WATCH: Perspectives Property Report June 2025

I’m Mark Harris, and welcome to the June edition of Perspectives.

As we reach the midpoint of 2025, the housing market across New Zealand is steadily building. The recent Official Cash Rate cut was widely anticipated and lays the foundation for the market to continue growing as we move towards the second half of the year when there is another drop widely anticipated. 

Looking at recent data:

April’s REINZ results showed house prices nudging higher for a sixth consecutive month. 

• Nationally, the median house price is steady at $781,000
• The ANZ predicts house price growth of 4.5% over the year. 

In terms of activity, sales volumes nationally are up 9.5% year-on-year, with Auckland sales steadily catching up to the rest of the country at 6% growth year on year. Although month-on-month sales fluctuate with seasonal patterns, the overall trend remains active and steady.

Buyer mindset is positive but cautious, reflecting the wider economy…. transactions are flowing and I believe it remains a great time to buy with plenty of choice on offer. 

Turning to the 2025 Budget, there are a few notable initiatives for the housing market. The government has allocated $128 million to support social and affordable housing, a welcome effort to help ease supply constraints and assist first-home buyers.

Additionally, tax reforms are encouraging foreign investment in domestic infrastructure projects, and the recently adjusted Active Investor immigration settings has led to a substantial increase in High net worth residency applications. 

Looking ahead, we are expecting the New Zealand housing market to continue its gradual recovery throughout 2025 and 2026. As excess housing supply slowly diminishes and interest rates remain relatively low, we anticipate a steadier rise in prices, particularly in the latter half of the year.

Ongoing economic uncertainty globally and cautious consumer sentiment mean growth will likely remain measured rather than rapid. The balance between improving demand and consistent supply will be key to maintaining market stability, making this a year of steady progress rather than sharp shifts.

Let’s explore some exciting properties.

For sale, there’s a remarkable residence at 40 Fernando Drive, Tamahere, Hamilton, a beautifully crafted home set on expansive grounds, offering both elegance and a tranquil lifestyle in one of the region’s most desirable locations.

Here in Queenstown, where we’re filming today, 208 Lower Shotover Road, Dalefield, presents a fantastic opportunity in one of the areas best locations. This contemporary architectural home is perfectly positioned to capture stunning alpine views, blending luxury living with the natural beauty of the region.

Two standout properties recently sold were the result of well directed marketing campaigns: 4 Sentinel Road, an Edwardian home positioned on the coveted northern slopes of Herne Bay, and 81 Arney Road in Remuera, a graceful family sanctuary known for its impeccable design and prime location.

Finally, I’m proud to share that New Zealand Sotheby’s International Realty has received two International Property Awards:

Best Property Agency/Consultancy for New Zealand and Real Estate Agency Over 20 Offices for New Zealand.  These awards celebrate the shared dedication to excellence and effort of our entire team.

Thanks for joining me, we’ll see you next time.