Story perspectives

New Zealand Housing Market Flat, Regional Variances Emerge

11/13/2025

Summary

Story summary

The New Zealand housing market remains flat, with average home values down 0.8% over the last quarter to $902,020.
Auckland declined 2.2%, while Christchurch rose 0.4%, signaling uneven regional shifts.
Regional markets in the South show resilience, with Invercargill up 2.7% and Queenstown up 1.4%.
Despite increased listings and buyer activity, sustained value growth remains elusive, and experts forecast gradual growth in 2026 as conditions improve.

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Story summary

The New Zealand housing market remains flat, with average home values down 0.8% over the last quarter to $902,020.
Auckland declined 2.2%, while Christchurch rose 0.4%, signaling uneven regional shifts.
Regional markets in the South show resilience, with Invercargill up 2.7% and Queenstown up 1.4%.
Despite increased listings and buyer activity, sustained value growth remains elusive, and experts forecast gradual growth in 2026 as conditions improve.