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House prices stand steady as survey shows optimism slump

Property Pulse Report - May 2026

By Gavin Lloyd 10 June 2026

New winter survey shows property optimism slumps

Property prices May 2025 - May 2026

Buyer mindsets: More Kiwi looking to purchase but cost living tops concerns

Seller mindsets: Active sellers on the rise, while confidence dips

Property Price Index (May 2026 vs May 2025)
RegionProperty Price IndexYoY % change
AucklandAuckland$1,004,700$1,004,700-2.1%-2.1%
Bay of PlentyBay of Plenty$886,800$886,8004.1%4.1%
CanterburyCanterbury$721,100$721,1003.3%3.3%
GisborneGisborne$642,750$642,7502.8%2.8%
Hawke's BayHawke's Bay$719,550$719,550-3.9%-3.9%
Manawatuū/Whanganui Manawatuū/Whanganui $588,450$588,4501.5%1.5%
Marlborough Marlborough $769,800$769,80010.2%10.2%
Nelson/TasmanNelson/Tasman$817,250$817,2501.8%1.8%
NorthlandNorthland$708,800$708,800-6.0%-6.0%
OtagoOtago$845,450$845,450-1.8%-1.8%
SouthlandSouthland$552,550$552,55010.2%10.2%
TaranakiTaranaki$645,350$645,350-5.4%-5.4%
WaikatoWaikato$819,750$819,7503.4%3.4%
WellingtonWellington$766,100$766,100-6.0%-6.0%
West CoastWest Coast$516,550$516,55013.8%13.8%

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Author

Gavin Lloyd Gavin Lloyd
Customer Director - Trade Me Property