Buying guide

What to expect from NZ’s property market in 2025: expert insights

A year of conflicting forces?

Al Hall
Last updated: 21 January 2025 | 5 min read
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AI summary

The 2025 NZ property market will see "conflicting forces," according to CoreLogic economist Kelvin Davidson. A modest 5% average price increase is predicted, as falling mortgage rates are offset by job market challenges.

The market currently favours buyers due to high listings, but it's considered a "decent market for everybody." Buyers have ample choice without needing to rush, while sellers face a steady, non-booming environment. Regional growth will vary, with Auckland and Wellington likely seeing flatter increases.

How are things looking in NZ’s property market right now?

Kelvin believes that NZ's property market will remain in favour of buyers for some time yet.

And what should we expect for the rest of 2025?

So, is now a bad time to be a seller?

Should buyers be hustling to secure a home in these favourable conditions?

Smaller cities like New Plymouth, Invercargill and Palmerston North could see greater than average property price increases in 2025.

What can you tell us about different regions of NZ?

Finally, are there any property related policy announcements to look out for in 2025?

Author

Al Hall Al Hall
Content Writer