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.

The real house price index in New Zealand in the second quarter of 2024 was 135.8, marking a decrease from the same quarter of the previous year. From the second 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.

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: 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.

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.

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.

As at March 2024, the annual change in the house price index was the largest in Christchurch with an increase of 3.6 percent from the previous year. Overall, across New Zealand, residential house prices were up by 0.1 percent from March 2024.

Graph and download economic data for Consumer Price Index: Services Less Housing for New Zealand (NZLCPISXHAINMEI) from 1969 to 2016 about New Zealand, services, CPI, housing, price index, indexes, and price.

Az Új-Zélandi Házárindex havi változása januárban 1,20 százalékkal nőtt a 2024. decemberi -0,60 százalékos értékről. Az oldal aktuális és múlbeli adatokat, elorejelzéseket, statisztikákat, grafikonokat és a gazdasági naptár adatait tartalmazza - Új-Zéland - House Price Index (Havonta).

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.

Indeks Harga Rumah YoY di Selandia Baru turun menjadi -1,30 persen pada bulan Januari dari -0,30 persen pada bulan Desember 2024. Nilai saat ini, data historis, perkiraan, statistik, grafik dan kalender ekonomi - Selandia Baru - Indeks Harga Rumah YoY.

As at March 2024, the Wellington district with the largest annual change in the house price index was the Upper Hutt district, with an increase of 4.6 percent from the previous year. Overall, across Wellington, residential house prices were up by 2.2 percent from March 2023.

As at March 2024, the monthly change in the house price index was the largest in the Wellington region, with an increase of 0.9 percent from the previous month. Overall, across New Zealand, residential house prices were up by around 0.5 percent from February 2024.

New Zealand NZ: Rent Price Index: sa data was reported at 135.092 2015=100 in Dec 2024. This records an increase from the previous number of 133.894 2015=100 for Sep 2024. New Zealand NZ: Rent Price Index: sa data is updated quarterly, averaging 60.758 2015=100 from Mar 1956 (Median) to Dec 2024, with 276 observations. The data reached an all-time high of 135.092 2015=100 in Dec 2024 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.

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.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing for New Zealand (NZLCPGRHO01IXOBQ) from Q2 1999 to Q4 2024 about New Zealand, CPI, price index, indexes, and price.

New Zealand Consumer Price Index (CPI): Housing and Household Utilities: Property Rates and Related Services data was reported at 1,031.000 Jun2017=1000 in Jun 2018. This stayed constant from the previous number of 1,031.000 Jun2017=1000 for Mar 2018. New Zealand Consumer Price Index (CPI): Housing and Household Utilities: Property Rates and Related Services data is updated quarterly, averaging 693.796 Jun2017=1000 from Jun 1999 (Median) to Jun 2018, with 77 observations. The data reached an all-time high of 1,031.000 Jun2017=1000 in Jun 2018 and a record low of 384.747 Jun2017=1000 in Jun 1999. New Zealand Consumer Price Index (CPI): Housing and Household Utilities: Property Rates and Related 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.I002: Consumer Price Index: Jun2017=1000.

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.

The monthly rent price index in Auckland, New Zealand in November 2024 was 1,706. This was a significant increase in rent prices compared to the base month of November 2006.

Graph and download economic data for Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for New Zealand (NZLCP040000IXNBQ) from Q2 2006 to Q3 2023 about water, New Zealand, fuels, electricity, gas, CPI, price index, indexes, and price.