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

The NZ property market ended 2025 softly, with Cotality reporting a slight dip in national values for December. The national median value now sits at $808,430, with the year considered "broadly flat" overall.

Performance was mixed across main centres, with Auckland falling while Christchurch and Dunedin rose. Looking ahead, Cotality forecasts around 5% growth in property values for 2026, supported by a recovering economy, though the election and DTI rules are factors to watch.

The numbers at a glance

A "broadly flat" 2025

The outlook for 2026

Author

Kelvin Davidson Kelvin Davidson
Chief Property Economist, Cotality