Northland regional property market insights

The cost of buying a home in Northland continued its upwards trajectory in December 2024. Our Trade Me Property data shows that the average property price in Northland in December 2024 was $847,950, compared with $833,700 in November. The December figure was also up 0.1% when compared to the year before, when the average cost of a home was $847,250.

Listing volumes from Northland on Trade Me Property were down month-on-month. In December 2024, there were 1,629 Northland homes available for sale Northland homes available for sale on our site, compared to 1,730 in November. However Northland property listing volumes in December 2024 were higher than they were in December 2023, when 1,597 homes were available for sale on our site.

The average cost of renting a home in Northland was $590 in December 2024, according to our data. This was up 1.7% month-on-month, and up 2.6% year-on-year.

The availability of Northland rental properties advertised on Trade Me Property has shown a clear seasonal pattern in recent years. Generally, we see more properties available to rent in Northland during the cooler months, and more demand, and therefore less availability, in spring and summer. In December 2024, there were 440 properties available to rent on Trade Me Property, an increase on the 306 available in December 2023.

Northland is often referred to as “the birthplace of New Zealand”, due to the fact that the Waitangi Treaty Grounds fall within its 13,000 square kilometre area. But not only is Northland a place of huge cultural and historic significance, it’s also known for beautiful archipelagos of islands, dense kauri forests and jaw-dropping waterfalls. The 203,900 people who call Northland home (according to the 2023 census) get to enjoy all of this on their doorsteps, as well as fantastic opportunities for recreation, including tramping, diving and fishing.

Northland itself is made up of the following districts:

• Far North
• Kaipara
• Whangārei

The last of these districts is home to the region’s largest city, Whangārei. This vibrant city, which is the northernmost in Aotearoa, has a population of around 86,000 and is known for bustling shopping districts, a beautiful harbour and diverse and energetic community.

According to data from the Ministry for Business Innovation and Employment (MBIE) from 2018, the School Education industry is the largest employer in Northland, accounting for 5% of all employees. This was followed by cafes, restaurants and takeaway food services, and then hospitals. In total, Northland comprised 3% of Aotearoa’s GDP in 2018, according to MBIE.