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What to expect from NZ’s property market in 2025: expert insights
A year of conflicting forces?
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AI summary
According to CoreLogic's Kelvin Davidson, 2025 will see conflicting forces in the NZ property market. Falling mortgage rates may push prices up, while job market challenges could restrain growth, keeping it a buyer's market.
A modest average price rise of 5% is expected, though Auckland and Wellington may see flatter growth. The market is predicted to be steady with no need to rush. Key factors to watch are mortgage rates and debt-to-income ratios.
How are things looking in NZ’s property market right now?
Kelvin believes that NZ's property market will remain in favour of buyers for some time yet.
And what should we expect for the rest of 2025?
So, is now a bad time to be a seller?
Should buyers be hustling to secure a home in these favourable conditions?
Smaller cities like New Plymouth, Invercargill and Palmerston North could see greater than average property price increases in 2025.
What can you tell us about different regions of NZ?
Finally, are there any property related policy announcements to look out for in 2025?
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