By mid-year, the property market often adopts a watchful stillness, not quite the fresh start of spring, or the urgency of summer. However, 2025 has proven anything but typical, says Ray White New Zealand Chief Executive, Daniel Coulson

“With half the year now behind us, the data reveals a market quietly shifting underfoot. Volumes are rising, listings are tightening, and the cost of borrowing is easing, albeit with a central bank reluctant to move too fast, or too soon.

“This sets the stage for a deliberate reset, and therein lies the opportunity,” Coulson says.

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