Auckland Property Market 1st July 2025

As we pass the halfway mark of the year, the Auckland property market continues to tread carefully. While there are encouraging signs in some segments, overall activity remains selective, and confidence is still fragile. Here's what we're seeing on the ground:

Market at a Glance

• Prices holding steady in most areas, with some softening in fringe locations.

• Buyer interest is improving, but decision-making is slow and cautious.

• Vendors remain price-conscious, often holding out for peak values that the current market isn’t supporting.

• The market is active—but only for well-priced, well-presented homes.

What Buyers Are Thinking

• Buyers are back out there, especially first-home buyers and flippers—but they’re hunting far and wide.

• Many are waiting for the “perfect home” and walk away over small issues or inflated prices.

• Lending remains a hurdle, with banks tightening up on conditional offers and unconsented works.

• Interest rate drops are starting to build confidence, but have yet to trigger a full rebound in activity.

What’s Holding Sellers Back

• New Capital Values (CVs) have caused confusion—buyers use them to negotiate down, while sellers with higher CVs expect more.

• Many homeowners who bought in 2021–2022 are hesitant to list, worried about achieving their desired sale price.

• Properties that are well marketed and priced in line with today’s reality are still selling, often with multiple offers.

What It Means for You

Whether you're thinking of selling or simply watching the market, here’s the reality:

• It’s still very much a buyer-driven market, but those buyers are active when a home meets their criteria.

• If you're considering selling, presentation, pricing, and marketing have never been more important.

• We are seeing great results for realistic vendors, even in this cautious environment.