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 stalled, with the Cotality Home Value Index holding flat. Chief Property Economist Kelvin Davidson notes that while sentiment is improving, price growth is being held back by:
- High stock levels giving buyers pricing power
- A cautious labour market impacting job security
Regionally, Auckland's values fell -0.2%, while cities like Hamilton, Tauranga, and Christchurch saw modest increases. A cautious outlook predicts modest house price growth in 2026, potentially capped by debt-to-income limits.
The national picture
A region-by-region breakdown
Why aren't prices rising faster?
Looking ahead to 2026
Author
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