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

Looking toward this year in property.

Kelvin Davidson
Last updated: 12 January 2026 | 4 min read
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The New Zealand property market ended 2025 on a soft note, with Cotality reporting a "broadly flat" year due to conflicting economic forces. The national median value now sits at $808,430, with mixed results across the main centres.

Looking ahead, an improving economy is expected to turn the tide. Cotality forecasts national property values could rise by approximately 5% in 2026. However, factors like Debt-to-Income restrictions and the upcoming election will remain important variables to monitor.

The numbers at a glance

A "broadly flat" 2025

The outlook for 2026

Author

Kelvin Davidson Kelvin Davidson
Chief Property Economist, Cotality