New Zealand House Prices Growth

1990 - 2023 | Quarterly | % | CEIC Data

Key information about House Prices Growth

  • New Zealand house prices dropped 9.1% YoY in Jun 2023, following a decrease of 12.1% YoY in the previous quarter.
  • YoY growth data is updated quarterly, available from Dec 1990 to Jun 2023, with an average growth rate of 5.9%.
  • House price data reached an all-time high of 30.5% in Sep 2021 and a record low of -12.1% in Mar 2023.

CEIC calculates House Prices Growth from quarterly House Price Index. The Reserve Bank of New Zealand provides House Price Index, calculated from Reserve Bank of New Zealand estimates, with base December 2003=1000.

View New Zealand's House Prices Growth from Dec 1990 to Jun 2023 in the chart:

New Zealand House Prices Growth

What was New Zealand's House Prices Growth in Jun 2023?

New Zealand house prices dropped 9.1% YoY in Jun 2023, following a decrease of 12.1% YoY in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
-9.1 Jun 2023 -12.1 Mar 2023 -12.1 Mar 2023 30.5 Sep 2021 % quarterly Dec 1990 - Jun 2023

House Prices Growth by Country Comparison

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Includes House Prices Growth on 68 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Australia (%) -0.9 Jun 2023 quarterly Sep 2004 - Jun 2023
Austria (%) -4.0 Sep 2023 quarterly Sep 1987 - Sep 2023
Belarus (%) -2.5 Dec 2021 quarterly Mar 2010 - Dec 2021
Belgium (%) 0.3 Sep 2023 quarterly Mar 1974 - Sep 2023
Bosnia and Herzegovina (%) 17.0 2022 yearly 2009 - 2022
Brazil (%) 5.2 Jan 2024 monthly Jan 2009 - Jan 2024
Brunei (%) 2.0 Sep 2023 quarterly Mar 2016 - Sep 2023
Bulgaria (%) 9.2 Sep 2023 quarterly Mar 2006 - Sep 2023
Canada (%) -0.7 Jan 2024 monthly Jan 1982 - Jan 2024
Chile (%) -2.2 Sep 2023 monthly Jan 2004 - Sep 2023
China (%) 6.7 Dec 2023 monthly Mar 1999 - Dec 2023
Colombia (%) 12.4 Dec 2023 quarterly Mar 1998 - Dec 2023
Croatia (%) 20.1 Dec 2022 semiannually Jun 1996 - Dec 2022
Cyprus (%) 7.6 Sep 2023 quarterly Mar 2007 - Sep 2023
Czech Republic (%) 1.0 Mar 2023 quarterly Mar 2006 - Mar 2023
Denmark (%) 12.3 Jan 2022 monthly Jan 2007 - Jan 2022
Estonia (%) -2.2 Mar 2024 quarterly Sep 2004 - Mar 2024
European Union (%) -1.0 Sep 2023 quarterly Mar 2006 - Sep 2023
Finland (%) 2.0 Dec 2017 quarterly Mar 2011 - Dec 2017
France (%) -1.5 Sep 2023 quarterly Mar 2001 - Sep 2023
Georgia (%) 7.8 Jun 2021 monthly May 2016 - Jun 2021
Germany (%) -10.2 Sep 2023 quarterly Mar 2001 - Sep 2023
Greece (%) 12.1 Sep 2023 quarterly Mar 2000 - Sep 2023
Hong Kong SAR, China (%) -6.8 Dec 2023 monthly Jan 1994 - Dec 2023
Hungary (%) 1.5 Sep 2023 quarterly Mar 2008 - Sep 2023
Iceland (%) 5.4 Feb 2024 monthly Mar 2001 - Feb 2024
India (%) 2.7 Jun 2023 quarterly Mar 2011 - Jun 2023
Indonesia (%) 1.7 Dec 2023 quarterly Mar 2003 - Dec 2023
Ireland (%) 4.4 Dec 2023 monthly Jan 2006 - Dec 2023
Israel (%) -1.4 Nov 2023 monthly Jan 1995 - Nov 2023
Italy (%) 1.8 Sep 2023 quarterly Mar 2011 - Sep 2023
Japan (%) 1.3 Nov 2023 monthly Apr 2009 - Nov 2023
Kazakhstan (%) -4.2 Jan 2024 monthly Nov 2013 - Jan 2024
South Korea (%) -2.8 Feb 2024 monthly Jan 1987 - Feb 2024
Latvia (%) 17.3 Mar 2022 quarterly Mar 2007 - Mar 2022
Lithuania (%) 13.1 Mar 2023 quarterly Mar 2007 - Mar 2023
Luxembourg (%) -13.6 Sep 2023 quarterly Mar 2008 - Sep 2023
North Macedonia (%) 2.1 Dec 2019 semiannually Jun 2004 - Dec 2019
Malaysia (%) 0.1 Sep 2023 quarterly Mar 2000 - Sep 2023
Malta (%) 7.5 Dec 2023 quarterly Mar 2001 - Dec 2023
Mexico (%) 10.0 Dec 2023 quarterly Mar 2006 - Dec 2023
Mongolia (%) 1.3 Sep 2021 quarterly Dec 2008 - Sep 2021
Montenegro (%) 24.6 Sep 2023 quarterly Mar 2012 - Sep 2023
Morocco (%) 0.1 Jun 2023 quarterly Mar 2007 - Jun 2023
Netherlands (%) 1.6 Dec 2023 monthly Jan 1996 - Dec 2023
New Zealand (%) -9.1 Jun 2023 quarterly Dec 1990 - Jun 2023
Norway (%) -0.7 Dec 2023 quarterly Mar 1993 - Dec 2023
Palestinian Territory (%) 1.4 Jun 2023 quarterly Mar 2019 - Jun 2023
Peru (%) 7.0 Dec 2021 quarterly Dec 2008 - Dec 2021
Philippines (%) 12.9 Sep 2023 quarterly Mar 2015 - Sep 2023
Poland (%) 11.2 Dec 2023 quarterly Sep 2007 - Dec 2023
Portugal (%) 7.6 Sep 2023 quarterly Mar 2010 - Sep 2023
Romania (%) 7.0 Sep 2022 quarterly Mar 2010 - Sep 2022
Russia (%) 11.8 Dec 2022 quarterly Mar 2006 - Dec 2022
Serbia (%) 6.5 Jun 2023 semiannually Jun 1995 - Jun 2023
Singapore (%) 6.8 Dec 2023 quarterly Mar 1976 - Dec 2023
Slovakia (%) -8.6 Dec 2023 quarterly Mar 2006 - Dec 2023
Slovenia (%) 5.7 Sep 2023 quarterly Mar 2008 - Sep 2023
South Africa (%) 7.3 Nov 2016 monthly Jan 1967 - Nov 2016
Spain (%) 3.7 Dec 2023 monthly Jan 2002 - Dec 2023
Sweden (%) -6.3 Dec 2023 quarterly Mar 1987 - Dec 2023
Switzerland (%) 0.1 Dec 2023 quarterly Mar 1971 - Dec 2023
Taiwan (%) 8.0 Dec 2023 quarterly Mar 2002 - Dec 2023
Thailand (%) 8.5 Sep 2021 monthly Mar 2009 - Sep 2021
Turkey (%) 75.5 Dec 2023 monthly Jan 2011 - Dec 2023
Ukraine (%) 17.0 Dec 2023 quarterly Mar 2017 - Dec 2023
United Kingdom (%) 1.2 Feb 2024 monthly Jan 1992 - Feb 2024
United States (%) 6.4 Dec 2023 quarterly Mar 1992 - Dec 2023

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New Zealand Key Series

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Includes 256 key indicators for New Zealand, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -0.6 Sep 2023 quarterly Dec 1999 - Sep 2023
Consolidated Fiscal Balance (USD mn) -114.714 Dec 2023 quarterly Mar 1999 - Dec 2023
Tax Revenue (USD mn) 78,682.575 2023 yearly 1999 - 2023
Tax Revenue: % of GDP (%) 31.5 2022 yearly 1999 - 2022
National Government Debt (USD mn) 99,408.0 Dec 2023 quarterly Dec 2006 - Dec 2023
Government Debt: % of GDP (%) 37.4 Sep 2023 quarterly Dec 2006 - Sep 2023
Forecast: Government Expenditure (NZD bn) 198.754 2028 yearly 1985 - 2028
Forecast: Government Net Debt (NZD bn) 240.233 2028 yearly 1985 - 2028
Forecast: Government Revenue (NZD bn) 198.840 2028 yearly 1985 - 2028
General Government: ytd: Expenses (NZD mn) 84,661.000 Dec 2023 quarterly Mar 1999 - Dec 2023
General Government: ytd: Revenue (NZD mn) 82,119.000 Dec 2023 quarterly Mar 1999 - Dec 2023
General Government: ytd: Borrowings (NZD mn) 248,109.000 Dec 2023 quarterly Jun 2002 - Dec 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.748 2028 yearly 1980 - 2028
Trade Balance (USD mn) -602.2 Jan 2024 monthly Jan 1960 - Jan 2024
Total Exports (USD mn) 3,042.4 Jan 2024 monthly Jan 1957 - Jan 2024
Total Exports Growth (%) -7.1 Jan 2024 monthly Jan 1952 - Jan 2024
Aluminum: Exports (USD th) 899,348.562 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 148,665.511 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 256,958.049 2022 yearly 1995 - 2022
Total Imports (USD mn) 3,644.6 Jan 2024 monthly Jan 1960 - Jan 2024
Total Imports Growth (%) -20.2 Jan 2024 monthly Jan 1961 - Jan 2024
Imports: Medicament (USD th) 974,970.031 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 727,040.199 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 321.058 Jan 2024 monthly Jul 1981 - Jan 2024
Total Imports from USA (USD mn) 317.271 Jan 2024 monthly Jan 1981 - Jan 2024
Total Exports to China (USD mn) 995.067 Jan 2024 monthly Jul 1981 - Jan 2024
Total Imports from China (USD mn) 866.706 Jan 2024 monthly Jul 1982 - Jan 2024
Term Trade Index (Jun2002=1000) 1,300.000 Dec 2023 quarterly Mar 1957 - Dec 2023
Exports: fob: SITC: Mineral Fuels (NZD mn) 36.411 Jan 2024 monthly Jan 2002 - Jan 2024
Exports: fob: SITC: Crude Materials (NZD mn) 463.413 Jan 2024 monthly Jan 2002 - Jan 2024
Exports: fob: SITC: Manufacturing: Goods (NZD mn) 220.476 Jan 2024 monthly Jan 2002 - Jan 2024
Exports: fob: SITC: Food & Live Animals (NZD mn) 3,155.745 Jan 2024 monthly Jan 2002 - Jan 2024
Exports: fob: SITC: Manufacturing: Machinery & Transport Equipment (NZD mn) 281.819 Jan 2024 monthly Jan 2002 - Jan 2024
Exports: fob: Australia (NZD mn) 547.372 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: fob: United States (NZD mn) 520.522 Jan 2024 monthly Jul 1981 - Jan 2024
Exports: fob: Japan (NZD mn) 202.120 Jan 2024 monthly Jul 1981 - Jan 2024
Exports: fob: China (NZD mn) 1,459.079 Jan 2024 monthly Jul 1981 - Jan 2024
Exports: fob: United Kingdom (NZD mn) 93.827 Jan 2024 monthly Jul 1981 - Jan 2024
Exports: fob: Australia: sa (NZD mn) 656.972 Jan 2024 monthly Jul 1981 - Jan 2024
Exports: fob: China: sa (NZD mn) 1,613.274 Jan 2024 monthly Jul 1981 - Jan 2024
Import Volume Index: sa (Jun2002=1000) 2,434.000 Dec 2023 quarterly Jun 1990 - Dec 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 64.1 Sep 2023 quarterly Jun 2000 - Sep 2023
Current Account Balance (USD mn) -5,231.7 Mar 2023 quarterly Jun 1971 - Mar 2023
Current Account Balance: % of GDP (%) -7.1 Sep 2023 quarterly Jun 1987 - Sep 2023
Foreign Direct Investment (USD mn) 877.3 Sep 2023 quarterly Jun 2000 - Sep 2023
Foreign Direct Investment: % of GDP (%) 1.5 Sep 2023 quarterly Jun 2000 - Sep 2023
Foreign Portfolio Investment (USD mn) 3,799.570 Sep 2023 quarterly Jun 1995 - Sep 2023
Foreign Portfolio Investment: % of GDP (%) 6.3 Sep 2023 quarterly Jun 1995 - Sep 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 199.1 Sep 2023 quarterly Jun 2000 - Sep 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 3,600.516 Sep 2023 quarterly Jun 1995 - Sep 2023
External Debt (USD mn) 204,491.3 Sep 2023 quarterly Mar 1993 - Sep 2023
External Debt: % of GDP (%) 85.0 2022 yearly 1993 - 2022
External Debt: Short Term (USD mn) 70,529.5 Sep 2023 quarterly Jun 2000 - Sep 2023
External Debt: Short Term: % of GDP (%) 29.5 2022 yearly 2000 - 2022
Total Debt: % of GDP (%) 621.0 2021 yearly 2006 - 2021
Forecast: Current Account Balance (USD bn) -12.495 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -115,413.522 Sep 2023 quarterly Jun 2000 - Sep 2023
Balance of Payment: Current Account: Goods (NZD mn) -5,856.000 Sep 2023 quarterly Jun 1971 - Sep 2023
Balance of Payment: Financial Account: Assets (NZD mn) 988.000 Sep 2023 quarterly Jun 2000 - Sep 2023
Balance of Payment: Net Errors and Omissions (NZD mn) 10,001.000 Sep 2023 quarterly Jun 2000 - Sep 2023
Balance of Payment: Financial Account: Liabilities (NZD mn) 2,608.000 Sep 2023 quarterly Jun 2000 - Sep 2023
Balance of Payment: Current Account: Services: Debit (NZD mn) 7,874.000 Sep 2023 quarterly Jun 1971 - Sep 2023
Balance of Payment: Financial Account (NZD mn) 1,621.000 Sep 2023 quarterly Jun 2000 - Sep 2023
Balance of Payment: Financial Account: Assets: Portfolio Investment (NZD mn) -2,994.000 Sep 2023 quarterly Jun 2000 - Sep 2023
Balance of Payment: Financial Account: Assets: Financial Derivatives (NZD mn) -1,755.000 Sep 2023 quarterly Jun 2000 - Sep 2023
Balance of Payment: Current Account: Services: Credit (NZD mn) 5,853.000 Sep 2023 quarterly Jun 1971 - Sep 2023
Balance of Payment: Current Account (NZD mn) -11,465.000 Sep 2023 quarterly Jun 1971 - Sep 2023
Balance of Payment: Financial Account: Liabilities: Direct Investment (NZD mn) 1,450.000 Sep 2023 quarterly Jun 2000 - Sep 2023
Balance of Payment: Financial Account: Assets: Direct Investment (NZD mn) 106.000 Sep 2023 quarterly Jun 2000 - Sep 2023
Balance of Payment: Current Account: Goods: Credit (NZD mn) 15,281.000 Sep 2023 quarterly Jun 1971 - Sep 2023
Balance of Payment: Capital Account: Debit (NZD mn) 170.000 Sep 2023 quarterly Mar 1997 - Sep 2023
Balance of Payment: Current Account: Primary Income: Debit (NZD mn) 6,717.000 Sep 2023 quarterly Jun 1971 - Sep 2023
Balance of Payment: Financial Account: Liabilities: Portfolio Investment (NZD mn) 6,280.000 Sep 2023 quarterly Jun 2000 - Sep 2023
Balance of Payment: Financial Account: Assets: Other Investment (NZD mn) -1,359.000 Sep 2023 quarterly Jun 2000 - Sep 2023
Balance of Payment: Capital Account: Credit (NZD mn) 13.000 Sep 2023 quarterly Jun 1996 - Sep 2023
Balance of Payment: Financial Account: Liabilities: Other Investment (NZD mn) -3,020.000 Sep 2023 quarterly Jun 2000 - Sep 2023
Balance of Payment: Current Account: Goods: Debit (NZD mn) 21,137.000 Sep 2023 quarterly Jun 1971 - Sep 2023
Balance of Payment: Current Account: Primary Income (NZD mn) -3,431.000 Sep 2023 quarterly Jun 1971 - Sep 2023
Balance of Payment: Current Account: Services (NZD mn) -2,021.000 Sep 2023 quarterly Jun 1971 - Sep 2023
Balance of Payment: Capital Account (NZD mn) -157.000 Sep 2023 quarterly Jun 1996 - Sep 2023
Balance of Payment: Financial Account: Assets: Reserve Assets (NZD mn) 6,990.000 Sep 2023 quarterly Jun 2000 - Sep 2023
Balance of Payment: Financial Account: Liabilities: Financial Derivatives (NZD mn) -2,102.000 Sep 2023 quarterly Jun 2000 - Sep 2023
Balance of Payment: Current Account: Primary Income: Credit (NZD mn) 3,286.000 Sep 2023 quarterly Jun 1971 - Sep 2023
BOP: Current Account: Goods & Services (NZD mn) -7,877.000 Sep 2023 quarterly Jun 1971 - Sep 2023
Balance of Payment: Current Account: sa: GS: Services: Debit (NZD mn) 7,503.000 Sep 2023 quarterly Jun 1971 - Sep 2023
Balance of Payment: Current Account: sa (NZD mn) -7,354.000 Sep 2023 quarterly Jun 1971 - Sep 2023
Balance of Payment: Current Account: sa: GS: Goods (NZD mn) -3,178.000 Sep 2023 quarterly Jun 1971 - Sep 2023
Balance of Payment: Current Account: sa: GS: Services: Credit (NZD mn) 6,915.000 Sep 2023 quarterly Jun 1971 - Sep 2023
Balance of Payment: Current Account: sa: GS: Goods: Credit (NZD mn) 16,875.000 Sep 2023 quarterly Jun 1971 - Sep 2023
Balance of Payment: Current Account: sa: GS: Goods: Debit (NZD mn) 20,052.000 Sep 2023 quarterly Jun 1971 - Sep 2023
Balance of Payment: Current Account: sa: GS: Services (NZD mn) -587.000 Sep 2023 quarterly Jun 1971 - Sep 2023
International Investment Position: Liabilities (NZD mn) 553,776.000 Sep 2023 quarterly Jun 2000 - Sep 2023
IIP: Assets (NZD mn) 361,837.000 Sep 2023 quarterly Jun 2000 - Sep 2023
IIP: Net (NZD mn) -191,940.000 Sep 2023 quarterly Jun 2000 - Sep 2023
External Debt: Net (NZD mn) -149,667.000 Dec 2018 quarterly Jun 2000 - Dec 2018
Direct Investment Abroad: Stock (NZD mn) 27,769.000 2023 yearly 2001 - 2023
Direct Investment Abroad: Stock: Australia (NZD mn) 13,487.000 2023 yearly 2001 - 2023
Direct Investment Abroad: Stock: United Kingdom (NZD mn) 1,049.000 2023 yearly 2001 - 2023
Direct Investment Abroad: Stock: United States of America (NZD mn) 7,388.000 2023 yearly 2001 - 2023
Foreign Direct Investment: Stock (NZD mn) 150,270.000 2023 yearly 2001 - 2023
Foreign Direct Investment: Stock: Australia (NZD mn) 78,721.000 2023 yearly 2001 - 2023
Foreign Direct Investment: Stock: United Kingdom (NZD mn) 6,019.000 2023 yearly 2001 - 2023
Foreign Direct Investment: Stock: United States of America (NZD mn) 9,824.000 2023 yearly 2001 - 2023
Foreign Direct Investment: Stock: Netherlands (NZD mn) 3,880.000 2018 yearly 2001 - 2018
Foreign Direct Investment: Stock: Japan (NZD mn) 5,553.000 2018 yearly 2001 - 2018
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.5 Dec 2017 quarterly Mar 1996 - Dec 2017
Household Debt: % of GDP (%) 91.5 Sep 2023 quarterly Dec 1990 - Sep 2023
Money Supply M1 (USD mn) 71,755.775 Jan 2024 monthly Dec 2016 - Jan 2024
Money Supply M2 (USD mn) 250,996.762 Jan 2024 monthly Mar 1988 - Jan 2024
M2 Growth (%) 3.8 Jan 2024 monthly Mar 1989 - Jan 2024
Foreign Exchange Reserves (USD mn) 14,926.8 Jan 2024 monthly Sep 2005 - Jan 2024
Foreign Exchange Reserves: % of GDP (%) 5.733 Sep 2023 quarterly Sep 2005 - Sep 2023
Foreign Exchange Reserves: Months of Import (NA) 4.1 Jan 2024 monthly Sep 2005 - Jan 2024
Gold Reserves (USD mn) 0.000 Jan 2024 monthly Dec 1950 - Jan 2024
Total Deposits (USD mn) 274,163.576 Jan 2024 monthly Dec 2016 - Jan 2024
Total Deposits Growth (%) 2.7 Jan 2024 monthly Dec 2017 - Jan 2024
Domestic Credit (USD mn) 366,012.0 Jan 2024 monthly Mar 1988 - Jan 2024
Domestic Credit Growth (%) 1.4 Jan 2024 monthly Mar 1989 - Jan 2024
Credit to Households (USD bn) 221.186 Sep 2023 quarterly Dec 1990 - Sep 2023
Credit to Private Non-Financial Sector (USD bn) 388.325 Sep 2023 quarterly Mar 1960 - Sep 2023
Household Debt (USD mn) 228,260.2 Jan 2024 monthly Dec 1990 - Jan 2024
Total Loans (USD mn) 342,881.503 Jan 2024 monthly Dec 2016 - Jan 2024
Total Loans Growth (%) 2.49 Jan 2024 monthly Dec 2017 - Jan 2024
Private Debt: % of Nominal GDP (%) 138.97 Sep 2023 quarterly Mar 1988 - Sep 2023
Depository Corp: Money Supply: Broad Money (NZD mn) 408,324.000 Jan 2024 monthly Mar 1988 - Jan 2024
Depository Corp: Money Supply: Broad Money: Narrow Money (NZD mn) 116,733.000 Jan 2024 monthly Dec 2016 - Jan 2024
Depository Corp: Domestic Credit (NZD mn) 595,432.000 Jan 2024 monthly Mar 1988 - Jan 2024
Official Reserve Assets (NZD mn) 29,796.048 Jan 2024 monthly Sep 2005 - Jan 2024
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -7.4 May 2023 monthly Aug 2003 - May 2023
House Price Inflation: Net Percent Expecting (%) 57.800 Mar 2024 quarterly Jun 2011 - Mar 2024
House Price Inflation: Net Percent Expecting Higher (%) -51.200 Mar 2024 quarterly Mar 2022 - Mar 2024
Performance Manufacturing Index (NA) 44.800 Jan 2024 monthly Aug 2002 - Jan 2024

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