Property prices across the country dipped slightly in May—down 0.1% overall—but here on the Hibiscus Coast, there’s a rare bit of good news.

Rodney recorded a 0.4% rise in home values, standing out from the broader Auckland trend.

According to the latest figures from Cotality NZ (formerly CoreLogic), the national median is now $818,132.

That’s still 1.6% lower than a year ago and sits 16.3% below the January 2022 peak.

In Auckland, results were patchy.

Franklin nudged up 0.2%, Waitākere stayed flat, but Auckland City and Manukau both dropped 0.3%.

Papakura fell by 0.6%, and the North Shore was down 1.0%.

Being part of the Rodney electorate, the Hibiscus Coast is included in that 0.4% monthly lift.

Auckland

While it’s only a small change, it’s a positive sign for local homeowners in a market that remains cautious.

Cotality’s Chief Property Economist, Kelvin Davidson, says we’re seeing a market shaped by opposing forces.

“Lower mortgage rates are giving households a boost, but affordability remains a hurdle, and the job market is still soft,” he explained. “We’re not seeing a consistent recovery just yet.”

For buyers and sellers on the Hibiscus Coast, this all points to a more balanced market.

With listings still high and prices shifting slowly, there’s more room to negotiate—particularly for first-home buyers and investors looking for opportunities.

Davidson noted that even their modest forecast of a 5% national rise in 2025 may prove ambitious.

But he says stability could be just what the market needs.

“It’s an environment where more buyers can participate without prices running away again,” he said.

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