Feature article
Bay of Plenty property market update: Coastal confidence in 2026
Why the Bay of Plenty is booming
AI summary
The Bay of Plenty property market is booming, driven by luxury sales that briefly made it NZ's most expensive region. The average asking price is $1.01M, up 6.9% year-on-year, showing strong homeowner equity growth.
For buyers, there is increased choice, with listings up 29% in Whakatāne. Sellers should note that "pool" and "income" are top search terms. The rental market remains solid, with the average weekly rent now at $676, making it a strong region for all property types.
| Metric | Bay of Plenty (Jan 2026) | MoM% Change | YoY% Change | ||||
|---|---|---|---|---|---|---|---|
| Average Asking Price | Average Asking Price | $1.01M | $1.01M | -0.9% MoM | -0.9% MoM | +6.9% YoY | +6.9% YoY |
| Average Weekly Rent | Average Weekly Rent | $676 | $676 | +2.1% MoM | +2.1% MoM | -0.5% YoY | -0.5% YoY |
For buyers: More choice in the eastern Bay
The Bay of Plenty is a diverse region, with heaps to offer its residents.
For sellers: What are people looking for in the Bay?
For homeowners: Tracking your equity
The rental market: Insights for tenants & landlords
Could you see yourself in the Bay of Plenty?
The dream list: Bay of Plenty standouts
Why live in the Bay of Plenty?
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