# Q&A-What is the New Zealand residential property market doing at the moment? **URL:** \ **Category:** Residential - Q&A\ **Tags:** new-zealand, market-cycle, market-conditions\ **Created:** [16 May 2025 12:43 UTC](https://newkids.discourse.group/t/q-a-what-is-the-new-zealand-residential-property-market-doing-at-the-moment/246 "2025-05-16T12:43:39Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![chris-newkids](https://yyz1.discourse-cdn.com/flex031/user_avatar/newkids.discourse.group/chris-newkids/32/4_2.png) [@chris-newkids](https://newkids.discourse.group/u/chris-newkids)\ **Post date:** [16 May 2025 12:43 UTC](https://newkids.discourse.group/t/q-a-what-is-the-new-zealand-residential-property-market-doing-at-the-moment/246/1 "2025-05-16T12:43:39Z")
In this new topic, we get our community to share some insights to help owners, tenants, buyers and sellers understand what the _current_ market conditions are. First up we remind ourselves of the market cycle clock: ![Screen Shot 2025-03-17 at 11.38.58 AM](https://canada1.discourse-cdn.com/flex031/uploads/newkids/original/1X/92902a9d3de9bd5b80e5b791d4186e1e482bfc5b.png) Next we start looking at recent published articles: > **[Is it actually a good time to buy a house?](https://www.rnz.co.nz/news/business/561228/is-it-actually-a-good-time-to-buy-a-house)** > > Twice this week, first-home buyers have been told it might be their big chance to get into the market. > **[Almost one in 10 property sellers taking a loss](https://www.rnz.co.nz/news/top/561031/almost-one-in-10-property-sellers-taking-a-loss)** > > What latest prices and holding times say about the property market. Question - Does our community have any market information to share? ---
**Author:** ![chris-newkids](https://yyz1.discourse-cdn.com/flex031/user_avatar/newkids.discourse.group/chris-newkids/32/4_2.png) [@chris-newkids](https://newkids.discourse.group/u/chris-newkids)\ **Post date:** [16 May 2025 13:01 UTC](https://newkids.discourse.group/t/q-a-what-is-the-new-zealand-residential-property-market-doing-at-the-moment/246/2 "2025-05-16T13:01:53Z")
Interesting article: > **[Global uncertainty sees luxury home-owners leasing out $8-20 million houses...](https://www.rnz.co.nz/news/top/561038/global-uncertainty-sees-luxury-home-owners-leasing-out-8-20-million-houses-for-short-term-rentals)** > > A luxury real estate agent says more international clients are looking for homes. ---
**Author:** ![chris-newkids](https://yyz1.discourse-cdn.com/flex031/user_avatar/newkids.discourse.group/chris-newkids/32/4_2.png) [@chris-newkids](https://newkids.discourse.group/u/chris-newkids)\ **Post date:** [8 September 2025 23:32 UTC](https://newkids.discourse.group/t/q-a-what-is-the-new-zealand-residential-property-market-doing-at-the-moment/246/3 "2025-09-08T23:32:34Z")
Market alert - Wellington. **For buyers, sellers and agents!** **Why read this post?** 1. Be in the know before you act! 2. The real estate marketplace is constantly changing so you need to monitor it. Wellington house prices slump 30 percent from peak, QV says > **[Wellington house prices slump 30 percent from peak, QV says](https://www.rnz.co.nz/news/business/572489/wellington-house-prices-slump-30-percent-from-peak-qv-says)** > > The latest data reveals a national average value of $906,977. ---
**Author:** ![RealHelp](https://avatars.discourse-cdn.com/v4/letter/r/ce73a5/32.png) [@RealHelp](https://newkids.discourse.group/u/RealHelp)\ **Post date:** [9 September 2025 00:17 UTC](https://newkids.discourse.group/t/q-a-what-is-the-new-zealand-residential-property-market-doing-at-the-moment/246/4 "2025-09-09T00:17:58Z")
Starting to see some evidence of rental rates dropping. Hutt Valley. ---
**Author:** ![Littlejohn](https://avatars.discourse-cdn.com/v4/letter/l/278dde/32.png) [@Littlejohn](https://newkids.discourse.group/u/Littlejohn)\ **Post date:** [12 September 2025 00:18 UTC](https://newkids.discourse.group/t/q-a-what-is-the-new-zealand-residential-property-market-doing-at-the-moment/246/5 "2025-09-12T00:18:29Z")
Question. Does anyone know what Chatswood area is like to live? I have heard their is quite a few buyers looking and not a lot of properties. ---
**Author:** ![chris-newkids](https://yyz1.discourse-cdn.com/flex031/user_avatar/newkids.discourse.group/chris-newkids/32/4_2.png) [@chris-newkids](https://newkids.discourse.group/u/chris-newkids)\ **Post date:** [12 September 2025 23:08 UTC](https://newkids.discourse.group/t/q-a-what-is-the-new-zealand-residential-property-market-doing-at-the-moment/246/6 "2025-09-12T23:08:43Z")
Hi @Littlejohn. A friend of mine has decided to sell his home. He informs me that there seems to be a lot of buyers wanting to purchase and live in Chatswood. ---
**Author:** ![chris-newkids](https://yyz1.discourse-cdn.com/flex031/user_avatar/newkids.discourse.group/chris-newkids/32/4_2.png) [@chris-newkids](https://newkids.discourse.group/u/chris-newkids)\ **Post date:** [21 October 2025 20:34 UTC](https://newkids.discourse.group/t/q-a-what-is-the-new-zealand-residential-property-market-doing-at-the-moment/246/7 "2025-10-21T20:34:49Z")
Some further insights into residential property market - Oct 25. > **[Regional housing markets bouncing back faster than some main centres](https://www.rnz.co.nz/news/business/575429/regional-housing-markets-bouncing-back-faster-than-some-main-centres)** > > Southland, Canterbury and Waikato are strengthening in terms of demand and value growth predictions, a CBRE survey shows. ---
**Author:** ![RealHelp](https://avatars.discourse-cdn.com/v4/letter/r/ce73a5/32.png) [@RealHelp](https://newkids.discourse.group/u/RealHelp)\ **Post date:** [29 October 2025 22:27 UTC](https://newkids.discourse.group/t/q-a-what-is-the-new-zealand-residential-property-market-doing-at-the-moment/246/8 "2025-10-29T22:27:30Z")
Market alert - This is alarming. But it is pretty typical of a falling market-cycle (3 o’clock - 6 o’clock). Essentially money is tight. Thousands of households in arrears on council rates. > **[Thousands of households in arrears on council rates](https://www.rnz.co.nz/news/business/577029/thousands-of-households-in-arrears-on-council-rates)** > > The latest consumer price index data revealed rates are up 8.8 percent year-on-year. ---
**Author:** ![chris-newkids](https://yyz1.discourse-cdn.com/flex031/user_avatar/newkids.discourse.group/chris-newkids/32/4_2.png) [@chris-newkids](https://newkids.discourse.group/u/chris-newkids)\ **Post date:** [29 October 2025 22:52 UTC](https://newkids.discourse.group/t/q-a-what-is-the-new-zealand-residential-property-market-doing-at-the-moment/246/9 "2025-10-29T22:52:00Z")
Hi @RealHelp. Thanks for this market alert. It’s a very big problem for councils. Just make sure all settlements are subject to arrears being paid. This is normal in settlement processes. But it pays to be alert! ---
**Author:** ![Hopefullone](https://avatars.discourse-cdn.com/v4/letter/h/f1d935/32.png) [@Hopefullone](https://newkids.discourse.group/u/Hopefullone)\ **Post date:** [31 October 2025 20:50 UTC](https://newkids.discourse.group/t/q-a-what-is-the-new-zealand-residential-property-market-doing-at-the-moment/246/10 "2025-10-31T20:50:40Z")
I have noticed a lot of auction properties not selling at auctions. Is this correct. ---
**Author:** ![chris-newkids](https://yyz1.discourse-cdn.com/flex031/user_avatar/newkids.discourse.group/chris-newkids/32/4_2.png) [@chris-newkids](https://newkids.discourse.group/u/chris-newkids)\ **Post date:** [31 October 2025 22:43 UTC](https://newkids.discourse.group/t/q-a-what-is-the-new-zealand-residential-property-market-doing-at-the-moment/246/11 "2025-10-31T22:43:30Z")
Hi @Hopefullone. Anecdotally from members who are buyers. This appears to be correct. I personally don’t agree with auctions in falling markets. We are hearing from buyers, that they appear to be the only buyer for that particular property in the Auction rooms. Then if this is correct, are they bidding against themselves?? Their are strict rules with this. **A question I often get asked are their real bidders on the phones?** ---
**Author:** ![chris-newkids](https://yyz1.discourse-cdn.com/flex031/user_avatar/newkids.discourse.group/chris-newkids/32/4_2.png) [@chris-newkids](https://newkids.discourse.group/u/chris-newkids)\ **Post date:** [5 December 2025 02:37 UTC](https://newkids.discourse.group/t/q-a-what-is-the-new-zealand-residential-property-market-doing-at-the-moment/246/12 "2025-12-05T02:37:43Z")
An update on Auckland residential market. > **[What's going on with Auckland house prices?](https://www.rnz.co.nz/news/business/580789/what-s-going-on-with-auckland-house-prices)** > > Auckland is 22.9 percent below its peak and "lagging behind everyone else", an expert says. ---
**Author:** ![support-newkids](https://yyz1.discourse-cdn.com/flex031/user_avatar/newkids.discourse.group/support-newkids/32/869_2.png) [@support-newkids](https://newkids.discourse.group/u/support-newkids)\ **Post date:** [22 July 2026 22:56 UTC](https://newkids.discourse.group/t/q-a-what-is-the-new-zealand-residential-property-market-doing-at-the-moment/246/13 "2026-07-22T22:56:37Z")
## **🏡 Housing Market Update: Are you waiting to buy, sell, or staying put?** New Zealand’s housing market remains subdued, with sales activity continuing to soften as buyers and sellers navigate ongoing economic uncertainty. Higher living costs, borrowing expenses and cautious consumer confidence are all influencing decisions in today’s property market. Whether you’re planning your next move or simply keeping an eye on the market, we’d love to hear your perspective. ### 💬 Join the conversation - Are you planning to buy, sell or stay where you are over the next 12 months? - Have current market conditions changed your plans? - If you’re selling, are buyers taking longer to make decisions? - If you’re buying, do you feel there are more opportunities available? - What do you think needs to happen before the housing market becomes more active again? Every property journey is different. By sharing your experiences and observations, you can help others make more informed decisions. 📰 Read the RNZ article below, then let us know what you’re seeing in your part of New Zealand. > **[Housing market remains subdued as sales activity continues to weaken](https://www.rnz.co.nz/news/business/773455/housing-market-remains-subdued-as-sales-activity-continues-to-weaken)** > > House buyers can continue to bide their time as the New Zealand housing market remains subdued, with price competition favouring buyers. ---
**Author:** ![support-newkids](https://yyz1.discourse-cdn.com/flex031/user_avatar/newkids.discourse.group/support-newkids/32/869_2.png) [@support-newkids](https://newkids.discourse.group/u/support-newkids)\ **Post date:** [31 July 2026 23:06 UTC](https://newkids.discourse.group/t/q-a-what-is-the-new-zealand-residential-property-market-doing-at-the-moment/246/14 "2026-07-31T23:06:32Z")
We have an update on the current market conditions: > **[Property market's 'longest and deepest downturn' in 30 or 40 years](https://www.rnz.co.nz/news/business/855215/property-market-s-longest-and-deepest-downturn-in-30-or-40-years)** > > New Zealand's housing market is going through the longest and deepest downturn in 30 or 40 years, property data firm Cotality says. Do you agree with this? ---
**Author:** ![chris-newkids](https://yyz1.discourse-cdn.com/flex031/user_avatar/newkids.discourse.group/chris-newkids/32/4_2.png) [@chris-newkids](https://newkids.discourse.group/u/chris-newkids)\ **Post date:** [31 July 2026 23:10 UTC](https://newkids.discourse.group/t/q-a-what-is-the-new-zealand-residential-property-market-doing-at-the-moment/246/15 "2026-07-31T23:10:56Z")
Lets create a poll, and see how others in the community feel? _Poll ([view on site](https://newkids.discourse.group/t/q-a-what-is-the-new-zealand-residential-property-market-doing-at-the-moment/246/15))_ ---
**Author:** ![support-newkids](https://yyz1.discourse-cdn.com/flex031/user_avatar/newkids.discourse.group/support-newkids/32/869_2.png) [@support-newkids](https://newkids.discourse.group/u/support-newkids)\ **Post date:** [3 September 2026 19:21 UTC](https://newkids.discourse.group/t/q-a-what-is-the-new-zealand-residential-property-market-doing-at-the-moment/246/16 "2026-09-03T19:21:05Z")
House buyers have 45 percent more choice > **[House buyers have 45 percent more choice](https://www.rnz.co.nz/news/business/1212996/house-buyers-have-45-percent-more-choice)** > > House buyers now have 45 percent more homes to choose from than they did three years ago, Realestate.co.nz says. We at NEW KIDS see that buyers may have as high as 60+ percent. Do you agree? ---
**Author:** ![support-newkids](https://yyz1.discourse-cdn.com/flex031/user_avatar/newkids.discourse.group/support-newkids/32/869_2.png) [@support-newkids](https://newkids.discourse.group/u/support-newkids)\ **Post date:** [3 September 2026 19:21 UTC](https://newkids.discourse.group/t/q-a-what-is-the-new-zealand-residential-property-market-doing-at-the-moment/246/17 "2026-09-03T19:21:46Z")
‘We’ve lost half our deposit’: About 4000 first-home buyers owe more than their homes worth > **['We've lost half our deposit': About 4000 first-home buyers owe more than...](https://www.rnz.co.nz/news/personal-finance/1237240/we-ve-lost-half-our-deposit-about-4000-first-home-buyers-owe-more-than-their-homes-worth)** > > Rising interest rates are not welcome news for most borrowers, but they hit especially hard for those who are paying off a home loan on a house that is now worth less than they paid for it. We are now seeing many home owners selling and taking the loss. This will and is having a big impact on the mental well being of our community. ---
**Author:** ![Hopefullone](https://avatars.discourse-cdn.com/v4/letter/h/f1d935/32.png) [@Hopefullone](https://newkids.discourse.group/u/Hopefullone)\ **Post date:** [7 September 2026 00:01 UTC](https://newkids.discourse.group/t/q-a-what-is-the-new-zealand-residential-property-market-doing-at-the-moment/246/18 "2026-09-07T00:01:15Z")
I know a few divorcees going through property separation’s at the moment. They are facing horrible and difficult choices about taking a loss on their sale of their former home, compared to what they paid for it in happier times. ---
**Author:** ![chris-newkids](https://yyz1.discourse-cdn.com/flex031/user_avatar/newkids.discourse.group/chris-newkids/32/4_2.png) [@chris-newkids](https://newkids.discourse.group/u/chris-newkids)\ **Post date:** [28 October 2026 21:22 UTC](https://newkids.discourse.group/t/q-a-what-is-the-new-zealand-residential-property-market-doing-at-the-moment/246/19 "2026-10-28T21:22:05Z")
October update: > **[Homes selling for less than asking price - but only just, Realestate.co.nz says](https://www.rnz.co.nz/news/personal-finance/2171018/homes-selling-for-less-than-asking-price-but-only-just-realestate-co-nz-says)** > > Houses are selling near the price vendors are asking, Realestate.co.nz says, but in some parts of the country, the method of sale may be affecting the calculation. ---
**Author:** ![chris-newkids](https://yyz1.discourse-cdn.com/flex031/user_avatar/newkids.discourse.group/chris-newkids/32/4_2.png) [@chris-newkids](https://newkids.discourse.group/u/chris-newkids)\ **Post date:** [28 October 2026 21:42 UTC](https://newkids.discourse.group/t/q-a-what-is-the-new-zealand-residential-property-market-doing-at-the-moment/246/20 "2026-10-28T21:42:53Z")
Update from ANZ: (NEW KIDS community tells another story) > **[NZ housing bubble mostly deflated, says ANZ](https://www.rnz.co.nz/news/business/2053624/nz-housing-bubble-mostly-deflated-says-anz)** > > House prices may have a little further to fall, but most of the New Zealand housing bubble has now been deflated, ANZ economists say.