Will NZ house prices jump or crash? A 2025 property price forecast

A 2025 property market recovery may be on the horizon, with economists from Kiwibank and ANZ forecasting interest rate cuts that could improve mortgage affordability for Kiwis. Recent price growth in regions like Hawke's Bay and Waikato already signals market resilience.

Key factors expected to drive prices up include strong population growth, investor-friendly policies like a shorter bright-line test, and slowing construction rates. However, affordability remains a significant challenge, and buyers should remember that economic forecasts are not guaranteed.