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.

House Price Index YoY in New Zealand decreased to -1.40 percent in February from -1.30 percent in January 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 0.9% 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.

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.

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.

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.

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.

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.

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 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.

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.

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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's average farm sale prices showed significant regional variations in the three months to November 2024. The price of farm property in the country was the highest in the Nelson/Marlborough/Tasman region as of November 2024, with an average sale price of around 148,180 New Zealand dollars per hectare. In comparison, in the Auckland region, the average farm sales price came to just over 61,000 dollars per hectare. A farming nation The agriculture industry is a major economic pillar of the country. The contribution to the nation’s GDP is valued in the billions of New Zealand dollars. Horticulture, livestock, and dairying are all important segments, and the commodities produced within them are exported across the globe. While sheep livestock numbers have declined, they still make up a large share of the country’s livestock population. Horticultural farming While New Zealand exports various horticultural products, including wine grapes, potatoes, and apples, it is perhaps best known for its kiwi fruit. Accordingly, the land area dedicated to kiwi fruit farming has continued to increase over the years. New Zealand’s leading horticultural product export destinations include Asia, Europe, and Australia.

We want Wellington to be a city where we have healthy, affordable homes in connected and lively neighbourhoods, close to the places we live, work and play. It is important that we provide for a variety of housing type, so that everyone has an opportunity to own or rent a quality home in the city.Since 2000 population growth in Wellington has outstripped the number of dwellings constructed and this trend is set to continue. We are already feeling the effects of high house prices and high rents; it is also increasingly difficult for first home buyers to purchase a home.Over the next 30 years we will need between 25,000 and 32,000 new dwellings to meet our projected growth demands. However, under current planning settings it is estimated the city will only have capacity for 20,000 dwellings over this time horizon, leaving a shortfall of between 5,000 and 12,000 dwellings.The Regional Housing and Business Capacity Assessment Report takes a 30-year look at Wellington’s urban District Councils (Wellington, Hutt City, Upper Hutt, Porirua, and Kapiti Coast) capacity for housing and business. The report estimates that based on predicted population growth across the five districts, and current development controls and patterns, the region faces a shortfall of approximately 9,000 to 21,000 dwellings. Without action, Wellington City will face a shortfall of between 4,600 and 12,000 dwellings by 2047.The Wellington City Residential Catchments have been created by grouping together areas of the city that form logical housing catchments i.e. the southern suburbs vs. the eastern suburbs. They represent clearer sub-markets of the city in which the demand and supply of different typologies can be contrasted at a more detailed level.The demand, capacity, and difference values in the dataset summarise the projected dwellings information of chapter 2, section 4 of the Wellington Regional Housing and Business Development Capacity report. It is recommended this section is reviewed while using this data.Wellington Regional Housing and Business Development Capacity - Chapter 2 - Wellington City Council is available on the Planning for Growth website: https://planningforgrowth.wellington.govt.nz/resources1/documentsFor more information contact the Planning for Growth team: planningforgrowth@wcc.govt.nz

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

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Imputed Rentals for Housing for New Zealand (NZLCP040200GYQ) from Q2 1985 to Q4 2024 about tobacco, alcohol, New Zealand, beverages, CPI, price index, indexes, and price.

Precinct Properties New Zealand Продажи - Текущие значения, предыдущие значения, прогнозы, графики и экономический календарь - Mar 2025.Data for Precinct Properties New Zealand | Продажи including historical, tables and charts were last updated by Trading Economics this last March in 2025.

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.

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.

In the fourth quarter of 2024, the secondary CBD office vacancy rate in Auckland, New Zealand was at around 22 percent, the highest vacancy rate across all commercial properties. The prime CBD office vacancy rate was at around 10.2 percent in comparison.