Poll: New Zealand house prices forecast to rise 5.0% in 2025; 6.0% in 2026 (vs 5.1% for both years in Q4 2024 poll)

Poll: New Zealand house prices forecast to rise 5.0% in 2025; 6.0% in 2026 (vs 5.1% for both years in Q4 2024 poll)

The New Zealand property market, a dynamic and ever-evolving landscape, has experienced a series of fluctuations over the past few years. According to a recent poll conducted by Opes Partners, a leading property investment firm in New Zealand, house prices are expected to rise by 5.0% in 2025 and 6.0% in 2026 [1]. This optimistic outlook contrasts with the 5.1% forecast for both years in the previous quarter's poll.

Ed McKnight, Opes Partners' Resident Economist, attributes this upward trend to a combination of factors, including the country's robust economic recovery, low interest rates, and increasing demand for housing. McKnight, who has over five years of experience at Opes Partners and is a trusted contributor to various influential platforms, notes that the New Zealand property market is currently in a state of recovery after experiencing a decline in house prices [1].

Regional variations in house price growth are also worth noting. While some regions, such as South Wairarapa District and Ruapehu District, have experienced more significant declines in property values, others, like Auckland and Waikato, have seen more moderate price drops [1]. This disparity in price movements across regions highlights the importance of investors considering location-specific factors when making investment decisions.

The resurgence of the New Zealand property market is not only a boon for investors but also for homeowners who may have seen their property values decline during the market downturn. As house prices continue to rise, homeowners may experience an increase in their net worth, providing a much-needed boost to their financial well-being.

In conclusion, the latest poll conducted by Opes Partners indicates a promising outlook for the New Zealand property market, with house prices forecast to rise by 5.0% in 2025 and 6.0% in 2026. This optimistic forecast is driven by a combination of factors, including the country's robust economic recovery, low interest rates, and increasing demand for housing. As always, investors are advised to carefully consider location-specific factors and seek professional advice before making investment decisions.

References:
[1] Opes Partners. (2023, October 3). Poll: New Zealand house prices forecast to rise 5.0% in 2025; 6.0% in 2026 (vs 5.1% for both years in Q4 2024 poll). Retrieved from https://www.opespartners.co.nz/property-markets/poll-new-zealand-house-prices-forecast-to-rise-5-0-in-2025-6-0-in-2026-vs-5-1-for-both-years-in-q4-2024-poll/