Homes.co.nz

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The homes.co.nz Monthly Property Update is generated using homes.co.nz’s April 2022 HomesEstimates, providing an up-to-date perspective on house values around New Zealand.

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Trends in our Main Cities 

The New Zealand property market has turned a corner. This is the impact of tightened lending requirements, higher interest rates and conditions becoming more favourable for buyers. This has seen the median HomesEstimate decrease across all of our main centres, but the only certainty is change (especially in the current market), so we’re watching to see how this plays out.

How do we calculate these figures?

The homes.co.nz Monthly Property Update is generated using homes.co.nz’s monthly HomesEstimates and provides an up-to-date perspective on house values around New Zealand. By valuing the entire housing stock, the homes.co.nz Monthly Property Update can compare median values from month to month in a consistent and reliable way. Our HomesEstimates are calculated for almost every home in New Zealand by an algorithm that identifies the relationships between sales prices and the features of a property.

Established in 2013, homes.co.nz is NZ’s first free property information portal eager to share free property information to New Zealanders.

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NZ’s First Home Buyer HomesEstimate

The “First Home Buyer HomesEstimate” is homes.co.nz’s estimate of what a typical first home may cost. It is calculated to be the lower quartile HomesEstimate in a town.