Story perspectives

New Zealand Property Market Stagnates Amid Mixed Price Trends

7/2/2025

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Summary

Story summary

New Zealand's property market has remained stagnant for 30 months, with an average asking price of $855,360, down 0.9% year-on-year.
Southland experienced an 8.6% increase in asking prices, reaching a record $568,647, while Northland saw a 9.1% decline to $773,681.
National housing stock decreased from 36,870 in March to 32,384 in June 2025.
New listings dropped by 2.5% in June, with Auckland's average asking price at $1,013,978, down 2.8% year-on-year.

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Story summary

New Zealand's property market has remained stagnant for 30 months, with an average asking price of $855,360, down 0.9% year-on-year.
Southland experienced an 8.6% increase in asking prices, reaching a record $568,647, while Northland saw a 9.1% decline to $773,681.
National housing stock decreased from 36,870 in March to 32,384 in June 2025.
New listings dropped by 2.5% in June, with Auckland's average asking price at $1,013,978, down 2.8% year-on-year.