Feature article
Property values drift down -0.4% as the market enters a holding pattern
Will house prices crash or surge? Neither likely.
AI summary
New Zealand's property market is in a holding pattern, not a renewed slump, according to Cotality. The Home Value Index saw a minor -0.4% dip in August, part of a slow downwards drift with national values down only 1% annually.
While Auckland and Wellington are seeing slight falls, centres like Christchurch and Queenstown show resilience. Improved affordability for buyers is offset by economic fragility and election uncertainty, meaning a significant shift isn't expected until the labour market improves.
A downwards drift, not a renewed slump
Main centres split as regional resilience shines
Improved affordability, but no boom in sight
Author
Discover More
The letter that helped this couple buy on the street where she grew up
A letter to the sellers helped Hannah and Jamie buy a four-bedroom Tawa home on the street where Hannah grew up.
Tawa’s village vibe keeps Wellington families coming back
Great schools, a strong community and more house for your money: why Wellington families put down roots in Tawa.
Search
Other articles you might like
