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 recovery is stalled, with the Cotality Home Value Index showing flat national values in November, still well below the 2022 peak.
Regional performance varies greatly. Auckland values continue to fall, while cities like Hamilton, Tauranga, and Christchurch are experiencing growth.
According to Cotality, high stock levels and labour market caution are restraining prices. Modest growth is forecast for 2026, though potential restrictions like debt-to-income (DTI) limits could cap gains.
The national picture
A region-by-region breakdown
Why aren't prices rising faster?
Looking ahead to 2026
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