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QV House Price Index

The QV House Price Index measures house price movement throughout New Zealand, providing an indicator of capital growth and how prices are trending in your area.

September 2026

Residential property values have reduced by an average of 1.5% nationally over the three months to the end of September, easing slightly from the 1.9% quarterly decline reported last month.

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Average price

$892,580

% Change in 3 months

-1.5%
Whangarei District Auckland Region Tauranga City Hamilton City Rotorua District New Plymouth District Napier City Hastings District Palmerston North City Wellington City Nelson City Marlborough District Christchurch City Queenstown Lakes Dist Dunedin City Invercargill City

Average price

Change in 12 months

Biggest and smallest regional value changes - September quarter 2026

Low sales volumes can cause fluctuations across New Zealand’s smaller towns and districts, with home values reducing by 7.3% in the Far North District and 6.0% in Kawerau. Meanwhile, Wairoa and South Waikato recorded the most growth on average this quarter.