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Housing & livingNew Zealand

House price growth in New Zealand

Are homes there getting further out of reach right now?

New Zealand's house price growth is -3.72 % — #3 of 54 countries on the atlas (lower is better). Period 2026-Q1.

-3.72%

Checked 9 Sept 2026Period 2026-Q1

Source: BIS residential property prices

Real house prices in New Zealand fell 3.7 % over the past year, adjusted for inflation.

Among 54 countries

2 of 54 countries between -6.81 % and -6.11 %1 of 54 countries between -4.01 % and -3.31 %4 of 54 countries between -3.31 % and -2.62 %3 of 54 countries between -2.62 % and -1.92 %2 of 54 countries between -1.92 % and -1.22 %2 of 54 countries between -1.22 % and -0.52 %3 of 54 countries between -0.52 % and 0.18 %5 of 54 countries between 0.18 % and 0.88 %3 of 54 countries between 1.58 % and 2.28 %5 of 54 countries between 2.28 % and 2.97 %2 of 54 countries between 2.97 % and 3.67 %3 of 54 countries between 3.67 % and 4.37 %2 of 54 countries between 4.37 % and 5.07 %2 of 54 countries between 5.07 % and 5.77 %1 of 54 countries between 5.77 % and 6.47 %3 of 54 countries between 6.47 % and 7.17 %4 of 54 countries between 7.17 % and 7.86 %2 of 54 countries between 7.86 % and 8.56 %5 of 54 countries between 9.26 % and 9.96 %median 2.40 %New Zealand: ahead of 94 % of the 54 countries with a published house price growthNew Zealand -3.72 %-6.81 %9.96 %
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.
Rank
#3 of 54
lower is better
Ranked behind
94 %
51 of 54 countries
Latest move
▲ 0.52 pp
since Q4 2025

vs median 2.49 %: −6.20 pp (better)

The neighbourhood

#CountryHouse price growthvs New Zealand
1 China-7.07 %−3.36 pp
2 Canada-6.81 %−3.09 pp
3 New Zealand-3.72 %—
4 Turkey-3.28 %+0.43 pp
5 Israel-3.22 %+0.50 pp

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.

House price growth, all countries ranked →Compare New Zealand with another country →Everything about New Zealand →
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