House prices in New Zealand increased 0.8 percent month-over-month in February of 2019. Housing Index in New Zealand averaged 0.56 percent from 1992 until 2019, reaching an all time high of 6.66 percent in March of 2015 and a record low of -5.10 percent in October of 2015.
Housing Index in New Zealand is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Housing Index in New Zealand to stand at -0.30 in 12 months time. In the long-term, the New Zealand House Prices MoM Change is projected to trend around 1.20 percent in 2020, according to our econometric models.