20/08/2026
**A small rise in Dunedin house prices: good news, bad news - or simply the market doing its job?**
My recent post about Dunedin house values increasing prompted some thoughtful - and understandably mixed - responses.
For someone trying to buy their first home, higher prices can make the goalposts feel as though they are moving. That is real, and it deserves acknowledgement. Buyers naturally want to pay as little as possible, particularly when they are working hard to get a foothold in the market.
But for a homeowner who is selling, an improving market can be welcome news. Their home is often their largest asset, built up through years of mortgage payments, maintenance, improvement and, in many cases, sacrifice.
And of course, most people are both buyer and seller at different points in their lives.
- A buyer generally hopes to secure the lowest sensible price.
- A seller understandably wants the best possible price.
- Someone selling and buying in the same market may find that the overall market movement matters less than the relative value between the home they are leaving and the one they are buying.
Dunedinβs market has recently shown a little more resilience than several larger centres. That does not mean every property has risen, every suburb is the same, or that buyers should throw caution to the wind. It does mean well-presented, correctly priced homes are attracting genuine interest.
My role as a real estate agent is clear; when a homeowner entrusts me with the sale of their property, I work to achieve the best possible price and terms for them. That is not about talking the market up - it is about understanding the market, presenting a property properly, creating competition where possible, and negotiating well.
A healthy property market needs buyers who can participate with confidence and sellers who can realise fair value. Those two things do not have to be mutually exclusive.
What matters is not whether prices are βupβ or βdownβ in a headline - it is what the market means for your particular next move.
Is the New Zealand property market really stalled? Not quite! The latest data from realestate.co.