Northland bucks national property chill as prices climb 8% in June
While New Zealand's national property market experienced a cooling trend in June, Northland saw an 8% increase in average asking prices. Local experts suggest this growth may be disconnected from current buyer sentiment, which remains cautious due to economic pressures and high vendor expectations.
Why it matters
The data highlights regional economic disparities and the impact of shifting post-pandemic migration patterns on local real estate markets.
Trade Me’s latest property data shows that while prices and listings cooled nationally in June, Northland recorded a near 8% increase.
While the New Zealand property market has cooled alongside winter temperatures, Northland has bucked the trend and defied the early winter slump.
According to the latest Trade Me Property Price Report, prices, listings and search activity cooled nationally in June, with the average national asking price falling about $11,000 (1.3%) from May to $823,300.
The report says Northland recorded nearly 8% growth in average asking prices, with properties listed on Trade Me averaging about $764,000.
Northland also had annual growth of more than 9% from June 2025.
Ray White Kerikeri sales manager Tom Rutherford said listings had been “steady and vendor expectations were high”.
But he wasn’t seeing that growth reflected in the figures.
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