New Zealand: Real residential property prices Y-on-Y change
* indicates monthly or quarterly data series
The most recent value is -1.93 percent as of Q1 2024, an increase compared to the previous value of -5.04 percent. Historically, the average for New Zealand from Q1 1990 to Q1 2024 is 3.96 percent. The minimum of -17.19 percent was recorded in Q1 2023, while the maximum of 24.36 percent was reached in Q2 2021.
Click on the following link to see the values of: Real residential property prices Y-on-Y change around the world.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Bank for International Settlements (BIS)
| Recent values | New Zealand: Real residential property prices Y-on-Y, percent change |
|---|---|
| 2024 Q1 | -1.93 |
| 2023 Q4 | -5.04 |
| 2023 Q3 | -9.19 |
| 2023 Q2 | -14.08 |
| 2023 Q1 | -17.19 |
| 2022 Q4 | -16.79 |
| 2022 Q3 | -10.14 |
| 2022 Q2 | -2.04 |
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Definition: Real residential property price measures the year-on-year percent change of property prices over time excluding the corresponding Y-on-Y inflation.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Industrial production | -6.80 | Q3/2023 | percent |
| Retail sales Y-on-Y | -3.40 | Q3/2023 | percent |
| House price index | 233.77 | Q3/2023 | index points |
| Real residential property prices Y-on-Y change | -9.19 | Q3/2023 | percent |
| Business confidence survey | 1.50 | 9/2023 | points |
| Consumer confidence survey | -19.80 | Q3/2023 | points |
| Purchasing Managers Index (PMI), composite | 48.82 | 9/2023 | index points |
| Purchasing Managers Index (PMI), manufacturing | 45.43 | 9/2023 | index points |
| Purchasing Managers Index (PMI), services | 50.86 | 9/2023 | index points |