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Bounce-back in the number of residential properties going to auction but sales rate little-changed, with achieving rating valuation proving challenging

Property / news
Bounce-back in the number of residential properties going to auction but sales rate little-changed, with achieving rating valuation proving challenging
Auction bidders

Auction activity rose back to stronger levels this past week after the prior two holiday-shortened weeks.

The sales rate changed little, rising only to 36% from 34% the prior week.

But it was more of a struggle to achieve rating values this past week for the sales actually made, with only 47% achieving that price standard, down from 56% in the prior week.

This, in combination with the early winter market shift, is setting the tone.

But the new wildcard will be how buyer motivations alter in the face of the cost-of-living pressures that build from the fuel-cost increases. Will buyers look beyond that, or have it weigh on their interest?

After steadily declining from this year's high of 45% in early February, the sales rate appears to be settling at around a third.

One third of properties selling under the hammer, with two thirds being passed in or withdrawn, seems to be the new normal nationally, with some regional variations. The table below shows the latest regional results.

Details of the individual properties offered at all of the auctions monitored by interest.co.nz, including the selling prices of those that sold, are available on our Residential Auction Results page. 

Residential Auction Results
at auctions monitored by interest.co.nz
April 11 - 17, 2026
District Total Sold % sold % of selling prices above or equal to their rating valuation
Northland 25 13 52% 46%
Auckland Region 216 75 35% 47%
- Rodney 19 4 21% 75%
- North Shore 52 20 38% 60%
- Waitakere 21 9 43% 56%
- Central Suburbs 60 17 28% 41%
- Manukau 49 18 37% 33%
- Papakura 10 3 30% 67%
- Franklin 4 3 75% 0%
- Waiheke Island 1 1 100% 0%
Waikato 23 3 13% 67%
Coromandel 2 0 0% 0%
Bay of Plenty 37 9 24% 56%
Hawkes Bay 1 1 100% 0%
Manawatu/Whanganui 2 1 50% 0%
Wellington 7 3 43% 33%
Marlborough 2 0 0% 0%
Canterbury 41 20 49% 65%
Queenstown 7 4 57% 50%

 


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