16/09/2026
THE PROPERTY MARKET – WHERE ARE WE NOW?
A steady market, selective buyers & a window of opportunity before the election.
If you’ve been wondering what is actually happening in the property market, the latest numbers provide some useful perspective.
The Real Estate Institute of New Zealand August figures show a market that is holding relatively steady on price, but with fewer sales taking place. The national median price was $750,000, down 1.3% compared with August last year, while national sales volumes were down 13%.
At first glance, fewer sales might sound concerning. We see it differently.
BUYERS ARE STILL BUYING – BUT THEY ARE BEING SELECTIVE
What we are seeing on the ground is a clear distinction between property that simply comes to market and property that is genuinely well positioned.
There is strong interest in quality, established homes that are:
Well presented
In good, sought-after locations
Freestanding rather than compromised by complex ownership structures
Well maintained
Offering good space, functionality and liveability
Priced realistically for today's market
These properties are continuing to attract genuine buyers.
The market isn't short of buyers – it is short of buyers willing to compromise.
That makes quality and positioning more important than ever.
THE NORTH & SOUTH ARE TELLING DIFFERENT STORIES
One of the key themes in the latest REINZ report is the continued divergence between regions. Some areas are showing more resilience than others, reinforcing the importance of looking at what is happening locally, rather than relying solely on national headlines.
For Auckland buyers and sellers, the headline national numbers only tell part of the story.
Our local buyer feedback, enquiry levels, open-home attendance and competition between purchasers are often a much better indicator of what is happening with a particular property.
A GOOD WINDOW BEFORE THE ELECTION
With the General Election scheduled for 7 November, we believe the weeks ahead present an interesting window for both buyers and sellers.
There is still time to make decisions, negotiate, secure finance, prepare a property properly and complete a transaction before the election.
For sellers, that means getting ahead of the market rather than waiting for everyone else to make the same decision.
For buyers, it means there is still plenty of choice and an opportunity to negotiate on properties where the seller is genuinely motivated.
We don't believe the answer is simply "wait and see".
Every property, every buyer and every seller has a different set of circumstances. The opportunity is in understanding the market and making the right move for you.
FOR BUYERS – WATCH THIS SPACE
There are some very good homes coming to the market over the next few weeks.
We're particularly excited about some of the properties we have coming up – quality, established homes in good locations that we believe will appeal to buyers looking for something special.
If you're actively looking, now is a good time to make sure you're on our radar.
Keep an eye on our upcoming listings, and if you're looking for a particular type of home, get in touch with us. We may already have something coming that hasn't reached the market yet.
The next few weeks could be worth watching.
WHAT WE'RE SEEING LOCALLY
Our focus continues to be on creating competition around the right properties.
We're seeing particularly strong interest where homes combine presentation, location, quality and freestanding ownership – especially established homes that offer something buyers can immediately recognise as difficult to replicate.
These are the properties buyers are prepared to compete for.
That doesn't mean every home will attract multiple offers or an auction room full of bidders. It does mean that getting the fundamentals right matters more than ever.
Presentation. Positioning. Promotion. Buyer management. Timing.
The right strategy can make a significant difference.
OUR VIEW
We remain positive about the opportunities in front of us.
The market doesn't need to be booming for buyers and sellers to do well.
In fact, markets like this can create some of the best opportunities – particularly for buyers who are prepared to act and sellers who understand how to position their property correctly.
The market is moving. Buyers are watching. Quality is standing out.
And with the election still ahead, we believe there is a valuable window to make your move.
If you're considering buying, selling or simply want to understand what your property could realistically achieve in today's market, we'd be happy to have a confidential conversation.
Strategy First. Results Follow.
Andrew Lochore
Lead Strategist | Ray White Birkenhead
Andrew & Co
Local knowledge. Global reach.
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