Feature article

Property values rise again in April

Is the winning streak about to end?

Kelvin Davidson
Last updated: 5 May 2026 | 4 min read
AI

AI summary

New Zealand property values rose 0.1% nationally in April, the third consecutive monthly increase. However, this trend may be short-lived as major centres like Auckland and Wellington saw slight price drops.

Economist Kelvin Davidson of Cotality warns that a slowing economy and rising mortgage rates could cause prices to flatten or fall from May. This cooling market could present an opportunity for first home buyers but may disappoint sellers hoping for strong capital growth.

The regional divide

Headwinds on the horizon

What this means for you

Author

Kelvin Davidson Kelvin Davidson
Chief Property Economist, Cotality