Feature article
Property value upturn remains elusive for now
The numbers show a market that is steady but not surging.
AI summary
New Zealand's property market recovery remains slow, with national values flat according to Cotality's Kelvin Davidson.
Regional performance is mixed. While Auckland values fell -0.2%, cities like Hamilton, Tauranga, and Christchurch are seeing growth. High stock levels and a cautious labour market are restraining prices, keeping power with buyers.
A modest recovery is forecast for 2026, though growth may be capped by factors like debt-to-income (DTI) limits.
The national picture
A region-by-region breakdown
Why aren't prices rising faster?
Looking ahead to 2026
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