Local Govt – Candidates announced for Porirua City Council elections
Source: Porirua City Council
Advocacy – Dental Advocacy Group Calls for Action on Dental Costs to Deal with Cost of Living Pain
Source: Dental for All
A group advocating for improved access to dental is calling on the Government to bring dental into the public healthcare system to ease cost of living pain.
Dental for All – a group of dentists, oral health therapists, unions, and poverty action groups – says that recently released research shows rising dental costs are adding to the strain faced by households.
New 2025 research published by University of Otago academics shows that between 1978 and 2023, fees for five core dental treatments increased by 75%-236% while earnings went up by 46%.
Hana Pilkinton-Ching, Dental for All spokesperson, said: “We already knew that dental care was cost-prohibitive, with almost half of us unable to afford it, but this latest research shows households dealing with high food and gas costs are also facing rising dental costs for essential care.”
The New Zealand Health Survey for 2023-2024 showed that 45% of people in New Zealand were unable to access dental care because of cost.
Pilkinton-Ching added: “We are calling on the Government to address this as a matter of urgency. There’s no good medical or policy reason why dental is carved out of our public healthcare system, and with dental costs continuing to rise the Government needs to get a grip on this.”
Research shows that untreated oral healthcare problems are associated with downstream health problems, including cardiovascular disease, diabetes, and cognitive decline and Alzheimer’s.
Work previously produced by Dental for All shows that keeping dental out of our public healthcare system is costing New Zealand $2.5bn in lost productivity and $3.1bn in reduced quality of life.
Employment – Government must come clean on plans to restrict public sector collective bargaining – PSA
Source: PSA
Property Market – Sellers slash $82 million from asking prices as market reality bites – RealEstate.co.nz
Source: Brainchild PR for RealEstate.co.nz
- More than $82 million was cut from asking prices in Q2 2025, nearly $20 million more than in Q1
- National average reduction per listing was $40,310
- Steepest single price cut was $750,000 on an Auckland lifestyle property.
Vendors across New Zealand collectively reduced their asking prices by $82 million in the second quarter of 2025, according to new data from realestate.co.nz. This was almost $20 million more than the $63 million in price reduction during the first quarter, but well below the $108 million trimmed from asking prices in the same period last year.
In Q2 2025, 2,040 properties listed on realestate.co.nz recorded a price drop, a 21.0% increase on Q1 2025 (1,686).
Vanessa Williams, spokesperson for realestate.co.nz, says the $80 million cut from property prices in Q2 suggests vendors are having to make bigger adjustments to meet market expectations.
“In Q2, we saw both the number of properties with price drops and the size of those reductions increase compared to the start of the year. While cuts aren’t as steep as they were in 2024, sellers are clearly making bigger moves to meet buyers and get deals across the line. This tells us buyers are in a strong position and many vendors are more willing to negotiate to secure a sale.”
The data compares the difference between a property’s initial asking price when listed on realestate.co.nz and its price at the point of sale or withdrawal. Although this isn’t the same as the final sale price, it does provide a clear signal of how much sellers have adjusted their expectations to meet buyer interest.
Premium markets lead price drops per listing
Nationally, there was an average of $40,310 trimmed from the 2,040 listed properties which reported a price drop in Q2.
The region with the largest total price drop was Auckland with $20,529,579, followed by Waikato with a total price drop of $9,443,509, and Wellington with $8,203,001. The regions with the lowest price drops in Q2 were: West Coast, $248,000; Gisborne, $270,000; and Wairarapa, $1,026,500.
The five largest single reductions were all in premium markets; the greatest of which was a property in Auckland, listed for $6,500,000 with a final asking price of $5,750,000, a price drop of $750,000. In Q1 2025,the largest price drop was also in Auckland. The property was originally listed for $4,899,500 and then reduced to $4,295,000 – a reduction of $604, 500.
“The biggest cuts are happening at the top end of the market, where a single adjustment can run into hundreds of thousands of dollars,” says Williams. “At the same time, many regional markets are seeing only modest reductions, showing just how varied price movement is across the country.”
Williams says although the market is stagnant, it doesn’t mean well-priced properties aren’t selling. If sellers meet buyers’ price expectations, the market will move, she adds.
Buyers using realestate.co.nz to search for a property will be notified of any price reduction to their saved listings.
About realestate.co.nz
We’ve been helping people buy, sell, or rent property since 1996.
Established before Google, realestate.co.nz is New Zealand’s longest-standing property website and the official website of the real estate industry.
Dedicated only to property, our mission is to empower people with a property search tool they can use to find the life they want to live. With residential, lifestyle, rural and commercial property listings, realestate.co.nz is the place to start for those looking to buy or sell property.
Whatever life you’re searching for, it all starts here.
Want more property insights?
- Market insights: Search by suburb to see median sale prices, popular property types and tr
Energy Sector – From Iceland to China – what New Zealand can learn about energy
Source: BusinessNZ
Property Market – New Zealand resale profits fall to lowest proportion in more than a decade – Cotality
Source: Cotality
New Zealand property owners are realising the lowest rate of resale profits in more than 10 years, as subdued values and elevated stock levels continue to give buyers the upper hand.
Cotality NZ’s latest Pain & Gain Report shows 89.4% of properties resold for more than their original purchase price in the June 2025 quarter, down from 90.7% in the March quarter and the lowest rate since mid-2014.
Hold periods a key factor
As a critical driver of resale outcomes, he said longer hold periods generally allow values to appreciate enough to smooth out any cyclical downturns.
Houses outperform apartments
“Recent tax changes, together with lower mortgage rates, have eased the pressure on landlords, and the data doesn’t point to any large-scale sell-off,” Mr Davidson said.
Main centres
“The flip side is that because the market has generally been more affordable, the resale gains tend to be smaller in dollar terms.”
Regional insights
Outlook
Energy Sector – Hot water heat pumps are next big thing – but need a push
Source: Chris Mardon
Bold action is needed to accelerate New Zealand’s transition to cleaner, more energy-efficient homes and businesses, says energy efficiency expert Dr Chris Mardon.
“Two ways are subsidising hot water heat pumps through the Warmer Kiwi Homes initiative, and helping homeowners improve energy efficiency through a Ratings Assistance Scheme,’ says energy efficiency expert Dr Chris Mardon.
Both are recommended in an excellent report by the New Zealand Green Building Council.[1]
“These initiatives would expand the use of hot water heat pumps across the country, modernise heating systems, reducing carbon emissions, and lower energy bills for Kiwi households.
“Hot water heat pumps are among the most efficient technologies available for residential and commercial water heating. By using electricity to transfer heat rather than generate it directly, these systems can reduce energy use by up to 75% compared to traditional electric or gas water heaters.
“Many countries offer incentives to homeowners and landlords to install hot water heat pumps – but not in New Zealand.
“Consequently, hardly any New Zealand homes and businesses have hot water heat pumps, with most using less efficient electric elements or gas water heaters. Hot water heat pumps are more efficient but they’re also – currently – more expensive, so their installation needs to be encouraged.
“To make heat pumps and hot water heat pumps more accessible, subsidies should be offered to both homes and businesses—mirroring successful programmes in Canada, the US, Europe, and Victoria, Australia. These incentives could be delivered through the Warmer Kiwi Homes programme,” Mardon says.
“Another method is the proposed Ratepayer Assistance Scheme (RAS), which allows ratepayers to borrow money to install energy efficient appliances such as hot water heat pumps, with repayments made over time through rates bills. A RAS is under development but requires enabling legislation.
“Together, these measures would represent a transformative shift in how New Zealand heats its homes and buildings—ushering in a cleaner, more resilient energy future,” Mardon says.
Media Advisory: Police shooting, Bryndwr
Source: New Zealand Police
Media are advised that Police will hold a stand-up today regarding the fatal Police shooting in Bryndwr.
Canterbury District Commander, Superintendent Tony Hill will speak to media at 12:15pm in central Christchurch.
We ask those media interested in attending to RSVP to media@police.govt.nz. Further details will be provided to registered media.
ENDS
Issued by Police Media Centre
Health and Education – Five times more Māori nurses needed to reflect population
Source: New Zealand Nurses Organisation
Name release, fatal crash, Ngongotahā Valley
Source: New Zealand Police
Police can now release the name of the person who died in the two-vehicle crash on Dansey Road, Ngongotahā Valley on Wednesday 22 May.
She was Sakura Hall, 2, of Mamaku.
Police extend their sympathies to her family and friends at this difficult time.
The circumstances of the crash remain under investigation.
ENDS
Issued by Police Media Centre