The price of residential property in New Zealand was the highest in the Auckland region in October 2025, with an average sale price of over *** 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 although the Auckland region experienced an annual increase in the average residential house price in October 2025 compared to the same month in the previous year. The price of residential property in Auckland was the highest in the Auckland 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 Q2 2025 about New Zealand, residential, HPI, housing, real, price index, indexes, and price.

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

Frozen Beef Wellington Market Outlook

According to our latest research, the global frozen Beef Wellington market size in 2024 stands at USD 1.18 billion, with a projected compound annual growth rate (CAGR) of 6.2% from 2025 to 2033. The market is expected to reach USD 2.03 billion by 2033. This robust growth is primarily driven by rising consumer demand for gourmet convenience foods, increased penetration of frozen food products in emerging economies, and the premiumization trend in the ready-to-cook segment. The frozen Beef Wellington market is witnessing substantial momentum as consumers seek restaurant-quality meals at home, supported by innovation in product offerings and advancements in freezing technology.

One of the most significant growth factors for the frozen Beef Wellington market is the evolving consumer lifestyle that prioritizes convenience without compromising on taste or quality. The modern, fast-paced lifestyle, especially in urban areas, has led to a surge in demand for ready-to-cook and ready-to-eat meals. Frozen Beef Wellington, known for its gourmet appeal and rich flavor profile, fits perfectly into this trend, offering consumers an indulgent meal that requires minimal preparation time. Moreover, the rise in dual-income households and the increasing prevalence of single-person households have further amplified the need for convenient yet sophisticated meal options, positioning frozen Beef Wellington as a preferred choice among discerning consumers.

Another critical factor propelling the growth of the frozen Beef Wellington market is the continuous innovation in product development and packaging. Manufacturers are investing heavily in research and development to enhance the taste, texture, and nutritional value of frozen Beef Wellington products. The introduction of various product types, such as mini and gourmet Beef Wellington variants, caters to diverse consumer preferences and occasions, from family dinners to party appetizers. Additionally, advancements in freezing and packaging technologies have significantly improved the shelf life and quality retention of these products, making them more appealing to both retailers and consumers. The growing trend of premiumization, where consumers are willing to pay more for high-quality, gourmet frozen meals, has also contributed to the market's expansion.

The expansion of distribution channels, particularly online retail, is another major driver for the frozen Beef Wellington market. E-commerce platforms have revolutionized the way consumers purchase frozen foods, offering greater convenience, variety, and access to premium products. Online grocery shopping has surged in popularity, especially post-pandemic, enabling consumers to explore and purchase specialty frozen items like Beef Wellington from the comfort of their homes. Supermarkets and hypermarkets continue to play a vital role by providing extensive freezer sections and in-store promotions. The growing presence of specialty stores, which focus on gourmet and high-quality food products, further supports the market's growth by attracting food enthusiasts and culinary explorers.

From a regional perspective, Europe remains the dominant market for frozen Beef Wellington, owing to its deep-rooted culinary traditions and strong preference for premium frozen foods. North America follows closely, driven by a robust foodservice industry and the increasing trend of home gourmet cooking. The Asia Pacific region is emerging as a high-growth market, fueled by rapid urbanization, rising disposable incomes, and a growing appetite for Western-style cuisine. Latin America and the Middle East & Africa, while smaller in market share, are witnessing steady growth as frozen food products gain traction among urban consumers. Each region presents unique opportunities and challenges, influenced by cultural preferences, economic conditions, and the maturity of the frozen food sector.

Product Type Analysis

The frozen Beef Wellington market is segmented by product type into Classic Beef Wellington, Mini Beef Wellington, Gourmet Beef Wellington, and Others. Classic Beef Wellington continues to dominate the segment, accounting for the largest share of the market in 2024. This traditional version, featuring beef tenderloin wrapped in puff pastry with mushroom duxelles, appeals to consumers seeking an authentic gourmet experience at home. The popularity of cooking shows and celebrit