Real house prices in New Zealand fell 3.7 % over the past year, adjusted for inflation.
House price growth in New Zealand over time
80 official observations, Q2 2006 → Q1 2026. Every point is a published value — never interpolated.
Rank
#3 of 54
lower is better
Ranked behind
94 %
51 of 54 countries
Latest move
▲ 0.45 pp
since Q4 2025
Year on year
▲ 0.60 pp
over 12 months
Below its peak
28.08 pp
peak 24.36 % in Q2 2021
Full series
▼ 9.66 pp
since Q2 2006
vs median 2.49 %: −6.20 pp (better)
Among 54 countries
Half of all 54 countries sit between -0.52 % and 6.20 %. New Zealand is ahead of 94 % of them. Axis trimmed to the 2nd–98th percentile; 3 values beyond it sit in the end bars.
Real year-on-year change in residential property prices (BIS). Framed for buyers — slower growth is greener; homeowners may read it the other way.
How to read this figure
Real year-on-year change in residential property prices from the BIS — inflation-adjusted, so it shows whether homes beat or trailed prices in general. Base-independent, which is what makes ~60 countries honestly comparable in one ranking. The colour scale takes the buyer’s side (slower growth = greener); an existing owner may read it the opposite way.