New Zealand House Prices Lack Momentum as Buyers Sidelined

New Zealand house prices have barely budged in 2026, as surging fuel costs and uncertainty linked to the Iran war sap buyer confidence and keep many on the sidelines.

While prices rose for a third straight month in April, the increase was just 0.1% from March, property consultancy Cotality said Friday in Wellington, citing its home value index. Prices are up just 0.6% since December and are 0.8% lower than in April last year.