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Is it a good time to invest in NZ property?

Weighing the pros and cons in a flat property market.

Kelvin Davidson
Last updated: 9 July 2025 | 4 min read
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AI summary

Despite a flat NZ property market, Cotality data shows more investors are buying. Key drivers include the two-year Brightline Test, restored mortgage interest deductibility, and lower mortgage rates improving weekly cashflow.

However, investors face risks like stalled rental growth, rising costs, political uncertainty, and new Debt-to-Income (DTI) rules.

With minimal recent capital gains, experts advise that a strong focus on cashflow is essential to service debt while navigating the current market.

A market of two halves

The pull factors: why investors are buying now

The push factors: the risks giving investors pause

The final word: it comes down to cash flow

Author

Kelvin Davidson Kelvin Davidson
Chief Property Economist, Cotality