{"id":289035,"date":"2026-02-18T00:04:19","date_gmt":"2026-02-18T00:04:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/289035\/"},"modified":"2026-02-18T00:04:19","modified_gmt":"2026-02-18T00:04:19","slug":"housing-market-made-a-subdued-start-to-2026-cotality-says","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/289035\/","title":{"rendered":"Housing market made a subdued start to 2026, Cotality says"},"content":{"rendered":"

\nHousing market started the year in ‘subdued fashion’ as rental market undergoes a ‘reset’, says Cotality\n<\/p>\n

The housing market ignored normally positive influences such as improved affordability, lower mortgage rates and a gradually strengthening economy, starting 2026 in a “subdued fashion,” according to property data company Cotality.<\/p>\n

“National median values fell a modest 0.3% over the three months to January, taking values to 17.5% below the 2022 peak,” Cotality said in its latest Housing Chart Pack report.<\/p>\n

“Auckland and Wellington continued to underperform, while markets such as Dunedin and Invercargill were more resilient in January,” the report said.<\/p>\n

Cotality NZ Chief Property Economist Kelvin Davidson said the flat performance in property values may disappoint some vendors, but it offered improved opportunities for buyers.<\/p>\n

Property sales volumes were also softer in January, with sales transacted both privately and through real estate agents down 10.7% compared to January last year.<\/p>\n

The rental property market was also undergoing a downward reset.<\/p>\n

“The rental market has softened as net migration has fallen sharply and the number of properties available to rent remains elevated,” Cotality said in its commentary.<\/p>\n

“With rents already stretched relative to incomes and wage growth easing, there is limited scope for further increases and the recent falls [in rents], while rare, reflect a reset after a period of very strong growth,” Davidson said.\u00a0<\/p>\n

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