22/04/2026
๐ ๐ฎ๐ฟ๐ฐ๐ต ๐ก๐ผ๐ฟ๐๐ต๐น๐ฎ๐ป๐ฑ ๐ฝ๐ฟ๐ผ๐ฝ๐ฒ๐ฟ๐๐ ๐๐๐ฎ๐๐
โLocal buyers and owner-occupiers were the most active buyer groups. First-home buyers and investors were prevalent in Whangarei.
Most vendor expectations of asking prices aligned with market conditions, with many also open to negotiations. Attendance at open homes was patchy across the region; overall numbers were lower than usual for the time of year. The number of properties using auction as a method of sale had declined, as had the number of active bidders and sales under the hammer.
Factors such as lack of buyer urgency, hesitation to enter the market, cost-of-living concerns, and rising fuel prices impacted market sentiment. Uncertainty about the conflict in the Middle East also influenced market sentiment.
Local salespeople cautiously state that the market will remain as is while current economic conditions persist. Although they mention that there are some good opportunities for those who want to
purchase despite these challenges.โ
Lizzy Ryley - REINZ Chief Executive