{"id":505322,"date":"2026-07-02T00:44:25","date_gmt":"2026-07-02T00:44:25","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/505322\/"},"modified":"2026-07-02T00:44:25","modified_gmt":"2026-07-02T00:44:25","slug":"cotality-says-the-median-dwelling-value-is-slowly-drifting-downwards","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/505322\/","title":{"rendered":"Cotality says the median dwelling value is slowly drifting downwards"},"content":{"rendered":"Residential property values slipped slightly lower in June, according to property data company Cotality.<\/p>\n
The national median value of dwellings was $806,512 in June according to Cotality’s Home Value Index. That’s down 0.2% compared to May, down 0.8% compared to March, down 0.9% compared to June last year and down 17.5% compared to the market peak in 2022.<\/p>\n
Around the main centres, June values were up 0.5% compared to May in Hamilton, with Christchurch and Dunedin both posting a monthly rise of 0.2%.<\/p>\n
Heading in the opposite direction were dwelling values in Tauranga down 0.2%, Wellington 0.4% lower, and Auckland down 0.5%.<\/p>\n
“The key main centres of Auckland and Wellington continue to see sluggish value patterns, restrained by factors such as further growth in housing supply, while other main centres such as Hamilton, Christchurch and Dunedin are edging higher off the back of a stronger economic base,” Cotality NZ Chief Property Economist Kelvin Davidson said.<\/p>\n
Davidson sees a couple of potential bright spots which may help to lift the market.<\/p>\n
“Recent falls in interest rates could be a fillip for buyer confidence and we’re clearly hoping that the US-Iran peace deal will hold,” he said.<\/p>\n
“That would avoid the\u00a0worst outcomes for inflation, mortgage rates and the economy, as well as the obvious human and social costs, but the conflict remains a watching brief,\u00a0Davidson said.<\/p>\n
“Even if the deal does hold, housing conditions are still tilted in buyers’ favour, suggesting little chance of runaway prices anytime soon,” he said.<\/p>\n
The table below shows the median dwelling values in all urban centres throughout the country and their movements over one, three and 12 months.<\/p>\n
Cotality NZ Home Value Index
\n\t\tJune 2026
\n\t\tRegion\/District
\n\t\t\tMedian Dwelling Value
\n\t\t\t1 month change\u00a0
\n\t\t\t3 month change
\n\t\t\t12 month change
\n\t\tNorthland Region
\n\t\t\t$707,994
\n\t\t\t-0.07%
\n\t\t\t-0.05%
\n\t\t\t-1.16%
\n\t\tFar North District
\n\t\t\t$651,463
\n\t\t\t0.07%
\n\t\t\t-0.25%
\n\t\t\t-1.65%
\n\t\tWhangarei District
\n\t\t\t$716,875
\n\t\t\t-0.27%
\n\t\t\t-0.27%
\n\t\t\t-1.13%
\n\t\tKaipara District
\n\t\t\t$825,616
\n\t\t\t0.25%
\n\t\t\t1.05%
\n\t\t\t-0.69%
\n\t\tAuckland Region
\n\t\t\t$1,047,764
\n\t\t\t-0.46%
\n\t\t\t-1.29%
\n\t\t\t-2.79%
\n\t\tAuckland – Rodney
\n\t\t\t$1,202,884
\n\t\t\t-0.78%
\n\t\t\t-0.78%
\n\t\t\t-1.34%
\n\t\tAuckland – North Shore
\n\t\t\t$1,262,274
\n\t\t\t-0.74%
\n\t\t\t-2.44%
\n\t\t\t-1.25%
\n\t\tAuckland – Waitakere
\n\t\t\t$900,441
\n\t\t\t-0.51%
\n\t\t\t-1.32%
\n\t\t\t-2.67%
\n\t\tAuckland – Central
\n\t\t\t$1,100,832
\n\t\t\t-0.31%
\n\t\t\t-1.04%
\n\t\t\t-3.75%
\n\t\tAuckland – Manukau
\n\t\t\t$976,440
\n\t\t\t-0.30%
\n\t\t\t-1.08%
\n\t\t\t-3.06%
\n\t\tAuckland – Papakura
\n\t\t\t$784,164
\n\t\t\t-0.44%
\n\t\t\t-1.13%
\n\t\t\t-3.11%
\n\t\tAuckland – Franklin
\n\t\t\t$926,543
\n\t\t\t-0.27%
\n\t\t\t-0.65%
\n\t\t\t-2.59%
\n\t\tWaikato Region
\n\t\t\t$780,206
\n\t\t\t-0.03%
\n\t\t\t-0.65%
\n\t\t\t-0.36%
\n\t\tThames-Coromandel District
\n\t\t\t$1,025,568
\n\t\t\t-0.23%
\n\t\t\t-0.46%
\n\t\t\t1.53%
\n\t\tHauraki District
\n\t\t\t$595,195
\n\t\t\t-0.74%
\n\t\t\t-2.06%
\n\t\t\t-1.17%
\n\t\tWaikato District
\n\t\t\t$928,759
\n\t\t\t-0.78%
\n\t\t\t-1.83%
\n\t\t\t-0.06%
\n\t\tMatamata-Piako District
\n\t\t\t$730,014
\n\t\t\t0.43%
\n\t\t\t-0.22%
\n\t\t\t0.36%
\n\t\tHamilton City
\n\t\t\t$732,114
\n\t\t\t0.52%
\n\t\t\t-0.02%
\n\t\t\t-1.42%
\n\t\tWaipa District
\n\t\t\t$919,039
\n\t\t\t-0.23%
\n\t\t\t-0.43%
\n\t\t\t-0.62%
\n\t\tOtorohanga District
\n\t\t\t$631,118
\n\t\t\t-0.50%
\n\t\t\t-1.19%
\n\t\t\t-2.13%
\n\t\tSouth Waikato District
\n\t\t\t$438,533
\n\t\t\t-0.09%
\n\t\t\t-0.38%
\n\t\t\t2.06%
\n\t\tWaitomo District
\n\t\t\t$451,181
\n\t\t\t0.44%
\n\t\t\t-0.32%
\n\t\t\t4.07%
\n\t\tTaupo District
\n\t\t\t$749,773
\n\t\t\t0.21%
\n\t\t\t-0.90%
\n\t\t\t-0.58%
\n\t\tBay of Plenty Region
\n\t\t\t$837,828
\n\t\t\t-0.07%
\n\t\t\t-0.16%
\n\t\t\t0.69%
\n\t\tWestern Bay of Plenty District
\n\t\t\t$1,064,635
\n\t\t\t0.29%
\n\t\t\t-0.22%
\n\t\t\t1.41%
\n\t\tTauranga City
\n\t\t\t$929,649
\n\t\t\t-0.21%
\n\t\t\t-0.12%
\n\t\t\t1.24%
\n\t\tRotorua District
\n\t\t\t$644,039
\n\t\t\t0.00%
\n\t\t\t0.11%
\n\t\t\t-0.88%
\n\t\tWhakatane District
\n\t\t\t$675,464
\n\t\t\t-0.06%
\n\t\t\t-0.65%
\n\t\t\t-1.25%
\n\t\tKawerau District
\n\t\t\t$425,913
\n\t\t\t0.28%
\n\t\t\t1.48%
\n\t\t\t2.06%
\n\t\tOpotiki District
\n\t\t\t$580,990
\n\t\t\t-0.28%
\n\t\t\t-0.68%
\n\t\t\t-0.67%
\n\t\tGisborne Region
\n\t\t\t$593,073
\n\t\t\t-0.56%
\n\t\t\t-2.22%
\n\t\t\t1.90%
\n\t\tGisborne District
\n\t\t\t$593,073
\n\t\t\t-0.56%
\n\t\t\t-2.22%
\n\t\t\t1.90%
\n\t\tWairoa District
\n\t\t\t$384,983
\n\t\t\t-0.06%
\n\t\t\t-0.94%
\n\t\t\t-0.40%
\n\t\tHawkes Bay Region
\n\t\t\t$689,381
\n\t\t\t-0.36%
\n\t\t\t-1.94%
\n\t\t\t-3.28%
\n\t\tHastings District
\n\t\t\t$706,529
\n\t\t\t-0.48%
\n\t\t\t-2.67%
\n\t\t\t-4.56%
\n\t\tNapier City
\n\t\t\t$718,262
\n\t\t\t-0.34%
\n\t\t\t-1.24%
\n\t\t\t-2.04%
\n\t\tCentral Hawke’s Bay District
\n\t\t\t$603,526
\n\t\t\t0.17%
\n\t\t\t-1.23%
\n\t\t\t-2.90%
\n\t\tTaranaki Region
\n\t\t\t$642,457
\n\t\t\t-0.10%
\n\t\t\t-0.74%
\n\t\t\t-1.33%
\n\t\tNew Plymouth District
\n\t\t\t$704,632
\n\t\t\t-0.15%
\n\t\t\t-0.75%
\n\t\t\t-1.38%
\n\t\tStratford District
\n\t\t\t$534,028
\n\t\t\t-0.13%
\n\t\t\t-0.93%
\n\t\t\t-0.21%
\n\t\tSouth Taranaki District
\n\t\t\t$457,680
\n\t\t\t0.19%
\n\t\t\t-0.62%
\n\t\t\t-1.61%
\n\t\tManawatu-Whanganui Region
\n\t\t\t$537,408
\n\t\t\t-0.05%
\n\t\t\t-0.44%
\n\t\t\t-0.92%
\n\t\tRuapehu District
\n\t\t\t$381,107
\n\t\t\t-0.52%
\n\t\t\t-1.17%
\n\t\t\t-2.78%
\n\t\tWhanganui District
\n\t\t\t$493,799
\n\t\t\t-0.31%
\n\t\t\t-1.10%
\n\t\t\t0.04%
\n\t\tRangitikei District
\n\t\t\t$434,520
\n\t\t\t-0.58%
\n\t\t\t-1.29%
\n\t\t\t0.04%
\n\t\tManawatu District
\n\t\t\t$628,679
\n\t\t\t0.48%
\n\t\t\t0.93%
\n\t\t\t-2.70%
\n\t\tPalmerston North City
\n\t\t\t$604,104
\n\t\t\t0.08%
\n\t\t\t0.09%
\n\t\t\t1.23%
\n\t\tTararua District
\n\t\t\t$406,451
\n\t\t\t-0.01%
\n\t\t\t0.16%
\n\t\t\t-3.87%
\n\t\tHorowhenua District
\n\t\t\t$518,960
\n\t\t\t-0.21%
\n\t\t\t-1.60%
\n\t\t\t-4.14%
\n\t\tWellington Region
\n\t\t\t$766,695
\n\t\t\t-0.34%
\n\t\t\t-1.14%
\n\t\t\t-1.73%
\n\t\tKapiti Coast District
\n\t\t\t$813,915
\n\t\t\t0.00%
\n\t\t\t-0.28%
\n\t\t\t-1.45%
\n\t\tPorirua City
\n\t\t\t$759,712
\n\t\t\t0.11%
\n\t\t\t-0.37%
\n\t\t\t-2.27%
\n\t\tUpper Hutt City
\n\t\t\t$718,650
\n\t\t\t0.16%
\n\t\t\t-0.76%
\n\t\t\t-1.69%
\n\t\tLower Hutt City
\n\t\t\t$653,398
\n\t\t\t0.13%
\n\t\t\t-0.99%
\n\t\t\t-3.29%
\n\t\tWellington City
\n\t\t\t$861,765
\n\t\t\t-0.85%
\n\t\t\t-1.73%
\n\t\t\t-1.08%
\n\t\tMasterton District
\n\t\t\t$572,783
\n\t\t\t0.00%
\n\t\t\t-1.55%
\n\t\t\t-2.36%
\n\t\tCarterton District
\n\t\t\t$662,300
\n\t\t\t0.19%
\n\t\t\t0.14%
\n\t\t\t-1.55%
\n\t\tSouth Wairarapa District
\n\t\t\t$772,732
\n\t\t\t-0.38%
\n\t\t\t-0.33%
\n\t\t\t-0.11%
\n\t\tTasman Nelson Marlborough
\n\t\t\t$761,195
\n\t\t\t-0.02%
\n\t\t\t-0.45%
\n\t\t\t-1.00%
\n\t\tTasman District
\n\t\t\t$870,216
\n\t\t\t0.20%
\n\t\t\t-0.02%
\n\t\t\t0.60%
\n\t\tNelson City
\n\t\t\t$718,879
\n\t\t\t-1.03%
\n\t\t\t-1.54%
\n\t\t\t-2.08%
\n\t\tMarlborough District
\n\t\t\t$686,904
\n\t\t\t0.71%
\n\t\t\t0.03%
\n\t\t\t-1.91%
\n\t\tKaikoura District
\n\t\t\t$800,447
\n\t\t\t0.86%
\n\t\t\t1.44%
\n\t\t\t2.24%
\n\t\tWest Coast Region
\n\t\t\t$460,754
\n\t\t\t1.44%
\n\t\t\t2.45%
\n\t\t\t5.54%
\n\t\tBuller District
\n\t\t\t$405,591
\n\t\t\t0.53%
\n\t\t\t1.81%
\n\t\t\t0.56%
\n\t\tGrey District
\n\t\t\t$466,903
\n\t\t\t2.06%
\n\t\t\t2.21%
\n\t\t\t6.64%
\n\t\tWestland District
\n\t\t\t$529,888
\n\t\t\t1.50%
\n\t\t\t3.19%
\n\t\t\t8.78%
\n\t\tCanterbury Region
\n\t\t\t$722,375
\n\t\t\t0.21%
\n\t\t\t0.34%
\n\t\t\t2.97%
\n\t\tHurunui District
\n\t\t\t$731,822
\n\t\t\t1.06%
\n\t\t\t1.82%
\n\t\t\t3.68%
\n\t\tWaimakariri District
\n\t\t\t$787,715
\n\t\t\t0.18%
\n\t\t\t0.02%
\n\t\t\t3.61%
\n\t\tChristchurch City
\n\t\t\t$706,382
\n\t\t\t0.17%
\n\t\t\t0.44%
\n\t\t\t3.03%
\n\t\tSelwyn District
\n\t\t\t$882,669
\n\t\t\t0.16%
\n\t\t\t0.07%
\n\t\t\t2.89%
\n\t\tAshburton District
\n\t\t\t$574,433
\n\t\t\t0.24%
\n\t\t\t0.23%
\n\t\t\t4.31%
\n\t\tTimaru District
\n\t\t\t$526,716
\n\t\t\t0.35%
\n\t\t\t-0.10%
\n\t\t\t0.71%
\n\t\tMackenzie District
\n\t\t\t$737,940
\n\t\t\t0.38%
\n\t\t\t1.28%
\n\t\t\t2.75%
\n\t\tWaimate District
\n\t\t\t$521,940
\n\t\t\t1.26%
\n\t\t\t-0.16%
\n\t\t\t1.71%
\n\t\tWaitaki District
\n\t\t\t$506,304
\n\t\t\t0.11%
\n\t\t\t1.74%
\n\t\t\t-0.56%
\n\t\tOtago
\n\t\t\t$744,315
\n\t\t\t-0.07%
\n\t\t\t-0.31%
\n\t\t\t2.81%
\n\t\tCentral Otago District
\n\t\t\t$928,544
\n\t\t\t0.13%
\n\t\t\t0.18%
\n\t\t\t3.88%
\n\t\tQueenstown-Lakes District
\n\t\t\t$1,741,997
\n\t\t\t-0.32%
\n\t\t\t-0.72%
\n\t\t\t3.44%
\n\t\tDunedin City
\n\t\t\t$622,644
\n\t\t\t0.19%
\n\t\t\t-0.17%
\n\t\t\t2.13%
\n\t\tClutha District
\n\t\t\t$474,221
\n\t\t\t0.46%
\n\t\t\t-0.01%
\n\t\t\t2.48%
\n\t\tSouthland Region
\n\t\t\t$533,376
\n\t\t\t0.10%
\n\t\t\t0.61%
\n\t\t\t6.26%
\n\t\tSouthland District
\n\t\t\t$583,368
\n\t\t\t0.83%
\n\t\t\t1.27%
\n\t\t\t7.90%
\n\t\tGore District
\n\t\t\t$473,916
\n\t\t\t-0.06%
\n\t\t\t0.89%
\n\t\t\t2.70%
\n\t\tInvercargill City
\n\t\t\t$535,274
\n\t\t\t-0.16%
\n\t\t\t0.36%
\n\t\t\t6.13%
\n\t\tTotal New Zealand
\n\t\t\t$806,512
\n\t\t\t-0.22%
\n\t\t\t-0.77%
\n\t\t\t-0.91%<\/p>\n
![\"\"](\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2025\/09\/what-do-you-think-31.jpg\")
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