New Zealand house prices

Latest: 2026-Q2

1-year change (nominal)

−0.7%

Real (inflation-adjusted) −4.6%

5-year change

−4.8%

House price index

10-year change

+47.3%

Real +6.5%

House price index

228.8

2010 = 100

Valuation (OECD)

Income +123.5%

Rent +170.6% · vs. long-term average (2026-Q1)

Rank by annual change

#52

Japan: +5.0% year on year, +38.9% over 10 years (same BIS index).

House price index annual average · 2010 = 100

NominalReal (inflation-adjusted)

The real index removes consumer price inflation. Coverage differs by country (new or existing homes, flats or houses, cities or the whole country).