Stay informed with Summit Real Estate. Explore current market conditions across Nelson, Tasman and Marlborough, and understand what’s happening in your local property market.
Want to know what properties have sold in your area?
Browse Summit’s recent sold listings or speak with one of our local salespeople for expert, suburb-specific insights.
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.
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.
Net rental yield takes things a step further. It deducts costs such as:
RatesInsuranceMaintenanceProperty management feesThis gives you a clearer view of your true return.
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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.
Buying a property at auction can feel fast paced and unfamiliar — but with the right preparation, it can also be one of the clearest and most confident ways to purchase.
Whether you’re a first home buyer, investor, or returning to the market, preparation is everything. Here’s what you need to know before auction day so you can bid with confidence.
With the right preparation and guidance, buying at auction can be a fast, transparent, and rewarding way to secure your next property.
If you’re thinking about bidding, talk to a financial adviser at Mortgage Money, who work closely with the experienced team at Summit Real Estate. From pre-approval through to unconditional finance, we’ll help you understand your options, stay within budget, and bid with confidence on the day.
Buyers Guide to Auction
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Number of Sales December2024
Number of Sales December2025
Average Number of Days to Sell*
Average Sale Price
Nelson
68
87
33 vs 35 in December 2024
$718,000
Tasman
46
74
30 vs 30 in December 2024
$810,000
Marlborough
73
70
30 vs 30 in December 2024
$660,000
Source: REINZ – New Zealand Property Report, December 2025 *Compared to December 2024, REINZ Monthly Property Report Published January 2026.
Nelson saw the median price decrease 4.3% year-on-year, settling at $718,000.
Marlborough experienced an uplift, with the median price up 6.5% year-on-year to $660,000.
Tasman recorded a slight softening, with the median price down 1.6% year-on-year to $810,000.
Across the region, first home buyers remain the most active segment, providing consistent momentum. Some overseas buyer activity was noted in Nelson, while the Marlborough Sounds saw a reduction in buyers operating above the $1 million price point.
Vendor expectations continue to adjust to current market conditions. As supply has begun to outweigh demand in some areas, many sellers are adopting a more realistic and pragmatic approach to pricing.
Open home attendance varied, with stronger turnout at selected properties, though overall numbers remained modest. Auction activity also differed by location. In Nelson, auctions are increasingly being used as a sales strategy by agents, while Blenheim saw limited auction attendance and lower seller confidence in auctions as a preferred method of sale.
Encouragingly, market sentiment is improving, driven by increased buyer interest, steady sales volumes, and growing positivity among participants. Local salespeople expect the market to remain a buyer’s market in the near term, with optimism that sales volumes will lift as both local and visiting buyers re-enter the market.
The Top of the South average days to sell currently sits at 35 days, reflecting a market that is active but still measured — rewarding well-presented, well-priced properties.
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Across the Top of the South and every corner of our region, our salespeople are renowned for providing exceptional service because our clients deserve nothing less.
Managing thousands of rental properties throughout the top of the South, the region's trusted name in property management saves you time and money, so you can make the most of yours.
With a team of over 100 strong in 6 locations throughout the Nelson, Tasman and Marlborough a friendly Summit branch is likely not too far from where you are.