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After a cautious 2025 and a 0.8% year-to-date dip in the Valocity Value Index, market fundamentals are now improving, paving the way for a potential lift into 2026.

Momentum is returning to New Zealand’s property market, as spring brings a lift in regional values and early signs of renewed confidence.

New Zealand’s housing market is showing early signs of recovery, with easing mortgage rates and growing spring activity hinting at a potential rebound ahead.

New Zealand property values slipped 1.2% ($12,000) in the three months to August 2025, pushing the year-to-date decline to 1.1%. With values stuck in a narrow $40,000 band for two years, the market remains flat – but for how much longer?

Mortgage rate cuts have boosted buyer activity in New Zealand, but property values continue to edge down, with most regions recording declines and a market recovery still out of reach.

The New Zealand housing market remained flat in early 2025, with values down 0.16% despite a 22% rise in mortgage registrations following recent rate cuts.

New Zealand’s property market remains stable despite easing mortgage rates improving affordability, with a subdued winter outlook ahead. The national Valocity Value showed minimal movement, despite mortgage rate cuts improving affordability.