/Monthly Market Update - December 2025

The National Market

House prices and values

  • National median property value sits at about $808,430, which is 1% lower than December 2024, and around 17.6% below the 2022 peak. Regions are mixed: Tauranga, Dunedin and Christchurch saw small value rises; Auckland, Hamilton and Wellington were softer.
  • OneRoof’s annual 2025 data shows a sluggish year overall with some standout suburbs (Moana, Omaha, Waiheke Island, Ahuriri) posting >10% growth. Wellington City saw one of the largest drops among big centres.
December Tile 2025

Listings and stock

  • Realestate.co.nz data shows December listings were up year-on-year, with around 4,900 new properties coming to market, and stock at its highest December levels since 2014. Bay of Plenty led regions with a substantial increase in new listings.

Buyer vs seller dynamics

  • Realestate.co.nz figures show plentiful stock and steady pricing, creating conditions that favour buyers; yet buyers are cautious and holding back, likely waiting on interest rate movements or clear signs of prices starting to increase.

Overall snapshot

  • Prices mostly stable to slightly soft nationally
  • Big centres weaker, some provincial centres growing
  • More listings and higher stock than recent years
  • Rental pressures easing in many regions but still strong in lifestyle hotspots

Local focus on the Hauraki-Coromandel region

Hauraki District

  • Average house value according to QV is $654,854*
  • Median Sale price for Hauraki District in December 2025 is around $630,000
  • Prices up 7.4% over the last 3 months (to late 2025), reflecting stronger local momentum.
  • Average rents in Hauraki around $565/wk (Sept 2025).
  • Ngatea is the most expensive Hauraki suburb; Paeroa the most affordable.

Thames-Coromandel District

  • Average house value according to QV is $1,186,081
  • Median Sale price for Thames-Coromandel in December 2025 is around $995,000
  • Property values in Thames-Coromandel have risen 3.2% over the past 3 months to late 2025.
  • Hahei is the highest-value suburb (average value $1.74m, due to some large sales skewing the figures), Thames the most affordable (average value $665k).
  • Prices grew over the long term at about 4.8% annually (20-year trend).
  • Thames-Coromandel remains strong given lifestyle demand and relative affordability outside big cities.

 

* What QV means by average house price is the automated mean of all estimated property values in the area, not just homes that sold that month