House prices in New Zealand grew markedly in July from a year ago, driven by lower interest rates, figures from Quotable Value, QV, showed Tuesday.
The QV Residential Price Movement Index climbed 14.1 percent year-over-year in July.
Values rose by 6.1 percent over the past three months and are now 45.4 percent above the previous market peak of late 2007, the agency said.
After adjusting for inflation, nationwide house prices rose 13.7 percent annually in May and remained above the 2007 peak.
In Auckland, property prices surged 16.0 percent on year and 5.2 percent over the past three months.
"It's too soon to tell what impact the Reserve Bank's new 40.0 percent deposit requirement for anyone purchasing a property they do not intend to live in, will have on the market," QV National Spokesperson Andrea Rush, said.
"However there are reports the new rules have already led to some offers being withdrawn by investors in parts of the country."
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.