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The year of conflicting forces
Where to next for the NZ housing market?
AI summary
According to Kelvin Davidson of Cotality, New Zealand's 2025 housing market remains subdued due to conflicting forces, resulting in flat national property values.
Positive factors supporting the market include:
- Easing of oversupply in listings
- Active first home buyers and investors
- Delayed benefits of lower mortgage rates
However, a weak economy is a significant headwind holding back growth. The outlook suggests continued stability, creating opportunities for buyers before a potential stronger recovery in 2026.
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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