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Global Property Metrics

Official quarterly series

New Zealand inflation-adjusted house price history

Official house-price movement after removing consumer-price inflation. It shows changes in purchasing-power terms, not a currency price.

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Most recent data · 2025-Q4
127.5
Annual change
−3.7%
Since 2015-Q1
+33.5%
Observations
44
82108134160187Mar 2015Sep 2018Mar 2022Dec 2025
New Zealand real house prices · 2015 = 100Latest Dec 2025: 127.5

Latest observations

Period2015 = 100
2025-Q4127.5
2025-Q3129.6
2025-Q2130.9
2025-Q1131.3
2024-Q4132.4
2024-Q3133.5
2024-Q2135.8
2024-Q1137.6
2023-Q4137.8
2023-Q3137.9
2023-Q2138.1
2023-Q1138.8

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Cross-country context

Markets closest to New Zealand

Peers are selected by the smallest difference in the latest annual movement for this metric.