Report | Intelligent Investment
New Zealand Residential Valuer Insights – Q1 2025
Market insights on the dynamic residential real estate landscape in New Zealand
April 3, 2025 11 Minute Read
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See the New Zealand residential real estate market through the eyes of the experts with our first New Zealand residential valuer insights report.
This isn’t just another market summary. This first-ever report of its kind from CBRE New Zealand gathers the perspectives of professional residential valuers from all corners of the country. These are the people on the ground, conducting over 850 valuations each month, giving them an unparalleled understanding of current conditions.
Whether you’re buying, selling, investing or working in the property sector, this unique, nationwide insight offers a valuable view of todays and tomorrows housing market.
Expert insights on the New Zealand Residential Market
Tamba Carleton shares her perspective on the outlook for the housing market and residential development in Auckland
Craig Russell explores the emerging trends and opportunities in the New Zealand residential market – for buyers and sellers
George Farmer provides insight into the current and future states of the Auckland housing market are predicted to be
Key Findings
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Recent housing market demand
Valuers across New Zealand have reported a moderately balanced housing market in Q1 2025, with 57% of CBRE Valuers indicating moderate demand and 41% indicating soft demand across their respective markets. -
First home buyers are active
All but two of the valuers surveyed noted first home buyers as one of the most active buyer profiles in their area. This is a heartening result given New Zealand’s internationally recognised housing unaffordability. -
Standalone houses are popular
Standalone houses, recently renovated properties, and new standalone dwellings have experienced an increase in demand. In Q1 2025, 57% of Valuers reported increased demand for standalone houses, and no valuers reported a decrease in demand for this typology. -
Declining interest rates are lifting demand
Demand expectations are overwhelmingly positive with all valuers surveyed reporting that they expect demand to either remain the same or increase in the next 12 months. This is based on the view that declining interest rates are paving the way housing market recovery. -
House value lift expected in the next 12 months
Two thirds (67%) of valuers surveyed expect house values in their area to increase by up to 5% in the next 12 months. A further 26% expect prices to be stable. -
Stability expected for lifestyle properties
Over half of valuers expect lifestyle property values to remain stable over the next 12 months. For valuers expecting a change in pricing, almost all are expecting a small value uplift of up to 5%. Relatively few valuers are expecting larger changes in pricing. -
Vacant land also expected to be stable
Although market conditions have been difficult in the past few years, 63% of valuers expect vacant land values in their area to remain stable over the next 12 months. This is symptomatic of a recovering market as the economic cycle improves. -
No major market imbalance
Expectations of future supply to the market for the next 12 months indicate a steady or increasing stream of new listings. 49% of valuers anticipate supply levels of properties for sale to increase, and a further 40% expect this to remain the same level as it is currently.
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Types of Residential Property We Value
Contact Us
Craig Russell
National Director, Residential Valuation & Advisory Services, New Zealand
Talei Atwell
Associate Director & Regional Manager, Residential Valuation & Advisory Services, Northland, New Zealand
George Farmer
Associate Director, Residential Valuation & Advisory Services, Auckland Region, New Zealand
Jerome McKeefry
Manager (Central), Residential Valuation & Advisory Services, New Zealand
Victoria Murdoch
Director - Manager (Southern), Residential Valuation & Advisory Services, New Zealand
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