House price predictions 2025
Where are house prices going?
Explore our house price predictions for 2025 and understand the future market trends. This guide offers an analysis on where house prices are headed, helping you make informed decisions.
Property investors and homeowners always want to know: “Where are house prices going? What are the banks’ house price predictions?”
No one knows with certainty where house prices will go. But getting a range of opinions can give us a sense of what might happen.
That’s why we look at all the big banks’ forecasts here at Opes Partners and pull them together in one place. That way, you can get a sense of what may happen to house prices.
The median prediction is that house prices will increase by 6.80% in the year to December 2025. But all the banks have different ideas.
This table shows each bank’s prediction between December 2024 and December 2025.
Let’s dig into the details of each bank’s prediction.
More from Opes:
- What’s happening with NZ house prices right now? (Article)
- Where are interest rates heading? Interest rate predictions (Article)
- Can I afford an investment property in 2024? (Article)
Reserve Bank house price predictions
The Reserve Bank puts out its house price forecasts every 3 months. This happens when they release their Monetary Policy Statement.
Here is the latest forecast they released in February 2024.
The Reserve Bank predicts that house prices will go up 3.79% in the year to December 2025.
- Will house prices go up in 2025 in NZ?
- What is the forecast for house prices in NZ?
- What is the house price forecast for BNZ?
ANZ house price predictions
ANZ frequently puts out new house price predictions. They update these often and summarise them in their monthly report – Property Focus.
ANZ predicts that house prices will go up 6.00% in the year to December 2025.
Are property prices about to bounce back?
By Esther Taunton Published: January 31, 2025 •05:00am
The property market is close to a trough and a rebound in prices could be taking shape, CoreLogic says. (File photo)Rosa Woods / The Post
fast facts
- A rebound in property prices could be taking shape, CoreLogic says.
- Property values fell only slightly in January, the fifth month in a row with limited movement.
- However, a sharp upturn in property values is unlikely while the economy remains soft.
The property market is close to a trough and a rebound in prices could be taking shape, data suggests.
Property values across Aotearoa edged 0.1% lower in January, the fifth month in a row with limited movement, according to CoreLogic’s home value index (HVI).
After falling 4.1% over the six months to August, values have fallen only 0.4% since then, a potential sign that a rebound in prices could be taking shape, CoreLogic chief property economist Kelvin Davidson said.
The national median value now stands at $803,819, which is 17.5% below the record highs of late 2021 and early 2022, but still 16.3% above the pre-Covid level of March 2020.
Westpac’s Economic Overview predicts growth for New Zealand
January was a “broadly flat” month around the main centres, with Tauranga and Dunedin both seeing growth of 0.1%, while Auckland and Christchurch both fell 0.1%.
Hamilton stood out, growing 0.5%, while Wellington remained soft, down 0.6%.
Davidson said the recent stability in property values on a national level could be a sign of growth potential.
“Since the ‘mini downturn’ seen through the middle part of last year petered out in August, national property values have been in a holding pattern ‒ not moving clearly in either direction,” he said.
CoreLogic chief property economist Kelvin Davidson says property values have been in a holding pattern for months. (File photo)Joseph Johnson / The Press
“But with mortgage rates having dropped significantly from their peaks, property sales volumes have continued to rise in recent months and may well start to reduce the available stock of listings on the market in the near term.
“That would create more competitive pressure amongst buyers, and it wouldn’t be a surprise to see property values start to rise again shortly.”
However, some caution was still warranted, as not all areas had stopped falling.
While the economy remained soft and the labour market subdued, a sharp upturn in values was unlikely, he said.
PROPERTIES FOR SALE BY TEAM DAVIS WITH HARCOURTS
