Another cut to the Official Cash Rate (OCR) had been expected, now bringing it to 3.5%, but it is not clear just how much further it and mortgage rates will fall, with current tariff uncertainty keeping a downward bias in place, CoreLogic Chief Property Economist Kelvin Davidson says The OCR decision reflects the fact that inflation remains well within the target band and that the economy is still subdued. Continue →

Momentum is slowly building in the property market, realestate.co.nz says, but prices across most of the country are still lower than they were a year ago Despite growing economic optimism, new data from realestate.co.nz Continue →

New Zealand’s housing market is coming out of its flattest summer in six years, in spite of falling interest rates, says Quotable Value (QV) Operations Manager James Wilson Our latest QV House Price Index shows residential property values have increased nationally by an average of just 0.5% in the three months to the end of February 2025. Continue →

With more than 35,000 properties on the market in February, housing stock is at a ten-year high, yet new listings are coming in slower than expected, says realestate.co.nz Continue →

Falling interest rates are set to stimulate activity in the property market this year, as term deposits come to expire and investors seek higher returns, Colliers New Zealand Chief Executive Gareth Fraser says The Reserve Bank of New Zealand has forecast future cuts to the Official Cash Rate are on the horizon after they begun an easing cycle last year. Continue →

Last year brought significant shifts in listings, average inventory, sales counts, and the days it takes to sell properties, REINZ reports As December concluded 2024, the New Zealand property market experienced a relatively quiet month, as indicated by the latest figures from the Real Estate Institute of New Zealand (REINZ). Continue →

As we recover from a subdued market, REINZ figures show October to be a more positive month, with increases in sales and ever so slight increases in median prices, Chief Executive Jen Baird says There seems to be light at the end of the tunnel. Continue →

The Reserve Bank has cut the Official Cash Rate (OCR) by another 50 basis points to 4.75%, but CoreLogic NZ Chief Property Economist, Kelvin Davidson, says August’s OCR cut has yet to boost house prices and difficult decisions are still ahead for borrowers CoreLogic’s hedonic Home Value Index (HVI) showed another subdued month for the property market in September, with values down by a further 0.5%. Continue →

While overall sales slightly declined in August, REINZ’s latest numbers show notable increases in activity in several regions, and year-on-year listing numbers continue to rise   REINZ Chief Executive Jen Baird says August provided a sense of confidence and positivity to the property market. Continue →

New data from realestate.co.nz indicates the property market is already responding after the Official Cash Rate (OCR) dropped 25 basis points to 5.25% The OCR dropped during August for the first time in four years, and in the 14 days immediately following the announcement, there was a noticeable uptick in buyer activity compared to the two weeks prior. Continue →

July brought a new wave of buyer activity not typically seen in late winter, with properties starting to sell faster than they hit the market, REINZ’s latest figures reveal Chief Executive Jen Baird says while listings continue to increase, the rise in sales volumes has seen the total number of properties for sale in New Zealand fall compared to last month. Continue →

The average house price has dropped more than $20,000 since February according to CoreLogic’s latest figures, a trend which Chief Property Economist Kelvin Davidson says is not surprising CoreLogic’s updated, hedonic Home Value Index (HVI) showed a 0.5% fall in values across NZ in July – the fifth monthly fall in a row – taking the total decline from February’s ‘mini peak’ to 2.5%. Continue →

Regulatory change is currently a huge theme for housing – CoreLogic’s Chief Property Economist Kelvin Davidson draws on some anecdotal insights gathered from market participants ‘on the ground’ in this environment 1. Continue →

On a national level, house prices have stayed relatively stagnant over the past two months, but that doesn’t tell the whole story according to CoreLogic data for each city across the country Home value growth in New Zealand has completely petered out in the past two months, with values dipping by 0.2% in May, after a minor 0.1% fall in April. Continue →

Increasing costs of living, high interest rates, and recessionary pressures all impacted the New Zealand property market in April, with new data showing a nationwide downturn in property demand, realestate.co.nz Continue →

The proportion of short-term fixed mortgages has reached record levels, signalling that mortgage rates have peaked and that the medium-term outlook is downwards, CoreLogic NZ Chief Property Economist Kelvin Davidson says The CoreLogic NZ April Housing Chart Pack shows that 56% of new loans by value taken out in February were fixed on one-year terms compared to 36% in December. Continue →

Real Estate Institute of New Zealand (REINZ) March 2024 data shows a significant increase in listings and stock levels, creating more options for buyers REINZ Chief Executive Jen Baird says the market is clearly more active compared to a year ago, with high listing numbers, increased stock levels, higher sales counts, and higher median sale prices. Continue →

Residential property values have remained relatively flat throughout the first quarter of 2024, amidst a glut of listings and an ongoing dearth of sales across much of New Zealand, the latest QV House Price Index finds The average home value has increased nationally by 2.2% to $924,734 over the first three months of 2024 – a small increase on the 1.3% quarterly home value increase reported at the end of February. Continue →

Property values have risen for five consecutive months, however the pace of gains slowed to 0.3% in February – has the housing market at last stabilised into a period of slow and steady growth? Continue →

REINZ’s January statistics show that while there are significantly more properties on the market, buyer activity has slowed January is usually a slower month for the completion of sales in New Zealand and this year is no exception with 2,995 properties being sold, Real Estate Institute of New Zealand (REINZ) Chief Executive Jen Baird says. Continue →