Average house price nz. As of June 2024, the average is NZD 927,284, up by 1.

Average house price nz nz data. , an unusually large representation of high-end housing sales) rather than changes in the true market value. This is up from $223,500 10 years earlier. 6%). The REINZ median house price gives you an idea of what buyers are paying for listed properties in the current market. 6 days ago · The price of residential property in New Zealand was the highest in the Auckland region in December 2024, with an average sale price of around one million New Zealand dollars. 9% to $969,000 in the last three months. According to REINZ, Auckland's median sale price in April 2023 was $995,000 - down 15% year-on-year, and down 0. 14 A$ (5,178. 98 a week and the average take home pay was NZ$365. Meanwhile, Quotable Value's house price index for November showed that the decreases in houses prices had slowed - falling 2. Strong demand from owner occupiers saw Invercargill City achieve a record median house price of $318,000 in August, up 36. This chart tracks the change in the monthly median house price, from its level one year ago. 098 million in the third quarter of 2025. This is up from $418,000 10 years earlier. That means that the median Hawke's Bay property increased in value by 9. As of June 2024, the average is NZD 927,284, up by 1. Hutt Valley is now approx $333,000 and Tauranga is $370,000. 84% each year, or $43,700 on average. That means that Takaka's median house price is 77% of Tasman’s median. The property information provides a comprehensive view, including data such as the condition of the roof and the size of the section. co. The median sale price in Dunedin city for June 2023 was 11,58%, down from June 2022. Use Core Logic’s handy mapping the market tool as it tracks the median house prices across every suburb in Ōtautahi Christchurch, allowing you to compare affordability in different parts of the city and how house prices have changed over time. In fact, when adjusted for inflation, nationwide house prices actually How much you pay for a house in New Zealand will depend on where you are looking to buy. This March marked the first time in over a year that the average nationwide property price increased, which could indicate we’re at the end of the downturn. Driving the overall rise in the region are strong showings in Auckland’s North Shore and Manukau districts (both up 0. 47% in the prior year, based on figures from the Real Estate Institute of New Zealand (REINZ). Over the last 24 months (Dec 2022 - Dec 2024), Sunshine Bay had the fastest-growing house prices in all of Otago, at 8% per year. Dec 18, 2024 · As at December 2024, the median house price in Auckland is $1,000,000. This differs from what most people call the ‘average’ price. Seatoun came in with a $1. So, if in 2010 you’d exchanged your median house for 195 ounces of gold and then wished to buy back your house today, you’d have to cough up 247-195=52 ounces of gold extra. New Zealand’s housing market is on a roll, with every region bar one recording quarterly value growth. View Wanaka market insights for the last 12 months. Mar 6, 2024 · The least expensive suburb in Taranaki is Patea, which has a median house price of $277,400 and is located in the South Taranaki District district. Leave a Reply Cancel reply Feb 1, 2023 · This graph shows the median house price. 5% year-on-year to NZ$1,000,000. 3% lower than the same month last year and $115,000 below their March 2022 peak. . 3 percent to $1,000,000. This figure is from the last 12 months and the percentage comparison is to previous 12 months. That means that the median Gisborne property increased in value by 9. 7% to $779,830 between December 2022 and December 2023. 00 NZD in 2026 and 948260. New Zealand house prices grew 1. 9 percent nationally over the three months ending in November, in contrast with the 3. Choose to see results for all of New Zealand or filter by Territorial Authority or suburb. 52 A$ (6,205. 13 million New Zealand dollars. 87% from last year 1. 32M median HomesEstimate, followed by Kelburn at $1. House Price Index YoY in New Zealand averaged 5. For all you… This graph gives a snapshot of average house prices across the country in June 2008. In November, the New Zealand property market experienced a wave of confidence, as evidenced by the latest figures from the Real Estate Institute of New Zealand (REINZ). That means that the median Canterbury property increased in value by 5. House Feb 1, 2023 · This graph shows the median house price. Jul 6, 2021 · The driver of housing unaffordability now is house prices. 16 Percent from 1971 until 2024, reaching an all time high of 43. Mar 4, 2023 · New Zealand house values have fallen 11. Today, Hamilton house prices are down 13. According to the January 2024 monthly property report from the Real Estate Institute of New Zealand (REINZ), median residential property prices across New Zealand decreased by 0. 9 percent As at November 2024, the median house price in Gisborne is $635,000. Over the last 24 months (Dec 2022 - Dec 2024), Waitara had the fastest-growing house prices in all of Taranaki, at 1% per year. Since 2003, amongst the main centres, Hamilton has seen the largest increase in average property values, of 330% - followed by Dunedin at 298%, Auckland 287%, Wellington 282%, Tauranga 277%, and Christchurch 236%. This figure is a good representation of the average house price in Dunedin. 6% drop in each of the previous two months. 5% p. The chart below shows the change in Greater Wellington's median sale price since August 2020, using figures from REINZ. The average price of residential property in North Shore City, New Zealand was the highest in Auckland in September 2024, with an average sale price of around 1. 04% since the bottom of the market. Upmarket Waterside Villa 0 200,000 400,000 600,000 800,000 Median sale price for houses in New Zealand By property House, Measure: Median sale price Number of bedrooms. 5%). In the long-term, the New Zealand Residential Average Sale Price is projected to trend around 929667. 27% each year, or $31,900 on average. December 2024 Our latest QV House Price Index shows residential property values edged upwards by an average of just 0. However, it is almost $200,000 below Auckland's ($995,000). This reflects structural drivers in the housing market, such as regulations around zoning and tax settings, as well as cyclical factors. Real Oct 31, 2024 · Graph and download economic data for Real Residential Property Prices for New Zealand (QNZR628BIS) from Q2 1962 to Q2 2024 about New Zealand, residential, HPI, housing, real, price index, indexes, and price. The latest QV House Price Index shows that home values have slipped by an average of 2. for Tauranga. Over the last 24 months (Dec 2022 - Dec 2024), St Arnaud had the fastest-growing house prices in all of Tasman, at 0% per year. See a breakdown of average house prices, average weekly rent and gross yield for three-bedroom properties across Auckland in December 2024. House prices started out 37% below the eventual peak of the market. That means that Mataura's median house price is 49% of Southland’s median. That means that Toi Toi's median house price is 83% of Nelson’s median. That means that Owaka's median house price is 54% of Otago’s median. Christchurch saw the strongest growth. Dec 12, 2024 · The average residential house price in New Zealand was at around 908,000 New Zealand dollars as at November 2024. 10% since the bottom of the market. 3%, or NZD 134,000, since last year 6. After a period of volatility, sales volumes climbed steadily from 2000 to a peak in 2003, then began to Median house price has gone up to NZ$460k (11/2015) while gold is trading at NZ$1860/oz (07/2016) making a ratio of 247 ounces of gold to buy a median house. Using the CoreLogic Home Value Index, the Mapping the Market tool provides a national overview of each suburb's current median value and quarterly and annual change in values. REINZ November 2024 Data: Activity Heats Up While Prices Remain Cool. 3 percent quarterly home value increase reported at the end of November. The city's average price rose 40. Over the last 24 months (Dec 2022 - Dec 2024), Kaikohe had the fastest-growing house prices in all of Northland, at 3% per These median house prices can be adjusted using the RBNZ Inflation Calculator to derive 'real' 2016 prices. New Zealand’s average house price has increased and values through 2024 are tipped to increase slowly and steadily, however, recent growth rates have seen a “slight stalling”. As of September The least expensive suburb in Northland is Kaikohe, which has a median house price of $377,250 and is located in the Far North District district. 76 3 bed apartment in city centre: $2,434. The average value of New Zealand homes increased by $3408 in October to $908,853, according to the CoreLogic House Price Index. Sep 5, 2024 · For many Kiwis, buying a house in New Zealand feels like an unattainable dream. 2% more than the same time last year. New Zealand has a quarterly house price index, available from the Reserve Bank of New Zealand. That means that the median Auckland property increased in value by 3. 701 bed apartment outside the city centre: $1,210. That means that the median Waikato property increased in value by 7. The most Our latest QV House Price Index shows residential property values edged upwards by an average of just 0. House prices started out 32% below the eventual peak of the market. According to the QV House Price Index, the average value of New Zealand homes was $934,761 in January, down by $10,006 (-1. Over the last 12 months this has increased by 1. Today, the median house across New Zealand costs $820,000. This is up from $300,200 10 years earlier. Average asking price of homes for sale on Realestate. for Hutt Valley and approx 8. Over the last 24 months (Dec 2022 - Dec 2024), Cobden had the fastest-growing house prices in all of West Coast, at 10% per year. According to Real Estate Institute of New Zealand (REINZ) the median sale price of a New Zealand property, excluding Auckland, was $600,000 for the month of October 2020. 11 percent from 2008 until 2024, reaching an all time high of 28. In January 2021 the average price was $560,000. The most affordable average house price on this list is $705,000. New data from realestate. Data on median and average house prices is open standard’ for New Zealand house price analysis, Jen Baird, Chief Executive at REINZ, says: MARCH 2024 RESULTS Data on median and average house prices is open standard’ for New Zealand house price analysis, Jen Baird, Chief Executive at REINZ, says: MARCH 2024 RESULTS The chart above shows the spike in real prices and then the relative decline, despite a blip up in the late 1980s. Mar 6, 2024 · The least expensive suburb in Nelson is Toi Toi, which has a median house price of $543,150. This Index was developed by the RBNZ, stratifying the REINZ data to give an average sale price for common groups. According to data from REINZ, house values have increased markedly over the past few years in North Island towns. Aug 30, 2023 · The New Zealand national median rent in May 2023 is NZ$610 per week. 15: 7. 3% year-on-year in December 2024, following a 0. In Auckland, that figure pushes up to $1,000,000. That figure represents a decline of As at November 2024, the median house price in Wellington is $773,000. 1% nationally in the December quarter. Property values are up 15. That means that the median Bay of Plenty property increased in value by 7. The average pre-tax income was NZ$485. Jan 16, 2024 · The latest Quotable Value House Price Index shows home values increased across all of the main urban centres monitored but at very subdued levels. Mar 1, 2023 · House Prices; New Zealand median house price; 4 min read 28 Feb 2023. This is up from $687,500 10 years earlier. Mar 14, 2024 · As at December 2024, the median house price in Manawatu-Whanganui is $542,500. For all you… New Zealand’s housing market has started 2023 on the backfoot, with the nationwide average property value falling $118,000 in the last 12 months to $977,000, new OneRoof figures show. The city's average price rose The prices above are monthly average property prices from The Real Estate Institute of New Zealand (REINZ). 00 NZD by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Jan 13, 2022 · Christchurch saw the strongest growth. Source: Real Estate Institute of New Zealand. Apr 23, 2024 · The average house price in NZ is $885,100, as of March 202 4 - that’s 2. 41. According to the Real Estate Institute of New Zealand (REINZ), the median house price in New Zealand was $359,000 and has continued to steadily climb for a decade. The smallest increase in average house price this quarter occurred in Wellington’s southern suburbs (5. The average price is now $785,000. 07% each year, or $41,480 on average. 3% less than at the start of 2024 and 15. 28% each year, or $28,100 on average. CoreLogic NZ Chief Property Economist, Kelvin Davidson said at $928,656, average values were still approximately $200,000 higher than the pre-COVID level (March 2020). 17/12/2024. Sep 1, 2024 · The latest figures from the OneRoof-Valocity House Value Index suggest buyers still have the upper hand – for now. Perfect for buyers and investors looking to navigate the housing market with current data and… Data on median and average house prices is open to being skewed by market composition changes. The average home costs NZ$1,080,000 in Auckland City and only NZ$820,000 in Franklin District in June 2023. However, after that peak in November 2021, house prices fell 17. A detached house with three bedrooms, a bathroom, and 1-car parking in Auckland sells for an average of NZ$1,000,000 (-12. Average House Prices in New Zealand is expected to be 941379. Want to see the most recent numbers for your specific council area? Dec 20, 2022 · As of the latest REINZ report, the median house price in New Zealand in June 2023 was NZ$780,000, or approximately US$474,000. 65 In Barfoot and Thompson’s July 2017 update, their average property sale price was $908,000 for Auckland. ” Sep 9, 2019 · Which suburb in the Wellington region has the highest Median HomesEstimate? Oriental Bay on top with an average of $1. From the selection displayed, the Tenancy Services Division figures show that in Christchurch the most expensive average rent for a two bedroomed house is in Christchurch Central / Hagley costing $495 per week. 5% since market peak. Read the latest Real Estate Data and statistics for the NZ Property Market from the OneRoof Insights team. New Zealand house prices. Monthly median house prices are published by the Real Estate Institute of New Zealand (REINZ), which also publishes residential market news. It therefore avoids the distortions that arise when there are sudden shifts in the The least expensive suburb in Tasman is Takaka, which has a median house price of $640,150. 82% each year, or $31,250 on average. Auckland’s median house price increased by 16. 72 Percent in the second quarter of 1974 and a record low of -11. Applying the inflation deflator and recalculating all prices to 2016 levels does smooth out some of the rise. After a punishing year-and-a-half of house price falls and interest rate rises, the tide appears to have firmly turned for New Zealand’s housing market, with the nationwide average property value recording quarterly growth for the second month in a row. 3 per cent ($22,000) to $950,000 in the three months to the end of May, as successive interest House price index in New Zealand decreased by 0. 27 NZ$) Which suburb in Hamilton has the highest Median HomesEstimate? Rotokauri on top with an average of $859k. 7% to $956,000 in the three months to the end of August, while Auckland’s average property value dropped to its lowest point in three-and-a-half years. Median asking price supplied from realestate. Auckland house prices were the highest of all the metropolitan areas, but they were surpassed by those in the Queenstown Lakes district. Jun 8, 2022 · Figure 1. 8M. Nominal and inflation-adjusted ('real') New Zealand There are advantages and disadvantages for reporting the median, but over time it has become common practice worldwide to report market benchmark prices as the median. This page provides - New Zealand House Prices MoM Change - actual values, historical data, forecast, chart, statistics, economic calendar and news. Signs downturn may be losing its momentum as rate of house price declines eases. 3 percent compared to the same month of the Jan 21, 2023 · In New Zealand, the rent for a three-bedroom house ranges from NZ$2,269 to NZ$2,830. New Zealand house prices are expected to continue cooling by roughly 1% each month until 2023, Selected price indexes (SPI) provide monthly price changes for a selection of goods and services that New Zealand households purchase. Auckland topped the median price list once more, increasing 1. The nominal run-up in house prices is familiar and quite spectacular. 72% before bottoming out in June 2023. According to the data from REINZ, Wellington Region median house prices have risen by over 12 percent in the last 12 months to August 2020. View Cambridge market insights for the last 12 months. 7% from the same time last year and the first time the city has exceeded the $600,000 mark. Find the average house prices per suburb, average property price growth each month and more. Nonetheless, in 2022, the country's house price to income ratio trended downwards. The latest OneRoof figures also New Zealand’s post-slump recovery is losing momentum, with the nationwide average property value down 0. 43% compared to their peak. It’s a n all-time high number. the required income to buy the average house in New Zealand was $66,812 Median asking price supplied from realestate. View Ashburton market insights for the last 12 months. 4 percent over the past year. Feb 3, 2008 · Lower Hutt house prices were approx $12,000 and Tauranga prices were $13,000 approx. For all you… The QV House Price Index measures house price movement throughout New Zealand, providing an indicator of capital growth and how prices are trending in your area. Author: Ed McKnight. $1,000,000 Mar 1, 2023 · This graph shows the median house price. Both measures are valid ways to gauge the worth of your property. The quarterly lift in Greater Auckland takes the region’s average property value back to March 2021 levels. The top graph shows the annual volume of house sales transacted by real estate agents from 1995 to 2007. Feb 23, 2023 · Lore tells us that a property's value doubles every 10 years, but whether this is true depends on where you live. That is the middle number of a series. But the overall property value fell by 12. The nationwide average property value is $958,000, while the median sale price is $780,00, but prices tend to vary from region to region, and city to city. That means that Patea's median house price is 47% of Taranaki’s median. View Rolleston market insights for the last 12 months. Mar 6, 2024 · The least expensive suburb in Otago is Owaka, which has a median house price of $380,650 and is located in the Clutha District district. Similarly, the average price of buying a property in the city center is NZ$9,444 and NZ$7,234 per square meter as you move further out of the city. The Residential House Values table provides a summary of the average house values in your nominated region. The data is sourced from the REINZ, and is disclosed regionally. Feb 5, 2024 · In comparison, Auckland’s average property value is only $1. Their August 2020 report noted that, “In August, the Wellington region remained active and saw an increase in median prices to $720,000, up 12. 75% p. As an example, assume there are 11 houses sold in a month with a price range of $200,000 to $300,000 and an average price of $250,000. New Zealand; Price to Income Ratio: 8. Oct 11, 2024 · The average house price in New Zealand is $927,284 as at Jun 2024. 14% each year, or $34,700 on average. 23M. Karaka Bays still relatively high sitting at $1. That means that Kaikohe's median house price is 52% of Northland’s median. Mar 7, 2021 · The median US house price has appreciated just five times since Dec 1980 while the Dow Jones Industrial Average has risen by 33 times, the S&P 500 Index 28 times and the Nasdaq by a massive 64 times. 00 NZD in 2027, according to our econometric Dec 17, 2024 · What is the average house price in New Zealand? Find out the average house prices by council area in New Zealand in 2025. Dunedin City reached a record median house price of $607,095 in November 2020, up 16. Here's everything you need to know including what factors make house values go up. Oct 14, 2024 · House prices in New Zealand, % change 1 yr. 8% over the quarter) and Auckland City (0. $1,750,000 The least expensive suburb in West Coast is Runanga, which has a median house price of $288,450 and is located in the Grey District district. 6% in March, 8. 85% compared to their peak. The national median house price rose by a minuscule 0. Residential Sales Prices. 563 bed apartment outside the city centre: $1,966. This is up from $426,000 10 years earlier. Today’s latest OneRoof-Valocity House Index showed New Zealand’s average property value fell 2. 70 percent in May of 2023. The nationwide average property value jumped 2% ($19,000 Aug 7, 2023 · Average house prices in Dunedin in 2023 “Typical house situation in Dunedin” According to Reinz’s monthly report, the median sale price in Dunedin was $585,000 in June 2023. There were 25 sales over $1,000,000 and 50 over $900,000. New Zealand house prices remained subdued for the sixth month in a row, but aggressive cuts in mortgage rates and a lift in buyer sentiment suggest the market will improve before the end of the year. Rental market data are freely available from the Massey University Real Estate Analysis Unit. 1% nationwide in the 12 months to the end of September 2022. Real house prices did not recover to their 1975 highs until 1996, thanks to inflation. 13% each year, or $37,000 on average. Nov 10, 2022 · With the median house price soaring to $1,040,000 from $586,000 a decade ago, it showcases a significant appreciation in property values. The current average house prices in New Zealand are changing. 16 January 2025 Selected price indexes: November 2024 As at November 2024, the median house price in Bay of Plenty is $825,000. acceleration in New Zealand house prices; house price inflation in New Zealand has been higher than the corresponding average measure for the OECD (Figure 1c) after the Global Financial Crisis (GFC). 9 percent compared to December of the Sep 6, 2023 · Areas with cheapest house prices: Waitemata Harbour; Maraetai; Waiuku; Pukekohe; Waitakere; In 2023, Auckland‘s median price decreased by 12. YoY growth data is updated quarterly, available from Dec 1990 to Jun 2024, with an average growth rate of 5. Explore insights for popular suburbs: Dec 14, 2022 · It said the median house price dropped $10,000 to $810,000 from October, with prices down 12. The house prices in the above table are derived from CoreLogic, which provides data and analysis for state-owned valuer Quotable Value. Mar 6, 2024 · As at November 2024, the median house price in Hawke's Bay is $715,000. 2% below the market’s peak just over three years ago. That means that Runanga's median house price is 75% of West Coast’s median. Get the latest median house prices for every region in NZ. For example, the median is Feb 1, 2023 · Whangarei District's median house prices Author : Ed McKnight Our Resident Economist, with a GradDipEcon and over five years at Opes Partners, is a trusted contributor to NZ Property Investor, Informed Investor, Stuff, Business Desk, and OneRoof. Average dwelling values were up in most parts of the country, with the biggest monthly increase of $38,678 occurring in Banks Peninsular. The average home value increased nationally by 0. Although the REINZ series is more volatile than the QV equivalent, there is a highly positive correlation between the two series. Cumulative growth in the national average property value – CoreLogic House Price Index. The REINZ series is more current and offers an earlier indication of market trends. 2% quarter on quarter change. nz shows that more than half of New Zealand's 76 districts saw annual average asking prices more than double in the 10 years between 2013 and 2022. 2% decline from June 2022. The REINZ HPI was developed in partnership with the Reserve Bank of New Zealand, to provide a level of detail and understanding of the true movements of housing values over time. New Zealand’s average property value fell 1. That means prices have risen 7. As at December 2024, the median house price in Waikato is $725,000. Be careful when you see other house price reports - they often report 'average', and this can be moved more easily by a few outlier prices especially when volumes are low. 5%, on the month before. The REINZ House Price Index. The average value of New Zealand homes is declining by about $10,000 a month, according to Quotable Value (QV). "It's a huge, a huge increase for a year. 15 million. Today, the median house price in New Zealand hovers around $775,000 (REINZ, December 2024). 24% before bottoming out in May 2023. 40 percent in November of 2021 and a record low of -13. This is an 8. Nov 1, 2022 · Expert analysis of the New Zealand Property Market including Real Estate Trends and House Price Reports. The OneRoof-Valocity figures showed quarterly value drops in 10 regions – up from the three recorded in last month’s house price report. The 'median price' is the middle price. 4 percent on a year ago. Feb 1, 2023 · Find out the median house price for your chosen region and see how it's been changing over time. Managing Director Peter Thompson said, “Despite fewer new listings, by the end of the month we had 4088 available listings, 36 percent higher when compared to July last year and down only 5 percent from June. 87%. 2 percent. New Zealand house prices will take less than two years to return to their post-Covid peaks from current levels, new figures suggest. 3%. The bottom graph shows the median sale price for houses over the same period. 1%) since January last year. As of June 2021, the national median house price reached a soaring $820,000, a huge increase since 2011, with the average house prices in Auckland reaching $1. This data is updated monthly and you can compare the percentage change in average values between your two selected time periods. 324m, with just a 0. Harrowfield came in at $831k, and Huntington came in at $795k. NZD. Places like Auckland have higher prices, at NZD 1,263,937, which makes it very costly 1. Why do property analysts use the median over the average? There are technical reasons why the median provides a more accurate picture of what is happening to the prices of houses rather than the average. 22M, with Kaiwharawhara coming in at $1. Back in 1987 the average house price was NZ$88,900. Over the last 24 months (Dec 2022 - Dec 2024), Halfmoon Bay had the fastest-growing house prices in all of Southland, at 5% per The median house price in Christchurch over the year to August 2022 was $678,000. Christchurch house prices by area from 2012 – 2017 are tabled on this page. That means that the median Wellington property increased in value by 6. Wellington's median sale price for April is just above the nationwide median sale price of $780,000 and $137,000 above Canterbury's median sale price, currently $660,000. Return to the NZ House Prices page. g. Residential Property Prices in New Zealand increased 1. For all you… The least expensive suburb in Southland is Mataura, which has a median house price of $256,150 and is located in the Gore District district. This is up from $265,000 10 years earlier. nz dropped by almost $29,000 in October while stock levels were at an almost 10-year high Falling house Oct 13, 2022 · New Zealand’s average home value has recorded its first annual reduction in more than a decade. 5% YoY in the previous quarter. Dec 20, 2024 · Search free Machine Learning (ML) property estimates on 160,000 Christchurch City properties and get detailed information on each of them. Feb 1, 2023 · Nelson City's median house prices Author : Ed McKnight Our Resident Economist, with a GradDipEcon and over five years at Opes Partners, is a trusted contributor to NZ Property Investor, Informed Investor, Stuff, Business Desk, and OneRoof. That means that the median Manawatu-Whanganui property increased in value by 9. It is different from the 'average price' (also known as the 'mean price'). 6 percent throughout the December quarter to $905,070, down from the 2. Queenstown’s prices are so high because it is an international House prices started out 32% below the eventual peak of the market. Over the last 24 months (Dec 2022 - Dec 2024), Bishopdale had the fastest-growing house prices in all of Nelson, at -1% per year. A flurry of high-profile sales at the end of the year in Queenstown-Lakes on the back of strong buyer interest, both locally and from overseas, has cemented the area’s reputation as New Zealand’s most expensive housing market. 20 percent in June of 2024 over the same month in the previous year. However, the downturn may be losing momentum, with data from the OneRoof-Valocity House Value Index showing a slowdown in the rate of decline in some regions Apr 24, 2023 · The rent for a three-bedroom house ranges from NZ$2,400 to NZ$3,200 per month or NZ$600 – NZ$800 per week without utilities and services. Since 1968, average rate od increase is about 8. In major cities, the rent for different house sizes varies and increases to NZ$695 per week. This is up from $345,000 10 years earlier. Jun 1, 2018 · Key information about House Prices Growth. Housing Index in New Zealand decreased to 2292 Points in December from 2306 Points in November of 2024. That means prices have risen 4. 45: New Zealand Edit ; Average Monthly Net Salary (After Tax) 5,602. NZ's average property value drops below the $1m mark. Figures from QV show the average house price went up 28. This means observed changes in these values could be almost entirely due to the changed nature in the underlying sample (e. QV operations manager Paul McCorry said he did not expect prices to keep rising so much. Current Average House Prices. 4% for the quarter, and a massive 24% over the last 12 months − the most of all the main centres. Feb 1, 2023 · This graph shows the median house price. This growth translates to an average annual increase of approximately 5. This is up from $388,000 10 years earlier. a. According to market projections by OneRoof and its data partner Valocity, the nationwide average property value will return to its February 2022 high of $1. 21M, What about the cheaper suburbs? Dec 4, 2024 · Auckland suburb report December 2024 07 January 2025. However, after that peak in February 2022, house prices fell 10. 6% YoY in Jun 2024, following an increase of 2. As of September 2023, the median house price in New Zealand was $785,000, according to the latest report from the Real Estate Institute of New Zealand (REINZ). 2%) and in the west (6. As we approach summer, market activity is on the rise. House prices remain high, even though they’ve been stable in recent months. As at November 2024, the median house price in Canterbury is $699,000. Median sale price; Median listing price; Median rent price; Price trends over the last 12 months, 3 and 10 years; You can also check the property supply for each suburb, including the number of new properties listed for sale or rent, and peek at the most popular property types in the area. Residential Property Prices in New Zealand averaged 9. Book a viewing with a real estate agent. From the selection above, average house values in August 2019 ranged from $460,000 in Palmerston North to $670,100 in Tauranga. 6 days ago · In December 2024, the West Coast region recorded the largest annual change in residential property prices in New Zealand, with an increase of around 24. The CoreLogic House Price Index (HPI) provides a reliable indication of property value movement throughout New Zealand, offering an understanding of property values and how they are changing, and assisting with comparisons between areas. The Residential Sales Prices table gives you a summary of: the number of sales in your nominated region over the past 3 months; the median sales prices of those sales; the percentage difference between the sales prices and latest available capital values Feb 1, 2023 · This graph shows the median house price. 8% year-on-year. Forty years ago, New Zealand house prices were much lower than US house prices, but our prices are now more than 50% higher. 67 Percent in the first quarter of 2023. 1% to $1,050,000. The REINZ housing price index is put together using a technique known as stratification; basically it is an average of sale prices for common groups. Median house price: Median house prices are as reported by the Real Estate Institute of New Zealand. 2 Bedrooms: 6 days ago · In December 2024, the Waitakere City district recorded the largest annual change in residential property prices in Auckland, New Zealand, with a decrease of 7. Historical REINZ House Price Index (HPI) data can be accessed via the Statistics Portal. 71% each year, or $38,000 on average. 2 per cent in 2021, with the new national average hitting $1,053,315. 90%, representing an average gain of $45,400 per year for a median Auckland property. A typical house price in a city like Tauranga is NZ$1,076,000. 6%) since December last year, and down by $129,004 (-$12. Apr 1, 2021 · The latest QV House Price Index shows the average house price across Wellington increased by 3. Browse median sale price, median asking price and median rental price and more insights. 8% on last year. Today, Christchurch house prices are down 4. While homeowners in the wealthiest parts of the country were enjoying value lifts of up $150,000, the overall picture was somewhat gloomier. The average home is now worth $902,414, which is 0. May 20, 2019 · City Average monthly rental costs (NZ$) New Zealand — overall average : 1 bed apartment in city centre: $1,486. May 3, 2023 · Nationally, average values are 10. 63% to NZ$795,000 (US$443,888) in November 2024 from the same period last year, after registering a year-on-year decline of 2. 4 days ago · New Zealand has one of the highest house price to income ratios worldwide. Flagstaff came in at $785k and Rototuna North at $773k, What about the cheaper suburbs? Bader, Te Rapa Park and Enderley are still cheap suburbs for house prices, all sitting at The prices above were recorded during the six months to 31 October 2020. 46 NZ$) 4,675. View Taupo market insights for the last 12 months. tfkuo umdqe ltcb ltpbth gcjh kfjnp rpwhbqy ahqsim mkxvuhmk bqx