Feature article

Property Pulse Report - Q1 2023

A quarterly review of the New Zealand property market.

Last updated: 15 May 2023

Welcome to our first Property Pulse Report for 2023, our latest resource to help you keep your finger on the pulse.

This report takes a look at how confident Kiwi buyers and homeowners are feeling, their main concerns as well as their intentions for the future. 

Key insights for Q1 include:

  • Most homeowners think house prices will continue to decline over the next 12 months but we are seeing a reduction in the number who think this. This suggests we may be nearing the bottom of the market.
  • As Aotearoa approaches a recession homeowners are pessimistic about selling their homes, with the majority (73%) believing it's a bad time to sell.
  • Property seekers are positive about the market, with 55% of them thinking now is a good time to buy a home.
  • The biggest concern for homeowners looking to sell is not getting the best price for their property. However, 12% of homeowners still plan to sell in the next 6 months.
Read the full report
Access data on supply & demand, methods of sale, and time to sell. Plus, see what the experts have to say.
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