{"id":459766,"date":"2026-06-04T01:17:27","date_gmt":"2026-06-04T01:17:27","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/459766\/"},"modified":"2026-06-04T01:17:27","modified_gmt":"2026-06-04T01:17:27","slug":"housing-values-treading-water-cotality-says","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/459766\/","title":{"rendered":"Housing values treading water, Cotality says"},"content":{"rendered":"New Zealand housing values are treading water, according to property data company Cotality.<\/p>\n
The Cotality Home Value Index (HVI)\u00a0 for May shows the national median dwelling value was $808,187 in May, almost unchanged from April, and down 0.1% over the last three months.<\/p>\n
The median value was also down 0.6% compared to April last year and 17% below its peak in early 2022.<\/p>\n
Around the main centres, values declined in Auckland and Wellington in May but increased in Hamilton, Tauranga, Christchurch and Dunedin, although none of the movements was big. See the HVI table below for the full value changes across all districts.<\/p>\n
Cotality NZ Chief Property economist Kelvin Davidson said May’s flat result was a continuation of the sluggish market seen so far in 2026, with no clear directional change in sight.<\/p>\n
“Property values are generally stuck in neutral at the national level, with buyers in no major rush, but sellers not having to capitulate either,” Davidson said.<\/p>\n
“There are differing patterns beneath the surface,” he said.<\/p>\n
“Key areas, including Auckland and Wellington are still subdued, while even ‘strong’ markets such as Christchurch or Invercargill aren’t racing away. Interest rates have already lifted in recent months and there’s likely to be more to come the longer the Iran conflict continues.<\/p>\n
“At the same time, consumer and business confidence has been hit hard and there are other signs of economic weakness coming through, such as falls in consumer spending,”\u00a0Davidson said.<\/p>\n
“It all adds up to significant headwinds for sales activity and property values in coming months.”\u00a0<\/p>\n
Cotality NZ Home Value Index
\n\t\tMay 2026
\n\t\t\u00a0
\n\t\t\tMedian value
\n\t\t\t1 month change
\n\t\t\t3 month change
\n\t\t\t12 month change
\n\t\t\u00a0
\n\t\tAll of Aotearoa
\n\t\t\t$808,187
\n\t\t\t-0.01%
\n\t\t\t-0.14%
\n\t\t\t-0.64%
\n\t\tNorthland Region
\n\t\t\t$712,463
\n\t\t\t0.11%
\n\t\t\t0.08%
\n\t\t\t-1.45%
\n\t\tFar North District
\n\t\t\t$673,656
\n\t\t\t0.21%
\n\t\t\t0.66%
\n\t\t\t-2.32%
\n\t\tWhangarei District
\n\t\t\t$714,981
\n\t\t\t-0.10%
\n\t\t\t-0.75%
\n\t\t\t-1.28%
\n\t\tKaipara District
\n\t\t\t$817,732
\n\t\t\t0.60%
\n\t\t\t1.62%
\n\t\t\t-0.56%
\n\t\tAuckland Region
\n\t\t\t$1,046,164
\n\t\t\t-0.16%
\n\t\t\t-0.49%
\n\t\t\t-2.61%
\n\t\tAuckland – Rodney
\n\t\t\t$1,213,529
\n\t\t\t0.19%
\n\t\t\t0.42%
\n\t\t\t-0.96%
\n\t\tAuckland – North Shore
\n\t\t\t$1,283,437
\n\t\t\t-0.20%
\n\t\t\t-0.74%
\n\t\t\t-0.39%
\n\t\tAuckland – Waitakere
\n\t\t\t$910,416
\n\t\t\t-0.27%
\n\t\t\t-0.46%
\n\t\t\t-2.08%
\n\t\tAuckland – Central
\n\t\t\t$1,114,879
\n\t\t\t-0.17%
\n\t\t\t-0.79%
\n\t\t\t-4.14%
\n\t\tAuckland – Manukau
\n\t\t\t$964,836
\n\t\t\t-0.23%
\n\t\t\t-0.18%
\n\t\t\t-2.72%
\n\t\tAuckland – Papakura
\n\t\t\t$804,839
\n\t\t\t-0.32%
\n\t\t\t-0.61%
\n\t\t\t-2.91%
\n\t\tAuckland – Franklin
\n\t\t\t$925,552
\n\t\t\t0.03%
\n\t\t\t-0.41%
\n\t\t\t-2.69%
\n\t\tWaikato Region
\n\t\t\t$778,077
\n\t\t\t-0.04%
\n\t\t\t0.31%
\n\t\t\t-0.17%
\n\t\tThames-Coromandel District
\n\t\t\t$984,266
\n\t\t\t0.86%
\n\t\t\t2.18%
\n\t\t\t1.37%
\n\t\tHauraki District
\n\t\t\t$633,718
\n\t\t\t-0.34%
\n\t\t\t0.57%
\n\t\t\t0.49%
\n\t\tWaikato District
\n\t\t\t$944,531
\n\t\t\t-0.92%
\n\t\t\t-0.51%
\n\t\t\t0.51%
\n\t\tMatamata-Piako District
\n\t\t\t$717,272
\n\t\t\t-0.35%
\n\t\t\t-0.89%
\n\t\t\t0.14%
\n\t\tHamilton City
\n\t\t\t$726,936
\n\t\t\t0.12%
\n\t\t\t0.22%
\n\t\t\t-1.39%
\n\t\tWaipa District
\n\t\t\t$910,497
\n\t\t\t0.29%
\n\t\t\t0.27%
\n\t\t\t-0.91%
\n\t\tOtorohanga District
\n\t\t\t$635,433
\n\t\t\t-0.08%
\n\t\t\t-0.37%
\n\t\t\t-1.57%
\n\t\tSouth Waikato District
\n\t\t\t$432,526
\n\t\t\t-0.24%
\n\t\t\t0.98%
\n\t\t\t2.89%
\n\t\tBay of Plenty Region
\n\t\t\t$845,369
\n\t\t\t0.21%
\n\t\t\t0.04%
\n\t\t\t0.95%
\n\t\tWaitomo District
\n\t\t\t$451,279
\n\t\t\t-0.29%
\n\t\t\t0.16%
\n\t\t\t5.34%
\n\t\tTaupo District
\n\t\t\t$809,248
\n\t\t\t-0.34%
\n\t\t\t-0.17%
\n\t\t\t-0.07%
\n\t\tWestern Bay of Plenty District
\n\t\t\t$1,041,556
\n\t\t\t0.21%
\n\t\t\t0.44%
\n\t\t\t0.90%
\n\t\tTauranga City
\n\t\t\t$935,685
\n\t\t\t0.22%
\n\t\t\t-0.08%
\n\t\t\t1.73%
\n\t\tRotorua District
\n\t\t\t$648,493
\n\t\t\t0.64%
\n\t\t\t0.45%
\n\t\t\t0.49%
\n\t\tWhakatane District
\n\t\t\t$693,759
\n\t\t\t-0.35%
\n\t\t\t-0.69%
\n\t\t\t-2.42%
\n\t\tKawerau District
\n\t\t\t$425,139
\n\t\t\t-0.41%
\n\t\t\t-0.03%
\n\t\t\t-0.13%
\n\t\tOpotiki District
\n\t\t\t$588,692
\n\t\t\t-0.46%
\n\t\t\t-0.55%
\n\t\t\t-1.39%
\n\t\tGisborne Region
\n\t\t\t$622,768
\n\t\t\t0.21%
\n\t\t\t0.91%
\n\t\t\t4.27%
\n\t\tGisborne District
\n\t\t\t$622,768
\n\t\t\t0.21%
\n\t\t\t0.91%
\n\t\t\t4.27%
\n\t\tWairoa District
\n\t\t\t$379,869
\n\t\t\t-0.65%
\n\t\t\t-3.93%
\n\t\t\t-2.10%
\n\t\tHawke’s Bay Region
\n\t\t\t$670,709
\n\t\t\t-0.19%
\n\t\t\t-1.96%
\n\t\t\t-2.31%
\n\t\tHastings District
\n\t\t\t$692,110
\n\t\t\t-0.42%
\n\t\t\t-2.56%
\n\t\t\t-3.25%
\n\t\tNapier City
\n\t\t\t$696,067
\n\t\t\t0.06%
\n\t\t\t-1.21%
\n\t\t\t-1.59%
\n\t\tCentral Hawke’s Bay District
\n\t\t\t$576,777
\n\t\t\t0.08%
\n\t\t\t-1.18%
\n\t\t\t-0.75%
\n\t\tTaranaki Region
\n\t\t\t$634,760
\n\t\t\t0.02%
\n\t\t\t-0.09%
\n\t\t\t-0.89%
\n\t\tNew Plymouth District
\n\t\t\t$696,387
\n\t\t\t-0.02%
\n\t\t\t-0.15%
\n\t\t\t-1.14%
\n\t\tStratford District
\n\t\t\t$533,313
\n\t\t\t0.33%
\n\t\t\t0.17%
\n\t\t\t0.92%
\n\t\tSouth Taranaki District
\n\t\t\t$458,160
\n\t\t\t0.10%
\n\t\t\t0.17%
\n\t\t\t-0.47%
\n\t\tManawatu-Whanganui Region
\n\t\t\t$545,719
\n\t\t\t0.13%
\n\t\t\t-0.61%
\n\t\t\t-0.61%
\n\t\tRuapehu District
\n\t\t\t$382,545
\n\t\t\t-0.32%
\n\t\t\t-1.57%
\n\t\t\t-2.60%
\n\t\tWhanganui District
\n\t\t\t$506,755
\n\t\t\t0.78%
\n\t\t\t-0.67%
\n\t\t\t0.65%
\n\t\tRangitikei District
\n\t\t\t$439,476
\n\t\t\t0.69%
\n\t\t\t0.26%
\n\t\t\t2.41%
\n\t\tManawatu District
\n\t\t\t$631,617
\n\t\t\t0.19%
\n\t\t\t0.61%
\n\t\t\t-2.70%
\n\t\tPalmerston North City
\n\t\t\t$606,124
\n\t\t\t0.07%
\n\t\t\t-0.27%
\n\t\t\t1.22%
\n\t\tTararua District
\n\t\t\t$429,823
\n\t\t\t-0.54%
\n\t\t\t0.53%
\n\t\t\t-3.53%
\n\t\tHorowhenua District
\n\t\t\t$509,710
\n\t\t\t-0.49%
\n\t\t\t-2.77%
\n\t\t\t-3.80%
\n\t\tWellington Region
\n\t\t\t$773,899
\n\t\t\t-0.22%
\n\t\t\t-0.41%
\n\t\t\t-1.25%
\n\t\tKapiti Coast District
\n\t\t\t$819,808
\n\t\t\t0.67%
\n\t\t\t1.01%
\n\t\t\t-1.71%
\n\t\tPorirua City
\n\t\t\t$763,455
\n\t\t\t0.22%
\n\t\t\t-0.35%
\n\t\t\t-2.13%
\n\t\tUpper Hutt City
\n\t\t\t$715,294
\n\t\t\t0.32%
\n\t\t\t0.36%
\n\t\t\t-0.65%
\n\t\tLower Hutt City
\n\t\t\t$668,450
\n\t\t\t-0.11%
\n\t\t\t-0.88%
\n\t\t\t-4.03%
\n\t\tWellington City
\n\t\t\t$871,120
\n\t\t\t-0.59%
\n\t\t\t-0.72%
\n\t\t\t0.15%
\n\t\tMasterton District
\n\t\t\t$564,103
\n\t\t\t-0.88%
\n\t\t\t-1.09%
\n\t\t\t-2.22%
\n\t\tCarterton District
\n\t\t\t$655,923
\n\t\t\t0.65%
\n\t\t\t0.12%
\n\t\t\t-1.57%
\n\t\tSouth Wairarapa District
\n\t\t\t$782,928
\n\t\t\t0.83%
\n\t\t\t0.36%
\n\t\t\t2.10%
\n\t\tTasman Nelson Marlborough
\n\t\t\t$746,209
\n\t\t\t0.18%
\n\t\t\t-0.29%
\n\t\t\t-1.23%
\n\t\tTasman District
\n\t\t\t$854,829
\n\t\t\t0.26%
\n\t\t\t-0.17%
\n\t\t\t-0.28%
\n\t\tNelson City
\n\t\t\t$716,765
\n\t\t\t0.14%
\n\t\t\t-0.52%
\n\t\t\t-1.57%
\n\t\tMarlborough District
\n\t\t\t$647,901
\n\t\t\t0.10%
\n\t\t\t-0.23%
\n\t\t\t-2.06%
\n\t\tKaikoura District
\n\t\t\t$800,927
\n\t\t\t-0.02%
\n\t\t\t-0.63%
\n\t\t\t0.66%
\n\t\tWest Coast Region
\n\t\t\t$453,439
\n\t\t\t0.33%
\n\t\t\t0.28%
\n\t\t\t4.88%
\n\t\tBuller District
\n\t\t\t$398,891
\n\t\t\t0.51%
\n\t\t\t-0.20%
\n\t\t\t1.28%
\n\t\tGrey District
\n\t\t\t$463,827
\n\t\t\t0.01%
\n\t\t\t-0.31%
\n\t\t\t6.90%
\n\t\tWestland District
\n\t\t\t$516,778
\n\t\t\t0.63%
\n\t\t\t1.43%
\n\t\t\t5.48%
\n\t\tCanterbury Region
\n\t\t\t$719,128
\n\t\t\t0.31%
\n\t\t\t0.88%
\n\t\t\t3.01%
\n\t\tHurunui District
\n\t\t\t$691,664
\n\t\t\t0.53%
\n\t\t\t0.94%
\n\t\t\t1.82%
\n\t\tWaimakariri District
\n\t\t\t$779,026
\n\t\t\t0.19%
\n\t\t\t0.41%
\n\t\t\t4.06%
\n\t\tChristchurch City
\n\t\t\t$702,359
\n\t\t\t0.44%
\n\t\t\t1.40%
\n\t\t\t3.16%
\n\t\tSelwyn District
\n\t\t\t$886,751
\n\t\t\t-0.03%
\n\t\t\t-0.23%
\n\t\t\t2.73%
\n\t\tAshburton District
\n\t\t\t$585,475
\n\t\t\t0.51%
\n\t\t\t0.46%
\n\t\t\t4.48%
\n\t\tTimaru District
\n\t\t\t$528,847
\n\t\t\t-0.19%
\n\t\t\t-0.54%
\n\t\t\t0.54%
\n\t\tMackenzie District
\n\t\t\t$733,435
\n\t\t\t0.48%
\n\t\t\t1.03%
\n\t\t\t1.98%
\n\t\tWaimate District
\n\t\t\t$509,100
\n\t\t\t0.00%
\n\t\t\t-0.51%
\n\t\t\t1.57%
\n\t\tOtago Region
\n\t\t\t$738,870
\n\t\t\t0.24%
\n\t\t\t0.24%
\n\t\t\t3.78%
\n\t\tWaitaki District
\n\t\t\t$490,111
\n\t\t\t0.86%
\n\t\t\t0.06%
\n\t\t\t-1.69%
\n\t\tCentral Otago District
\n\t\t\t$940,188
\n\t\t\t0.33%
\n\t\t\t1.59%
\n\t\t\t4.19%
\n\t\tQueenstown-Lakes District
\n\t\t\t$1,757,937
\n\t\t\t0.18%
\n\t\t\t-0.38%
\n\t\t\t5.07%
\n\t\tDunedin City
\n\t\t\t$629,469
\n\t\t\t0.22%
\n\t\t\t0.81%
\n\t\t\t2.74%
\n\t\tClutha District
\n\t\t\t$436,876
\n\t\t\t0.21%
\n\t\t\t-0.57%
\n\t\t\t4.11%
\n\t\tSouthland Region
\n\t\t\t$535,642
\n\t\t\t0.55%
\n\t\t\t2.04%
\n\t\t\t8.36%
\n\t\tSouthland District
\n\t\t\t$615,731
\n\t\t\t1.15%
\n\t\t\t3.24%
\n\t\t\t11.55%
\n\t\tGore District
\n\t\t\t$481,466
\n\t\t\t0.14%
\n\t\t\t1.59%
\n\t\t\t3.86%
\n\t\tInvercargill City
\n\t\t\t$523,472
\n\t\t\t0.32%
\n\t\t\t1.51%
\n\t\t\t7.58%<\/p>\n
![\"\"](\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2025\/09\/1757538248_305_what-do-you-think-21.jpg\")
<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"New Zealand housing values are treading water, according to property data company Cotality. The Cotality Home Value Index…\n","protected":false},"author":2,"featured_media":459767,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-459766","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\/459766","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=459766"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/459766\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/459767"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=459766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=459766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=459766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}