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. According to Kelvin Davidson of Cotality, values remain well below their 2022 peak.
Regional performance is mixed; Auckland continues to fall while cities like Hamilton and Christchurch see modest gains. Key restraints on growth include high property stock levels favouring buyers and labour market caution. A modest upturn is forecast for 2026, though potential DTI limits may apply.
The national picture
A region-by-region breakdown
Why aren't prices rising faster?
Looking ahead to 2026
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