New Zealand House Prices Growth
1990 - 2023 | Quarterly | % | CEIC Data
Key information about House Prices Growth
- New Zealand house prices dropped 0.7% YoY in Dec 2023, following a decrease of 4.1% YoY in the previous quarter.
- YoY growth data is updated quarterly, available from Dec 1990 to Dec 2023, with an average growth rate of 5.5%.
- 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 Dec 2023 in the chart:
What was New Zealand's House Prices Growth in Dec 2023?
New Zealand house prices dropped 0.7% YoY in Dec 2023, following a decrease of 4.1% YoY in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| -0.7 Dec 2023 | -4.1 Sep 2023 | -12.1 Mar 2023 | 30.5 Sep 2021 | % | quarterly | Dec 1990 - Dec 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 (%) | 4.8 Dec 2023 | quarterly | Sep 2004 - Dec 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 (%) | 5.3 Feb 2024 | monthly | Jan 2009 - Feb 2024 |
| Brunei (%) | -0.8 Dec 2023 | quarterly | Mar 2016 - Dec 2023 |
| Bulgaria (%) | 10.1 Dec 2023 | quarterly | Mar 2006 - Dec 2023 |
| Canada (%) | -0.4 Feb 2024 | monthly | Jan 1982 - Feb 2024 |
| Chile (%) | 1.3 Dec 2023 | monthly | Jan 2004 - Dec 2023 |
| China (%) | -8.6 Feb 2024 | monthly | Mar 1999 - Feb 2024 |
| 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 (%) | 0.2 Dec 2023 | quarterly | Mar 2006 - Dec 2023 |
| Finland (%) | 2.0 Dec 2017 | quarterly | Mar 2011 - Dec 2017 |
| France (%) | -3.6 Dec 2023 | quarterly | Mar 2001 - Dec 2023 |
| Georgia (%) | 7.8 Jun 2021 | monthly | May 2016 - Jun 2021 |
| Germany (%) | -7.1 Dec 2023 | quarterly | Mar 2001 - Dec 2023 |
| Greece (%) | 12.1 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| Hong Kong SAR, China (%) | -12.8 Feb 2024 | monthly | Jan 1994 - Feb 2024 |
| Hungary (%) | 3.3 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
| Iceland (%) | 7.0 Mar 2024 | monthly | Mar 2001 - Mar 2024 |
| India (%) | 2.7 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
| Indonesia (%) | 1.7 Dec 2023 | quarterly | Mar 2003 - Dec 2023 |
| Ireland (%) | 5.4 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
| Israel (%) | -0.6 Dec 2023 | monthly | Jan 1995 - Dec 2023 |
| Italy (%) | 1.8 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
| Japan (%) | 2.7 Dec 2023 | monthly | Apr 2009 - Dec 2023 |
| Kazakhstan (%) | -2.1 Mar 2024 | monthly | Nov 2013 - Mar 2024 |
| South Korea (%) | -2.1 Mar 2024 | monthly | Jan 1987 - Mar 2024 |
| Latvia (%) | 17.3 Mar 2022 | quarterly | Mar 2007 - Mar 2022 |
| Lithuania (%) | 13.1 Mar 2023 | quarterly | Mar 2007 - Mar 2023 |
| Luxembourg (%) | -14.4 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
| North Macedonia (%) | 2.1 Dec 2019 | semiannually | Jun 2004 - Dec 2019 |
| Malaysia (%) | 0.5 Dec 2023 | quarterly | Mar 2000 - Dec 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 (%) | 1.1 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
| Netherlands (%) | 4.3 Feb 2024 | monthly | Jan 1996 - Feb 2024 |
| New Zealand (%) | -0.7 Dec 2023 | quarterly | Dec 1990 - Dec 2023 |
| Norway (%) | -0.7 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
| Palestinian Territory (%) | -4.5 Sep 2023 | quarterly | Mar 2019 - Sep 2023 |
| Peru (%) | 7.0 Dec 2021 | quarterly | Dec 2008 - Dec 2021 |
| Philippines (%) | 6.5 Dec 2023 | quarterly | Mar 2015 - Dec 2023 |
| Poland (%) | 11.2 Dec 2023 | quarterly | Sep 2007 - Dec 2023 |
| Portugal (%) | 7.8 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
| Romania (%) | 7.0 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
| Russia (%) | 11.8 Dec 2022 | quarterly | Mar 2006 - Dec 2022 |
| Serbia (%) | -5.0 Dec 2023 | semiannually | Jun 1995 - Dec 2023 |
| Singapore (%) | 5.0 Mar 2024 | quarterly | Mar 1976 - Mar 2024 |
| 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 (%) | 3.2 Feb 2024 | monthly | Jan 2002 - Feb 2024 |
| 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 (%) | 68.0 Jan 2024 | monthly | Jan 2011 - Jan 2024 |
| Ukraine (%) | 17.0 Dec 2023 | quarterly | Mar 2017 - Dec 2023 |
| United Kingdom (%) | 1.6 Mar 2024 | monthly | Jan 1992 - Mar 2024 |
| United States (%) | 6.4 Dec 2023 | quarterly | Mar 1992 - Dec 2023 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -0.6 Dec 2023 | quarterly | Dec 1999 - Dec 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 2023 | yearly | 1999 - 2023 |
| National Government Debt (USD mn) | 99,408.0 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
| Government Debt: % of GDP (%) | 38.7 Dec 2023 | quarterly | Dec 2006 - Dec 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: Revenue (NZD mn) | 82,119.000 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| General Government: ytd: Expenses (NZD mn) | 84,661.000 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) | -133.5 Feb 2024 | monthly | Jan 1960 - Feb 2024 |
| Total Exports (USD mn) | 3,606.2 Feb 2024 | monthly | Jan 1957 - Feb 2024 |
| Total Exports Growth (%) | 16.2 Feb 2024 | monthly | Jan 1952 - Feb 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) | 3,739.7 Feb 2024 | monthly | Jan 1960 - Feb 2024 |
| Total Imports Growth (%) | 3.3 Feb 2024 | monthly | Jan 1961 - Feb 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) | 542.087 Feb 2024 | monthly | Jul 1981 - Feb 2024 |
| Total Imports from USA (USD mn) | 275.255 Feb 2024 | monthly | Jan 1981 - Feb 2024 |
| Total Exports to China (USD mn) | 1,063.182 Feb 2024 | monthly | Jul 1981 - Feb 2024 |
| Total Imports from China (USD mn) | 899.642 Feb 2024 | monthly | Jul 1982 - Feb 2024 |
| Import Volume Index: sa (Jun2002=1000) | 2,434.000 Dec 2023 | quarterly | Jun 1990 - Dec 2023 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.5 Dec 2017 | quarterly | Mar 1996 - Dec 2017 |
| Household Debt: % of GDP (%) | 91.5 Dec 2023 | quarterly | Dec 1990 - Dec 2023 |
| Money Supply M1 (USD mn) | 70,530.739 Feb 2024 | monthly | Dec 2016 - Feb 2024 |
| Money Supply M2 (USD mn) | 248,361.092 Feb 2024 | monthly | Mar 1988 - Feb 2024 |
| M2 Growth (%) | 3.3 Feb 2024 | monthly | Mar 1989 - Feb 2024 |
| Foreign Exchange Reserves (USD mn) | 15,974.3 Feb 2024 | monthly | Sep 2005 - Feb 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 4.716 Dec 2023 | quarterly | Sep 2005 - Dec 2023 |
| Foreign Exchange Reserves: Months of Import (NA) | 4.3 Feb 2024 | monthly | Sep 2005 - Feb 2024 |
| Gold Reserves (USD mn) | 0.000 Feb 2024 | monthly | Dec 1950 - Feb 2024 |
| Total Deposits (USD mn) | 271,656.291 Feb 2024 | monthly | Dec 2016 - Feb 2024 |
| Total Deposits Growth (%) | 3.1 Feb 2024 | monthly | Dec 2017 - Feb 2024 |
| Domestic Credit (USD mn) | 361,531.0 Feb 2024 | monthly | Mar 1988 - Feb 2024 |
| Domestic Credit Growth (%) | 0.8 Feb 2024 | monthly | Mar 1989 - Feb 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) | 226,676.0 Feb 2024 | monthly | Dec 1990 - Feb 2024 |
| Total Loans (USD mn) | 340,916.239 Feb 2024 | monthly | Dec 2016 - Feb 2024 |
| Total Loans Growth (%) | 2.59 Feb 2024 | monthly | Dec 2017 - Feb 2024 |
| Private Debt: % of Nominal GDP (%) | 138.64 Dec 2023 | quarterly | Mar 1988 - Dec 2023 |
| Depository Corp: Money Supply: Broad Money (NZD mn) | 407,684.000 Feb 2024 | monthly | Mar 1988 - Feb 2024 |
| Depository Corp: Money Supply: Broad Money: Narrow Money (NZD mn) | 115,776.000 Feb 2024 | monthly | Dec 2016 - Feb 2024 |
| Depository Corp: Domestic Credit (NZD mn) | 593,452.000 Feb 2024 | monthly | Mar 1988 - Feb 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 Higher (%) | -51.200 Mar 2024 | quarterly | Mar 2022 - Mar 2024 |
| House Price Inflation: Net Percent Expecting (%) | 57.800 Mar 2024 | quarterly | Jun 2011 - Mar 2024 |
| Performance Manufacturing Index (NA) | 46.400 Mar 2024 | monthly | Aug 2002 - Mar 2024 |
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