New Zealand: Real residential property prices Y-on-Y change
* indicates monthly or quarterly data series
The most recent value is -3.51 percent as of Q3 2025, an increase compared to the previous value of -3.68 percent. Historically, the average for New Zealand from Q1 1990 to Q3 2025 is 3.65 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 |
|---|---|
| 2025 Q3 | -3.51 |
| 2025 Q2 | -3.68 |
| 2025 Q1 | -4.32 |
| 2024 Q4 | -3.73 |
| 2024 Q3 | -3.08 |
| 2024 Q2 | -2.06 |
| 2024 Q1 | -1.87 |
| 2023 Q4 | -5.04 |
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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 | 0.90 | Q3/2025 | percent |
| Retail sales Y-on-Y | 4.50 | Q3/2025 | percent |
| House price index | 230.13 | Q3/2025 | index points |
| Real residential property prices Y-on-Y change | -3.51 | Q3/2025 | percent |
| Business confidence survey | 73.60 | 12/2025 | points |
| Consumer confidence | 98.00 | Q3/2025 | points |