Across New Zealand, the housing market in September 2025 continued to show cautious stability rather than dramatic shifts. Affordability remains under pressure, but there are encouraging signs. Interest rates have eased slightly, listings are rising, the OCR is set for another cut, and first-home buyers are beginning to secure their foothold.

Key indicators:

• The nationwide average property value fell by 0.8% ($8,000) over the last three months to $957,000, the same level as a year ago.
• New listings are increasing with the arrival of spring, but total stock remains steady at around 30,000, similar to the same month last year.
• Buyer sentiment remains cautious. While more people are attending open homes and engaging with listings, many are still selective and price sensitive.
• Activity from overseas buyers continues to be very limited.

Hauraki-Coromandel: September Highlights

On the East Coast of the Coromandel, buyers continue to lead the conversation, with offers often coming in below already adjusted levels. Vendors who are realistic are achieving sales, while a smaller group still hope for the return of 2021 values. Recently, local buyers have been more active than second-home purchasers, and some higher-end sales have been driven by families relocating within town. Overall, the mood reflects caution as families are mindful of job security and household income, though there is hope that summer will bring a stronger wave of bach buyers.

Beyond the Coromandel, coastal markets like Omaha are showing strong momentum, with average values now topping $3 million and premium beachfront homes attracting competitive offers. With Phil Spencer’s NZ Best Homes recently showcasing Coromandel’s beachfront properties, we hope to see similar momentum building again on the east coast.

On the West Coast and through Hauraki, the market is equally testing, though in different ways. Enquiry and viewings are strong, yet negotiations can be difficult as buyers continue to reference the Covid-era peak when making offers. A greater volume of listings is giving buyers more choice, reducing urgency and placing pressure on vendors to meet the market. Investor activity is limited, though some are rebalancing portfolios, while first-home buyers remain active in the lower price bands. Across both coasts, buyers still hold the upper hand, though local dynamics vary.

Looking Ahead: Labour Weekend and Spring Momentum

With Labour Weekend approaching, energy is building in the local market. Fresh listings are expected to flow through, from entry-level homes to much-loved baches. This wave of inventory often attracts lifestyle buyers and families eager to secure a place before the summer rush, whether as a family base or a special retreat. Vendors who price realistically and present their homes well are likely to be successful. Our teams are ready, polishing open home signs, preparing marketing campaigns, and gearing up for a lively spring season.

National Strength, Trusted Network

Richardsons is proud to be part of the NZ Realtors Network, which connects us with award-winning real estate companies across the country, including Barfoot & Thompson, Lodge Real Estate, and Tommy’s. These are powerhouse, family-owned businesses like ours, and the close relationships we share provide a strong referral base and immediate insight into national trends. This network gives our clients an advantage, with informed pricing strategies and a broad reach nationally.

Global Reach, Local Magic

Our marketing does not stop at Hauraki-Coromandel. Richardsons harnesses a strong digital presence through our well-followed website, alongside platforms such as the industry-owned realestate.co.nz, Trade Me, OneRoof, and carefully targeted social media campaigns. This extends exposure not only across New Zealand but also internationally, connecting with expats and offshore buyers who dream of a coastal retreat. It is true global reach, paired with the authenticity and care only a trusted local team can deliver.