WELCOME TO THE June 2025
P u BLISH e R
Century 21 New Zealand Ltd
CO n TRIB u TORS
REINZ
Julius Capilitan
e DITORIAL en Q u IRI e S
Century 21 New Zealand +64 9414 6041
ADV e RTISI n G en Q u IRI e S
Century 21 New Zealand +64 9414 6041
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By Julius Capilitan
C A u TIO u S CO n FID en C e R e T u R n S TO THe PROPeRTY MARK e T
BY REINZ
The Real Estate Institute of New Zealand (REINZ) has released figures for May, revealing a moderately more active market as the country heads into the winter season. While the number of sales has increased compared to the same period last year, this growth has been accompanied by a decline in the national median price and a slowdown in the number of new listings coming to the market.
New Zealand’s median price has seen a year-on-year decline of 0.9%, settling at $763,000. When considering New Zealand, excluding Auckland, the median price remained stable over the year at $689,000. Conversely, Auckland experienced a year-on-year decline of 3.5%, resulting in its median price reaching $975,000.
Eight out of the sixteen regions have reported an increase in median prices compared to May last year,
with Southland leading with a notable 10.0% increase, rising from $450,000 to $495,000. The most significant year-on-year decline in median price was observed in Manawatu-Whanganui, which decreased by 5.4%, from $560,000 to $530,000.
The stability in interest rates has encouraged more buyers to enter the market, though levels of confidence vary by region.
While some areas are experiencing
consistent conditions, certain cities are still navigating changes in affordability and demand trends.
In May 2025, the number of properties sold in New Zealand rose by 8.9% compared to the same month last year, increasing from 6,579 to 7,166 sales.
When excluding Auckland, sales increased by 11.3%, from 4,593 to 5,114. Regionally, Northland recorded the highest year-on-year increase, rising 33.3% from 171 to 228 sales. Other regions with notable sales increases included Tasman (+29.7%), Marlborough (+23.1%), and Manawatu-Whanganui (+18.7%).
This May, New Zealand experienced a 2.9% increase in listings compared to the year prior, totalling 9,489 listings. However, when excluding Auckland, there was a slight decline of 0.9% in listings, totalling 5,835. The inventory levels in New Zealand
ANNUAL MEDIAN PRICE CHANGES
continue to rise, increasing by 5.6% year-on-year to 34,415 properties available for sale.
Nationally, 875 auction sales were reported, representing 12.2% of all sales. For New Zealand, excluding Auckland, there were 434 auction sales, accounting for 8.5% of the total sales. Additionally, the median number of days to sell properties in New Zealand has increased, rising by three days to 47, while in New Zealand, excluding Auckland, it rose by four days to 47.
The increase in the median days to sell reflects a market that, while more active in terms of transactions, is also characterised by greater buyer caution. Purchasers are taking longer to co mmit, w hich
local agents suggest could be due to a lack of buyer urgency and the fact that buyers have time to find a property that best suits them.
The House Price Index (HPI) for New Zealand is currently at 3,601, showing a year-on-year increase of 0.1% and a decrease of 0.6% compared to April 2025. Over the past five years, the average annual growth rate of New Zealand’s HPI has been 4.2%. Southland remains the highest-ranked region for HPI movement, taking the top place for 11 consecutive months.
F ROM COLD TO SOLD: HOW TO PR e PAR e YO u R FI n A n C e S FOR A SPRI n G P u RCHAS e
BY JULIUS CAPILITAN , C21 FINANCIAL
Winter might feel like a quiet time in the housing market, but it’s actually the best time to prepare for a spring purchase. With interest rates softening, lending criteria easing, and more listings expected in the warmer months, getting financially ready now could give you a serious head start.
Let’s unpack what’s happening in the market – and what it means for you.
INTEREST RATES ARE EASING – AND SO IS THE OCR
The Reserve Ban k r ecently dropped the Official Cash Rate (OCR) to 3.25%, continuing its cautious strategy to support the economy without reigniting inflation. While another drop to 3% is possible later this year, we’re already seeing banks respond with competitive fixed rate offerings.
At the time of writing, many buyers can now secure a 1-year fixed rate of 4.95% , and for eligible First Home Loan applicants, rates as low as 4.29% are still available.
Julius says:
“ Whether you're a first-home buyer or refinancing, it's worth reviewing your options – you could save hundreds a month, for some a week. With banks being quiet the last few months, they now seem to have
a larger appetite and thus create more opportunity for those in the lending space.
WHAT’S CHANGED IN LENDING?
Banks have m ade several borrower-friendly tweaks in recent months:
• Lower test rates , making it easier to meet servicing requirements and access more funds
• More flexibility for boarder income or second earners
• Improved options for high-LVR borrowers , including cashbacks for most borrowers
If you’re not sure what LVR means, it stands for Loan-to-Value Ratio – essentially the portion of the home's value you're borrowing against. A high-LVR loan (typically over 80%) means you’re putting down less than a 20% deposit. While this can sometimes come with tighter criteria, many lenders are now more open to supporting high-LVR borrowers again.
STEPS YOU CAN TAKE THIS WINTER
If you’re hoping to buy in spring (or just want to explore the idea), now is the time to prepare:
Check your credit score and reduce short-term debt
Get your budget in shape –including saving for upfront costs (legal fees, valuation, builders report, etc.)
Talk to an adviser about pre-approval – valid for 90 days
Having pre-approval in place means you can act fast once listings pick up. It’s non-committal, but gives you clarity and confidence around your buying power.
SPRING IS COMPETITIVE – GET AHEAD NOW
Spring brings a surge of new listings, but it also brings more buyers into the market. In key centres like Auckland and
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Wellington, competition is already heating up. And while house prices remain 15-25% below 2021 peaks , we may be near the bottom of the market, with many economists expecting a modest recovery ahead.
Julius says:
“Don’t wait for the sunshine to sort your finances. The sharp buyers are the ones who start early – they’re ready to go the moment the right home hits the market.”
FIX, FLOAT OR SPLIT? WE CAN HELP YOU DECIDE
Should you fix for a year at today’s low rates? Float and wait for the next OCR drop? Or split your mortgage across different terms?
Century 21 Financial helps everyday Kiwis make smart, tailored mortgage decisions. Whether you’re a first-home buyer, self-employed, or just wanting to save on your current loan, they can do the maths and help you choose a strategy that fits.
Winter’s already here, but spring’s just around the corner – let’s make your next move the mortgage win of the century.
H OW TO STYL e YO u R en TRYWAY TO IMPReSS BuYeRS (A
n D YO u RS
e LF)
Your entryway is the first and last impression people have of your home, but let's be honest, it's often the most overlooked. We drop our bags, kick off our shoes, and rarely give it a second thought. But with a few thoughtful styling choices, your entry can become so much more than a dumping ground. It can be a beautiful, functional space that welcomes you (and your guests) home.
Think of it as your home's handshake, small, but powerful. Here are seven easy ways to transform your entryway into a space that feels intentional, warm, and full of personality.
START WITH A STYLISH CONSOLE OR BENCH
A slimline console table or bench is the foundation of a well-styled entry. It gives you somewhere to
drop keys, display decor, or sit while popping on your shoes.
If space is tight, opt for floating shelves or a small stool. Natural wood tones or rattan are trending for that relaxed, Aussie-coastal vibe.
LAYER IN A MIRROR
Not only does a mirror bounce light around and make the space feel bigger, but it's also handy for a last-minute check before you head out the door.
Round mirrors soften the space and feel more welcoming, while an arched shape adds a touch of elegance.
ADD A RUG THAT CAN HANDLE THE TRAFFIC
A hardworking rug defines the entry space and adds instant texture and warmth. Choose one that's durable, easy to clean, and fits the scale of your space.
Go for a pattern or darker tone that hides dirt. Look for natural fibres like jute or indoor/outdoor blends for resilience.
INCORPORATE A NATURAL ELEMENT
Bringing the outdoors in gives your entryway a grounded, calming feel. Think greenery, dried florals, or a bowl of river stones.
A potted plant on the floor or a small vase on the console works beautifully. Snake plants and peace lilies are great low-maintenance options.
USE BASKETS FOR STYLE & STORAGE
Stylish storage is a must, especially if your entry tends to collect shoes, umbrellas, or reusable bags.
Woven baskets keep clutter out of sight while adding texture. Tuck them under a bench or beside the door.
ADD LIGHTING FOR AMBIENCE
If your entryway doesn't get much natural light, consider a wall sconce or table lamp to create a soft, welcoming glow.
A warm-toned bulb makes all the difference. Choose lighting that complements your console for a cohesive look.
FINISH WITH SOMETHING PERSONAL
Your entryway should feel like you. Add a framed photo, a piece of artwork you love, or a small bowl from a market trip, it's those little touches that make a space feel lived-in and loved.
Rotate items seasonally or whenever you need a refresh. It keeps things feeling fresh without having to restyle everything.
BEFORE YOU HEAD OUT
You don't need a grand foyer to create a beautiful, functional entryway. Just a few tiny touches can turn it into a moment of calm and joy at the start and end of every day. With a bit of intention and creativity, even the smallest of spaces can make a big impression.
Thinking about restyling your home before you sell or just want to love your space a little more?
Chat with your local Century 21 agent for expert tips on how small improvements can boost appeal and value.
H OM e IS WH e R e COnneCTIOn HAPPenS: SIMPLe WAYS TO MAKe IT F ee L THAT WAY THIS WI n T e R
As we step into the cooler months, our homes naturally become havens of comfort, warmth, and connection. But rather than just simply providing shelter, our homes can play a bigger role and can set the stage for the relationships that matter most. From sharing meals, engaging in light conversations over a cup of tea, or simply spending time in the same space, the way your home is laid out and designed can shape how connected you feel to those around you.
This wi nter, let’s explore how thoughtful and intentional changes to your space can invite more meaningful moments, not just during the colder months, but throughout the ye ar.
DESIGN FOR CONVERSATION, NOT JUST CONVENIENCE
W hen we furnish a space, we often think in terms of practicality where the TV fits best or which side has the best lighting. But if connection is your goal, consider shifting the layout to support face-to-face moments. A lounge setting that brings chairs and sofas closer together, oriented around a central point like a coffee table or fireplace, makes it easier to chat, share stories, and feel present. A cosy nook with two armchairs
and a lamp is more than décor, it’s an invitation to slow down and connect.
THE DINING TABLE IS YOUR ANCHOR
During winter, when we spend more time indoors, the dining table often becomes the heartbeat of the home. It’s where meals turn into memories and simple dinners become long, laughter-filled conversations. Make this space more inviting with layered textures like linen runners, timber accents, or soft lighting. Candles or pendant lights with warm tones add ambience that subtly encourages people to linger a little longer. And if you can, make it a phone-free zone, because the most meaningful moments happen when we’re truly present, not just nearby.
LET LIGHTING WORK IT'S QUIET MAGIC
With shorter days and longer nights, lighting takes on a new level of importance. Rather than relying solely on harsh overheads, try creating layers of light throughout your home. Table lamps, floor lamps, and even string lights can add warmth and softness, making a space feel calm and lived-in. When a room is gently lit, it becomes less of a place to rush through and more of a place to unwind, which naturally encourages togetherness.
SET THE MOOD WITH SCENT AND SOUND
Our sense of smell and hearing are powerful triggers for emotion and comfort. In winter, diffusing warm, grounding scents like
Iimage: Clay Banks on Unsplash
vanilla, cedarwood or cinnamon can instantly make your space feel more welcoming. Meanwhile, gentle background music like acoustic, lo-fi, or mellow jazz, creates an atmosphere that invites people to settle in. It’s the small, often invisible touches that shape how a space feels. They help turn a house into a home.
CREATE SHARED SPACES FOR SHARED MOMENTS
Think beyond function and look for ways to create areas in your home that naturally invite shared experiences. A reading corner with a couple of throw blankets, a puzzle set out on the coffee table, or even a dedicated shelf with board games or art supplies can all encourage spontaneous moments of connection. These shared-use zones don’t need to be big, they just need to be easy, accessible, and welcoming.
HOME IS WHERE CLOSENESS CAN BLOOM
As the pace of life slows down in winter, we have a special opportunity to reconnect, not only with our space, but with each other. Designing with connection in mind doesn’t mean a full renovation. Often, it’s the subtle shifts in layout, lighting, texture, and intention that make the biggest impact.
Whether you’re preparing your home for winter or simply craving more closeness, small design choices can help you build a space where connection naturally happens.
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