National property values dropped 0.2% in June, leaving prices 17.5% below the peak.
Home / New ZealandRNZ1 Jul, 2026 07:02 PM5 mins to readOver three months, values were down 0.8% by June. Photo / 123rfOver three months, values were down 0.8% by June. Photo / 123rfBy Susan Edmunds of RNZHouse prices have fallen again – but have we reached the bottom?
New Cotality data shows that national property values fell 0.2% in June, which chief property economist Kelvin Davidson said was probably related to uncertainty around the Middle East conflict,
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House prices have fallen again - but have we reached the bottom?
The average home value is $808,187, according to Cotality - down 0.6 percent from a year earlier and 17 percent from the 2022…
Plus, the region with the largest post-peak drop of any territorial authority in the country, and its not Wellington City.
Prices have dropped by up to 30% in some parts of the country – but experts say obstacles to home ownership remain
ANALYSIS: Liam Dann takes a deeper dive into the week's economic news.
Aucklanders suffered a $209.9b valuation drop. Wellingtonians suffered a $61b value drop.
