House Prices in North Island Towns

Houses in New Zealand's North Island
North Island Houses


House Prices Whangarei / Hamilton / Tauranga / Napier / New Plymouth / Palmerston North

Location May 2015 May 2014 May 2013 May 2012 May 2011 May 2010
Whangarei $279,000 $286,000 $270,000 $275,000 $284,000 $286,250
Hamilton $362,000 $358,000 $335,000 $330,000 $330,000 $330,000
Tauranga $389,000 $365,000 $346,000 $345,000 $330,000 $354,000
Napier $316,000 $306,000 $295,000 $290,000 $297,000 $295,500
New Plymouth $359,000 $345,000 $322,000 $300,000 $307,000 $319,800
Palmerston North $286,000 $286,000 $270,000 $268,000 $265,000 $265,000

Market Analysis

The prices above are medians taken over 12 month periods, sourced by the Real Estate Institute of New Zealand.

According to data from REINZ, house prices have remained fairly stable over the past few years in North Island towns. Using 12 month median data, house prices have increased in the five year period to May 2015 for all towns except Whangarei. From the selection above, average house prices in May 2015 range from $279,000 in Whangarei to $389,000 in Tauranga.

Figures from Quotable Value (QV) show that property values in Tauranga for June 2015 averaged $486,000, up over 7% compared to June 2014.

QV Registered Valuer David Hume said concerning the Tauranga market, “Homes in Tauranga and Papamoa are now selling much more quickly than they have for several years and value levels are now considered to be at or above the 2007 peak.”

Other North Island Towns
Over the three months to June 2015 average property values from QV were $273,000 in Rotorua, $345,000 in Taupo and $227,000 in Gisborne.

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