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National average asking price hits two-year high
Property Pulse Report - February 2026
By Gavin Lloyd 11 March 2026
Property prices February 2025 - February 2026
Key regional highlights
House size summary
Market sentiment
| Region | Property Price Index | YoY % change | |||
|---|---|---|---|---|---|
| Auckland | Auckland | $1,096,000 | $1,096,000 | 2.5% | 2.5% |
| Bay of Plenty | Bay of Plenty | $937,550 | $937,550 | -0.5% | -0.5% |
| Canterbury | Canterbury | $737,900 | $737,900 | 2.7% | 2.7% |
| Gisborne | Gisborne | $684,100 | $684,100 | 5.3% | 5.3% |
| Hawke's Bay | Hawke's Bay | $752,400 | $752,400 | -3.7% | -3.7% |
| Manawatuū/Whanganui | Manawatuū/Whanganui | $593,400 | $593,400 | -0.6% | -0.6% |
| Marlborough | Marlborough | $734,500 | $734,500 | -3.5% | -3.5% |
| Nelson/Tasman | Nelson/Tasman | $853,100 | $853,100 | 2.1% | 2.1% |
| Northland | Northland | $763,950 | $763,950 | -5.6% | -5.6% |
| Otago | Otago | $915,000 | $915,000 | 2.7% | 2.7% |
| Southland | Southland | $574,000 | $574,000 | 11.2% | 11.2% |
| Taranaki | Taranaki | $670,850 | $670,850 | -1.0% | -1.0% |
| Waikato | Waikato | $844,500 | $844,500 | 1.6% | 1.6% |
| Wellington | Wellington | $818,550 | $818,550 | -0.4% | -0.4% |
| West Coast | West Coast | $500,500 | $500,500 | 10.5% | 10.5% |
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