New Zealand House Prices Fall 0.3% to 3-Year Low, Sitting 18% Below 2022 Peak
Updated
Updated · Bloomberg · Aug 1
New Zealand House Prices Fall 0.3% to 3-Year Low, Sitting 18% Below 2022 Peak
3 articles · Updated · Bloomberg · Aug 1
Summary
New Zealand house prices fell 0.3% in July, pushing the market to its weakest level in three years and extending the downturn that began in early 2022.
Cotality said June prices were also down a revised 0.3%, showing the slide persisted through mid-2026 rather than stabilizing.
The home value index now sits 18% below the January 2022 peak, underscoring how deep the correction has become.
Bloomberg described the current stretch as the housing market’s biggest down phase in decades, highlighting the broader severity of the slump.