House Prices in North Island Towns

Houses in New Zealand's North Island
North Island Houses

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

LocationAugust 2018August 2017August 2016August 2015
Whangarei District$531,400$497,500$429,900$353,400
Hamilton$559,100$544,500$518,400$400,800
Tauranga$705,400$694,400$633,600$493,100
Napier$511,900$459,400$386,600$332,700
New Plymouth District$386,600$332,700$393,500$362,000
Palmerston North$398,600$362,600$325,000$294,300

Market Analysis

The prices above are average property values from QV.co.nz with data sourced from CoreLogic.

According to data from QV, house values have increased markedly over the past few years in North Island towns. From the selection above, average house values in August 2018 ranged from $386,600 in New Plymouth District to $705,400 in Tauranga.

CoreLogic head of research Nick Goodall said, “Both first home buyers and investors remain active. First home buyers continue to take advantage of the availability of their KiwiSaver funds, while investors appear undaunted by yet more announcements which are likely to impact their profitability.”

He continued, “Potential changes which could impact investors was the government’s Tax Working Group interim report which floated two possible options of ‘tax on capital assets’, designed to make the tax system ‘fairer'”.

Other North Island Towns
The August 2018 average property values from QV were $432,800 in Rotorua District, $478,500 in Taupo District and $318,800 in Gisborne District.

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