GREENFIELDS MARKET SNAPSHOT – JUNE 2025

Sales
Greenfields saw 255 residential sales in the 12 months to June 2025 — a 14% decline from the previous year. Despite the softer volume, house prices remain on the rise, with the median sitting at $591,000 — up 16% year-on-year. Most sales occurred in the $500,000 to $799,000 range, with 7% of homes selling for $800,000 or more.

Land
Only 6 land sales were recorded, well below historical norms. However, the median land price jumped to $350,000 — a sharp increase from previous years, likely due to limited supply and renewed interest in infill development.

Listings
There were 16 properties listed for sale on reiwa.com at the end of June — 33% higher than a year ago, yet still considered low. Homes are moving swiftly, with the median days to sell now at just 11.

Rentals
There were 156 rental transactions in Greenfields over the year, marking a 13% decline. The house median rent now sits at $560 per week — a 5.7% annual increase. Properties asking $600 or more per week made up 17% of leases.

Rentals Time on Market
The average time to lease has lengthened to 21 days, 8 days slower than this time last year. That said, demand remains steady, particularly for 3- and 4-bedroom homes which continue to attract consistent interest from local tenants.