News | Upper South Island
1 Jan 2026 11:54
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  •   Home > News > National > Upper South Island

    House prices are continuing to fall, but some parts of the country keep bucking the trend

    House prices are continuing to fall, but some parts of the country keep bucking the trend


    Real Estate Institute figures show the median price has fallen 1.7 percent in the past 12 months, with declines in Auckland and Wellington.

    But Canterbury's median rose 4-and-half percent.

    Institute Chief Executive, Jen Baird, says medians in Gisborne and Nelson also went up more than a quarter.

    Nelson's median price has reached an all-time record high of 840-thousand dollars.

    © 2026 Newstalk ZB, NZCity

     Other Upper South Island News
     30 Dec: Officials are closely monitoring strong winds across the West Coast, upper South Island, and lower North Island, which have left thousands of people without power
     28 Dec: Crews are cleaning up an oil spill along a stretch of State Highway 73, between Christchurch and the West Coast
     27 Dec: The holiday drowning toll stands at one - after a person was swept out to sea on Auckland's West Coast yesterday afternoon
     25 Dec: The West Coast is in for a soaking this Christmas, with heavy rain expected all day
     24 Dec: The South Island's West Coast is set to be lashed by rain this Christmas....for the rest of the country it's a mixed bag
     24 Dec: A Christmas miracle in Nelson - a cat stolen in a break-in at the SPCA ten months ago has been found
     23 Dec: Nelson Asofa-Solomona's return to the boxing ring will come against a fellow former rugby league player - and a former Warrior
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