Feature article
Property values rise again in April
Is the winning streak about to end?
AI summary
New Zealand property values rose nationally by 0.1% in April, the third consecutive monthly rise. However, this fragile growth was not uniform, with major centres like Auckland and Wellington seeing slight price declines.
According to economists at Cotality, a slowing economy and rising mortgage rates are significant headwinds. These factors could cause recent gains to peter out from May, with potential for prices to fall, creating opportunities for first home buyers but disappointing sellers.
The regional divide
Headwinds on the horizon
What this means for you
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