Auckland, Wellington poorest property market performers in 2025

Wellington property values were down 2% in 2025, Cotality said. (Image: Mark Mitchell)

Tue, 06 Jan 2026

New Zealand property values fell 1% in 2025, data company Cotality says.The national median value of a residential property is now $808,430, down 17.6% on the market peak in early 2022, Cotality’s Home Value Index (HVI) shows.However, there were early signs the market may pick up again in 2026, with Cotality forecasting a 5% rise in values thanks to lower mortgage interest rates and a recovering economy, chief property economist Kelvin Davidson said.Despite early gains in 2025, property values fell in seven of the past nine months, slippi...

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