The price of residential property in New Zealand was the highest in the Auckland region in December 2024, with an average sale price of around one 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; the Auckland region experienced an annual decrease in the average residential house price in December 2024 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 1.21 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.

Graph and download economic data for Real Residential Property Prices for New Zealand (QNZR368BIS) from Q2 1963 to Q3 2024 about New Zealand, residential, housing, real, and price.

Key information about House Prices Growth

• New Zealand house prices dropped 0.9% YoY in Sep 2024, following an increase of 1.5% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Dec 1990 to Sep 2024, with an average growth rate of 5.3%.
• House price data reached an all-time high of 30.5% in Sep 2021 and a record low of -12.1% in Mar 2023.

The average residential house price in New Zealand was at around 908,000 New Zealand dollars as at November 2024. This marked a decrease in the average residential property price in New Zealand from the same period of 2023, in which an average house price of approximately 914,000 New Zealand dollars was recorded.

New Zealand NZ: Price to Income Ratio: sa data was reported at 119.398 2015=100 in Jun 2024. This records a decrease from the previous number of 121.104 2015=100 for Mar 2024. New Zealand NZ: Price to Income Ratio: sa data is updated quarterly, averaging 79.503 2015=100 from Mar 1986 (Median) to Jun 2024, with 154 observations. The data reached an all-time high of 143.278 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.

The average rent in the housing market in Wellington, New Zealand was 625 New Zealand dollars per week as of December 2024. The Auckland and Bay of Plenty regions had the highest mean rents for residential housing across the country at 650 New Zealand dollars per week, respectively.

Graph and download economic data for Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for New Zealand (NZLCP040500GPQ) from Q1 1960 to Q3 2023 about water, New Zealand, fuels, electricity, gas, CPI, price index, indexes, and price.

The Multi-Unit Apartment and Townhouse Construction industry has displayed extreme annual demand fluctuations in recent years. The industry has benefited from favourable demand across the residential building market, supported by a combination of historically low interest rates, strong population growth before the COVID-19 outbreak and rising housing prices. A residential property price escalation over recent years has encouraged first-home buyers to opt for higher density apartments and townhouses as a lower cost alternative to traditional house and land packages. In addition, higher housing costs forced many New Zealanders to rent rather than buy, which encouraged property developers to invest in higher density apartment and townhouse construction. The industry has steadily captured an increased share of the total residential building market. Over the five years through 2023-24, industry revenue is expected to rise an annualised 9.6% to total $3.19 billion. However, revenue is anticipated to contract by 3.4% in 2023-24 in response to a mortgage interest rate upswing, the scaling back of some of the Central Government’s (Te Kāwanatanga o Aotearoa) COVID-19 pandemic stimulus, the phasing out of property tax deductions and tightening bank lending practices. However, the government has boosted stimulus towards developing affordable housing options, which is likely to support industry activity. Industry performance is forecast to deteriorate over the next five years, including further declining short-term housing investment and dwelling consent due to scaled-back government stimulus measures and higher interest rates. Industry revenue is projected to grow marginally at an annualised 0.2% over the five years through 2028-29, to $3.22 billion. Despite this downward trend, multi-unit apartments and townhouse construction is projected to continue capturing an increasing share of total residential building construction.

ANZ Forecast: REINZ House Price Index: YoY data was reported at 4.900 % in 2026. This records a decrease from the previous number of 5.000 % for 2025. ANZ Forecast: REINZ House Price Index: YoY data is updated yearly, averaging 4.900 % from Dec 2018 (Median) to 2026, with 9 observations. The data reached an all-time high of 26.500 % in 2021 and a record low of -12.800 % in 2022. ANZ Forecast: REINZ House Price Index: YoY data remains active status in CEIC and is reported by ANZ Bank New Zealand. The data is categorized under Global Database’s New Zealand – Table NZ.EB005: House Price Index: Forecast: ANZ Bank Ltd.

Introduction

Welcome to the New Zealand English Call Center Speech Dataset for the Real Estate domain designed to enhance the development of call center speech recognition models specifically for the Real Estate industry. This dataset is meticulously curated to support advanced speech recognition, natural language processing, conversational AI, and generative voice AI algorithms.

Speech Data:

This training dataset comprises 30 Hours of call center audio recordings covering various topics and scenarios related to the Real Estate domain, designed to build robust and accurate customer service speech technology.

Topic Diversity

This dataset offers a diverse range of conversation topics, call types, and outcomes, including both inbound and outbound calls with positive, neutral, and negative outcomes.

This extensive coverage ensures the dataset includes realistic call center scenarios, which is essential for developing effective customer support speech recognition models.

Transcription

To facilitate your workflow, the dataset includes manual verbatim transcriptions of each call center audio file in JSON format. These transcriptions feature:

These ready-to-use transcriptions accelerate the development of the Real Estate domain call center conversational AI and ASR models for the New Zealand English language.

Metadata

The dataset provides comprehensive metadata for each conversation and participant:

This metadata is a powerful tool for understanding and characterizing the data, enabling informed decision-making in the development of New Zealand English call center speech recognition

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2023. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 117.5 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.

New Zealand NZ: Standardised Price-Income Ratio: sa data was reported at 148.806 Ratio in Jun 2024. This records a decrease from the previous number of 150.932 Ratio for Mar 2024. New Zealand NZ: Standardised Price-Income Ratio: sa data is updated quarterly, averaging 99.085 Ratio from Mar 1986 (Median) to Jun 2024, with 154 observations. The data reached an all-time high of 178.567 Ratio in Dec 2021 and a record low of 58.283 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.

Expert industry market research on the Real Estate Services in New Zealand (2008-2031). Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts.

New Zealand GDP: Rental, Hiring and Real Estate Services data was reported at 18,021.000 NZD mn in 2016. This records an increase from the previous number of 16,567.000 NZD mn for 2015. New Zealand GDP: Rental, Hiring and Real Estate Services data is updated yearly, averaging 4,175.000 NZD mn from Mar 1972 (Median) to 2016, with 45 observations. The data reached an all-time high of 18,021.000 NZD mn in 2016 and a record low of 241.000 NZD mn in 1972. New Zealand GDP: Rental, Hiring and Real Estate Services data remains active status in CEIC and is reported by Statistics New Zealand. The data is categorized under Global Database’s New Zealand – Table NZ.A005: SNA08: GDP by Industry: ANZSIC06: Current Price.

Los precios de las propiedades residenciales en Nueva Zelanda aumentaron un 1.25 por ciento en junio de 2024 con respecto al mismo mes del año anterior. Los valores actuales, los datos históricos, las previsiones, estadísticas, gráficas y calendario económico - Nueva Zelandia - Precios de propiedades residenciales.

New Zealand HPI: YoY data was reported at -0.900 % in Sep 2024. This records a decrease from the previous number of 1.500 % for Jun 2024. New Zealand HPI: YoY data is updated quarterly, averaging 5.250 % from Dec 1990 (Median) to Sep 2024, with 136 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.EB004: House Price Index.

Precinct Properties New Zealand stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news.

Expert industry market research on the House Construction in New Zealand (2008-2031). Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts.

Genomsnittliga huspriser i Nya Zeeland ökade till 913567 NZD i januari från 902414 NZD i december 2024. Genomsnittliga huspriser i Nya Zeeland minskade till 916285 NZD i juni från 923713 NZD i maj 2024.

In 2023, the amount of bearing housings not incorporating ball or roller bearings, plain shaft bearings imported into New Zealand expanded remarkably to 604 tons, growing by 8.4% compared with 2022.