GREENFIELDS MARKET SNAPSHOT – AUGUST 2025

Greenfields experienced a moderate August with a lift in sales and prices holding firm while rental stock
increased and leasing times stretched slightly.

SALES

There were 17 residential sales recorded for the month which is up from July but still 15 percent lower than the same time last year. The median house price remained steady at $600,000 showing 11 percent growth over the year.

LISTINGS

At the end of August there were 12 properties listed for sale which is slightly lower than July and 7.7 percent down year on year. Buyer activity is still evident despite reduced listings.

LAND

One land sale was recorded during the month with a median price of $200,000. Three blocks were listed for sale by the end of August showing moderate availability in the area.

SALES TIME ON MARKET

Houses sold in a median of 14 days which is slightly longer than last month but still very quick by local
standards. Land took a median of 12 days to sell maintaining a healthy turnaround.

RENTALS

Rental activity softened slightly with 12 leases signed in August. The median rent for houses rose to $575 per week which is 7.5 percent higher than a year ago.

RENTALS TIME ON MARKET

There were 19 properties listed for rent at the end of August. Homes leased in a median of 31 days which is a touch slower than the previous month but still within a typical range for Greenfields