After a tough stretch for Auckland’s economy, the latest update shows signs of stabilisation—particularly in the housing market, where activity is slowly rebounding and prices appear to be levelling out.

According to Auckland Council’s Social and Economic Research and Evaluation team, real GDP fell 1.3% over the year to March 2025.

It’s been a challenging period citywide, with retail sales down 3.7% and employment softening slightly.

But in several areas, the downward trend is easing.

House sales are a clear bright spot.

Across Auckland, 22,667 homes changed hands in the 12 months to April—up 24% from the market low last May.

That makes it the seventh month in a row of rising sales.

While the median house price has slipped 6% over the past year, it’s now holding steady at $1 million in real terms—similar to 2015 levels.

For Hibiscus Coast locals, this is especially relevant.

A more active market brings fresh opportunities for both buyers and sellers, particularly for Coasties looking to upsize, downsize, or relocate within our growing community.

Rental prices are also holding firm, with the Auckland average sitting at $690 per week.

When adjusted for inflation, rent has been relatively stable for two years—good news for tenants navigating cost-of-living pressures.

Unemployment rose to 6.4% in the March quarter, but remains lower than the levels seen a decade ago.

And while job growth dipped slightly, Auckland’s population continues to rise, creating long-term demand for housing and services.

Building activity is down from previous highs, with new dwelling consents 37% below the 2022 peak.

However, consent numbers have held relatively steady for nine months, suggesting the sector may be adjusting to more sustainable levels after a post-Covid construction surge.

Even in imports, there are cautious signs of recovery—seaport volumes in Auckland have been rising since October.

So while it’s not a full rebound yet, there’s a clear shift in direction.

For the Coast, where local businesses and families are closely linked to the wider Auckland economy, this update offers a glimmer of stability after a rocky year.

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