{"id":234991,"date":"2025-10-23T18:10:07","date_gmt":"2025-10-23T18:10:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/234991\/"},"modified":"2025-10-23T18:10:07","modified_gmt":"2025-10-23T18:10:07","slug":"nz-housing-market-steady-as-sales-edge-higher","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/234991\/","title":{"rendered":"NZ housing market steady as sales edge higher"},"content":{"rendered":"<p>2026 outlook improving amid easing inflation, lower costs, and rate cuts<\/p>\n<p>Davidson said market fundamentals are gradually improving, with affordability lifting, fewer listings, and interest rates trending down as existing borrowers reprice onto lower market rates.<\/p>\n<p>\u201cWith affordability improving slightly, listings lower than last year, more existing borrowers repricing loans down to market interest rates, and the unemployment rate set to drop next year, 2026 may look stronger for both property sales volumes and values,\u201d he said.<\/p>\n<p><a href=\"https:\/\/www.mpamag.com\/nz\/news\/general\/construction-costs-flatten-as-housing-sentiment-lifts-on-lvr-easing\/553242\" target=\"_blank\" rel=\"nofollow noopener\">Adding to the stability, residential construction cost growth has slowed sharply, with the Cordell Construction Cost Index showing just a 0.4% rise in the September quarter \u2014 the smallest increase since 2020. Davidson said, \u201cmaterials are better supplied, wage growth has steadied, and we\u2019re seeing more predictability in project pricing,\u201d helping restore confidence for builders, homeowners, and lenders alike.<\/a><\/p>\n<p>Key data from Cotality\u2019s October 2025 Housing Chart Pack<\/p>\n<p>&#13;<br \/>\n\tNZ\u2019s housing stock value: $1.65 trillion.&#13;<br \/>\n\tCotality Home Value Index: +0.1% in September, \u22120.7% over the quarter.&#13;<br \/>\n\tSales volumes: 88,731 over the 12 months to September.&#13;<br \/>\n\tActive listings: 27,565 in early October \u2013 still elevated but down year-on-year.&#13;<br \/>\n\tGross rental yields: 3.8% \u2013 the highest since mid-2016.&#13;<br \/>\n\tInflation: Back within the 1-3% target band; the RBNZ continues its easing cycle.&#13;<br \/>\n\tBuyer classification: First-home buyers record 28% of national purchases; investors regain 24.6% \u2013 the highest since early 2021.&#13;<br \/>\n\tRegional highlight: In wider Wellington, first-home buyers made up 36% of purchases in the September quarter \u2013 the highest share among major centres.&#13;<\/p>\n<p>Market stabilisation continues despite limited stimulus<\/p>\n<p>For mortgage advisers, the message from Cotality\u2019s latest report is clear: the market remains balanced and resilient. While RBNZ\u2019s LVR easing and slower construction cost growth may provide a mild lift for confidence and affordability, tight DTI limits, subdued investor yields, and elevated borrowing costs will keep overall momentum contained. Broader growth drivers \u2013 interest-rate easing, labour market recovery, and construction stability \u2013 are expected to shape the next meaningful upswing in 2026.<\/p>\n<p><a href=\"https:\/\/www.cotality.com\/nz\/insights\/articles\/looser-lvrs-may-not-boost-steady-property-market-in-the-short-term\" target=\"_blank\" rel=\"nofollow noopener\">Access the full Cotality report here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"2026 outlook improving amid easing inflation, lower costs, and rate cuts Davidson said market fundamentals are gradually improving,&hellip;\n","protected":false},"author":2,"featured_media":234992,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[45,49,48,62276,4520,111250,100],"class_list":["post-234991","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-ca","tag-canada","tag-cotality","tag-housing","tag-lvr","tag-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/234991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=234991"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/234991\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/234992"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=234991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=234991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=234991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}