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 property market ended 2025 softly, with Cotality data showing national values down -0.2% in December. The national median value now sits at $808,430. Performance was mixed across main centres, with Auckland falling while Christchurch and Tauranga saw modest rises.

While 2025 was considered "broadly flat," a modest recovery is expected for 2026. Cotality's Chief Property Economist forecasts roughly 5% growth in national values, driven by an improving economy, though variables like DTI rules remain.

The numbers at a glance

A "broadly flat" 2025

The outlook for 2026

Author

Kelvin Davidson Kelvin Davidson
Chief Property Economist, Cotality