New Zealand

New ZealandReal HPI

NZ desk: New Zealand first; Australia, United States, United Kingdom, euro area and Korea alongside.

127.5

−2.1 (−1.6%)

As of 2025 Q4 | 2015=100, real

Latest
127.5 2025 Q4
Previous
129.6 2025 Q3
Min
23.9 1971 Q1
Max
172.9 2021 Q4
PeriodValue
2025 Q4127.5
2025 Q3129.6
2025 Q2130.9
2025 Q1131.3
2024 Q4132.4
2024 Q3133.5
2024 Q2135.8
2024 Q1137.6
2023 Q4137.8
2023 Q3137.9
2023 Q2138.1
2023 Q1138.8
2022 Q4144.1
2022 Q3151.5
2022 Q2160.7
2022 Q1167.3
2021 Q4172.9
2021 Q3167.6
2021 Q2161.9
2021 Q1155.5
2020 Q4143.7
2020 Q3134.9
2020 Q2129.2
2020 Q1127.8
#CountryReal HPIChangePeriod
12United States152.9−1.0 (−0.7%)2026-0324Australia131.9+2.6 (+2.0%)2026-0327New Zealand127.5−2.1 (−1.6%)2025-1233United Kingdom107.6−0.4 (−0.4%)2026-0340Korea91.4−0.4 (−0.4%)2025-03

What a real house price index is

The OECD real house price index deflates nominal dwelling prices by the private consumption deflator, so a rise means houses became more expensive relative to consumer prices. Latest: 127.5 in 2025 Q4.

From 1970 Q1 to 2025 Q4 (224 quarters): latest 127.5 (2025 Q4), previous 129.6 (2025 Q3); low 23.9 (1971 Q1), high 172.9 (2021 Q4).

Source: OECD Analytical House Prices. Licence: OECD data; attribution required (terms).