20/05/2026
Our April market report is live — and the numbers for Mairangi Bay and the Bays are worth reading.
https://www.nishjadav.co.nz/post/market-report-apr-26
While Auckland sales fell 14.8% year-on-year, our local median hit $1,550,000 — up 6.9% on this time last year. Fewer sales, higher prices. That's not a market under pressure. That's a premium suburb doing what premium suburbs do.
A few things we think matter heading into winter:
— Mortgage rates are rising even though the OCR hasn't moved. The 2-year swap rate has climbed 111 basis points since October. Banks are pricing in hikes before they happen.
— Stock is at an 18-year April high across Auckland. Well-priced homes in the right suburbs are standing out. Overpriced ones are sitting.
— Crosslease properties are selling fastest — 36 days median. Freehold on land is commanding the biggest premium — $1,800,000 median across the Bays.
Full report — including a breakdown of what's selling, what it's selling for, and what the rate shift means for you — is on the website.
https://www.nishjadav.co.nz/post/market-report-apr-26
