Feature article
Property values drift down -0.4% as the market enters a holding pattern
Will house prices crash or surge? Neither likely.
AI summary
New Zealand's property market is in a "holding pattern", with values drifting down a modest -0.4% in August. According to Cotality, this is not a renewed slump, as national values are only 1% lower than a year ago.
Regional markets are split, with Auckland and Wellington falling slightly while Christchurch and Queenstown show resilience.
Despite improved affordability, a boom is unlikely due to economic fragility and election uncertainty. The market will likely remain subdued until the labour market strengthens.
A downwards drift, not a renewed slump
Main centres split as regional resilience shines
Improved affordability, but no boom in sight
Author
Discover More
NZ election 2026: what it means for landlords, says economist Brad Olsen
Brad Olsen on what the election means for landlords, from capital gains tax and rent caps to where rents are heading.
'Most people haven't built enough garages for all their toys': Inside the Pauanui Waterways home with its own helipad
The son of a Pauanui founder built this Waterways home with its own helipad. After 26 years, it’s for sale.
Search
Other articles you might like
