CoreLogic: House prices upswing building

4th April 2025 By Staff Reporter | news@propertyticker.co.nz | @propertyticker

Property values in Aotearoa New Zealand rose by +0.5% in March 2025, after a +0.4% lift in February, and a flat result for January, according to CoreLogic.

March’s rise on the CoreLogic hedonic Home Value Index was the strongest since January last year, with property values now sitting at $812,195, the highest since June 2024. 

“The falls in mortgage rates since around July or August last year were always going to take a little bit of time to flow through to house prices, given the weak economic environment and subdued household confidence,” CoreLogic New Zealand chief property economist Kelvin Davidson said.

“But the lags have now worked their way through the system and, with signs becoming clearer that the economy has started to turn a corner, confidence is returning to the property market.”