First Realty Newsletter April 2025

28 April 2025

The Market – A mixed report

As per the latest REINZ March 2025 property report, the data shows a 2.8 % decrease in the Auckland median sale price, compared to the same period last year and a 9.8% increase in the sales count. Compared to the previous month, the Median Price is up 3.8% and Sales Count is up 25.6%. REINZ reports that there is hope that the market will improve in a gradual incremental manner.

To view the full REINZ report, click here.

Property Investor Insights April 2025

Economist Tony Alexander shares his insights in his latest Property Investor report, which compiles the response he has received from 275 property investors. The results show the following:

The interest of existing investors in buying another property is falling away rapidly.
For those who are planning another purchase there is decreasing interest in buying a new-build.
Landlords are experiencing deep difficulties in finding good tenants.

To view the full report, click here.

NZHL Property Report March 2025

Economist Tony Alexander shares his insights in his latest NZHL Property report, which compiles the response he has received from 259 real estate agents. The results show the following:

Stock levels are high, and buyers know this – feeling they can pick and choose and take their time.
Prices overall appear static, and some concerns have appeared around prices falling.
Townhouses are not in favour for many buyers according to written comments submitted by agents.

To view the full report, click here.

Auckland median sale price movement over last 10 Years (Mar 2015 – Mar 2025)

Graph is based on statistical data published by REINZ.

For Sale

So Much Land!

Kiwi bungalows like these are fast disappearing. This one is being put on the market for the first time since it was built for a young family. It was built solid, with real timber weatherboards, and a concrete tile roof. The house holds so many fond memories for the vendors, but they have moved on and are keen to get a quick sale.

Fully renovated from inside, with new paint and floor coverings throughout. Weatherboards, baseboards, doors and windows all just repainted. Completely rewired, with a new switchboard. New kitchen cabinets with soft-close doors and drawers, engineered stone benchtops, all new appliances. New shower, vanity, toilet and laundry tub. New hardware on doors and windows.

3 bedrooms, good size separate lounge, good size dining/ kitchen area, bathroom with shower and vanity, separate toilet and separate laundry.

Great indoor-outdoor flow from lounge to a large new deck and lovely garden in front with fruit trees and flower bed. Big backyard with a concrete pad on which a double garage can be built, with Council consent. And heaps of parking space.

Property complies with the Healthy Homes Regulations.

Zone: Business – Local Centre Zone.

Walking distance to all amenities – playground, school, kindy, supermarket, railway station, bus stop, library, medical centre, bakery, takeaway, church, mosque.

For more details, click here.