New Zealand: Real residential property prices Y-on-Y change

* indicates monthly or quarterly data series
The most recent value is -2.01 percent as of Q2 2024, a decline compared to the previous value of -1.93 percent. Historically, the average for New Zealand from Q1 1989 to Q2 2024 is 3.82 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

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Recent values New Zealand: Real residential property prices Y-on-Y, percent change
2024  Q2 -2.01
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


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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 -1.60 Q3/2024 percent
 Retail sales Y-on-Y -2.50 Q3/2024 percent
 House price index 233.07 Q2/2024 index points
 Real residential property prices Y-on-Y change -2.01 Q2/2024 percent
 Business confidence survey 54.40 1/2025 points
 Consumer confidence survey -2.50 Q4/2024 points
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