13/10/2026
The September 2026 data from the REINZ New Zealand Property Report shows national prices easing and the pace of sales slowing, while activity continued and some regional markets performed strongly.
The national median price decreased 2.3% year-on-year to $755,000. Excluding Auckland, however, the median price was unchanged compared with September 2025. The divergence between the North Island and South Island also remained clear: all four South Island series on the REINZ House Price Index increased year-on-year, while all eight North Island series declined.
“Conditions are not moving in one direction. Some markets are performing strongly, particularly in the South Island. For example, Southland has led annual HPI growth for 14 consecutive months. Understanding local differences is essential,” said REINZ Chief Executive Lizzy Ryley.
Read the full New Zealand Property Report: https://bit.ly/4B6uWV6