Raine & Horne Kumeu - Hobsonville Blog

September property market report 

Owners are becoming realistic that house prices are not bouncing back to 2021 levels. 

The latest figures from Trade Me Property suggest people selling their homes appear to be becoming more realistic in their price expectations.

The national average asking price of residential properties advertised on Trade Me Property was $821,750 in July, down by 1% compared to June.

In the greater Auckland market the average asking price dropped below $1 million for the first time since September last year to $989,250 in July.

That's down by $17,000 (-1.7%) compared to June and the average Auckland asking price has now declined by $68,050 since March.

There is often a dip in prices over winter, however this year's dip in Auckland's asking prices could be more prolonged than in previous years.

This dip has occurred earlier than last year, suggesting that we may see a more prolonged period of prices below the $1 million threshold in 2025,

In selected areas in the North West the biggest price decrease has been felt in townhouse developments where the lack of parking and garaging, the cost of body corporate or laneway fees push up the operating costs of a property forcing buyers to consider the purchase price and the monthly costs as part of the decision. 

Properties that are independent and unique are still holding good value and attracting buyer engagement

Call me, Graham McIntyre AREINZ directly 

0800 900 700, via text at 027 632 0421, or email at 

[email protected]. Country Living Realty Ltd, t/a Raine & Horne Kumeu-Hobsonville Licensed REAA (2008)