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Auckland de-throned as most expensive property market
Property Pulse Report - January 2026
By Gavin Lloyd 11 December 2025
A decade in the making
National price falls
Regional growth hot spots
| Region | Property Price Index | YoY % change | |||
|---|---|---|---|---|---|
| Auckland | Auckland | $951,550 | $951,550 | -2.6% | -2.6% |
| Bay of Plenty | Bay of Plenty | $963,000 | $963,000 | 8.2% | 8.2% |
| Canterbury | Canterbury | $713,600 | $713,600 | 7.5% | 7.5% |
| Gisborne | Gisborne | $463,100 | $463,100 | -34.2% | -34.2% |
| Hawke's Bay | Hawke's Bay | $742,050 | $742,050 | 4.6% | 4.6% |
| Manawatuū/Whanganui | Manawatuū/Whanganui | $571,000 | $571,000 | 1.3% | 1.3% |
| Marlborough | Marlborough | $725,650 | $725,650 | -5.5% | -5.5% |
| Nelson/Tasman | Nelson/Tasman | $831,000 | $831,000 | 5.5% | 5.5% |
| Northland | Northland | $800,300 | $800,300 | -0.2% | -0.2% |
| Otago | Otago | $877,950 | $877,950 | 5.1% | 5.1% |
| Southland | Southland | $509,600 | $509,600 | 1.6% | 1.6% |
| Taranaki | Taranaki | $664,700 | $664,700 | -3.6% | -3.6% |
| Waikato | Waikato | $808,100 | $808,100 | -0.9% | -0.9% |
| Wellington | Wellington | $727,700 | $727,700 | -5.2% | -5.2% |
| West Coast | West Coast | $469,300 | $469,300 | 4.6% | 4.6% |
Year-on-year change in the Property Price Index
New Zealand property prices are up 1.4% year on year
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