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New Zealand's housing market stabilized in late 2025, with prices flat quarterly and down 0.1% yearly, amid ongoing affordability challenges.
New Zealand’s housing market stabilized in late 2025, with national home values flat quarter-on-quarter and down 0.1% year-on-year, averaging $907,274—13.4% below the 2022 peak.
Auckland saw a slower 1.1% quarterly decline, while Christchurch and Hamilton rose 2.1% and 1.4%.
Some areas like North Shore, Rodney, and Invercargill posted gains.
Increased listings and buyer activity improved sentiment, but affordability remains strained by high mortgage rates, rising ownership costs, and wages failing to keep up with inflation.
Mortgagee sales rose, particularly in Auckland and Wellington, as financial pressure mounts.
Experts predict a gradual market adjustment in 2026, driven more by affordability and regional disparities than price growth.
El mercado de la vivienda de Nueva Zelanda se estabilizó a fines de 2025, con precios estables trimestralmente y bajando un 0.1% anual, en medio de los desafíos de asequibilidad en curso.