Steve Koerber’s Remuera Quarterly Report

Remuera property – resilient through the cycles

Q3 2026July, August, SeptemberRemuera Grammar Zone edition

By Steve Koerber

Front page of the Q3 2026 Remuera Quarterly Report
The printed issue, delivered by hand · October 2026

  • Annual median sale price

    $2,000,000

    12 months to September 2026

    −0.9% from $2,018,800, 12 months to September 2025

  • Annual number of sales

    414

    12 months to September 2026

    +11% from 373, 12 months to September 2025

Includes all Grammar & Non-Grammar zone sales.

From Steve

Remuera has long been one of Auckland’s most resilient suburbs. Markets will always move through cycles, yet owning a home in this premium city-fringe location has consistently proved a sound decision.

That resilience tells only part of the story. Nila and I often reflect on how fortunate we are to live and work here. Remuera offers something rare: a community where people consistently live meaningful lives and feel connected. Its social, economic, and environmental advantages are woven into daily life.

That belonging explains why so many residents stay for longer. The 2023 Census showed Remuera has a higher proportion of residents aged over 65 than many other suburbs. People want to remain near the medical mile, our hospitals, and their grandchildren’s schools.

Throughout my 3 decades in Remuera real estate, a number of prominent homes have never been listed for sale; instead, they passed quietly to the next generation. Of the 1500+ Remuera homes I’ve had the privilege of selling, my oldest vendor was a sprightly 100-year-old lady, and the youngest buyer a 19-year-old entrepreneur. I learned a lot from them, and everyone in between.

Established communities like ours have learned to adapt to change. Every three years, New Zealanders hope the incoming government will resolve what previous governments could not. Some argue that 4-year election cycles would help achieve more. What do you think? The 4-year effect on property would be modest; however, over time, fewer election cycles could reduce the typical hesitation I’ve always seen from buyers and sellers.

That hesitation has more impact when uncertainty is already present. Today, like our political leaders who are confronting local and international headwinds, Remuera faces genuine challenges. Yet when median prices have softened by more than 20 per cent since 2022, history suggests the greater risk may lie in waiting too long. Prices are likely to rise sooner rather than later. I’ve personally witnessed home prices taking off well before anyone realises they have – several times. I watch for an increase in bidder numbers, more multiple offers, etc. Our market can turn quickly!

In property, as in life, perspective, patience, and sound judgement matter greatly. Ultimately, Remuera rewards those who understand its inherent value as a premium suburb.

Steve Koerber

Ten years of Remuera

The rolling median sale price, as the red line, and the number of sales each quarter, from 2016 to the third quarter of 2026.

Remuera rolling median sale price and quarterly number of salesFrom Q1 2016 to Q3 2026. The rolling median ends at $1,962,500; 110 sales in the last quarter. The figures are in the table below.$1.5m$2m$2.5m010020030020162017201820192020202120222023202420252026$1,962,500, Q3 2026$2,596,250, Q2 2022$1,611,250, Q3 2019290Remuera rolling median sale price and quarterly number of salesFrom Q1 2016 to Q3 2026. The rolling median ends at $1,962,500; 110 sales in the last quarter. The figures are in the table below.$1.5m$2m$2.5m010020030020162017201820192020202120222023202420252026$1,962,500, Q3 2026$2,596,250, Q2 2022$1,611,250, Q3 2019Remuera rolling median sale price and quarterly number of salesFrom Q1 2016 to Q3 2026. The rolling median ends at $1,962,500; 110 sales in the last quarter. The figures are in the table below.$1.5m$2m$2.5m0100200300201620182020202220242026$1,962,500, Q3 2026$2,596,250, Q2 2022$1,611,250, Q3 2019Remuera rolling median sale price and quarterly number of salesFrom Q1 2016 to Q3 2026. The rolling median ends at $1,962,500; 110 sales in the last quarter. The figures are in the table below.$1.5m$2m$2.5m0100200300201620182020202220242026$1,962,500, Q3 2026$2,596,250, Q2 2022$1,611,250, Q3 2019Remuera rolling median sale price and quarterly number of salesFrom Q1 2016 to Q3 2026. The rolling median ends at $1,962,500; 110 sales in the last quarter. The figures are in the table below.$1.5m$2m$2.5m01002003002017202020232026$1,962,500$2,596,250, Q2 2022$1,611,250
Median sale price is calculated on a 12-month rolling basis and updated quarterly. Data is sourced from REINZ and includes all settled residential sales in Remuera.

Reading the chart

The red line

Each point is the median of the last four quarterly medians. The scale is on the left.

Why $1,962,500, not $2,000,000

The line ends at $1,962,500, the median of the four quarterly medians from Q4 2025 to Q3 2026. The $2,000,000 above is the annual median sale price for the 12 months to September 2026. They cover different periods.

The bars

The number of settled sales in each quarter. The scale is on the right. The busiest quarter was Q4 2020, with 290 sales; the latest, Q3 2026, had 110.

The figures behind the chart
QuarterSalesAnnual median
Q3 2026110$1,962,500
Q2 2026119$1,902,500
Q1 202694$1,902,500
Q4 2025130$2,015,000
Q3 2025113$2,125,000
Q2 2025143$2,125,000
Q1 202598$2,162,500
Q4 2024150$2,177,500
Q3 2024116$2,115,000
Q2 2024104$2,115,000
Q1 202487$2,002,500
Q4 2023126$2,002,500
Q3 202396$2,041,500
Q2 2023127$2,176,500
Q1 202379$2,323,750
Q4 202293$2,473,750
Q3 2022106$2,518,750
Q2 202298$2,596,250
Q1 2022101$2,577,500
Q4 2021181$2,532,500
Q3 2021124$2,312,500
Q2 2021181$2,217,500
Q1 2021219$2,197,500
Q4 2020290$2,025,000
Q3 2020183$1,817,250
Q2 2020133$1,764,750
Q1 2020148$1,637,250
Q4 2019144$1,637,250
Q3 2019135$1,611,250
Q2 2019139$1,705,000
Q1 2019122$1,777,750
Q4 2018122$1,765,000
Q3 2018114$1,795,250
Q2 2018159$1,839,000
Q1 2018122$1,891,250
Q4 2017157$1,891,250
Q3 2017106$1,891,250
Q2 2017131$1,821,250
Q1 2017123$1,702,500
Q4 2016154$1,662,500
Q3 2016158$1,625,444
Q2 2016191$1,625,444
Q1 2016161$1,635,444

Sold this quarter

63 Remuera sales from the printed issue, across every agency. Nine were Steve and Nila’s.

Sold by Steve and Nila

  • 15 Belmont Terrace374m² · 4 bed · 3 bath · CV $2,275,000 (2024)$2,539,000
  • 2 Brookland Place309m² · 4 bed · 3 bath · CV $1,975,000 (2024)$2,352,000
  • 47 Combes Road610m² · 4 bed · 2 bath · CV $3,500,000 (2024)$3,290,000
  • 24 Norana Avenue567m² · 3 bed · 1 bath · CV $2,750,000 (2024)$2,880,000
  • 19 Rangitoto AvenueCross Lease · 2 bed · 1 bath · CV $1,425,000 (2024)$1,515,000
  • 10D Standen Avenue392m² · 4 bed · 4 bath · CV $2,700,000 (2024)$2,798,000
  • 73C Benson Road outside the Grammar zoneCross Lease · 3 bed · 2 bath · CV $2,025,000 (2024)$1,775,000
  • 69A Benson Road outside the Grammar zone370m² · 4 bed · 2 bath · CV $2,700,000 (2024)$3,100,000
  • 10 Hubert Henderson Place outside the Grammar zone637m² · 4 bed · 2 bath · CV $1,775,000 (2024)$1,780,000
Every sale in the issue 63
  • 33B Armadale RoadCross Lease · 3 bed · 1 bath · CV $1,325,000 (2024)$1,130,000
  • 21A Armadale Road288m² · 5 bed · 4 bath · CV $2,725,000 (2024)$2,410,000
  • 40 Arney Crescent888m² · 4 bed · 2 bath · CV $4,225,000 (2024)$3,200,000
  • 18 Arney Road1012m² · 4 bed · 2 bath · CV $4,500,000 (2024)$3,500,000
  • 2/31 Ascot Avenue248m² · 3 bed · 1 bath · CV $1,225,000 (2024)$1,195,000
  • 139 Bassett RoadCross Lease · 2 bed · 1 bath · CV $1,350,000 (2024)$1,200,000
  • 111 Bassett RoadCross Lease · 3 bed · 2 bath · CV $2,275,000 (2024)$1,975,000
  • 83 Bassett RoadCross Lease · 3 bed · 2 bath · CV $2,750,000 (2024)$2,000,000
  • 85 Bassett Road668m² · 3 bed · 2 bath · CV $4,525,000 (2024)$3,510,000
  • 9 Bell Road693m² · 4 bed · 2 bath · CV $3,625,000 (2024)$3,375,000
  • 15 Belmont Terrace374m² · 4 bed · 3 bath · CV $2,275,000 (2024)$2,539,000
  • 6A Benson RoadCross Lease · 3 bed · 1 bath · CV $1,750,000 (2024)$1,600,000
  • 35 Benson Road622m² · 3 bed · 1 bath · CV $2,875,000 (2024)$2,720,000
  • 2 Brookland Place309m² · 4 bed · 3 bath · CV $1,975,000 (2024)$2,352,000
  • 1A Burwood Crescent845m² · 3 bed · 2 bath · CV $4,525,000 (2024)$4,200,000
  • 3/23 Clonbern RoadCross Lease · 3 bed · 2 bath · CV $1,450,000 (2024)$1,530,000
  • 11B Clonbern Road475m² · 4 bed · 3 bath · CV $1,950,000 (2024)$1,700,000
  • 1/22 Clonbern RoadCross Lease · 3 bed · 2 bath · CV $2,025,000 (2024)$2,100,000
  • 59 Clonbern Road1067m² · 5 bed · 2 bath · CV $3,000,000 (2024)$3,200,000
  • 9 Combes RoadCross Lease · 3 bed · 2 bath · CV $1,825,000 (2024)$1,825,000
  • 47 Combes Road610m² · 4 bed · 2 bath · CV $3,500,000 (2024)$3,290,000
  • 2/26 Cotter AvenueCross Lease · 2 bed · 1 bath · CV $840,000 (2024)$698,000
  • 30A Green Lane EastCross Lease · 3 bed · 2 bath · CV $1,325,000 (2024)$1,457,000
  • 1/45 Hapua StreetCross Lease · 1 bed · 1 bath · CV $760,000 (2024)$690,000
  • 8 Hiriri AvenueCross Lease · 3 bed · 2 bath · CV $2,200,000 (2024)$2,700,000
  • 11 Joseph Banks Terrace292m² · 3 bed · 3 bath · CV $2,050,000 (2024)$2,350,000
  • 3 Joseph Banks Terrace293m² · 4 bed · 3 bath · CV $2,050,000 (2024)$3,000,000
  • 24 Lingarth Street746m² · 3 bed · 1 bath · CV $2,600,000 (2024)$1,715,000
  • 42 Mahoe Avenue601m² · 5 bed · 4 bath · CV $3,425,000 (2024)$3,580,000
  • 13 Mamie Street412m² · 4 bed · 2 bath · CV $2,850,000 (2024)$2,550,000
  • 24 Norana Avenue567m² · 3 bed · 1 bath · CV $2,750,000 (2024)$2,880,000
  • 11 Ohinerau Street533m² · 3 bed · 1 bath · CV $1,925,000 (2024)$2,118,000
  • 36 Omahu Road991m² · 4 bed · 3 bath · CV $4,350,000 (2024)$4,000,000
  • 22B Omahu Road705m² · 5 bed · 4 bath · CV $4,175,000 (2024)$4,320,000
  • 20B Orakei Road602m² · 6 bed · 6 bath · CV $5,250,000 (2024)$4,470,000
  • 144 Orakei Road1791m² · 6 bed · 4 bath · CV $11,800,000 (2024)$12,020,000
  • 19 Rangitoto AvenueCross Lease · 2 bed · 1 bath · CV $1,425,000 (2024)$1,515,000
  • 8 Ranui Road640m² · 4 bed · 2 bath · CV $3,550,000 (2024)$2,918,800
  • 23/68 Remuera RoadUnit Title · 4 bed · 2 bath · CV $1,375,000 (2024)$1,350,000
  • 4/439 Remuera RoadUnit Title · 2 bed · 2 bath · CV $1,600,000 (2024)$1,490,000
  • 2W/406 Remuera RoadUnit Title · 3 bed · 2 bath · CV $2,900,000 (2024)$1,800,000
  • 2/456 Remuera RoadUnit Title · 3 bed · 2 bath · CV $2,775,000 (2024)$2,550,000
  • 25 Ridings Road802m² · 5 bed · 3 bath · CV $4,725,000 (2024)Phone Steve
  • 2A Scherff Road698m² · 3 bed · 2 bath · CV $2,150,000 (2024)$2,110,000
  • 10 + 12 Scherff Road2505m² · 5 bed · 1 bath · CV $5,675,000 (2024)$4,000,000
  • 28A Seaview RoadCross Lease · 3 bed · 1 bath · CV $2,075,000 (2024)$1,648,000
  • 45 Seaview Road997m² · 3 bed · 2 bath · CV $4,550,000 (2024)$3,570,000
  • 71 Seaview Road956m² · 3 bed · 1 bath · CV $4,050,000 (2024)$4,500,000
  • 18 Shera RoadUnit Title · 3 bed · 2 bath · CV $1,525,000 (2024)$1,220,000
  • 17 Shera RoadCross Lease · 3 bed · 1 bath · CV $1,475,000 (2024)$1,350,000
  • 10/1 Shore Road253m² · 3 bed · 1 bath · CV $1,700,000 (2024)$1,080,000
  • 403/12 St Marks RoadUnit Title · 1 bed · 1 bath · CV $730,000 (2024)$570,000
  • 10D Standen Avenue392m² · 4 bed · 4 bath · CV $2,700,000 (2024)$2,798,000
  • 22C Standen Avenue482m² · 5 bed · 3 bath · CV $2,725,000 (2024)$2,910,000
  • 142 Upland Road610m² · 4 bed · 3 bath · CV $4,300,000 (2024)Phone Steve
  • 244C Victoria Avenue218m² · 4 bed · 4 bath · CV $3,200,000 (2024)$2,588,000
  • 204/4 Victoria AvenueUnit Title · 3 bed · 3 bath · CV $5,400,000 (2024)$4,300,000
  • 147B Victoria Avenue600m² · 4 bed · 3 bath · CV $4,225,000 (2024)$4,500,000
  • 9 Walton Street705m² · 5 bed · 5 bath · CV $5,100,000 (2024)Phone Steve
  • 26A Wiles AvenueCross Lease · 3 bed · 2 bath · CV $1,800,000 (2024)$1,530,000
  • 73C Benson Road outside the Grammar zoneCross Lease · 3 bed · 2 bath · CV $2,025,000 (2024)$1,775,000
  • 69A Benson Road outside the Grammar zone370m² · 4 bed · 2 bath · CV $2,700,000 (2024)$3,100,000
  • 10 Hubert Henderson Place outside the Grammar zone637m² · 4 bed · 2 bath · CV $1,775,000 (2024)$1,780,000

This issue of Steve Koerber’s Quarterly Report features a wide selection of recent residential property sales. Data is sourced from published reports of sales across all real estate agencies and may include private sales. While every reasonable effort is made to ensure accuracy, inaccuracies can occur. We recommend making your own enquiries to confirm all details. Bayleys Real Estate Ltd, Remuera (Licensed under the REA Act 2008), accepts no responsibility should any information in this report prove to be incomplete or incorrect.

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