2025 ended on a soft note but values should rise in 2026

The NZ property market ended 2025 quietly, with national values dipping to a median of $808,430. Performance was mixed across main centres, with Auckland values falling while cities like Christchurch and Tauranga saw modest gains.

According to Cotality's Chief Property Economist, 2025 was "broadly flat" due to conflicting forces. Looking ahead, a gradual recovery is expected, with a forecast of approximately 5% growth in national property values throughout 2026 as the economy improves.