Among major cities, the‘-ber’ month effect is equally evident.
All cities except Tauranga recorded positive median house price growth between August and September. However, only Christchurch shows positive long-term price growth, confirming that current changes are seasonal rather than structural.
Source: REINZ, Ray White Economics
Among regions, 8 of 16 recorded positive monthly growth, again reflecting typical spring activity rather than fundamental market shifts.
The strongest performers remain at the lower end of the price spectrum. Southland($ 525,000) and West Coast($ 447,000) lead with long-term appreciation of 16.70 per cent and 24.20 per cent, respectively.
Gisborne, despite a 4.60 per cent monthly decline, shows underlying strength with 15.20 per cent threeyear growth.
By contrast, premium regions continue to struggle. Auckland($ 978,000) remains 5.60 per cent below its three-year peak. Wellington($ 760,000) and Bay of Plenty($ 780,000) show similar patterns with modest seasonal gains masking longer-term weakness.
RAY WHITE NOW NEW ZEALAND | 14