\t\t-1.8%
\n\t\tKapiti Coast District
\n\t\t\t$787,008
\n\t\t\t-0.1%
\n\t\t\t-0.1%
\n\t\t\t-3.5%
\n\t\tPorirua City
\n\t\t\t$719,858
\n\t\t\t-0.3%
\n\t\t\t-1.4%
\n\t\t\t-3.4%
\n\t\tUpper Hutt City
\n\t\t\t$708,605
\n\t\t\t-0.1%
\n\t\t\t-0.2%
\n\t\t\t-1.8%
\n\t\tLower Hutt City
\n\t\t\t$663,635
\n\t\t\t0.0%
\n\t\t\t-1.0%
\n\t\t\t-2.6%
\n\t\tWellington City
\n\t\t\t$875,710
\n\t\t\t0.8%
\n\t\t\t1.1%
\n\t\t\t-0.3%
\n\t\tMasterton District
\n\t\t\t$559,834
\n\t\t\t0.0%
\n\t\t\t-0.7%
\n\t\t\t-3.9%
\n\t\tCarterton District
\n\t\t\t$660,806
\n\t\t\t-0.2%
\n\t\t\t-1.7%
\n\t\t\t-4.2%
\n\t\tSouth Wairarapa District
\n\t\t\t$755,975
\n\t\t\t-0.2%
\n\t\t\t-1.6%
\n\t\t\t-3.0%
\n\t\tTasman Nelson Marlborough Region
\n\t\t\t$750,687
\n\t\t\t0.3%
\n\t\t\t0.5%
\n\t\t\t-1.4%
\n\t\tTasman District
\n\t\t\t$848,725
\n\t\t\t0.2%
\n\t\t\t0.8%
\n\t\t\t-0.8%
\n\t\tNelson City
\n\t\t\t$718,436
\n\t\t\t0.2%
\n\t\t\t-0.4%
\n\t\t\t-2.2%
\n\t\tMarlborough District
\n\t\t\t$680,783
\n\t\t\t0.4%
\n\t\t\t1.3%
\n\t\t\t-1.3%
\n\t\tKaikoura District
\n\t\t\t$826,520
\n\t\t\t-0.1%
\n\t\t\t0.4%
\n\t\t\t3.4%
\n\t\tWest Coast Region
\n\t\t\t$435,040
\n\t\t\t0.8%
\n\t\t\t0.9%
\n\t\t\t3.3%
\n\t\tBuller District
\n\t\t\t$387,181
\n\t\t\t0.7%
\n\t\t\t1.2%
\n\t\t\t3.1%
\n\t\tGrey District
\n\t\t\t$438,761
\n\t\t\t0.9%
\n\t\t\t1.1%
\n\t\t\t3.2%
\n\t\tWestland District
\n\t\t\t$496,559
\n\t\t\t1.0%
\n\t\t\t0.5%
\n\t\t\t4.0%
\n\t\tCanterbury Region
\n\t\t\t$718,551
\n\t\t\t0.6%
\n\t\t\t1.0%
\n\t\t\t2.9%
\n\t\tHurunui District
\n\t\t\t$715,435
\n\t\t\t0.2%
\n\t\t\t1.1%
\n\t\t\t0.9%
\n\t\tWaimakariri District
\n\t\t\t$788,329
\n\t\t\t0.7%
\n\t\t\t1.6%
\n\t\t\t4.1%
\n\t\tChristchurch City
\n\t\t\t$701,152
\n\t\t\t0.6%
\n\t\t\t0.9%
\n\t\t\t2.8%
\n\t\tSelwyn District
\n\t\t\t$885,886
\n\t\t\t0.6%
\n\t\t\t1.3%
\n\t\t\t2.8%
\n\t\tAshburton District
\n\t\t\t$567,908
\n\t\t\t0.7%
\n\t\t\t1.1%
\n\t\t\t4.0%
\n\t\tTimaru District
\n\t\t\t$534,754
\n\t\t\t0.4%
\n\t\t\t0.5%
\n\t\t\t0.6%
\n\t\tMackenzie District
\n\t\t\t$730,801
\n\t\t\t0.8%
\n\t\t\t1.7%
\n\t\t\t2.6%
\n\t\tWaimate District
\n\t\t\t$510,347
\n\t\t\t0.6%
\n\t\t\t1.8%
\n\t\t\t3.0%
\n\t\tOtago Region
\n\t\t\t$703,400
\n\t\t\t0.5%
\n\t\t\t0.7%
\n\t\t\t0.7%
\n\t\tWaitaki District
\n\t\t\t$483,530
\n\t\t\t0.6%
\n\t\t\t0.1%
\n\t\t\t-1.9%
\n\t\tCentral Otago District
\n\t\t\t$877,449
\n\t\t\t0.2%
\n\t\t\t0.4%
\n\t\t\t2.2%
\n\t\tQueenstown-Lakes District
\n\t\t\t$1,526,975
\n\t\t\t0.1%
\n\t\t\t0.3%
\n\t\t\t0.0%
\n\t\tDunedin City
\n\t\t\t$619,067
\n\t\t\t0.9%
\n\t\t\t1.3%
\n\t\t\t0.9%
\n\t\tClutha District
\n\t\t\t$445,866
\n\t\t\t0.0%
\n\t\t\t-0.4%
\n\t\t\t3.2%
\n\t\tSouthland Region
\n\t\t\t$521,036
\n\t\t\t1.0%
\n\t\t\t1.9%
\n\t\t\t5.7%
\n\t\tSouthland District
\n\t\t\t$601,502
\n\t\t\t0.9%
\n\t\t\t2.2%
\n\t\t\t5.2%
\n\t\tGore District
\n\t\t\t$490,752
\n\t\t\t1.2%
\n\t\t\t1.5%
\n\t\t\t5.1%
\n\t\tInvercargill City
\n\t\t\t$515,067
\n\t\t\t1.1%
\n\t\t\t1.9%
\n\t\t\t6.1%<\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Cotality Home Value Index shows housing values have been largely flat overall for more than a year Housing…\n","protected":false},"author":2,"featured_media":313497,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-313496","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/313496","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=313496"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/313496\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/313497"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=313496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=313496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=313496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}