Report | Intelligent Investment

New Zealand Residential Valuer Insights – Q2 2026

June 28, 2026 11 Minute Read

By Craig Russell Tamba Carleton

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CBRE’s Q2 2026 Residential Valuations Property Market survey received 51 responses from CBRE Valuers around New Zealand. In this report we delve into the latest housing market insights, giving us a detailed understanding of the dynamic residential real estate landscape.

About the Survey

  • 51

    Residential Valuers Surveyed

  • 850+

    Independent Residential Valuations per Month

  • 17

    Locations Represented (Nationwide Coverage)

Key Findings

  1. Softer housing market demand

    Demand for housing in New Zealand has experienced a downward shift between Q1 2026 and Q2 2026, with fewer valuers reporting balanced or strong market conditions in their respective areas and more reporting softness in their local housing market demand.

  2. First home buyers strengthened their dominance

    First home buyers remained the most active buyer profile among all areas. For the first three quarters of 2025 they were reported as a top 4 buyer group for over 90% of valuers. In our most recent survey this has strengthened to record 98%.

  3. Standalone properties are the most popular

    Standalone houses, recently renovated properties, and new standalone dwellings have experienced an increase in demand. In each of our 2025 surveys, standalone homes continued to increase, and in the Q2 2026 survey 31% of valuers reported increased demand. It appears that market conditions are limiting the need for buyers to compromise.

  4. Stability expected around future demand

    Demand expectations in the most recent survey have declined from Q1 2026. Half of valuers expect demand levels to remain the same during the next 12 months, with the other half split between minor increases and decreases.

  5. Housing values are expected to remain stable

    Two thirds (68%) of valuers surveyed expect house values in their area to remain stable in the next 12 months. For valuers with a non mainstream view, more are expecting a slight fall rather than a slight increase in value.

  6. Little growth expected for lifestyle properties

    Overall sentiment remains steady for lifestyle properties, with 72% of valuers expecting prices to remain stable over the next 12 months. Growth expectations have eased since last quarter, however expectations of moderately strong growth have emerged in certain markets.

  7. Little growth expected for lifestyle properties

    Overall sentiment remains steady for lifestyle properties, with 72% of valuers expecting prices to remain stable over the next 12 months. Growth expectations have eased since last quarter, however expectations of moderately strong growth have emerged in certain markets.

  8. Vacant land expected to be mostly stable

    Although market conditions have been difficult in the past few years, 72% of valuers expect vacant land values in their area to remain stable over the next 12 months, the same proportion was what was reported for Q1 2026. Sentiment has shifted downward over the past quarter, with slightly more expecting falls in value than previously.

  9. Some moderation in supply expectations

    Expectations of future supply to the market for the next 12 months have shifted with proportionally more valuers reporting that they expect supply of properties in their area to remain at the same level during the next year.

Types of Residential Property We Value

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