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flag New Zealand's home values fell 1.1% in Q3 2025, led by Auckland, with affordability and demand challenges persisting.

flag New Zealand's housing market declined in the September 2025 quarter, with national home values dropping 1.1% to $900,521, led by Auckland’s 2.5% fall. flag While some regions like the West Coast and Southland hit record highs, most cities saw declines, and affordability remains strained despite lower interest rates. flag Demand is strongest for modern, move-in-ready homes, while poorly designed properties linger on the market. flag Economic uncertainty, high unemployment, and deposit pressures continue to hinder first-home buyers, with analysts predicting flat prices through late 2025 and a modest recovery expected in 2026.

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