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Market status
NZ property prices are in a holding pattern — broadly flat to slightly down year-on-year. Selective recovery in strong regions like Otago and Bay of Plenty.
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Interest rates
OCR cuts through 2025 have brought mortgage rates down. 1-year fixed rates around 5.5–6.5%, supporting buyer confidence into 2026.
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Best time to sell?
Periods of stable prices and higher stock — like 2026 — favour prepared sellers with well-presented homes in sought-after locations.
All regions
Median prices by region
REINZ median sale prices — June 2026. Annual change shown.
Auckland
$980,000
↑ +1.5%
12-month change
Bay of Plenty
$850,000
↑ +2.1%
12-month change
Wellington
$720,000
↓ -1.2%
12-month change
Canterbury
$680,000
↑ +0.8%
12-month change
Waikato
$718,000
↑ +0.5%
12-month change
Hawke's Bay
$620,000
↑ +1.1%
12-month change
Otago
$660,000
↑ +2.4%
12-month change
Northland
$580,000
→ -0.3%
12-month change
Nelson/Marlborough
$640,000
↑ +0.6%
12-month change
Manawatu-Whanganui
$520,000
↑ +1.8%
12-month change
Taranaki
$510,000
↑ +0.9%
12-month change
Southland
$430,000
↑ +3.1%
12-month change
Bay of Plenty focus
Tauranga suburb breakdown
Estimated median values by Tauranga suburb — 2026.
Mount Maunganui
$1,150,000
↑ +2.1%
Matua
$1,080,000
↑ +1.8%
Pyes Pa
$1,050,000
↑ +2.4%
Bethlehem
$980,000
↑ +1.5%
Otumoetai
$920,000
↑ +1.2%
Papamoa
$840,000
↑ +2.8%
Welcome Bay
$720,000
↑ +0.9%
Greerton
$700,000
↑ +0.7%
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Data sources: REINZ median sale prices (June 2026), CoreLogic Home Value Index (January 2026), QV House Price Index. Regional figures are approximate medians and may vary month to month. Tauranga suburb data is estimated based on available market intelligence and QuickEstimate's proprietary analysis. This page is for general information purposes only and does not constitute financial or property advice.