{"id":421595,"date":"2026-05-11T01:59:14","date_gmt":"2026-05-11T01:59:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/421595\/"},"modified":"2026-05-11T01:59:14","modified_gmt":"2026-05-11T01:59:14","slug":"northland-property-prices-rise-across-districts-but-still-below-peak-oneroof-data-shows","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/421595\/","title":{"rendered":"Northland property prices rise across districts but still below peak, OneRoof data shows"},"content":{"rendered":"

OneRoof editor Owen Vaughan<\/a> said the latest figures were a positive sign after a couple of years of a flat market.<\/p>\n

\u201cThe Northland market is really encouraging. You\u2019ve had a bit of a bounce in late 2025 and over summer that have helped.\u201d<\/p>\n

Vaughan said Northland property prices were still well below the peaks seen a few years ago. <\/p>\n

Northland\u2019s average property value is 9.7% lower than its April 2022 peak of $925,000.<\/p>\n

Kaipara is down 6.6% from $1,012,000, Whang\u0101rei 15.1% from $986,000, and the Far North 3.5% from $811,000.<\/p>\n

\u201cBut it\u2019s good momentum and the challenge is can that momentum keep going,\u201d Vaughan said.<\/p>\n

\"OneRoofOneRoof editor Owen Vaughan.<\/p>\n

Northland\u2019s market was performing better than Auckland\u2019s, where values are down 3% year-on-year, he said.<\/p>\n

According to Vaughan, Northland was riding a crest of momentum but that could change.<\/p>\n

\u201cIf there weren\u2019t these economic headwinds we are facing … that positive momentum for Northland would continue but with jitters around the Iran war, rising fuel costs and other issues, we can\u2019t predict what will happen.\u201d<\/p>\n

Vaughan said with global uncertainty, the challenge now is whether the market can hold steady rather than grow.<\/p>\n

He called the Northland property market interesting for its mix of expensive and inexpensive properties.<\/p>\n

\u201c … You have plenty of properties in the $1 million-plus bracket but many lower end properties, and it\u2019s those lower end sales, with first home buyers having a big say, driving your rises.\u201d<\/p>\n

Vaughan said a property at Andersons Cove, between Mangawhai and Langs Beach, had come onto the market and could fetch more than $40 million.<\/p>\n

Northland real estate director Tony Grindle, of Bayleys in the North, said his company had seen an upturn in sales, with some record results this year.<\/p>\n

He said high commodity prices and the recent Fonterra payout meant the rural sector was performing strongly with good cash flow.<\/p>\n

Beef prices are forecast to be near record highs in the 2025\/26 season, while global dairy prices surged last year to their highest levels in nearly three years.<\/p>\n

Northland dairy farmers are receiving a $200 million windfall<\/a> from Fonterra\u2019s $4.2 billion sale of its dairy brands.<\/p>\n

Grindle said strong rural economic conditions were lifting confidence in the property market.<\/p>\n

While Bayleys typically sells higher-end homes, recent months have seen a return of first-home buyers and investors.<\/p>\n

Grindle said out-of-town contractors helped drive demand in Dargaville.<\/p>\n

\"BayleysBayleys in the North director Tony Grindle.<\/p>\n

\u201cThe rural sector has been particularly strong, we have had record value sales in commercial and of course the residential market has certainly had life injected into it.\u201d<\/p>\n

He said March was the company\u2019s second-best since 2017, while April was its strongest for sales volume in his 24 years with the company, with 48 contracts written.<\/p>\n

Bayleys in North was experiencing good selling conditions in Whang\u0101rei and Bay of Islands, Grindle said.<\/p>\n

Property numbers<\/p>\n

$967,000 \u2013 average NZ property value, down 0.3% in 12 months$835,000 \u2013 Northland average, up 2.1%$945,000 \u2013 Kaipara average, up 0.7%$837,000 \u2013 Whang\u0101rei average, up 1.5%$783,000 \u2013 Far North average up 3.6%3620 \u2013 properties sold in Northland in past year<\/p>\n","protected":false},"excerpt":{"rendered":"OneRoof editor Owen Vaughan said the latest figures were a positive sign after a couple of years of…\n","protected":false},"author":2,"featured_media":421596,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[2840,74,13990,138,3013,8414,3105,39881,102953,225,111,139,1067,24926,69,86387,13028,12937,814,1974,15267,1436,801,667,418,544,6100,102,1530],"class_list":["post-421595","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-across","tag-after","tag-below","tag-business","tag-but","tag-couple","tag-data","tag-districts","tag-doldrums","tag-market","tag-new-zealand","tag-newzealand","tag-northland","tag-northlands","tag-nz","tag-oneroof","tag-peak","tag-prices","tag-property","tag-record","tag-reported","tag-rise","tag-rising","tag-sales","tag-shows","tag-some","tag-still","tag-with","tag-years"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/421595","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=421595"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/421595\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/421596"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=421595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=421595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=421595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}