Average House Prices in New Zealand decreased to 905357 NZD in August from 909517 NZD in July of 2024. Average House Prices in New Zealand averaged 609742.61 NZD from 2007 until 2024, reaching an all time high of 1063765.00 NZD in January of 2022 and a record low of 375577.00 NZD in February of 2009. source: Quotable Value
Average House Prices in New Zealand is expected to be 939723.00 NZD by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Residential Average Sale Price is projected to trend around 957383.00 NZD in 2025 and 976531.00 NZD in 2026, according to our econometric models.
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| Related | Last | Previous | Unit | Reference |
|---|---|---|---|---|
| Average House Prices | 905357.00 | 909517.00 | NZD | Aug 2024 |
| Building Permits | 2951.00 | 2390.00 | Units | Jul 2024 |
| Building Permits MoM | 26.20 | -17.00 | percent | Jul 2024 |
| Construction Output | -1.03 | 3.90 | percent | Mar 2024 |
| Home Ownership Rate | 64.60 | 64.70 | percent | Dec 2018 |
| House Price Index MoM | -0.50 | -0.70 | percent | Aug 2024 |
| House Price Index YoY | 1.30 | 2.30 | percent | Aug 2024 |
| Housing Index | 2299.00 | 2310.00 | Points | Aug 2024 |
| Price to Rent Ratio | 132.24 | 132.24 | Mar 2024 | |
| Residential Property Prices | 2.02 | -0.62 | Percent | Mar 2024 |
New Zealand Residential Average Sale Price
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| 905357.00 | 909517.00 | 1063765.00 | 375577.00 | 2007 - 2024 | NZD | Monthly | Current Prices, NSA |
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