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Christchurch property prices on record: return to high?
Find out everything about the current property prices in New Zealand in June 2025, trends and regional differences.
Christchurch property prices on record: return to high?
Current developments in the New Zealand property market are showing interesting trends, particularly in Christchurch, where house prices are close to pre-Covid levels. Loud Oneroof Prices there are currently just NZD 4,000 below the peak of NZD 802,000 in June 2022. In the last three months to the end of May, average property values in Christchurch rose by 1.4%.
However, developments in other cities differ considerably. In Auckland, house prices are not expected to return to post-Covid highs until the end of 2028, while in Wellington a return date of 2031 is estimated. In contrast, South Island markets, particularly in Queenstown-Lakes, are experiencing stronger growth rates than North Island markets.
Price trends in New Zealand
Most notably, both Otago and Queenstown-Lakes have completely overcome the setbacks, recording growth of around 2% in the last three months. At the other end of the spectrum are the North Island markets, where Auckland suffered a 0.2% decline while Hamilton rose 0.4%. Tauranga and Wellington, on the other hand, experienced a decline of 0.7% and are struggling with various challenges.
Results in different regions
- Auckland: Durchschnittlicher Immobilienwert von 1,3 Millionen NZD, 17,7% unter dem Höchststand von 1,579 Millionen NZD aus Januar 2022.
- Christchurch: Wuchs um fast 8% seit dem Tiefpunkt von 739.000 NZD im Mai 2023.
- Dunedin: Aktueller Wert von 674.000 NZD, 11% unter dem Peak.
- Hamilton: Durchschnittswert bei 822.000 NZD, 12,9% unter dem Höchststand.
- Tauranga: Momentaner Wert von 1,07 Millionen NZD, 15,5% unter dem Peak.
- Wellington: Aktueller Wert von 956.000 NZD, 28,6% unter dem Höchststand.
Market conditions differ significantly between regions. In Wellington, for example, public budget cuts and high local taxes pose challenges to growth, while in Auckland a decline in net immigration and high house prices are weighing on the economy. These factors are contributing to the slow recovery of property prices.
However, the low interest rates, which particularly benefit first-time buyers, have a positive impact on the current market situation. This buyer group currently represents the majority of buyers and has access to a wide range of available properties. Loud Opes Partners The Canterbury region saw its median selling price rise to NZD697,000, showing an increase of 4.03% or NZD27,000.
Overall, the outlook for the property market in New Zealand is mixed. While some regions such as Christchurch and Queenstown-Lakes are thriving, others are struggling with long-term challenges and slow price recovery. The coming years will be crucial to see how these markets perform and whether they can get closer to post-Covid highs.