Four decades of 6-7% yearly house price growth ending

New Zealander’s reliance on property capital gains in the mid-single digits is at an end.

CoreLogic NZ research head Nick Goodall expects long-term house price increases to be more in line with annual income growth of 3-4%.

Speaking at a Financial Services Institute of Australasia (FINSIA) webinar on insights into New Zealand Property in 2025, Goodall says the old adage of house prices doubling every 10 years and will continue to do for forever, just irks him.

“If we see income growth over the next decade of about 3% of maybe 4% per annum, then we expect house prices to follow similarly.