First Realty Newsletter July 2025

25 July 2025

Residential market remains slow and steady

As per the latest REINZ June 2025 property report, the data shows a 3.4 % decrease in the Auckland median sale price, compared to the same period last year and a 17.8% increase in the sales count. Compared to the previous month, the Median Price is up 1.0% and Sales Count is down 18.3%. REINZ reports that the market will probably stay the same over the coming months – slow and steady.

To view the full REINZ report, click here.

Property Investor Insights June 2025

Economist Tony Alexander shares his insights in his latest Property Investor report, which compiles the response he has received from 246 property investors. The results show the following:

A record net 40% of landlords say that it is difficult to get a good tenant… Market conditions have
changed substantially.
The greatest area of concern for landlords is rising council rates.

To view the full report, click here.

NZHL Property Report June 2025

Economist Tony Alexander shares his insights in his latest NZHL Property report, which compiles the response he has received from 393 real estate agents. The results show the following:

Most indicators this month have pulled back from the quite depressed levels of late-May. But most also remain in weak territory signalling a market still strongly in favour of buyers.
First home buyers remain active, but investors are still cautious.
Among the list of things which buyers are concerned about employment remains a key worry.
Interestingly, concerns have grown about the availability of listings

To view the full report, click here.