Feature article

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

Looking toward this year in property.

Kelvin Davidson
Last updated: 12 January 2026 | 4 min read
AI

AI summary

New Zealand's property market ended 2025 quietly, with national values dipping slightly according to Cotality. The national median value now sits at $808,430, with performance mixed across main centres like Auckland (down) and Christchurch (up).

Cotality's Chief Property Economist describes 2025 as "broadly flat" due to conflicting forces like lower mortgage rates and a weak economy.

Looking ahead, a forecast of roughly 5% growth is expected for 2026 as the economy improves, though DTI restrictions remain a key factor.

The numbers at a glance

A "broadly flat" 2025

The outlook for 2026

Author

Kelvin Davidson Kelvin Davidson
Chief Property Economist, Cotality