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NZ Property Market 2025: Stabilization After the Storm
Manage episode 484157133 series 3603762
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Are Kiwi house prices finally turning a corner in 2025? After weathering an 18% decline from the 2021 peak, the market is showing tentative signs of stabilization with national average prices inching up 0.2% to $903,000. But does this modest growth signal a recovery worth betting on?
The regional story reveals fascinating contrasts across New Zealand. Auckland values slipped 0.1% to $1.2 million – welcome news for potential buyers but concerning for homeowners hoping for capital gains. Meanwhile, Queenstown prices remain stratospheric at $1.81 million despite a slight dip, highlighting how location continues to dictate market dynamics. These variations emphasize why understanding your local market is crucial before making property decisions.
What's driving these changes? Major financial institutions are cautiously optimistic, with forecasts ranging from ASB's bullish 9.4% growth prediction to the Reserve Bank's more conservative 3.79%. Interest rate cuts (down 175 basis points since August) are providing breathing room for borrowers, though housing affordability remains a significant hurdle for many Kiwis. The persistent housing shortage continues to prop up prices despite economic headwinds. For potential buyers weighing their options, this could represent an opportunity – if you're financially prepared and secure in your employment. Join us every fortnight for our webinar where we dive deeper into these trends and answer your pressing property questions. Your smart financial decisions start with staying informed.
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Chapters
1. Welcome & Housing Market Question (00:00:00)
2. National Price Trends & Regional Variations (00:00:51)
3. Bank Forecasts & Market Influences (00:01:56)
4. Episode Wrap-up & Webinar Invitation (00:03:14)
66 episodes
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