Why Now’s a Smart Time to Upsize: A Buyer’s Market Brings Opportunity

The New Zealand property market shift is creating ideal conditions for upsizers. Discover how to make the most of today’s buyer-friendly environment with expert tips.

A Window of Opportunity for Savvy Upsizers

New Zealand’s property market is beginning to favour buyers again, bringing new opportunities for homeowners looking to upsize. After a long stretch of strong seller dominance, rising stock levels and falling interest rates are tipping the balance – and it’s great news for those ready to move up the property ladder.

The recent 0.25% cut in the Official Cash Rate (OCR), now sitting at 3.25% down from 5.25% last August, is offering welcome breathing space. This interest rate drop enhances affordability for those upgrading to a bigger or better-located home.

The Myth About Buyer’s Markets and Sellers

A common misconception is that a buyer’s market disadvantages property owners. But that’s not entirely accurate—especially if you’re planning to buy again.

Why? Because most sellers are also buyers. For those upgrading, any drop in the value of your current home is likely to be offset—and often surpassed—by the savings you can make on your next purchase.

In essence, while your selling price may be slightly lower, you’ll likely secure your dream home at a more attractive price, creating a net gain overall.

Market Conditions in 2025: What’s Changed?

Home listings have surged significantly since the post-Covid period. Back in April 2021, around 15,800 homes were on the market across New Zealand. Fast forward to 2025, and that number has more than doubled—currently sitting between 36,000 and 44,000 listings, depending on the source.

This increase in inventory is putting downward pressure on property prices. According to Realestate.co.nz, the national average asking price in April dropped to $851,746—a 3.8% decline from February’s $884,995. With more homes to choose from, buyers are in a stronger negotiating position.

Top 6 Tips for Selling Your Home in a Buyer-Friendly Market

If you’re looking to sell before upsizing, here’s how to position your home for success:

1. First Impressions Count

Presentation is everything. Fresh paint, tidy gardens, and professional home staging can elevate your home’s appeal and set it apart in a crowded market.

2. Handle Repairs Proactively

Fix minor issues before listing. Buyers are cautious, and even small problems can derail a sale or lead to aggressive price negotiations.

3. Add Value with Simple Updates

Replacing outdated light fixtures or switches and refreshing your landscaping can make a big impact. These small enhancements show buyers your home is move-in ready.

4. Price with Precision

Accurate pricing is critical. Overpricing can turn buyers away quickly. Work with your agent to assess recent comparable sales and target the right buyer segments.

5. Highlight Your Unique Selling Points

Does your home have energy-efficient features, a great location near schools or shops, or recent upgrades? Make sure these are front and centre in your marketing.

6. Be Patient and Flexible

Today’s buyers have options—and time. Be ready to accommodate viewings and stay open-minded. Creating interest from multiple parties can lead to faster, more competitive offers.

Ready to Upsize? Now Might Be the Perfect Time

While the market has softened for sellers, this shift creates an ideal environment for homeowners looking to level up. With more listings, lower interest rates, and flexible buyers, upsizing in 2025 may be more achievable than you think.

If you’re ready to explore your options, connect with a local property expert who can help you navigate the current climate and secure your next dream home.