Graph and download economic data for Residential Property Prices for New Zealand (QNZN628BIS) from Q2 1962 to Q1 2025 about New Zealand, residential, HPI, housing, price index, indexes, and price.

Housing Index in New Zealand decreased to 2303 Points in August from 2310 Points in July of 2025. This dataset provides - New Zealand House Prices MoM Change - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The real house price index in New Zealand in the fourth quarter of 2024 was *****, marking a decrease from the same quarter of the previous year. From the fourth quarter of 2019 to the fourth quarter of 2021, there was an upward trend of increasing house prices compared to the base year of 2015, with the first quarter of 2022 breaking this trend.

Key information about New Zealand Gold Production

• New Zealand Real Residential Property Price Index was reported at 169.844 2010=100 in Mar 2024.
• This records a decrease from the previous number of 170.894 2010=100 for Dec 2023.
• New Zealand Real Residential Property Price Index data is updated quarterly, averaging 60.637 2010=100 from Mar 1970 to Mar 2024, with 217 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]

House Price Index YoY in New Zealand increased to 0.20 percent in August from 0 percent in July of 2025. This dataset includes a chart with historical data for New Zealand House Price Index YoY.

House Price Index MoM in New Zealand decreased to -0.30 percent in August from -0.10 percent in July of 2025. This dataset includes a chart with historical data for New Zealand House Price Index MoM.

As at March 2024, the annual change in the house price index was the largest in Christchurch with an increase of *** percent from the previous year. Overall, across New Zealand, residential house prices were up by *** percent from March 2024.

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 Real Residential Property Price Index Growth

• New Zealand Real Residential Property Price Index Growth was reported at -1.930 % in Mar 2024.
• This records an increase from the previous number of -5.036 % for Dec 2023.
• New Zealand Real Residential Property Price Index Growth data is updated quarterly, averaging 2.642 % from Mar 1971 to Mar 2024, with 213 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 233.066 2010=100 in Jun 2024.
• This records a decrease from the previous number of 237.468 2010=100 for Mar 2024.
• New Zealand Nominal Residential Property Price Index data is updated quarterly, averaging 46.093 2010=100 from Mar 1970 to Jun 2024, with 218 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.

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.

House price index in New Zealand, March, 2025 The most recent value is 232.81 index points as of Q1 2025, a decline compared to the previous value of 233.65 index points. Historically, the average for New Zealand from Q1 1990 to Q1 2025 is 105.87 index points. The minimum of 30.86 index points was recorded in Q1 1992, while the maximum of 267.78 index points was reached in Q4 2021. | TheGlobalEconomy.com

New Zealand NZ: Price to Income Ratio: sa data was reported at 117.981 2015=100 in Sep 2024. This records a decrease from the previous number of 120.692 2015=100 for Jun 2024. New Zealand NZ: Price to Income Ratio: sa data is updated quarterly, averaging 79.512 2015=100 from Mar 1986 (Median) to Sep 2024, with 155 observations. The data reached an all-time high of 143.218 2015=100 in Dec 2021 and a record low of 46.765 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.

Average House Prices in New Zealand decreased to 906977 NZD in August from 909671 NZD in July of 2025. This dataset includes a chart with historical data for New Zealand Average House Prices.

New Zealand NZ: House Price Index: Real: sa data was reported at 133.136 2015=100 in Sep 2024. This records a decrease from the previous number of 135.761 2015=100 for Jun 2024. New Zealand NZ: House Price Index: Real: sa data is updated quarterly, averaging 44.301 2015=100 from Mar 1970 (Median) to Sep 2024, with 219 observations. The data reached an all-time high of 172.699 2015=100 in Dec 2021 and a record low of 23.896 2015=100 in Mar 1971. New Zealand NZ: House Price Index: Real: 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 deflated using the private consumption deflator from the national account statistics. More information on the nominal house prices are available on the nominal house price indicators selection.

Key information about New Zealand Nominal Residential Property Price Index Growth

• New Zealand Nominal Residential Property Price Index Growth was reported at 2.016 % in Mar 2024.
• This records an increase from the previous number of -0.615 % for Dec 2023.
• New Zealand Nominal Residential Property Price Index Growth data is updated quarterly, averaging 7.743 % from Mar 1971 to Mar 2024, with 213 observations.
• The data reached an all-time high of 43.718 % in Jun 1974 and a record low of -11.674 % in Mar 2023.
• New Zealand Nominal 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 Nominal Residential Property Price Index: 2010=100: Quarterly: YoY %.

The price of residential property in New Zealand was the highest in the Auckland region in June 2025, with an average sale price of around ******* 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; the Auckland region experienced an annual decrease in the average residential house price in March 2025 compared to the same month in the previous year. The price of residential property in Auckland was the highest in the North Shore 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.

New Zealand NZ: Standardised Price-Income Ratio: sa data was reported at 146.477 Ratio in Sep 2024. This records a decrease from the previous number of 149.843 Ratio for Jun 2024. New Zealand NZ: Standardised Price-Income Ratio: sa data is updated quarterly, averaging 98.716 Ratio from Mar 1986 (Median) to Sep 2024, with 155 observations. The data reached an all-time high of 177.810 Ratio in Dec 2021 and a record low of 58.060 Ratio in Mar 1987. New Zealand NZ: Standardised Price-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. The long-term average is calculated over the whole period available when the indicator begins after 1980 or after 1980 if the indicator is longer. This value is used as a reference value. The ratio is calculated by dividing the indicator source on this long-term average, and indexed to a reference value equal to 100.

Graph and download economic data for Consumer Price Index: Housing for New Zealand (NZLCPIHOUQINMEI) from Q2 1999 to Q3 2017 about New Zealand, CPI, housing, price index, indexes, and price.

New Zealand NZ: Rent Price Index: sa data was reported at 135.979 2015=100 in Mar 2025. This records an increase from the previous number of 135.055 2015=100 for Dec 2024. New Zealand NZ: Rent Price Index: sa data is updated quarterly, averaging 61.139 2015=100 from Mar 1956 (Median) to Mar 2025, with 277 observations. The data reached an all-time high of 135.979 2015=100 in Mar 2025 and a record low of 2.927 2015=100 in Mar 1956. New Zealand NZ: Rent Price Index: 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.