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16 Feb 2025 12:26
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  •   Home > News > Business

    There's a cautiously optimistic outlook for the 2025 housing market, after an underwhelming year

    There's a cautiously optimistic outlook for the 2025 housing market, after an underwhelming year


    CoreLogic's 2024 review finds national property values have declined five percent since February.

    Auckland's Herne Bay has retained its position as the country's most expensive suburb, with an average value of 3.36 million dollars.

    Chief property economist Kelvin Davidson says with inflation now under control and mortgage rates falling, the market should see property values and sales increase.

    He says the lower interest rates benefit both investors and first home buyers.

    © 2025 Newstalk ZB, NZCity

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