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New Zealand median house prices (in NZ $)
Economics Team | August, 29, 2020
New Zealand
REINZ
House prices in New Zealand. The Reserve Bank of New Zealand (RBNZ) publishes Quotable Value Limited’s house price time-series of all residential properties in New Zealand starting in Q4 1989. Data before that calculated by RBNZ stretch back to Q4 1979. The Real Estate Institute of New Zealand (REINZ) also releases housing statistics.
House price changes in New Zealand, nominal and inflation-adjusted ('real')
% change over a year earlier
New Zealand
Source: Real Estate Institute of New Zealand
Quarterly Change in house prices
| Q1 | Q2 | Q3 | Q4 | |
| 2020 | 4.92 | -3.45 | ||
| 2019 | 4.36 | -0.58 | 1.36 | 4.86 |
| 2018 | -4.11 | 5.24 | -1.59 | 0.62 |
| 2017 | 4.11 | -2.49 | -1.24 | 4.65 |
| 2016 | 6.27 | 0.59 | 2.66 | -0.22 |
| 2015 | 5.73 | -5.66 | 7.34 | -3.57 |
| 2014 | 2.7 | -3.2 | -1.97 | 7.32 |
| 2013 | 2.39 | -1.67 | 0.58 | 6.66 |
| 2012 | 3.69 | 0.2 | -0.52 | 5.03 |
| 2011 | 2.88 | -2.31 | -3.2 | 1.78 |
| 2010 | -0.23 | -2.4 | -1.78 | -1.73 |
| 2009 | 1.69 | 0.93 | 1.63 | 3.05 |
| 2008 | 0.48 | -4.14 | -4.38 | 0.01 |
| 2007 | 3.58 | 0.17 | 0.66 | -2.98 |
| 2006 | 1.77 | 1.11 | 0.27 | 5.64 |
| 2005 | 7.41 | 0.55 | 0.8 | 1.03 |
| 2004 | 4.66 | 0.44 | 2.24 | 3.09 |
| 2003 | 3.79 | 5 | 1.92 | 5.51 |
| 2002 | 3.4 | -2.15 | 0.08 | 3.12 |
| 2001 | 1.96 | 1.44 | -2.81 | 2.89 |
| 2000 | 2.23 | -3.52 | 0.39 | -2.86 |
| 1999 | 0.21 | 1.65 | -1.56 | -0.2 |
| 1998 | 0.27 | -0.9 | -0.54 | 3.26 |
| 1997 | 6.75 | -1.61 | 0.46 | 0.06 |
| 1996 | 7.08 | -7.11 | 4.89 | -0.09 |
| 1995 | -0.79 | 2.17 | 1.78 | 1.53 |
| 1994 | 2.46 | 1.2 | 2.71 | 0.7 |
| 1993 | 2.59 | -0.6 | 2.08 | 3.21 |
| 1992 | -1.39 | 0.34 | 1.55 |
This table shows the change in house prices during a single quarter, adjusted for inflation.
Adjusting house price rises (or declines) for inflation produces a more accurate picture of the change in value of housing than the usual nominal figures cited in the newspapers.
