Buying guide
What to expect from NZ’s property market in 2025: expert insights
A year of conflicting forces?
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AI summary
CoreLogic's Kelvin Davidson forecasts a stable 2025 NZ property market with "conflicting forces" at play. Falling mortgage rates may push prices up, while job market challenges could restrain growth.
An average price increase of around 5% is expected. The market currently favours buyers due to high listings but is considered decent for everyone, with no need to rush.
Regional differences are likely, with Auckland and Wellington seeing smaller gains. Watch for falling 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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