Feature article
Property value upturn remains elusive for now
The numbers show a market that is steady but not surging.
AI summary
The New Zealand property market remains flat, with the Cotality Home Value Index showing no growth in November. While national values are stagnant, there are regional differences. Auckland continues to fall, but cities like Hamilton and Christchurch are seeing modest increases.
Cotality's Kelvin Davidson attributes the stall to two key factors:
- High stock levels giving buyers pricing power
- A weak labour market impacting confidence
A cautious outlook predicts modest growth in 2026, potentially capped by DTI restrictions.
The national picture
A region-by-region breakdown
Why aren't prices rising faster?
Looking ahead to 2026
Author
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