The price of residential property in New Zealand was the highest in the Auckland region in March 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.

Graph and download economic data for Real Residential Property Prices for New Zealand (QNZR628BIS) from Q2 1962 to Q4 2024 about New Zealand, residential, HPI, housing, real, price index, indexes, and price.

Average House Prices in New Zealand decreased to 913772 NZD in May from 914504 NZD in April of 2025. This dataset includes a chart with historical data for New Zealand Average House Prices.

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.

Housing Index in New Zealand decreased to 2320 Points in May from 2322 Points in April of 2025. This dataset provides - New Zealand House Prices MoM Change - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Residential Property Prices in New Zealand decreased 1.81 percent in December of 2024 over the same month in the previous year. This dataset includes a chart with historical data for New Zealand Residential Property Prices.

House Price Index MoM in New Zealand decreased to -0.40 percent in June from -0.10 percent in May of 2025. This dataset includes a chart with historical data for New Zealand House Price Index MoM.

Source Code: Q:NZ:R:368

Coverage includes all types of new and existing dwellings in the whole country. The series is deflated using CPI.

For more information, please see https://www.bis.org/statistics/pp_detailed.htm.

Any use of the series shall be cited as follows: "Sources: National sources, BIS Residential Property Price database, http://www.bis.org/statistics/pp.htm."

Copyright, 2016, Bank for International Settlements (BIS). Terms and conditions of use are available at http://www.bis.org/terms_conditions.htm#Copyright_and_Permissions.

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]

Real residential property prices Y-on-Y, percent change in New Zealand, December, 2024 The most recent value is -3.95 percent as of Q4 2024, a decline compared to the previous value of -3.26 percent. Historically, the average for New Zealand from Q1 1990 to Q4 2024 is 3.81 percent. The minimum of -17.19 percent was recorded in Q1 2023, while the maximum of 24.36 percent was reached in Q2 2021. | TheGlobalEconomy.com

House Price Index YoY in New Zealand decreased by 1.10 percent in May from -1.30 percent in April of 2025. This dataset includes a chart with historical data for New Zealand House Price Index YoY.

The average price of residential property in New Zealand in December 2024 was around 775,000 New Zealand dollars. Auckland had the highest average sales price across the country's regions that year at around one million New Zealand dollars.

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 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.

New Zealand - Real Residential Property Prices: 61 years of historical data from 1963 to 2024.

In March 2025, around **** percent of the residential property sold across New Zealand had a sale price of over *********** New Zealand dollars. Just ** percent of properties were sold for under ******* New Zealand dollars.

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 %.

Source Code: Q:NZ:N:628

Coverage includes all types of new and existing dwellings in the whole country.

For more information, please see https://www.bis.org/statistics/pp_detailed.htm.

Any use of the series shall be cited as follows: "Sources: National sources, BIS Residential Property Price database, http://www.bis.org/statistics/pp.htm."

Copyright, 2016, Bank for International Settlements (BIS). Terms and conditions of use are available at http://www.bis.org/terms_conditions.htm#Copyright_and_Permissions.

In December 2024, the average sales price of residential properties sold in Auckland, New Zealand amounted to around one million New Zealand dollars. Auckland property prices peaked in November 2021, with prices gradually declining throughout 2022 and early 2023.