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What to expect from NZ’s property market in 2025: expert insights
A year of conflicting forces?
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AI summary
According to CoreLogic economist Kelvin Davidson, NZ’s 2025 property market will be stable, shaped by conflicting forces. Falling mortgage rates will encourage buyers, but job market challenges and affordability issues will restrain significant price growth.
CoreLogic forecasts an average national price increase of around 5%. The market currently favours buyers due to high listings, but it’s a decent time for sellers too, with no need to rush. Watch for falling mortgage rates and the impact of debt-to-income ratios.
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?
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