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Townhouse Resales Drop $49,500 Median, Buyers Lured by Cashback

5/21/2026

44 8 Full Breakdown

Summary

Story summary

A townhouse on Ventnor in Remuera sold for $890,000 less than its purchase price in 4.2 years, largest loss.
In Q1 2026 NZ townhouses resold at a median loss of $49,500, below 2022 purchase prices, prompting agents to note buyers facing competition from developments offering cashback and low-deposit options.
The market holds 242,000 townhouses, 48,000 more than eight years ago, with listings at 120 days versus 96 days for houses.

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Story summary

A townhouse on Ventnor in Remuera sold for $890,000 less than its purchase price in 4.2 years, largest loss.
In Q1 2026 NZ townhouses resold at a median loss of $49,500, below 2022 purchase prices, prompting agents to note buyers facing competition from developments offering cashback and low-deposit options.
The market holds 242,000 townhouses, 48,000 more than eight years ago, with listings at 120 days versus 96 days for houses.