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
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The NZ property market ended 2025 softly, with national values dipping to a median of $808,430. Cotality notes a split performance, with values falling in Auckland and Hamilton but rising in Christchurch, Dunedin, and Tauranga.

Despite a slight annual dip, the year was considered "broadly flat" due to conflicting forces. Looking ahead, Cotality forecasts a return to growth, predicting a 5% rise in national property values for 2026, influenced by a strengthening economy and other key variables.

The numbers at a glance

A "broadly flat" 2025

The outlook for 2026

Author

Kelvin Davidson Kelvin Davidson
Chief Property Economist, Cotality