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The year of conflicting forces
Where to next for the NZ housing market?
AI summary
According to CoreLogic economist Kelvin Davidson, New Zealand's housing market remains subdued due to conflicting forces. Positive factors include easing property listings, active first home buyers and investors, and the lagged effect of lower mortgage rates.
However, a weak economy and potential unemployment are holding back significant growth. The outlook is for a flat market in the near term, creating opportunities for buyers, with a stronger recovery anticipated for 2026 as the economy improves.
A flat market, as predicted
Tailwinds: what’s supporting the market?
Headwinds: what’s holding the market back?
The outlook: stability now, stronger growth later
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