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Housing (M10)

This data shows the activity and level of the housing market in New Zealand.

Special note

Incorrect published data for the House price index

Read more
House sales House price index Total value of housing stock Residential investment (GDP)
Date (Number) (Index) ($m)1 (Real $m)
Previous years:
Dec 2021 27,652 3920 1,763,125 4,390
Dec 2022 16,347 3484 1,608,367 4,244
Quarterly:
Mar 2023 15,480 3382 1,573,547 3,868
Jun 2023 18,414 3349 1,563,341 4,049
Sep 2023 18,213 3404 1,590,955 4,184
Dec 2023 18,702 3458 1,621,444 4,082
[1] This data lags by one quarter

Incorrect published data for the House price index

9 April 2024

Data published on 8 April 2024 for the House price index, had incorrect values impacting the published M1 and M10 web tables. The data has been rectified and will be updated today 9 April.


View all Housing Special notes

The data: coverage, periodicity and timeliness

Coverage characteristics

We sourced the total value of housing, house price index and number of house sales from CoreLogic.

We sourced the value of residential investment from Statistics New Zealand's gross domestic product (GDP) data.

Periodicity

Quarterly

Timeliness

We publish CoreLogic data around four months after the end of the reference quarter.

We publish GDP around three months after the end of the reference quarter.

Access by the public

Statistics release calendar

The statistics release calendar provides a long-term plan of scheduled releases. We update and release the calendar on the first working day of the month.

View the statistics release calendar

Integrity

Dissemination of terms and conditions under which official statistics are produced, including confidentiality of individual responses

We reproduced the data with the permission of Statistics New Zealand.

Provision of information about revisions and advance notice of major changes in methodology

We generally publish revisions when we update and release a table. New or revised data is in bold font.

Quality

Dissemination of documentation on methodology and sources used in preparing statistics

We sourced data from CoreLogic and Statistics New Zealand.

House price index

Gross domestic product

Total value of housing stock

Includes all private sector residential dwellings (detached houses, flats and apartments), lifestyle blocks (with a dwelling), detached houses converted to flats and ‘home and income' properties.

We sourced data from CoreLogic.

Residential investment

Gross fixed capital formation on residential buildings.

We sourced data from Statistics New Zealand's Gross Domestic Product publication.

House price index (HPI)

The HPI measures the movement in house prices for local council areas throughout New Zealand, providing an indicator of capital growth and how prices are trending in an area.

We sourced data from CoreLogic.

Number of house sales

Number of freehold open market sales of residential and lifestyle dwellings.

We sourced data from CoreLogic.

Symbols and conventions for summary table

Symbol or convention Definition
0 Zero or value rounded to zero
- Not applicable
.. Not available
bold Revised/new
italics Provisional
Light grey background Historical

General notes

  • Individual figures may not sum to the totals due to rounding
  • Percentage changes are calculated on unrounded numbers
  • You are free to copy, distribute and adapt these statistics subject to the conditions listed on our copyright page.