Auckland House Prices Just Hit a 6-Year Low - But The South Island Is Booming

For years, buyers have complained the property market wasn’t on their side - but that has just changed in a way New Zealand hasn’t seen in six years. Auckland’s average asking price has dropped under $1 million for the first time since 2020, and with 34,000 houses on the market across the country, buyers have serious choice and negotiating power. But while listings pile up and prices stay flat, why is a full-blown property crash still off the cards? Vanessa Williams from http://realestate.co.nz joins Frances Cook on Making Cents to break down the latest property data and reveal what is actually happening beneath the headlines. From the South Island regions hitting record highs to what gets a home sold right now, Vanessa shares what buyers and sellers need to know. In this episode: Auckland house prices dip below $1 million: what the six-year milestone means for buyers and sellers Why the South Island is booming while the North Island cools Selling in a buyer’s market: the 3 non-negotiables to get your property sold without slashing your price The "roast me" test: why brutal feedback on presentation can save you thousands Why waiting for the election or summer could cost buyers their negotiating edge Whether you're looking to buy your first home, make a move, or work out what the shifting market means for your equity, this episode breaks down the numbers to help you make your move on your own terms. Join the Money Memo newsletter for a free weekly money tip in your inbox each week https://www.francescook.co.nz/subscribe Become a confident sharemarket investor by signing up to the Market Memo newsletter https://www.francescook.co.nz/invest Follow me everywhere! Facebook / https://www.facebook.com/FrancesCookNZ Instagram / https://www.instagram.com/francescooknz TikTok / https://www.tiktok.com/@francescooknz #MakingCents #FrancesCook #MakingCentsPodcast #InvestingPodcast #MoneyPodcast #FinancialFreedom Production and video editing by Lana Byrne Audio engineering by Tash Chittock Filmed by Fanaticals