They were singing the winter blues at the latest residential property auctions with activity levels remaining at a very low level.
Interest.co.nz monitored the auctions of 296 residential properties around the country over the week of 6-12 June, which was the second week in a row that fewer than 300 properties have been on offer at the auctions we follow.
Of those, 111 properties were sold under the hammer, giving an overall sales rate of 38%. That at least pushed it back up over a third, compared to the 32% sales rate over the week of May 30 to June 5.
If auction activity follows its normal seasonal trend, it should continue to slowly weaken over the next couple of months before bottoming out around mid-August, then pick again with the arrival of spring in September.
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.
The comment stream on this article is now closed.
5 Comments
Specu exit is failing at the demanded price points.
🍿
https://www.1news.co.nz/2026/06/14/should-the-boost-in-aussie-house-pri…
Articles like this should be plastered with a “paid advertisement”
Indeed, massive drops by xmas then?
New Zealand and Australia tend to move together
New Zealand does not copy Australia’s housing market exactly.
Though research from ASB found New Zealand and Australian house prices have often moved in similar directions. Typically, New Zealand lags Australia by six to nine months.
That makes Australia useful to watch.
We welcome your comments below. If you are not already registered, please register to comment
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.