North Island Houses
House Prices Whangarei / Hamilton / Tauranga / Napier / New Plymouth / Palmerston North
| Location | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | May 2009 |
|---|---|---|---|---|---|---|
| Whangarei | $286,000 | $270,000 | $275,000 | $284,000 | $286,250 | $289,000 |
| Hamilton | $358,000 | $335,000 | $330,000 | $330,000 | $330,000 | $324,000 |
| Tauranga | $365,000 | $346,000 | $345,000 | $330,000 | $354,000 | $340,000 |
| Napier | $306,000 | $295,000 | $290,000 | $297,000 | $295,500 | $294,000 |
| New Plymouth | $345,000 | $322,000 | $300,000 | $307,000 | $319,800 | $295,000 |
| Palmerston North | $286,000 | $270,000 | $268,000 | $265,000 | $265,000 | $260,000 |
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 2014 for all towns except Whangarei. From the selection above, average house prices in May 2014 range from $286,000 in Whangarei and Palmerston North to $365,000 in Tauranga.
Figures from Quotable Value (QV) show that property values in Tauranga for June 2014 average $452,000, up over 5% compared to June 2013.
QV Registered Valuer Mairi Macdonald said concerning the Tauranga market, “The market is mixed depending on the suburb and as prices are increasing in more sought after areas more buyers are looking in cheaper suburbs.”
Other North Island Towns
Over the three months to June 2014 average property values from QV were $268,000 in Rotorua, $342,500 in Taupo and $229,000 in Gisborne.
Return to the NZ House Prices page.