Act quickly if you want to upsize!

If you’ve been thinking about upsizing your home, there’s some encouraging news in the latest market data.

New research shows that the price gap between three- and four-bedroom homes is shrinking, particularly in key areas like Auckland City and Wellington. This “trade-up premium” has fallen by around 5–6% over the past year, which means it’s now slightly more affordable to make that next move.

In Auckland City, for example, the step up to a four-bedroom home now requires an average of $601,000—still significant, but over $32,000 less than this time last year. Similar trends are being seen across Manukau, the North Shore, and Rodney, where the upgrade costs have also dropped.

What’s driving this?

• Four-bedroom house values have dipped slightly more than three-bedrooms

• Mortgage rates have recently fallen

• There’s a wide selection of homes on the market

Of course, if you're selling before buying, there are still challenges—especially with conditional offers. But with market conditions easing and trading-up becoming more achievable, now could be a great time to explore your next step.

If you're curious about what your current home is worth—or what’s available in the four-bedroom space—I’d be happy to help you assess your options.

Let’s chat if an upgrade might be on the cards.