2025 ended on a soft note but values should rise in 2026

The New Zealand property market ended 2025 on a soft note, with the Cotality Home Value Index showing a slight dip. The national median value now sits at $808,430.

Performance across the main centres was mixed in December:

- Falling: Auckland and Hamilton

- Rising: Christchurch, Tauranga, and Dunedin

Looking ahead, Cotality's Chief Property Economist forecasts a modest recovery. While 2025 was "broadly flat," national property values are projected to rise by approximately 5% in 2026 as the economy improves.