Property asking prices up for first time in more than a year

Tuesday, 9 September 2025

The national average asking price for property has gone up for the first time since June 2024. That’s according to figures in Trade Me’s August Property Pulse Report.

The national average asking price last month was $820,800, up 0.5% year-on-year.

Trade Me Customer Director Gavin Lloyd. said the increase, “while modest, isn't something to be sniffed at” at the tail end of the winter season.

“If we look at the market this time last year, prices were down 2.3% year-on-year, so to show forward momentum ahead of spring suggests building confidence both from buyers and sellers.”

The figures for Auckland were a mixed bag. Papakura was up 3.1% year-on-year to $802,900, the fourth consecutive month of increases for the South Auckland suburb, while Waiheke island experienced its second month of “fairly significant year-on-year falls” with the average asking price down 14.8% in August, following a decline of more than 20% in July.

In the rest of the country, Tairāwhiti-Gisborne and Southland saw consecutive year-on-year asking price increases from June through August, with Gisborne up 10%, following a 6% increase in July to $679,600 and Southland up 6.7% in August, following a 4.4% increase in July to $537,150.

The West Coast also had two months of increases year-on-year, up 16% in August to $467,650, the increase followed an 8% increase in July.

Meanwhile supply fell 4 % compared July, however it remains 1% ahead of August 2024.