New Zealand Real Residential Property Price Index Growth

1971 - 2023 | Quarterly | % | Bank for International Settlements

Key information about New Zealand Real Residential Property Price Index Growth

  • New Zealand Real Residential Property Price Index Growth was reported at -5.224 % in Dec 2023.
  • This records an increase from the previous number of -9.192 % for Sep 2023.
  • New Zealand Real Residential Property Price Index Growth data is updated quarterly, averaging 2.677 % from Mar 1971 to Dec 2023, with 212 observations.
  • The data reached an all-time high of 30.689 % in Jun 1974 and a record low of -17.185 % in Mar 2023.
  • New Zealand Real Residential Property Price Index Growth data remains active status in CEIC and is reported by Bank for International Settlements.
  • The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly: YoY %.

View New Zealand's Real Residential Property Price Index Growth from Mar 1971 to Dec 2023 in the chart:

New Zealand Real Residential Property Price Index Growth

What was New Zealand's Real Residential Property Price Index Growth in Dec 2023?

New Zealand Real Residential Property Price Index Growth was reported at -5.224 % in Dec 2023. See the table below for more data.

Last Previous Min Max Unit Frequency Range
-5.224 Dec 2023 -9.192 Sep 2023 -17.185 Mar 2023 30.689 Jun 1974 % quarterly Mar 1971 - Dec 2023

Real Residential Property Price Index Growth by Country Comparison

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country/region Last Frequency Range
Australia (%) 2.766 Dec 2023 quarterly Mar 1971 - Dec 2023
Austria (%) -7.381 Dec 2023 quarterly Mar 2001 - Dec 2023
Belgium (%) 2.523 Dec 2023 quarterly Mar 1971 - Dec 2023
Brazil (%) -2.540 Dec 2023 quarterly Mar 2002 - Dec 2023
Bulgaria (%) 4.550 Dec 2023 quarterly Mar 2006 - Dec 2023
Canada (%) -2.339 Dec 2023 quarterly Mar 1971 - Dec 2023
Chile (%) 2.419 Sep 2023 quarterly Mar 2003 - Sep 2023
China (%) -3.383 Dec 2023 quarterly Jun 2006 - Dec 2023
Colombia (%) 0.663 Dec 2023 quarterly Mar 1989 - Dec 2023
Croatia (%) 4.244 Dec 2023 quarterly Mar 2003 - Dec 2023
Cyprus (%) 4.725 Sep 2023 quarterly Mar 2003 - Sep 2023
Czech Republic (%) -7.982 Dec 2023 quarterly Mar 2009 - Dec 2023
Denmark (%) 2.098 Dec 2023 quarterly Mar 1971 - Dec 2023
Estonia (%) 1.401 Dec 2023 quarterly Mar 2006 - Dec 2023
Finland (%) -8.007 Dec 2023 quarterly Mar 1971 - Dec 2023
France (%) -7.052 Dec 2023 quarterly Mar 1971 - Dec 2023
Germany (%) -10.323 Dec 2023 quarterly Mar 1971 - Dec 2023
Greece (%) 8.189 Dec 2023 quarterly Mar 2007 - Dec 2023
Hong Kong SAR, China (%) -9.552 Dec 2023 quarterly Dec 1980 - Dec 2023
Hungary (%) -3.862 Dec 2023 quarterly Mar 2000 - Dec 2023
Iceland (%) -3.380 Dec 2023 quarterly Mar 2001 - Dec 2023
India (%) -2.884 Sep 2023 quarterly Mar 2010 - Sep 2023
Indonesia (%) -0.915 Dec 2023 quarterly Mar 2003 - Dec 2023
Ireland (%) -1.320 Dec 2023 quarterly Mar 1971 - Dec 2023
Israel (%) -4.640 Dec 2023 quarterly Mar 1995 - Dec 2023
Italy (%) 0.788 Dec 2023 quarterly Mar 1948 - Dec 2023
Japan (%) -0.419 Dec 2023 quarterly Mar 1956 - Dec 2023
South Korea (%) -8.734 Dec 2023 quarterly Mar 1976 - Dec 2023
Latvia (%) -0.173 Dec 2023 quarterly Mar 2007 - Dec 2023
Lithuania (%) 6.201 Dec 2023 quarterly Dec 1999 - Dec 2023
Luxembourg (%) -17.095 Dec 2023 quarterly Mar 2008 - Dec 2023
North Macedonia (%) 3.428 Dec 2023 quarterly Mar 2001 - Dec 2023
Malaysia (%) -1.115 Dec 2023 quarterly Mar 1989 - Dec 2023
Malta (%) 0.353 Sep 2023 quarterly Mar 2006 - Sep 2023
Mexico (%) 5.408 Dec 2023 quarterly Mar 2006 - Dec 2023
Morocco (%) -3.095 Dec 2023 quarterly Mar 2006 - Dec 2023
Netherlands (%) -0.637 Dec 2023 quarterly Mar 1971 - Dec 2023
New Zealand (%) -5.224 Dec 2023 quarterly Mar 1971 - Dec 2023
Norway (%) -5.028 Dec 2023 quarterly Mar 1993 - Dec 2023
Peru (%) -0.775 Dec 2023 quarterly Mar 1999 - Dec 2023
Philippines (%) 2.041 Dec 2023 quarterly Mar 2009 - Dec 2023
Poland (%) 6.535 Dec 2023 quarterly Mar 2011 - Dec 2023
Portugal (%) 6.045 Dec 2023 quarterly Mar 2009 - Dec 2023
Romania (%) -3.478 Dec 2023 quarterly Mar 2010 - Dec 2023
Russia (%) -3.224 Sep 2023 quarterly Mar 2002 - Sep 2023
Serbia (%) -2.873 Sep 2023 quarterly Mar 2001 - Sep 2023
Singapore (%) 2.717 Dec 2023 quarterly Mar 1999 - Dec 2023
Slovakia (%) -6.972 Dec 2023 quarterly Mar 2007 - Dec 2023
Slovenia (%) -0.793 Sep 2023 quarterly Mar 2008 - Sep 2023
South Africa (%) -4.567 Dec 2023 quarterly Mar 1967 - Dec 2023
Spain (%) 0.994 Dec 2023 quarterly Mar 1972 - Dec 2023
Sweden (%) -8.032 Dec 2023 quarterly Mar 1971 - Dec 2023
Switzerland (%) -0.363 Dec 2023 quarterly Mar 1971 - Dec 2023
Thailand (%) 3.490 Dec 2023 quarterly Mar 1992 - Dec 2023
Turkey (%) 7.875 Dec 2023 quarterly Mar 2011 - Dec 2023
United Arab Emirates (%) 14.759 Dec 2023 quarterly Mar 2004 - Dec 2023
United Kingdom (%) -5.630 Dec 2023 quarterly Jun 1969 - Dec 2023
United States (%) 2.213 Dec 2023 quarterly Mar 1971 - Dec 2023

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New Zealand Key Series

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Includes 259 key indicators for New Zealand, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -0.6 Dec 2023 quarterly Dec 1999 - Dec 2023
Consolidated Fiscal Balance (USD mn) -114.714 Dec 2023 quarterly Mar 1999 - Dec 2023
Tax Revenue (USD mn) 78,682.575 2023 yearly 1999 - 2023
Tax Revenue: % of GDP (%) 31.5 2023 yearly 1999 - 2023
National Government Debt (USD mn) 99,408.0 Dec 2023 quarterly Dec 2006 - Dec 2023
Government Debt: % of GDP (%) 38.7 Dec 2023 quarterly Dec 2006 - Dec 2023
Forecast: Government Expenditure (NZD bn) 202.357 2029 yearly 1985 - 2029
Forecast: Government Net Debt (NZD bn) 240.233 2028 yearly 1985 - 2028
Forecast: Government Revenue (NZD bn) 198.840 2028 yearly 1985 - 2028
General Government: ytd: Expenses (NZD mn) 84,661.000 Dec 2023 quarterly Mar 1999 - Dec 2023
General Government: ytd: Revenue (NZD mn) 82,119.000 Dec 2023 quarterly Mar 1999 - Dec 2023
General Government: ytd: Borrowings (NZD mn) 248,109.000 Dec 2023 quarterly Jun 2002 - Dec 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.748 2028 yearly 1980 - 2028
Trade Balance (USD mn) 357.3 Mar 2024 monthly Jan 1960 - Mar 2024
Total Exports (USD mn) 3,950.9 Mar 2024 monthly Jan 1957 - Mar 2024
Total Exports Growth (%) 3.8 Mar 2024 monthly Jan 1952 - Mar 2024
Aluminum: Exports (USD th) 899,348.562 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 148,665.511 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 256,958.049 2022 yearly 1995 - 2022
Total Imports (USD mn) 3,593.6 Mar 2024 monthly Jan 1960 - Mar 2024
Total Imports Growth (%) -24.8 Mar 2024 monthly Jan 1961 - Mar 2024
Imports: Medicament (USD th) 974,970.031 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 727,040.199 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 505.882 Mar 2024 monthly Jul 1981 - Mar 2024
Total Imports from USA (USD mn) 305.443 Mar 2024 monthly Jan 1981 - Mar 2024
Total Exports to China (USD mn) 942.917 Mar 2024 monthly Jul 1981 - Mar 2024
Total Imports from China (USD mn) 804.018 Mar 2024 monthly Jul 1982 - Mar 2024
Exports: fob: SITC: Manufacturing: Goods (NZD mn) 307.459 Mar 2024 monthly Jan 2002 - Mar 2024
Exports: fob: SITC: Food & Live Animals (NZD mn) 3,855.656 Mar 2024 monthly Jan 2002 - Mar 2024
Exports: fob: SITC: Crude Materials (NZD mn) 711.141 Mar 2024 monthly Jan 2002 - Mar 2024
Exports: fob: SITC: Manufacturing: Machinery & Transport Equipment (NZD mn) 412.955 Mar 2024 monthly Jan 2002 - Mar 2024
Exports: fob: SITC: Mineral Fuels (NZD mn) 154.424 Mar 2024 monthly Jan 2002 - Mar 2024
Exports: fob: Australia (NZD mn) 779.509 Mar 2024 monthly Jan 1988 - Mar 2024
Exports: fob: China (NZD mn) 1,702.174 Mar 2024 monthly Jul 1981 - Mar 2024
Exports: fob: United Kingdom (NZD mn) 163.162 Mar 2024 monthly Jul 1981 - Mar 2024
Exports: fob: United States (NZD mn) 831.906 Mar 2024 monthly Jul 1981 - Mar 2024
Exports: fob: Japan (NZD mn) 299.028 Mar 2024 monthly Jul 1981 - Mar 2024
Exports: fob: Australia: sa (NZD mn) 758.432 Mar 2024 monthly Jul 1981 - Mar 2024
Exports: fob: China: sa (NZD mn) 1,550.596 Mar 2024 monthly Jul 1981 - Mar 2024
Export Volume Index: Exclude Re Export (Jun2002=1000) 1,475.000 Dec 2023 quarterly Mar 1951 - Dec 2023
Import Volume Index: sa (Jun2002=1000) 2,434.000 Dec 2023 quarterly Jun 1990 - Dec 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -49.5 Dec 2023 quarterly Jun 2000 - Dec 2023
Current Account Balance (USD mn) -5,231.7 Mar 2023 quarterly Jun 1971 - Mar 2023
Current Account Balance: % of GDP (%) -6.7 Dec 2023 quarterly Jun 1987 - Dec 2023
Foreign Direct Investment (USD mn) 1,680.3 Dec 2023 quarterly Jun 2000 - Dec 2023
Foreign Direct Investment: % of GDP (%) 2.6 Dec 2023 quarterly Jun 2000 - Dec 2023
Foreign Portfolio Investment (USD mn) 4,127.907 Dec 2023 quarterly Jun 1995 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 6.4 Dec 2023 quarterly Jun 1995 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -92.4 Dec 2023 quarterly Jun 2000 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 4,220.283 Dec 2023 quarterly Jun 1995 - Dec 2023
External Debt (USD mn) 223,600.4 Dec 2023 quarterly Mar 1993 - Dec 2023
External Debt: % of GDP (%) 87.1 2023 yearly 1993 - 2023
External Debt: Short Term (USD mn) 76,655.0 Dec 2023 quarterly Jun 2000 - Dec 2023
External Debt: Short Term: % of GDP (%) 29.8 2023 yearly 2000 - 2023
Total Debt: % of GDP (%) 621.0 2021 yearly 2006 - 2021
Forecast: Current Account Balance (USD bn) -12.495 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -132,907.322 Dec 2023 quarterly Jun 2000 - Dec 2023
Balance of Payment: Current Account: Goods (NZD mn) -3,656.000 Dec 2023 quarterly Jun 1971 - Dec 2023
Balance of Payment: Current Account: Services: Debit (NZD mn) 7,784.000 Dec 2023 quarterly Jun 1971 - Dec 2023
Balance of Payment: Financial Account (NZD mn) 12,927.000 Dec 2023 quarterly Jun 2000 - Dec 2023
Balance of Payment: Financial Account: Assets: Financial Derivatives (NZD mn) -3,568.000 Dec 2023 quarterly Jun 2000 - Dec 2023
Balance of Payment: Financial Account: Liabilities: Direct Investment (NZD mn) 2,783.000 Dec 2023 quarterly Jun 2000 - Dec 2023
Balance of Payment: Capital Account: Debit (NZD mn) 306.000 Dec 2023 quarterly Mar 1997 - Dec 2023
Balance of Payment: Capital Account: Credit (NZD mn) 11.000 Dec 2023 quarterly Jun 1996 - Dec 2023
Balance of Payment: Current Account: Goods: Debit (NZD mn) 20,992.000 Dec 2023 quarterly Jun 1971 - Dec 2023
Balance of Payment: Financial Account: Assets (NZD mn) -10,326.000 Dec 2023 quarterly Jun 2000 - Dec 2023
Balance of Payment: Current Account: Services (NZD mn) -696.000 Dec 2023 quarterly Jun 1971 - Dec 2023
Balance of Payment: Financial Account: Assets: Portfolio Investment (NZD mn) 1,180.000 Dec 2023 quarterly Jun 2000 - Dec 2023
Balance of Payment: Financial Account: Liabilities: Financial Derivatives (NZD mn) -1,747.000 Dec 2023 quarterly Jun 2000 - Dec 2023
Balance of Payment: Financial Account: Liabilities: Other Investment (NZD mn) -5,271.000 Dec 2023 quarterly Jun 2000 - Dec 2023
Balance of Payment: Current Account: Goods: Credit (NZD mn) 17,336.000 Dec 2023 quarterly Jun 1971 - Dec 2023
Balance of Payment: Current Account: Services: Credit (NZD mn) 7,088.000 Dec 2023 quarterly Jun 1971 - Dec 2023
Balance of Payment: Net Errors and Omissions (NZD mn) -4,796.000 Dec 2023 quarterly Jun 2000 - Dec 2023
Balance of Payment: Financial Account: Liabilities (NZD mn) 2,602.000 Dec 2023 quarterly Jun 2000 - Dec 2023
Balance of Payment: Current Account (NZD mn) -7,837.000 Dec 2023 quarterly Jun 1971 - Dec 2023
Balance of Payment: Current Account: Primary Income: Debit (NZD mn) 6,588.000 Dec 2023 quarterly Jun 1971 - Dec 2023
Balance of Payment: Financial Account: Liabilities: Portfolio Investment (NZD mn) 6,837.000 Dec 2023 quarterly Jun 2000 - Dec 2023
Balance of Payment: Current Account: Primary Income (NZD mn) -3,402.000 Dec 2023 quarterly Jun 1971 - Dec 2023
Balance of Payment: Capital Account (NZD mn) -295.000 Dec 2023 quarterly Jun 1996 - Dec 2023
Balance of Payment: Financial Account: Assets: Direct Investment (NZD mn) -82.000 Dec 2023 quarterly Jun 2000 - Dec 2023
Balance of Payment: Financial Account: Assets: Reserve Assets (NZD mn) -3,241.000 Dec 2023 quarterly Jun 2000 - Dec 2023
Balance of Payment: Financial Account: Assets: Other Investment (NZD mn) -4,614.000 Dec 2023 quarterly Jun 2000 - Dec 2023
Balance of Payment: Current Account: Primary Income: Credit (NZD mn) 3,187.000 Dec 2023 quarterly Jun 1971 - Dec 2023
BOP: Current Account: Goods & Services (NZD mn) -4,352.000 Dec 2023 quarterly Jun 1971 - Dec 2023
Balance of Payment: Current Account: sa: GS: Services: Debit (NZD mn) 7,563.000 Dec 2023 quarterly Jun 1971 - Dec 2023
Balance of Payment: Current Account: sa (NZD mn) -6,866.000 Dec 2023 quarterly Jun 1971 - Dec 2023
Balance of Payment: Current Account: sa: GS: Goods (NZD mn) -2,944.000 Dec 2023 quarterly Jun 1971 - Dec 2023
Balance of Payment: Current Account: sa: GS: Services: Credit (NZD mn) 7,125.000 Dec 2023 quarterly Jun 1971 - Dec 2023
Balance of Payment: Current Account: sa: GS: Goods: Credit (NZD mn) 16,743.000 Dec 2023 quarterly Jun 1971 - Dec 2023
Balance of Payment: Current Account: sa: GS: Services (NZD mn) -438.000 Dec 2023 quarterly Jun 1971 - Dec 2023
Balance of Payment: Current Account: sa: GS: Goods: Debit (NZD mn) 19,687.000 Dec 2023 quarterly Jun 1971 - Dec 2023
IIP: Assets (NZD mn) 361,023.000 Dec 2023 quarterly Jun 2000 - Dec 2023
International Investment Position: Liabilities (NZD mn) 570,656.000 Dec 2023 quarterly Jun 2000 - Dec 2023
IIP: Net (NZD mn) -209,633.000 Dec 2023 quarterly Jun 2000 - Dec 2023
External Debt: Net (NZD mn) -149,667.000 Dec 2018 quarterly Jun 2000 - Dec 2018
Direct Investment Abroad: Stock (NZD mn) 27,769.000 2023 yearly 2001 - 2023
Direct Investment Abroad: Stock: Australia (NZD mn) 13,487.000 2023 yearly 2001 - 2023
Direct Investment Abroad: Stock: United Kingdom (NZD mn) 1,049.000 2023 yearly 2001 - 2023
Direct Investment Abroad: Stock: United States of America (NZD mn) 7,388.000 2023 yearly 2001 - 2023
Foreign Direct Investment: Stock (NZD mn) 150,270.000 2023 yearly 2001 - 2023
Foreign Direct Investment: Stock: Australia (NZD mn) 78,721.000 2023 yearly 2001 - 2023
Foreign Direct Investment: Stock: United Kingdom (NZD mn) 6,019.000 2023 yearly 2001 - 2023
Foreign Direct Investment: Stock: United States of America (NZD mn) 9,824.000 2023 yearly 2001 - 2023
Foreign Direct Investment: Stock: Netherlands (NZD mn) 3,880.000 2018 yearly 2001 - 2018
Foreign Direct Investment: Stock: Japan (NZD mn) 5,553.000 2018 yearly 2001 - 2018
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.5 Dec 2017 quarterly Mar 1996 - Dec 2017
Household Debt: % of GDP (%) 91.5 Dec 2023 quarterly Dec 1990 - Dec 2023
Money Supply M1 (USD mn) 70,530.739 Feb 2024 monthly Dec 2016 - Feb 2024
Money Supply M2 (USD mn) 246,307.575 Mar 2024 monthly Mar 1988 - Mar 2024
M2 Growth (%) 3.3 Feb 2024 monthly Mar 1989 - Feb 2024
Foreign Exchange Reserves (USD mn) 12,882.1 Mar 2024 monthly Sep 2005 - Mar 2024
Foreign Exchange Reserves: % of GDP (%) 4.716 Dec 2023 quarterly Sep 2005 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 3.6 Mar 2024 monthly Sep 2005 - Mar 2024
Gold Reserves (USD mn) 0.000 Mar 2024 monthly Dec 1950 - Mar 2024
Total Deposits (USD mn) 271,656.291 Feb 2024 monthly Dec 2016 - Feb 2024
Total Deposits Growth (%) 3.1 Feb 2024 monthly Dec 2017 - Feb 2024
Domestic Credit (USD mn) 356,892.3 Mar 2024 monthly Mar 1988 - Mar 2024
Domestic Credit Growth (%) 0.8 Feb 2024 monthly Mar 1989 - Feb 2024
Credit to Households (USD bn) 221.186 Sep 2023 quarterly Dec 1990 - Sep 2023
Credit to Private Non-Financial Sector (USD bn) 388.325 Sep 2023 quarterly Mar 1960 - Sep 2023
Household Debt (USD mn) 226,676.0 Feb 2024 monthly Dec 1990 - Feb 2024
Total Loans (USD mn) 340,916.239 Feb 2024 monthly Dec 2016 - Feb 2024
Total Loans Growth (%) 2.59 Feb 2024 monthly Dec 2017 - Feb 2024
Private Debt: % of Nominal GDP (%) 138.64 Dec 2023 quarterly Mar 1988 - Dec 2023
Depository Corp: Money Supply: Broad Money (NZD mn) 411,404.000 Mar 2024 monthly Mar 1988 - Mar 2024
Depository Corp: Money Supply: Broad Money: Narrow Money (NZD mn) 115,776.000 Feb 2024 monthly Dec 2016 - Feb 2024
Depository Corp: Domestic Credit (NZD mn) 593,452.000 Feb 2024 monthly Mar 1988 - Feb 2024
Official Reserve Assets: Foreign Currency Reserves (NZD mn) 17,259.191 Mar 2024 monthly Sep 2005 - Mar 2024
Official Reserve Assets (NZD mn) 27,116.973 Mar 2024 monthly Sep 2005 - Mar 2024
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -7.4 May 2023 monthly Aug 2003 - May 2023
House Price Inflation: Net Percent Expecting (%) 57.800 Mar 2024 quarterly Jun 2011 - Mar 2024
House Price Inflation: Net Percent Expecting Higher (%) -51.200 Mar 2024 quarterly Mar 2022 - Mar 2024
Performance Manufacturing Index (NA) 46.400 Mar 2024 monthly Aug 2002 - Mar 2024

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