22/07/2025
New Zealand’s property market is inching forward, with sales activity improving and more buyers returning to the market. However, growth remains cautious, and regional performance is mixed. While conditions are more favourable for buyers, the outlook for sellers is slowly improving as interest rates ease.
- Sales volumes have risen 12% year-on-year, but activity is only just returning to typical levels.
- Listings remain high, giving buyers the upper hand in many price negotiations.
- Property values are flat nationally – up just 0.6% for 2025 so far, with some cities seeing mild declines.
- First home buyers continue to lead the charge, making up over a quarter of all purchases.
- Investors are making a comeback as lower interest rates and full mortgage deductibility improve returns.
- Rental supply is up, helping to stabilise rents and ease pressure on tenants.
While the market is showing signs of life, we expect only modest value growth for the remainder of 2025 – a welcome window for buyers ready to act.
View the full report to explore local trends: http://bit.ly/4eYFhYp
