Corelogic NZ House Price Index - Residential Property

Time period: October 2023

Territorial authority Average current 12 month

value change%
Far North 679,960 -2.8%
Whangarei 736,744 -6.8%
Kaipara 824,335 -4.6%
Auckland - Rodney 1,237,443 -7.3%
Rodney - Hibiscus Coast 1,151,295 -7.8%
Rodney - North 1,304,440 -7.4%
#A Auckland - North Shore 1,431,987 -6.0%
North Shore - Coastal 1,632,854 #A
North Shore - North Harbour 1,406,285 -4.5%
North Shore - Onewa 1,143,508 -6.4%
#A Auckland - Waitakere 993,039 -8.9%
Auckland - City 1,444,765 -8.2%
Auckland City - Central 1,247,305 -6.3%
Auckland City - Islands 1,472,486 -12.3%
Auckland City - South 1,288,400 -9.3%
Auckland_City - East 1,808,827 -8.0%
#A Auckland - Manukau 1,139,706 -6.6%
Manukau - Central 878,892 -7.1%
Manukau - East 1,434,215 -5.3%
Manukau - North West 989,834 -7.0%
#A Auckland - Papakura 933,200 -6.9%
Auckland - Franklin 902,917 -7.9%
Thames Coromandel 1,132,182 -9.0%
Hauraki 635,090 -2.9%
Waikato 722,371 -7.0%
Matamata Piako 690,777 -5.7%
# Hamilton 797,950 -5.4%
Hamilton - Central & North West 747,207 -4.5%
Hamilton - North East 983,243 -5.9%
Hamilton - South East 732,472 -5.7%
Hamilton - South West 709,707 -5.0%
Waipa 877,375 -0.9%
Otorohanga 531,538 -10.9%
South Waikato 416,707 -10.1%
Waitomo 368,528 -6.1%
Taupo 825,170 -5.6%
Western BOP 1,006,075 1.3%
# Tauranga 1,006,129 -6.5%
Rotorua 652,561 -4.5%
Whakatane 741,536 1.2%
Kawerau 394,990 -1.9%
Opotiki 507,982 -11.7%
 Gisborne 596,121 -5.5%
Wairoa 383,742 -2.6%
Hastings 785,600 -3.4%
# Napier 746,858 -5.4%
Central Hawkes Bay 589,470 -3.6%
New Plymouth 695,706 -5.3%
Stratford 475,641 -2.9%
South Taranaki 434,449 -3.6%
Ruapehu 357,617 -9.8%
Whanganui 490,210 -6.0%
Rangitikei 419,556 -6.3%
Manawatu 598,181 -6.3%
# Palmerston North 636,879 -5.7%
Tararua 413,441 -7.8%
Horowhenua 566,658 -4.1%
Kapiti Coast 789,702 -11.6%
#W Porirua 824,166 -5.0%
#W Upper Hutt 727,042 -7.3%
#W Hutt 757,669 -7.9%
#W Wellington 1,018,073 -6.7%
Wellington - Central & South 977,556 -5.0%
Wellington - East 1,136,466 -5.7%
Wellington - North 961,583 -7.0%
Wellington - West 1,150,503 -8.8%
Masterton 556,775 -7.6%
Carterton 617,920 -9.3%
South Wairarapa 730,202 -12.5%
Tasman 771,692 -5.9%
# Nelson 772,610 -5.3%
Marlborough 695,549 -3.7%
Kaikoura 666,814 5.1%
Buller 332,716 5.6%
Grey 371,495 5.5%
Westland 382,713 -1.9%
Hurunui 618,138 0.1%
Waimakariri 697,493 -3.6%
# Christchurch 741,178 -1.8%
Christchurch - Banks Peninsula 817,995 3.8%
Christchurch - Central & North 845,027 -1.8%
Christchurch - East 578,276 -1.4%
Christchurch - Hills 1,047,083 -0.4%
Christchurch - Southwest 702,377 -2.4%
Selwyn 818,755 -2.5%
Ashburton 528,564 -0.4%
Timaru 511,242 -0.2%
MacKenzie 745,795 4.8%
Waimate 417,712 -1.4%
Waitaki 465,778 -5.5%
 Central Otago 792,814 2.9%
Queenstown Lakes 1,677,669 -0.4%
# Dunedin 615,784 -4.6%
Dunedin - Central & North 625,272 -5.5%
Dunedin - Peninsular & Coastal 591,550 -2.2%
Dunedin - South 584,563 -4.5%
Dunedin - Taieri 644,821 -4.3%
Clutha 379,681 -3.2%
Southland 488,974 -1.1%
Gore 393,454 0.1%
# Invercargill 458,040 0.0%

Auckland Area 1,261,776 -7.7%

Wellington Area 893,417 -6.8%
# Main Urban Areas 1,003,685 -6.4%
Total NZ 908,853 -5.7%

Notes on the above data:

1. The information included in the above table is based on the monthly property value index. This index is
calculated based on the sales data entered into CoreLogic's system in the previous 3 month period. For
example, information for the period ending June will be calculated based on sales entered between April 1 and
June 30.

2. The average current value is the average (mean) value of all developed residential properties in the area
based on the latest index. It is not an average or median sales price, as both of those only measure what
happens to have sold in the period.

3. The percentage change over three months and twelve months are based on the change in the property
value index between that time and the current.

4. Any of the statistical data shown in italics are calculated based on a sample set of data that is less than the
recommended minimum. These results should be used with caution. Those showing N/A had too few sales to
generate an index
3 month
change %
-3.2%
-0.1%
0.7%
1.1%
1.3%
0.7%
0.9%
0.3%
2.2%
0.5%
0.1%
-0.7%
1.3%
-4.5%
-2.1%
-0.3%
1.2%
0.9%
2.6%
-0.1%
2.5%
0.7%
-2.6%
-0.7%
-0.8%
-1.8%
-0.4%
-0.5%
-0.2%
-1.0%
0.5%
0.5%
1.6%
-3.0%
-7.8%
-0.7%
2.5%
-1.4%
2.0%
1.5%
1.4%
-7.2%
 1.2%
-9.7%
2.7%
0.7%
-0.4%
-2.8%
-0.3%
-1.1%
-4.1%
-2.2%
-0.8%
-1.9%
-0.2%
1.4%
2.5%
-2.0%
3.0%
0.3%
-1.4%
0.0%
0.8%
1.8%
0.2%
-3.3%
-0.5%
-2.7%
-6.1%
0.0%
-1.6%
1.8%
12.8%
-1.3%
1.6%
-3.9%
-1.3%
0.0%
1.5%
2.8%
2.5%
0.3%
1.4%
1.4%
2.2%
-0.7%
2.0%
0.4%
-5.6%
-0.3%
 0.7%
0.3%
-0.1%
0.5%
1.2%
-1.1%
-0.4%
-3.3%
-0.2%
-1.5%
0.5%

0.3%
0.1%
0.2%
0.1%

e index. This index is

3 month period. For
ntered between April 1 and

l properties in the area

e only measure what

change in the property

data that is less than the

N/A had too few sales to
AUCKLAND**
Rodney - North -7.4% $ 1,304,440 -7.4% | $1,304,440
North Shore - North Harbour -4.5% $ 1,406,285 -4.5% | $1,406,285
North Shore - Onewa -6.4% $ 1,143,508 -6.4% | $1,143,508
North Shore - Coastal -6.3% $ 1,632,854 -6.3% | $1,632,854
Auckland - Waitakere -8.9% $ 993,039 -8.9% | $993,039
Auckland City - Central -6.3% $ 1,247,305 -6.3% | $1,247,305
Auckland City - South -9.3% $ 1,288,400 -9.3% | $1,288,400
Auckland_City - East -8.0% $ 1,808,827 -8.0% | $1,808,827
Auckland City - Islands -12.3% $ 1,472,486 -12.3% | $1,472,486 *
Manukau - North West -7.0% $ 989,834 -7.0% | $989,834
Manukau - East -5.3% $ 1,434,215 -5.3% | $1,434,215
Manukau - Central -7.1% $ 878,892 -7.1% | $878,892
Auckland - Papakura -6.9% $ 933,200 -6.9% | $933,200
Auckland - Franklin -7.9% $ 902,917 -7.9% | $902,917
Total NZ -5.7% $ 908,853 -5.7% | $908,853
CANTERBURY**
Westland -1.9% $ 382,713 -1.9% | $382,713 *
Selwyn -2.5% $ 818,755 -2.5% | $818,755
Ashburton -0.4% $ 528,564 -0.4% | $528,564
MacKenzie 4.8% $ 745,795 4.8% | $745,795 *
Timaru -0.2% $ 511,242 -0.2% | $511,242
Queenstown Lakes -0.4% $ 1,677,669 -0.4% | $1,677,669
Waitaki -5.5% $ 465,778 -5.5% | $465,778
Waimate -1.4% $ 417,712 -1.4% | $417,712 *
Total NZ -5.7% $ 908,853 -5.7% | $908,853
CHRISTCHURCH**
Waimakariri -3.6% $ 697,493 -3.6% | $697,493
Christchurch - Southwest -2.4% $ 702,377 -2.4% | $702,377
Christchurch - Central & North -1.8% $ 845,027 -1.8% | $845,027
Christchurch - East -1.4% $ 578,276 -1.4% | $578,276
Selwyn -2.5% $ 818,755 -2.5% | $818,755
Christchurch - Hills -0.4% $ 1,047,083 -0.4% | $1,047,083
Christchurch - Banks Peninsula 3.8% $ 817,995 3.8% | $817,995 *
Total NZ -5.7% $ 908,853 -5.7% | $908,853
DUNEDIN**
Dunedin - Taieri -4.3% $ 644,821 -4.3% | $644,821
Dunedin - Peninsular & Coastal -2.2% $ 591,550 -2.2% | $591,550 *
Dunedin - Central & North -5.5% $ 625,272 -5.5% | $625,272
Dunedin - South -4.5% $ 584,563 -4.5% | $584,563
Total NZ -5.7% $ 908,853 -5.7% | $908,853
HAMILTON**
Waikato -7.0% $ 722,371 -7.0% | $722,371
Hamilton - Central & North West -4.5% $ 747,207 -4.5% | $747,207
Hamilton - North East -5.9% $ 983,243 -5.9% | $983,243
Hamilton - South West -5.0% $ 709,707 -5.0% | $709,707
Hamilton - South East -5.7% $ 732,472 -5.7% | $732,472
Waipa -0.9% $ 877,375 -0.9% | $877,375
Total NZ -5.7% $ 908,853 -5.7% | $908,853
MANAWATU**
Whanganui -6.0% $ 490,210 -6.0% | $490,210
Rangitikei -6.3% $ 419,556 -6.3% | $419,556 *
Manawatu -6.3% $ 598,181 -6.3% | $598,181
Central Hawkes Bay -3.6% $ 589,470 -3.6% | $589,470 *
Palmerston North -5.7% $ 636,879 -5.7% | $636,879
Horowhenua -4.1% $ 566,658 -4.1% | $566,658
Tararua -7.8% $ 413,441 -7.8% | $413,441 *
Kapiti Coast -11.6% $ 789,702 -11.6% | $789,702
Carterton -9.3% $ 617,920 -9.3% | $617,920 *
Masterton -7.7% $ 556,775 -7.7% | $556,775
Upper Hutt -7.3% $ 727,042 -7.3% | $727,042
South Wairarapa -12.5% $ 730,202 -12.5% | $730,202 *
Total NZ -5.7% $ 908,853 -5.7% | $908,853
NAPIER**
Western BOP 1.3% $ 1,006,075 1.3% | $1,006,075
Kawerau -1.9% $ 394,990 -1.9% | $394,990 *
Opotiki -11.7% $ 507,982 -11.7% | $507,982 *
Rotorua -4.5% $ 652,561 -4.5% | $652,561
Whakatane 1.2% $ 741,536 1.2% | $741,536
Gisborne -5.5% $ 596,121 -5.5% | $596,121
Taupo -5.6% $ 825,170 -5.6% | $825,170
Wairoa -2.6% $ 383,742 -2.6% | $383,742 *
Hastings -3.4% $ 785,600 -3.4% | $785,600
Napier -5.4% $ 746,858 -5.4% | $746,858
Total NZ -5.7% $ 908,853 -5.7% | $908,853
NELSON**
Tasman -5.9% $ 771,692 -5.9% | $771,692
Nelson -5.3% $ 772,610 -5.3% | $772,610
Marlborough -3.7% $ 695,549 -3.7% | $695,549
Buller 5.6% $ 332,716 5.6% | $332,716 *
Grey 5.5% $ 371,495 5.5% | $371,495 *
Hurunui 0.1% $ 618,138 0.1% | $618,138
Kaikoura 5.1% $ 666,814 5.1% | $666,814 *
Westland -1.9% $ 382,713 -1.9% | $382,713 *
Selwyn -2.5% $ 818,755 -2.5% | $818,755
Total NZ -5.7% $ 908,853 -5.7% | $908,853
NORTHLAND**
Far North -2.8% $ 679,960 -2.8% | $679,960
Whangarei -6.8% $ 736,744 -6.8% | $736,744
Kaipara -4.6% $ 824,335 -4.6% | $824,335
Auckland - Rodney -7.3% $ 1,237,443 -7.3% | $1,237,443
Total NZ -5.7% $ 908,853 -5.7% | $908,853
NZ AREAS**
Whangarei -6.8% $ 736,744 -6.8% | $736,744
Auckland Area -7.7% $ 1,261,776 -7.7% | $1,261,776
Tauranga -6.5% $ 1,006,129 -6.5% | $1,006,129
Hamilton -5.4% $ 797,950 -5.4% | $797,950
Rotorua -4.5% $ 652,561 -4.5% | $652,561
New Plymouth -5.3% $ 695,706 -5.3% | $695,706
Napier -5.4% $ 746,858 -5.4% | $746,858
Hastings -3.4% $ 785,600 -3.4% | $785,600
Palmerston North -5.7% $ 636,879 -5.7% | $636,879
Wellington Area -6.4% $ 1,003,685 -6.4% | $1,003,685
Nelson -5.3% $ 772,610 -5.3% | $772,610
Christchurch -1.8% $ 741,178 -1.8% | $741,178
Queenstown Lakes -0.4% $ 1,677,669 -0.4% | $1,677,669
Dunedin -4.6% $ 615,784 -4.6% | $615,784
Invercargill 0.0% $ 458,040 0.0% | $458,040
Total NZ -5.7% $ 908,853 -5.7% | $908,853
SOUTHLAND**
Queenstown Lakes -0.4% $ 1,677,669 -0.4% | $1,677,669
Central Otago 2.9% $ 792,814 2.9% | $792,814
Waimate -1.4% $ 417,712 -1.4% | $417,712 *
Waitaki -5.5% $ 465,778 -5.5% | $465,778
Southland -1.1% $ 488,974 -1.1% | $488,974 *
Gore 0.1% $ 393,454 0.1% | $393,454 *
Clutha -3.2% $ 379,681 -3.2% | $379,681 *
Dunedin -4.6% $ 615,784 -4.6% | $615,784
Invercargill 0.0% $ 458,040 0.0% | $458,040
Total NZ -5.7% $ 908,853 -5.7% | $908,853
TARANAKI**
Waitomo -6.1% $ 368,528 -6.1% | $368,528 *
New Plymouth -5.3% $ 695,706 -5.3% | $695,706
Stratford -3.0% $ 475,641 -3.0% | $475,641 *
Ruapehu -9.8% $ 357,617 -9.8% | $357,617 *
Taupo -5.6% $ 825,170 -5.6% | $825,170
South Taranaki -3.6% $ 434,449 -3.6% | $434,449
Whanganui -6.0% $ 490,210 -6.0% | $490,210
Rangitikei -6.3% $ 419,556 -6.3% | $419,556 *
Total NZ -5.7% $ 908,853 -5.7% | $908,853
WAIKATO**
Auckland - Franklin -7.9% $ 902,917 -7.9% | $902,917
Waikato -7.0% $ 722,371 -7.0% | $722,371
Hauraki -2.9% $ 635,090 -2.9% | $635,090 *
Thames Coromandel -9.0% $ 1,132,182 -9.0% | $1,132,182
Matamata Piako -5.7% $ 690,777 -5.7% | $690,777
Western BOP 1.3% $ 1,006,075 1.3% | $1,006,075
Tauranga -6.5% $ 1,006,129 -6.5% | $1,006,129
Hamilton -5.4% $ 797,950 -5.4% | $797,950
Waipa -0.9% $ 877,375 -0.9% | $877,375
South Waikato -10.1% $ 416,707 -10.1% | $416,707
Rotorua -4.5% $ 652,561 -4.5% | $652,561
Otorohanga -10.9% $ 531,538 -10.9% | $531,538 *
Waitomo -6.1% $ 368,528 -6.1% | $368,528 *
Total NZ -5.7% $ 908,853 -5.7% | $908,853
WELLINGTON**
Kapiti Coast -11.6% $ 789,702 -11.6% | $789,702
Porirua -5.0% $ 824,166 -5.0% | $824,166
Upper Hutt -7.3% $ 727,042 -7.3% | $727,042
Wellington - North -7.0% $ 961,583 -7.0% | $961,583
Hutt -7.9% $ 757,669 -7.9% | $757,669
South Wairarapa -12.5% $ 730,202 -12.5% | $730,202 *
Wellington - West -8.8% $ 1,150,503 -8.8% | $1,150,503 *
Wellington - Central & South -5.0% $ 977,556 -5.0% | $977,556
Wellington - East -5.7% $ 1,136,466 -5.7% | $1,136,466
Total NZ -5.7% $ 908,853 -5.7% | $908,853