As we kicked off 2026, the property market across the Top of the South showed a mix of movement and steady conditions.

Key Market Stats

Nelson: Median sale price $735,000, down 8.9% year-on-yearMarlborough: Median sale price $660,000, up 3.9% year-on-yearTasman: Median sale price $810,000, up 3.2% year-on-yearAverage days to sell (region): 56 days

January typically sees lighter foot traffic compared to the peak selling months, and this year was no exception. Attendance at some open homes was quieter later in the month, though early-month activity remained solid.

Who’s Buying?

First home buyers continued to be the most active group across the region, closely followed by owner-occupiers. With rising interest rates and a notable supply of properties under the $1 million mark, the market remains favourable to buyers.

What This Means

After a busy end to 2025, the start of the year saw more measured activity. Buyers are taking time to weigh decisions, while sellers are generally pricing with market realities in mind.

As we move into autumn, many in the industry will be watching how interest rates and buyer confidence shape the next phase of the market.

Stay tuned for more local insights and updates as the year unfolds.

Data Compared to January 2025, REINZ Monthly Property Report (January 2026) Published February 2026.

If you’re investing in property, you’ll likely hear the term rental yield. Simply put, rental yield measures how much income a property earns compared to its value. It’s a helpful way to see how hard your investment is working for you.

At Summit Property Management, we help investors understand the numbers so they can make confident decisions.

What Is Gross Rental Yield?

Gross rental yield is the annual rental income expressed as a percentage of the property’s value. It’s a quick calculation and doesn’t include expenses.

Formula:
Gross Rental Yield = (Annual Rent ÷ Property Value) × 100

Example:
$600 per week × 52 weeks = $31,200 per year
$31,200 ÷ $700,000 × 100 = 4.46% gross yield

Gross yield is useful for comparing properties, but it doesn’t show the full picture.

What Is Net Rental Yield?

Net rental yield takes things a step further. It deducts costs such as:

RatesInsuranceMaintenanceProperty management fees

This gives you a clearer view of your true return.

Compare our fees

Do Your Research

Before purchasing an investment property, research comparable rentals, understand demand in the area, and obtain a professional rental appraisal. Calculating both gross and net yield will help you make informed, confident decisions.

If you’d like a rental appraisal or expert advice, contact Summit Property Management today.