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Market Impact: 0.15

Why New Zealand’s Housing Bubble Burst

Housing & Real EstateEconomic Data

New Zealand house prices edged higher in February, but the market remained broadly subdued, with values still down year over year and more than 17% below the 2022 peak. The update points to only a modest stabilisation in housing, not a meaningful recovery, and remains a mild headwind for the property sector.

Analysis

New Zealand house prices edged higher in February, but the market remained broadly subdued, with values still down year over year and more than 17% below the 2022 peak. The update points to only a modest stabilisation in housing, not a meaningful recovery, and remains a mild headwind for the property sector.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15