Graph and download economic data for Real Residential Property Prices for New Zealand (QNZR628BIS) from Q2 1962 to Q2 2025 about New Zealand, residential, HPI, housing, real, price index, indexes, and price.

Average House Prices in New Zealand increased to 902020 NZD in October from 900521 NZD in September of 2025. This dataset includes a chart with historical data for New Zealand Average House Prices.

The price of residential property in New Zealand was the highest in the Auckland region in October 2025, with an average sale price of over *** million New Zealand dollars. The most populated city in the country, Auckland, has consistently reported higher house prices compared to most other regions. Buying property in New Zealand, particularly in its major cities, is expensive. The nation has one of the highest house-price-to-income ratios in the world. Auckland residential market The residential housing market in Auckland is competitive. Prices have been slowly decreasing although the Auckland region experienced an annual increase in the average residential house price in October 2025 compared to the same month in the previous year. The price of residential property in Auckland was the highest in the Auckland City district, with an average sale price of around **** million New Zealand dollars. Home financing Due to the rising cost of real estate, an increasing number of New Zealanders who want to own their own property are taking on mortgages. Most residential mortgage lending in New Zealand went to owner-occupier borrowers, followed by first home buyers. In addition to mortgage lending, previously under the KiwiSaver HomeStart initiative, first-home buyers in New Zealand were able to apply to withdraw all or part of their KiwiSaver retirement savings to assist with purchasing a first home. Nonetheless, the scheme was discontinued in May 2024. Furthermore, even with a large initial deposit, it may take decades for many borrowers to pay off their mortgage.

House Price Index YoY in New Zealand increased to 0 percent in October from -0.10 percent in September of 2025. This dataset includes a chart with historical data for New Zealand House Price Index YoY.

Key information about House Prices Growth

• New Zealand house prices dropped 0.7% YoY in Jun 2025, following a decrease of 1.7% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Dec 1990 to Jun 2025, with an average growth rate of 0.0%.

CEIC calculates House Prices Growth from quarterly House Price Index. The Reserve Bank of New Zealand provides House Price Index, calculated from Reserve Bank of New Zealand estimates, with base December 2003=1000.

Housing Index in New Zealand increased to 2291 Points in October from 2287 Points in September of 2025. This dataset provides - New Zealand House Prices MoM Change - actual values, historical data, forecast, chart, statistics, economic calendar and news.

House Price Index MoM in New Zealand increased to 0.20 percent in October from -0.70 percent in September of 2025. This dataset includes a chart with historical data for New Zealand House Price Index MoM.

Residential Property Prices in New Zealand decreased 2.02 percent in March of 2025 over the same month in the previous year. This dataset includes a chart with historical data for New Zealand Residential Property Prices.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

Key information about New Zealand Gold Production

• New Zealand Real Residential Property Price Index was reported at 159.790 2010=100 in Jun 2025.
• This records a decrease from the previous number of 162.609 2010=100 for Mar 2025.
• New Zealand Real Residential Property Price Index data is updated quarterly, averaging 63.784 2010=100 from Mar 1970 to Jun 2025, with 222 observations.
• The data reached an all-time high of 216.278 2010=100 in Dec 2021 and a record low of 35.788 2010=100 in Dec 1970.
• New Zealand Real Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly. [COVID-19-IMPACT]

View quarterly updates and historical trends for New Zealand House Price Index. Source: Federal Reserve Bank of Dallas. Track economic data with YCharts a…

New Zealand NZ: Price to Income Ratio: sa data was reported at 105.825 2015=100 in Mar 2025. This records a decrease from the previous number of 107.289 2015=100 for Dec 2024. New Zealand NZ: Price to Income Ratio: sa data is updated quarterly, averaging 88.910 2015=100 from Mar 1986 (Median) to Mar 2025, with 157 observations. The data reached an all-time high of 142.895 2015=100 in Dec 2021 and a record low of 46.819 2015=100 in Mar 1987. New Zealand NZ: Price to Income Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s New Zealand – Table NZ.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Quarterly. Nominal house prices divided by nominal disposable income per head. Net household disposable income is used. The population data come from the OECD national accounts database.

View quarterly updates and historical trends for New Zealand Real House Price Index. Source: Federal Reserve Bank of Dallas. Track economic data with YCha…

New Zealand - Real Residential Property Prices - Historical chart and current data through 2025.

New Zealand HPI: YoY data was reported at -1.600 % in Dec 2024. This records a decrease from the previous number of -0.900 % for Sep 2024. New Zealand HPI: YoY data is updated quarterly, averaging 5.200 % from Dec 1990 (Median) to Dec 2024, with 137 observations. The data reached an all-time high of 30.500 % in Sep 2021 and a record low of -12.100 % in Mar 2023. New Zealand HPI: YoY data remains active status in CEIC and is reported by Reserve Bank of New Zealand. The data is categorized under Global Database’s New Zealand – Table NZ.EB005: House Price Index: Quarterly.

Key information about New Zealand Real Residential Property Price Index Growth

• New Zealand Real Residential Property Price Index Growth was reported at -3.719 % in Jun 2025.
• This records an increase from the previous number of -4.321 % for Mar 2025.
• New Zealand Real Residential Property Price Index Growth data is updated quarterly, averaging -1.058 % from Mar 1971 to Jun 2025, with 218 observations.
• The data reached an all-time high of 30.689 % in Jun 1974 and a record low of -17.185 % in Mar 2023.
• New Zealand Real Residential Property Price Index Growth data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly: YoY %.

Key information about New Zealand Nominal Residential Property Price Index

• New Zealand Nominal Residential Property Price Index was reported at 230.287 2010=100 in Jun 2025.
• This records a decrease from the previous number of 233.094 2010=100 for Mar 2025.
• New Zealand Nominal Residential Property Price Index data is updated quarterly, averaging 47.371 2010=100 from Mar 1970 to Jun 2025, with 222 observations.
• The data reached an all-time high of 267.783 2010=100 in Dec 2021 and a record low of 2.515 2010=100 in Mar 1970.
• New Zealand Nominal Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Nominal Residential Property Price Index: 2010=100: Quarterly.

[COVID-19-IMPACT]

Denmark Property Price: DR: Capital Region: North Zealand (NZ) data was reported at 20,974.000 DKK/sq m in Mar 2018. This records an increase from the previous number of 20,849.000 DKK/sq m for Dec 2017. Denmark Property Price: DR: Capital Region: North Zealand (NZ) data is updated quarterly, averaging 16,474.000 DKK/sq m from Mar 1992 (Median) to Mar 2018, with 105 observations. The data reached an all-time high of 24,556.000 DKK/sq m in Dec 2006 and a record low of 5,344.000 DKK/sq m in Mar 1993. Denmark Property Price: DR: Capital Region: North Zealand (NZ) data remains active status in CEIC and is reported by Association of Danish Mortgage Banks. The data is categorized under Global Database’s Denmark – Table DK.P002: Property Price: by Region.

Denmark Property Price: DR: Zealand Region: WZ: Lolland data was reported at 4,406.000 DKK/sq m in Mar 2018. This records an increase from the previous number of 4,042.000 DKK/sq m for Dec 2017. Denmark Property Price: DR: Zealand Region: WZ: Lolland data is updated quarterly, averaging 3,723.000 DKK/sq m from Mar 1992 (Median) to Mar 2018, with 105 observations. The data reached an all-time high of 6,498.000 DKK/sq m in Sep 2008 and a record low of 2,364.000 DKK/sq m in Mar 1993. Denmark Property Price: DR: Zealand Region: WZ: Lolland data remains active status in CEIC and is reported by Association of Danish Mortgage Banks. The data is categorized under Global Database’s Denmark – Table DK.P002: Property Price: by Region.

CPI Housing Utilities in New Zealand increased to 1447 points in the third quarter of 2025 from 1427 points in the second quarter of 2025. This dataset provides - New Zealand CPI Housing & Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.