North Island Houses
House Prices Whangarei / Hamilton / Tauranga / Napier / New Plymouth / Palmerston North
| Location | March 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 |
|---|---|---|---|---|---|---|
| Whangarei | $369,000 | $314,000 | $279,000 | $286,000 | $270,000 | $275,000 |
| Hamilton | $510,000 | $429,000 | $362,000 | $358,000 | $335,000 | $330,000 |
| Tauranga | $556,000 | $476,000 | $389,000 | $365,000 | $346,000 | $345,000 |
| Napier | $381,000 | $336,000 | $316,000 | $306,000 | $295,000 | $290,000 |
| New Plymouth | $394,000 | $382,000 | $359,000 | $345,000 | $322,000 | $300,000 |
| Palmerston North | $331,000 | $296,000 | $286,000 | $286,000 | $270,000 | $268,000 |
Market Analysis
The prices above are medians taken over 12 month periods (10 months to March 2017), sourced by the Real Estate Institute of New Zealand.
According to data from REINZ, house prices have increased markedly over the past few years in North Island towns. From the selection above, average house prices in March 2017 range from $331,000 in Palmerston North to $556,000 in Tauranga.
Figures from Quotable Value (QV) show that property values in Tauranga City for July 2017 averaged $691,000, up over 12 percent compared to July 2016.
QV National Spokesperson David Hume said, ‘The market in Tauranga and Western Bay of Plenty is steady at present, with most agents reporting more normalised levels in demand.’
Other North Island Towns
Over the three months to July 2017 average property values from QV were $399,000 in Rotorua, $445,000 in Taupo and $292,000 in Gisborne.
Return to the NZ House Prices page.
What say you?Please do not ask us for immigration/visa advice - we cannot respond to such requests.