Skip to content
New Zealand
Macro trends · RBNZ M10 · quarterly series

New Zealand property macro trends

The macro layer behind New Zealand suburb decisions. House price index, sales volume, housing stock value, and residential investment — Reserve Bank of New Zealand quarterly series with multi-year reference points.

Questions to ask the cycle

Three pairings, three readings.

Reference points

Four metrics, multi-year context.

HPI · index
3389
Latest · 2025 Q4
1y3414-0.7%
3y3484-2.7%
5y3081+10.0%
10y2060+64.5%
House sales · qtr
24.3K
Latest · 2025 Q4
1y24.2K+0.5%
3y16.6K+46.5%
5y38.1K-36.2%
10y29.2K-16.8%
Dwelling stock · $M
$1656.8B
Latest · 2025 Q4
1y$1637.0B+1.2%
3y$1608.4B+3.0%
5y$1385.7B+19.6%
10y$873.2B+89.7%
Residential invest · $M
$3.2KM
Latest · 2026 Q1
1y$3.3KM-4.0%
3y$3.9KM-18.2%
5y$4.4KM-27.2%
10y$3.8KM-16.0%
FAQ

Four questions about New Zealand market trends.

  1. What does the New Zealand market trends page show?

    The page shows long-run macro context for New Zealand property research using Reserve Bank of New Zealand M10 quarterly series: house price index, house sales count, total housing stock value, and residential investment.

  2. Why should I check market trends before trusting a suburb story?

    Suburb signals can look strong in isolation. Market trends help you check whether the broader cycle is supporting or weakening the local thesis before you commit to a deeper read.

  3. How recent is the data?

    The RBNZ M10 series are quarterly and the page surfaces the latest published point alongside 1-year, 3-year, 5-year, and 10-year reference points where the history is long enough.

  4. Where does the New Zealand market trends data come from?

    All four series are sourced from the Reserve Bank of New Zealand statistical release M10 (housing data), processed quarterly into the QuickProperty research dataset.