18 April 2026
Sales counts and median prices are not much better than they were a year ago, as evidenced from the latest REINZ property report. See chart below.
As per the NZHL property report published by economist Tony Alexander, “For the third time since early-2023 an upturn in the residential real estate market has paused then gone into reverse.”
The war in Iran and the increase in fuel prices, is sure to lead to inflation. This might force the reserve bank to increase interest rates which is going to adversely impact the property market over the next 12 months. So if your thinking of selling, you probably won’t benefit from waiting. If your thinking of buying, this is as good a time as any.
In the rental market however we’ve seen some positive developments. We have been able to rent all our properties as on date. We have rented 8 vacant properties since the beginning of this year. For the first time this year we have no vacant properties. Two of these properties, one at $850 per week, were rented within 2 weeks of starting advertising. This was because they were correctly priced. The others took longer because we had to go through a process of rent reductions till we got the price right. For the two properties that we rented quickly, we had close to 15 people at each
viewing. So there are plenty of tenants out there, but they won’t show up to the viewings till they feel the price is right.
Yours truly,
Mohijit
A Slow Yet Steady Trend Continues
As per the latest REINZ March 2026 property report, the data shows a 0.5% increase in the Auckland median sale price, compared to the same period last year and a 0.9% increase in the sales count. Compared to the previous month, the Median Price is up 4.0% and Sales Count is up 20.1%. As per the report, “Market sentiment was influenced by interest rate concerns, the conflict in the Middle East, and general buyer and seller caution. Local salespeople anticipate similar market conditions to continue over the coming months.”
To view the full REINZ report, click here.
Property Investor Insights March 2026
Economist Tony Alexander shares his insights in his latest Property Investor report, which compiles the response he has received from 230 property investors. The results show the following:
- A record net 26% of existing property investors say they plan selling their properties. This is up from 17% last month and 11% six months ago.
- A record low 44% plan never selling or holding for at least ten years compared with 48% last month and 53% six months back.
- Concerns remain elevated about insurance costs and council rates.
To view the full report, click here.
NZHL Property Report March 2026
Economist Tony Alexander shares his insights in his latest NZHL Property report, which compiles the response he has received from 300 real estate agents. The results show the following:
- For the third time since early-2023 an upturn in the residential real estate market has paused then gone into reverse.
- Agents see prices as currently falling in their areas of operation with fewer people attending open homes and auctions.
- Buyers are newly worried about employment and interest rates but have few concerns about listings or access to finance.
To view the full report, click here.
Auckland median sale price movement over last 5 Years (April 2021 – March 2026)
Graph is based on statistical data published by REINZ.
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