Buyers Watch for Positive Signs to Spark a 2026 Property Revival

As 2026 begins, buyers are watching for economic confidence to return. With interest rates lower and demand building, early movers may benefit from the next phase of the NZ property market.

A Steady Market Sets the Scene for 2026

As we move into 2026, New Zealanders can reflect on a property market that remained resilient despite a delayed recovery. While nine interest rate cuts failed to trigger a strong rebound in 2025, property values largely held steady, laying important groundwork for the year ahead.

According to the latest OneRoof property survey, 2025 produced clear winners and losers—but there’s no reason for pessimism. The most recent 0.25% cut to the Official Cash Rate, bringing it down to 2.25%, is expected to improve access to credit and encourage buyers to re-enter the market.

Economic Confidence Will Be the Key Catalyst

While borrowing conditions have improved, a sustained market recovery will depend on clear signs of economic strength. Once employment confidence and economic momentum return, buyer sentiment is expected to follow.

In the meantime, pent-up demand continues to build. Many Kiwis want to purchase their first home, upgrade, or invest—but remain cautious due to broader economic uncertainty.

For those with the financial capability and confidence to act now, early entry into the market may prove to be a smart long-term decision.

Who’s Buying Now?

Certain buyer groups are already moving decisively:

• First-home buyers now account for around one-third of all purchases, recognising today’s relative affordability
• Upsizers are aware that the price gap between their current home and their next one is unlikely to narrow

Once the market regains momentum, that gap could widen significantly—potentially costing hesitant upsizers tens of thousands of dollars.

Regional Standouts and Suburb-Level Winners

The OneRoof survey highlights strong regional performances over the past 12 months, led by the South Island:

• Southland: +4.6%
• West Coast: +3.2%
• Otago: +2.6%
• Queenstown-Lakes: +4%
• Christchurch: +2.8%

At a suburb level, standout performers included:

• Moana: +14%
• Omaha: +12.7%
• Waiheke Island: +11.1%
• Ahuriri: +11%

Of the 928 suburbs analysed, 489 recorded annual value growth, with 57 suburbs rising by 5% or more, showing that gains are becoming more widespread.

Auckland and Wellington Still Finding Their Feet

In contrast, Auckland and Wellington continued to face headwinds in 2025—partly due to the sharp value growth experienced during the post-Covid boom.

Wellington’s values fell 3.6% over 2025, with the median price now sitting at $938,000, marking the capital’s lowest average value since early 2020.

Thinking of Selling? Local Insight Matters

If you’re considering selling in 2026, speaking with a local real estate agent is essential. While national surveys provide valuable context, local pricing trends and buyer demand vary significantly by suburb.

A professional appraisal provides clarity on what your property is likely to achieve in the current market.

What Goes Into a Property Appraisal?

A comprehensive appraisal typically includes:

General Assessment

Evaluation of land size, floor area, number of bedrooms and bathrooms, layout, condition, and age of the home.

Location

A critical driver of value, including outlook, street appeal, neighbourhood quality, and proximity to schools, shops, transport, parks, and amenities.

Comparable Sales (CMA)

An evidence-based Comparative Market Analysis, using recent (typically within six months) sales of similar properties to establish a realistic price range.

Market Conditions

Assessment of supply and demand, interest rates, employment outlook, and buyer behaviour in your local area.

The Overall Picture

You’ll receive a clear pricing guide, along with advice on the most effective marketing strategy to maximise your property’s value.

The Bottom Line

While a full recovery hasn’t yet arrived, the foundations are forming. With interest rates lower, demand quietly building, and strong regional performances emerging, 2026 is shaping up as a year of renewed opportunity for buyers and sellers alike.

If you’re unsure where your property or plans fit into the current market, local advice remains your strongest asset.