{"id":628223,"date":"2026-10-12T11:12:19","date_gmt":"2026-10-12T11:12:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/628223\/"},"modified":"2026-10-12T11:12:19","modified_gmt":"2026-10-12T11:12:19","slug":"spring-brings-little-lift-to-nz-house-prices","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/628223\/","title":{"rendered":"Spring brings little lift to NZ house prices"},"content":{"rendered":"

\u201cBuyers remain wary, they\u2019ve still got plenty of choice, and there\u2019s very little sense of urgency given the wider economic and political context. Interest rates and the approaching election are giving people even more reason to take their time and negotiate hard,\u201d he said.\u00a0<\/p>\n

Most cities record falling values\u00a0<\/p>\n

Only three of the main urban areas avoided a clear fall. Values were virtually static in Tauranga (+0.1%) and Invercargill (+0.5%), while Queenstown led with 3.1% growth to an average of $1,994,461.\u00a0<\/p>\n

At the other end, values fell 3.2% in Gisborne, 3% in Wellington and Whang\u0101rei, and 2.5% across Auckland.\u00a0<\/p>\n


\n\t
\n\t\t
\n\t\t\tMain Urban Area
\n\t\t\tAverage Value
\n\t\t\tQuarterly Change
\n\t\t
\n\t
\n\t
\n\t\t
\n\t\t\tWhang\u0101rei
\n\t\t\t$714,675
\n\t\t\t-3.0%
\n\t\t
\n\t\t
\n\t\t\tAuckland Region
\n\t\t\t$1,159,440
\n\t\t\t-2.5%
\n\t\t
\n\t\t
\n\t\t\tTauranga
\n\t\t\t$1,050,221
\n\t\t\t0.1%
\n\t\t
\n\t\t
\n\t\t\tHamilton
\n\t\t\t$776,357
\n\t\t\t-1.2%
\n\t\t
\n\t\t
\n\t\t\tRotorua
\n\t\t\t$664,951
\n\t\t\t-2.5%
\n\t\t
\n\t\t
\n\t\t\tGisborne
\n\t\t\t$594,536
\n\t\t\t-3.2%
\n\t\t
\n\t\t
\n\t\t\tNapier
\n\t\t\t$747,400
\n\t\t\t-0.2%
\n\t\t
\n\t\t
\n\t\t\tHastings
\n\t\t\t$748,014
\n\t\t\t-1.8%
\n\t\t
\n\t\t
\n\t\t\tNew Plymouth
\n\t\t\t$704,175
\n\t\t\t-2.0%
\n\t\t
\n\t\t
\n\t\t\tWhanganui
\n\t\t\t$512,901
\n\t\t\t-0.5%
\n\t\t
\n\t\t
\n\t\t\tPalmerston North
\n\t\t\t$623,588
\n\t\t\t-1.2%
\n\t\t
\n\t\t
\n\t\t\tWellington City
\n\t\t\t$872,174
\n\t\t\t-3.0%
\n\t\t
\n\t\t
\n\t\t\tNelson
\n\t\t\t$772,052
\n\t\t\t-0.2%
\n\t\t
\n\t\t
\n\t\t\tMarlborough
\n\t\t\t$691,856
\n\t\t\t-0.5%
\n\t\t
\n\t\t
\n\t\t\tGreymouth
\n\t\t\t$467,799
\n\t\t\t-1.0%
\n\t\t
\n\t\t
\n\t\t\tChristchurch City
\n\t\t\t$805,275
\n\t\t\t-0.1%
\n\t\t
\n\t\t
\n\t\t\tTimaru
\n\t\t\t$535,957
\n\t\t\t-1.0%
\n\t\t
\n\t\t
\n\t\t\tQueenstown
\n\t\t\t$1,994,461
\n\t\t\t3.1%
\n\t\t
\n\t\t
\n\t\t\tDunedin
\n\t\t\t$652,943
\n\t\t\t-0.7%
\n\t\t
\n\t\t
\n\t\t\tInvercargill
\n\t\t\t$549,973
\n\t\t\t0.5%
\n\t\t
\n\t\t
\n\t\t\tNew Zealand (Average)
\n\t\t\t$892,580
\n\t\t\t-1.5%
\n\t\t
\n\t <\/p>\n

Source: QV<\/p>\n

South Island bucks the national trend\u00a0<\/p>\n

A regional divide is evident. Average values rose across all of Southland and most of Otago this quarter, while Southland is 4.3% higher than at the start of the year. In the Wellington region, Porirua fell furthest, down 5.5% for the quarter and 7.4% on a year earlier.\u00a0<\/p>\n

\u201cThe economic recovery remains uneven and we\u2019re seeing that reflected in property values<\/a>. There really isn\u2019t one consistent housing market right now \u2013 it\u2019s still a patchwork of pluses and minuses, although mostly minuses,\u201d Petersen said.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cBuyers remain wary, they\u2019ve still got plenty of choice, and there\u2019s very little sense of urgency given the…\n","protected":false},"author":2,"featured_media":628224,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[150588,111,43,139,69,308313,6921],"class_list":["post-628223","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-zealand","tag-home-values","tag-new-zealand","tag-news","tag-newzealand","tag-nz","tag-qv-house-price-index","tag-spring"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/628223","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=628223"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/628223\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/628224"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=628223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=628223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=628223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}