{"id":553746,"date":"2026-07-31T22:35:24","date_gmt":"2026-07-31T22:35:24","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/553746\/"},"modified":"2026-07-31T22:35:24","modified_gmt":"2026-07-31T22:35:24","slug":"cotality-says-housing-values-are-still-sliding-lower","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/553746\/","title":{"rendered":"Cotality says housing values ‘are still sliding lower’"},"content":{"rendered":"

Housing values slid lower in July, according to property data company Cotality’s Home Value Index.<\/p>\n

The median value of New Zealand residential dwellings was $804,303 in July, down 0.3% compared to June and 1.0% lower than April.<\/p>\n

Around the major regions, median values were down in July month-on-month in Auckland -0.5%, Waikato\u00a0-0.3%, Bay of Plenty -0.4%, Wellington -0.5%, and Otago -0.1%, but were unchanged in Canterbury.<\/p>\n

“Property sales volumes have inched lower so far this year, although they’re still at a relatively normal level, but the stock of listings remains elevated and this is giving buyers the balance of power when it comes to pricing,” Cotality NZ Chief Property Economist Kelvin Davidson said.<\/p>\n

“It’s therefore no surprise that values generally remain sluggish,” he said.<\/p>\n

“The major downturn actually happened back in 2022 and 2023, but it’s been a soggy picture ever since and there’s certainly little sign of any meaningful upturn on the horizon yet.”<\/p>\n

“After all, having seen some optimism emerge that the US-Iran peace deal could prove to be lasting, this has now faded again,” said\u00a0Davidson.<\/p>\n

“Inflation is still problematic and the economic outlook more uncertain than usual.”<\/p>\n

“The Reserve Bank continues to face a delicate balancing act between containing medium term inflation and not undermining the economy, but in the event they’ve already started the process to return the Official Cash Rate back to a more neutral level.”<\/p>\n

“Mortgage rates haven’t moved much in recent weeks, but the likelihood is that some rises are on the cards again in the short term,” Davidson said.<\/p>\n

The table below shows the value movements over one, three and 12 months in all urban districts throughout the country.<\/p>\n

Cotality Home Value Index
\n\t\tJuly 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$804,303
\n\t\t\t-0.3%
\n\t\t\t-1.0%
\n\t\t\t-0.7%
\n\t\tNorthland Region
\n\t\t\t$717,365
\n\t\t\t-0.1%
\n\t\t\t-0.3%
\n\t\t\t-0.5%
\n\t\tFar North District
\n\t\t\t$670,359
\n\t\t\t-0.1%
\n\t\t\t0.4%
\n\t\t\t-0.2%
\n\t\tWhangarei District
\n\t\t\t$731,947
\n\t\t\t0.0%
\n\t\t\t-0.5%
\n\t\t\t-0.9%
\n\t\tKaipara District
\n\t\t\t$768,886
\n\t\t\t-0.6%
\n\t\t\t-0.8%
\n\t\t\t-0.4%
\n\t\tAuckland Region
\n\t\t\t$1,025,112
\n\t\t\t-0.5%
\n\t\t\t-1.4%
\n\t\t\t-2.4%
\n\t\tAuckland – Rodney
\n\t\t\t$1,171,107
\n\t\t\t-0.2%
\n\t\t\t-0.6%
\n\t\t\t-1.4%
\n\t\tAuckland – North Shore
\n\t\t\t$1,262,604
\n\t\t\t-0.6%
\n\t\t\t-2.1%
\n\t\t\t-0.7%
\n\t\tAuckland – Waitakere
\n\t\t\t$889,333
\n\t\t\t-0.6%
\n\t\t\t-2.0%
\n\t\t\t-3.3%
\n\t\tAuckland – City
\n\t\t\t$1,077,947
\n\t\t\t-0.6%
\n\t\t\t-1.4%
\n\t\t\t-3.4%
\n\t\tAuckland – Manukau
\n\t\t\t$944,816
\n\t\t\t-0.6%
\n\t\t\t-1.3%
\n\t\t\t-2.5%
\n\t\tAuckland – Papakura
\n\t\t\t$803,788
\n\t\t\t-0.2%
\n\t\t\t-0.6%
\n\t\t\t-1.4%
\n\t\tAuckland – Franklin
\n\t\t\t$901,924
\n\t\t\t-0.3%
\n\t\t\t-0.1%
\n\t\t\t-1.4%
\n\t\tWaikato Region
\n\t\t\t$780,907
\n\t\t\t-0.3%
\n\t\t\t-0.5%
\n\t\t\t-0.2%
\n\t\tThames-Coromandel District
\n\t\t\t$1,005,665
\n\t\t\t0.1%
\n\t\t\t-1.0%
\n\t\t\t1.6%
\n\t\tHauraki District
\n\t\t\t$631,871
\n\t\t\t0.1%
\n\t\t\t-0.6%
\n\t\t\t-0.4%
\n\t\tWaikato District
\n\t\t\t$923,540
\n\t\t\t-0.5%
\n\t\t\t-0.9%
\n\t\t\t-1.0%
\n\t\tMatamata-Piako District
\n\t\t\t$752,048
\n\t\t\t-1.0%
\n\t\t\t-0.9%
\n\t\t\t-0.4%
\n\t\tHamilton City
\n\t\t\t$735,372
\n\t\t\t-0.2%
\n\t\t\t0.3%
\n\t\t\t-0.4%
\n\t\tWaipa District
\n\t\t\t$914,398
\n\t\t\t-0.4%
\n\t\t\t-0.9%
\n\t\t\t-0.7%
\n\t\tOtorohanga District
\n\t\t\t$632,234
\n\t\t\t-0.6%
\n\t\t\t-1.1%
\n\t\t\t-4.0%
\n\t\tSouth Waikato District
\n\t\t\t$427,239
\n\t\t\t0.5%
\n\t\t\t-0.2%
\n\t\t\t2.4%
\n\t\tWaitomo District
\n\t\t\t$457,440
\n\t\t\t-0.4%
\n\t\t\t-0.8%
\n\t\t\t2.9%
\n\t\tTaupo District
\n\t\t\t$743,444
\n\t\t\t-0.5%
\n\t\t\t-1.2%
\n\t\t\t-0.5%
\n\t\tBay of Plenty Region
\n\t\t\t$859,578
\n\t\t\t-0.4%
\n\t\t\t-0.4%
\n\t\t\t1.3%
\n\t\tWestern Bay of Plenty District
\n\t\t\t$1,069,936
\n\t\t\t0.1%
\n\t\t\t-0.6%
\n\t\t\t0.2%
\n\t\tTauranga City
\n\t\t\t$946,968
\n\t\t\t-0.7%
\n\t\t\t-0.4%
\n\t\t\t2.1%
\n\t\tRotorua District
\n\t\t\t$668,097
\n\t\t\t0.1%
\n\t\t\t0.3%
\n\t\t\t1.8%
\n\t\tWhakatane District
\n\t\t\t$662,071
\n\t\t\t-0.7%
\n\t\t\t-1.4%
\n\t\t\t-1.5%
\n\t\tKawerau District
\n\t\t\t$420,304
\n\t\t\t-0.5%
\n\t\t\t-0.8%
\n\t\t\t2.0%
\n\t\tOpotiki District
\n\t\t\t$551,489
\n\t\t\t-1.4%
\n\t\t\t-2.3%
\n\t\t\t-1.9%
\n\t\tGisborne Region
\n\t\t\t$607,136
\n\t\t\t-0.9%
\n\t\t\t-2.3%
\n\t\t\t2.5%
\n\t\tGisborne District
\n\t\t\t$607,136
\n\t\t\t-0.9%
\n\t\t\t-2.3%
\n\t\t\t2.5%
\n\t\tWairoa District
\n\t\t\t$407,042
\n\t\t\t-0.3%
\n\t\t\t-2.5%
\n\t\t\t-1.0%
\n\t\tHawke’s Bay
\n\t\t\t$670,719
\n\t\t\t-0.4%
\n\t\t\t-2.2%
\n\t\t\t-3.0%
\n\t\tHastings District
\n\t\t\t$705,379
\n\t\t\t-0.5%
\n\t\t\t-2.5%
\n\t\t\t-4.1%
\n\t\tNapier City
\n\t\t\t$686,541
\n\t\t\t-0.1%
\n\t\t\t-1.8%
\n\t\t\t-1.9%
\n\t\tCentral Hawke’s Bay District
\n\t\t\t$565,418
\n\t\t\t-1.0%
\n\t\t\t-2.4%
\n\t\t\t-2.9%
\n\t\tTaranaki Region
\n\t\t\t$640,558
\n\t\t\t0.1%
\n\t\t\t-0.4%
\n\t\t\t-0.6%
\n\t\tNew Plymouth District
\n\t\t\t$703,520
\n\t\t\t0.2%
\n\t\t\t-0.5%
\n\t\t\t-0.5%
\n\t\tStratford District
\n\t\t\t$542,611
\n\t\t\t-0.3%
\n\t\t\t-0.9%
\n\t\t\t-1.1%
\n\t\tSouth Taranaki District
\n\t\t\t$442,755
\n\t\t\t-0.1%
\n\t\t\t0.1%
\n\t\t\t-0.8%
\n\t\tRuapehu District
\n\t\t\t$382,164
\n\t\t\t-0.2%
\n\t\t\t-1.1%
\n\t\t\t-1.2%
\n\t\tManawatu-Whanganui Region
\n\t\t\t$536,312
\n\t\t\t-0.1%
\n\t\t\t-0.9%
\n\t\t\t-0.8%
\n\t\tWhanganui District
\n\t\t\t$498,093
\n\t\t\t-0.4%
\n\t\t\t-1.2%
\n\t\t\t0.9%
\n\t\tRangitikei District
\n\t\t\t$434,320
\n\t\t\t-0.4%
\n\t\t\t-1.8%
\n\t\t\t-1.0%
\n\t\tManawatu District
\n\t\t\t$616,390
\n\t\t\t0.1%
\n\t\t\t-1.9%
\n\t\t\t-3.5%
\n\t\tPalmerston North City
\n\t\t\t$606,109
\n\t\t\t-0.1%
\n\t\t\t-0.1%
\n\t\t\t1.3%
\n\t\tTararua District
\n\t\t\t$420,810
\n\t\t\t-0.6%
\n\t\t\t-0.9%
\n\t\t\t-3.5%
\n\t\tHorowhenua District
\n\t\t\t$507,514
\n\t\t\t0.0%
\n\t\t\t-1.2%
\n\t\t\t-4.0%
\n\t\tWellington Region
\n\t\t\t$756,930
\n\t\t\t-0.5%
\n\t\t\t-2.1%
\n\t\t\t-1.9%
\n\t\tKapiti Coast District
\n\t\t\t$793,978
\n\t\t\t-0.2%
\n\t\t\t-1.0%
\n\t\t\t-0.7%
\n\t\tPorirua City
\n\t\t\t$747,328
\n\t\t\t0.0%
\n\t\t\t-1.2%
\n\t\t\t-1.7%
\n\t\tUpper Hutt City
\n\t\t\t$701,400
\n\t\t\t-0.5%
\n\t\t\t-1.6%
\n\t\t\t-1.9%
\n\t\tLower Hutt City
\n\t\t\t$653,490
\n\t\t\t-0.3%
\n\t\t\t-1.2%
\n\t\t\t-3.2%
\n\t\tWellington City
\n\t\t\t$848,139
\n\t\t\t-0.8%
\n\t\t\t-3.1%
\n\t\t\t-1.8%
\n\t\tMasterton District
\n\t\t\t$554,115
\n\t\t\t-0.5%
\n\t\t\t-2.1%
\n\t\t\t-3.1%
\n\t\tCarterton District
\n\t\t\t$662,662
\n\t\t\t-0.2%
\n\t\t\t-1.0%
\n\t\t\t-2.4%
\n\t\tSouth Wairarapa District
\n\t\t\t$765,945
\n\t\t\t0.1%
\n\t\t\t-0.8%
\n\t\t\t1.6%
\n\t\tTasman Nelson Marlborough
\n\t\t\t$755,698
\n\t\t\t-0.2%
\n\t\t\t-1.1%
\n\t\t\t-1.3%
\n\t\tTasman District
\n\t\t\t$870,174
\n\t\t\t0.1%
\n\t\t\t-0.8%
\n\t\t\t-0.6%
\n\t\tNelson City
\n\t\t\t$711,234
\n\t\t\t-0.5%
\n\t\t\t-1.9%
\n\t\t\t-2.2%
\n\t\tMarlborough District
\n\t\t\t$669,985
\n\t\t\t-0.4%
\n\t\t\t-0.7%
\n\t\t\t-1.2%
\n\t\tKaikoura District
\n\t\t\t$723,127
\n\t\t\t0.0%
\n\t\t\t0.6%
\n\t\t\t1.1%
\n\t\tWest Coast Region
\n\t\t\t$447,299
\n\t\t\t-0.8%
\n\t\t\t-0.5%
\n\t\t\t2.4%
\n\t\tBuller District
\n\t\t\t$390,932
\n\t\t\t-0.8%
\n\t\t\t-1.0%
\n\t\t\t-0.6%
\n\t\tGrey District
\n\t\t\t$447,848
\n\t\t\t-1.3%
\n\t\t\t-0.7%
\n\t\t\t1.6%
\n\t\tWestland District
\n\t\t\t$517,827
\n\t\t\t-0.4%
\n\t\t\t0.3%
\n\t\t\t5.9%
\n\t\tCanterbury Region
\n\t\t\t$738,133
\n\t\t\t0.0%
\n\t\t\t0.1%
\n\t\t\t3.3%
\n\t\tHurunui District
\n\t\t\t$736,129
\n\t\t\t0.2%
\n\t\t\t0.9%
\n\t\t\t4.2%
\n\t\tWaimakariri District
\n\t\t\t$782,270
\n\t\t\t0.0%
\n\t\t\t-0.2%
\n\t\t\t3.5%
\n\t\tChristchurch City
\n\t\t\t$732,447
\n\t\t\t0.1%
\n\t\t\t0.2%
\n\t\t\t3.6%
\n\t\tSelwyn District
\n\t\t\t$881,326
\n\t\t\t0.0%
\n\t\t\t-0.4%
\n\t\t\t2.9%
\n\t\tAshburton District
\n\t\t\t$584,982
\n\t\t\t-0.3%
\n\t\t\t-0.7%
\n\t\t\t3.5%
\n\t\tTimaru District
\n\t\t\t$517,602
\n\t\t\t-0.5%
\n\t\t\t-0.5%
\n\t\t\t0.5%
\n\t\tMackenzie District
\n\t\t\t$744,028
\n\t\t\t0.2%
\n\t\t\t0.5%
\n\t\t\t3.7%
\n\t\tWaimate District
\n\t\t\t$507,818
\n\t\t\t0.0%
\n\t\t\t0.3%
\n\t\t\t0.1%
\n\t\tWaitaki District
\n\t\t\t$503,485
\n\t\t\t-0.4%
\n\t\t\t0.6%
\n\t\t\t-0.4%
\n\t\tOtago Region
\n\t\t\t$725,226
\n\t\t\t-0.1%
\n\t\t\t-0.3%
\n\t\t\t2.7%
\n\t\tCentral Otago District
\n\t\t\t$912,992
\n\t\t\t-0.1%
\n\t\t\t-1.3%
\n\t\t\t2.6%
\n\t\tQueenstown-Lakes District
\n\t\t\t$1,691,071
\n\t\t\t-0.4%
\n\t\t\t-0.3%
\n\t\t\t2.7%
\n\t\tDunedin City
\n\t\t\t$623,412
\n\t\t\t0.2%
\n\t\t\t0.0%
\n\t\t\t3.3%
\n\t\tClutha District
\n\t\t\t$443,427
\n\t\t\t0.0%
\n\t\t\t-0.3%
\n\t\t\t1.9%
\n\t\tSouthland Region
\n\t\t\t$560,186
\n\t\t\t0.6%
\n\t\t\t0.8%
\n\t\t\t6.4%
\n\t\tSouthland District
\n\t\t\t$600,047
\n\t\t\t-0.8%
\n\t\t\t-1.0%
\n\t\t\t4.1%
\n\t\tGore District
\n\t\t\t$478,467
\n\t\t\t0.4%
\n\t\t\t0.6%
\n\t\t\t2.4%
\n\t\tInvercargill City
\n\t\t\t$565,397
\n\t\t\t1.2%
\n\t\t\t1.7%
\n\t\t\t8.2%<\/p>\n

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