NZ
Housing & Property
Latest New Zealand housing & property news and updates
Housing & Property
Auckland Council Debates Significant Rollback of Housing Intensification Plans
Auckland Council's Policy, Planning and Development Committee is set to vote on June 9, 2026, on proposals to scale back its housing intensification plans under Plan Change 120. The decisions could impact future house prices by up to 8% and result in a $3.2 billion variance in economic benefits.
Housing & Property
NZ Property Market 'Stuck in Neutral' as May Prices Stagnate Amid Interest Rate Pressures
New Zealand's national median home value held flat in May 2026 at $808,187, reflecting a cautious market influenced by high interest rates. Property values remain 17% below their 2022 peak, with key regional centres showing mixed performance.
Housing & Property
Christchurch Property Market Defies National Slump with Strong Price Recovery
While Auckland and Wellington struggle with house prices significantly below their historical peaks, Christchurch is showing remarkable resilience. Strong internal migration and solid first-home buyer demand continue to support the local Canterbury market.
Housing & Property
New Zealand National Median Rent Rises for First Time in 2026
New Zealand's national median weekly rent rose to $625 in April 2026, marking the first monthly increase since late 2025. While major centres like Auckland and Wellington saw declines, a 5% drop in available properties and an 8% surge in demand are pushing regional rents higher.
Housing & Property
One in Six New Westpac Home Loans Now Exceed One Million Dollars
New data reveals that one in six new home loans issued by Westpac New Zealand this year exceeds $1 million, as Auckland first-home buyers face a median entry price of $900,000.
Housing & Property
New Zealand Housing Market Softens as Sales Volumes and Prices Retreat in April
New Zealand's housing market slowed significantly in April 2026, with national sales volumes falling 7.9% annually and the median price dropping to $775,000. Rising inventory levels and anticipated interest rate hikes are contributing to a shift in market dynamics.
Housing & Property
New Zealand housing market faces renewed price pressure as sentiment weakens
New Zealand house prices are forecast to fall by 2% in 2026 as consumer confidence reaches a three-year low. Despite a marginal monthly rise in April, high inflation expectations and a retreat by property investors continue to weigh on the market.
Housing & Property
New Zealand House Prices Projected to Decline as Interest Rates Rise
New Zealand's property market is bracing for a 2% price decline in 2026, reversing earlier growth forecasts. Rising mortgage rates and record-high inventory levels are driving the shift toward a buyer's market.
Housing & Property
Southland Property Prices Reach Record High Amid Tightening Housing Stock
Southland property prices hit a record average of $617,879 in April 2026, marking a 17.9% annual increase as housing stock fell by 21.3%.
Housing & Property
New Zealand Housing Consents Record First Annual Increase in Three Years
New Zealand recorded 37,813 new home consents in the year to March 2026, an 11% increase that ends a three-year period of decline. While Auckland and Canterbury lead the recovery, economists warn that rising material costs and global supply chain disruptions could temper future growth.
Housing & Property
Auckland Property Values Slip in April as National Market Records Third Monthly Gain
Auckland's median house price dipped 0.1% to just over $1.04 million in April 2026, contrasting with a 0.1% national increase. High inventory and looming OCR hikes continue to weigh on NZ's largest property market.
Housing & Property
NZ Property Values Edge Up Slightly in April, but Auckland and Wellington Decline Amid Sluggish Outlook
New Zealand's national median property value rose slightly to $809,101 in April, but a 0.1% decline in Auckland and Wellington highlights a widening regional divide as the RBNZ maintains a hawkish stance.