Nationally, the property market continued to show signs of recovery through October, though activity remains uneven. The average asking price across New Zealand rose by 1.1 percent year-on-year to $862,563, according to Realestate.co.nz.

It was the first month since February where more agents reported prices rising rather than falling, a shift in sentiment noted in the NZHL Property Report. However, growth remains fragile and largely driven by first-home buyers rather than investors, who are still cautious amid tighter lending conditions and talk of tax changes.

The OneRoof House Price Report highlighted that eight out of ten suburbs still saw values slip, with Auckland’s average falling by roughly $23,000 to $1.26 million. Across the country, Cotality data indicated a national median increase of just 0.2 percent to about $811,662. 

This modest movement suggests the market is edging away from its lows but not yet in full recovery mode. Mortgage rates remain stable, and listings have risen slightly, giving buyers more choice. Sellers, meanwhile, are being encouraged to stay realistic about price expectations and to allow for longer selling periods.

Policy developments continue to influence sentiment. The prospect of a capital gains tax, although still under discussion, has added an element of caution. Economists suggest it may prompt some investors to offload properties but is unlikely to bring about a sharp drop in values or significantly improve affordability in the short term. Overall, the national outlook is one of stabilisation rather than strong growth, with steady but unspectacular movement expected into summer.

In the Hauraki and Coromandel region, local dynamics tell a similar yet slightly more optimistic story. Lifestyle demand continues to underpin the market, attracting buyers seeking space, scenery and a slower pace rather than investment returns. Coromandel was the standout region contributing to the surge in new listings in October 2025, reporting a year-on-year increase of 20.6%. Enquiry levels at Richardsons offices remain solid, and while there is no sense of urgency, genuine buyers are active. Well-presented homes in sought-after areas are still achieving quick and competitive offers, though buyers remain selective and patient. The number of available listings provides good choice, so presentation, pricing and promotion are critical to achieving a sale.

For buyers, the current calm offers opportunity before wider market confidence gathers pace. For sellers, positioning a property smartly—rather than assuming national trends will lift values—is the most effective strategy. As 2025 draws to a close, the regional market stands steady, showing resilience and balance rather than boom or bust.