National official coverage
2 official sourcesNew Zealand property market
National residential property prices fell 0.8% in the year to 2026-Q1. Additional local coverage appears below where an official source qualifies.
- Latest period
- 2026-Q1
- Year over year
- −0.8%
- History
- 91 quarters
- Since 2015-Q1
- +77.5%
Official national series
Residential property price index
Nominal index, 2010 = 100 · quarterly · through 2026-Q1
- Latest index
- 231.3
- Year over year
- −0.8%
- Since 2015-Q1
- +77.5%
Source: Bank for International Settlements, selected residential property prices. BIS chooses the series closest to nationwide coverage for cross-country comparison; national compilation methods still vary. This is an index of price movement, not a currency price level or a city-specific estimate.
Official valuation signals
House prices, rents and price-to-rent
OECD analytical house price indicators · 2015 = 100
- House price index
- 167.1
- −1.2% over four quarters
- Through 2025-Q4
- Rent price index
- 137.6
- +0.5% over four quarters
- Through 2026-Q2
- Price-to-rent index
- 121.4
- −3.1% over four quarters
- Through 2025-Q4
Source: OECD analytical house price indicators. Index levels measure cumulative movement from the 2015 base and are not currency prices. Price-to-rent movement is a valuation signal, not a gross rental yield.
Observations
Recent BIS quarterly history
Index levels show change from the 2010 base; they are not property prices.
| Quarter | Nominal index | Year over year | Period end |
|---|---|---|---|
| 2026-Q1 | 231.3 | −0.8% | Mar 31, 2026 |
| 2025-Q4 | 230.9 | −1.2% | Dec 31, 2025 |
| 2025-Q3 | 230.2 | −0.5% | Sep 30, 2025 |
| 2025-Q2 | 230.4 | −1.1% | Jun 30, 2025 |
| 2025-Q1 | 233.1 | −1.9% | Mar 31, 2025 |
| 2024-Q4 | 233.6 | −1.6% | Dec 31, 2024 |
| 2024-Q3 | 231.4 | −1.0% | Sep 30, 2024 |
| 2024-Q2 | 233.0 | +1.2% | Jun 30, 2024 |
| 2024-Q1 | 237.6 | +2.1% | Mar 31, 2024 |
| 2023-Q4 | 237.4 | −0.6% | Dec 31, 2023 |
| 2023-Q3 | 233.8 | −4.1% | Sep 30, 2023 |
| 2023-Q2 | 230.2 | −8.9% | Jun 30, 2023 |
Source and interpretation
Comparable national coverage, with limits
BIS supplies a cross-country national residential property price benchmark. OECD also adds rent and price-to-rent indices, all normalized to 2015 = 100.
National compilation methods and dwelling coverage still vary. These indices cannot answer what a home costs in a specific city or how much listing inventory is available.
Coverage status
- National price index
- Published
- Official city benchmark
- Not yet available
- Rent and valuation indices
- Published
- Official local markets
- 0
- Primary published scope
- National
Latest source snapshot ingested Aug 9, 2026. Coverage expands only after additional official datasets pass publication review.
Markets with similar annual movement