Source: REINZ, Ray White Economics
A striking“ catch-up” pattern emerges among major cities, where centres that experienced the deepest corrections during 2022-2023 are now leading the recovery.
Auckland Central(+ 3.70 per cent) and Wellington City(+ 2.40 per cent) are demonstrating stronger annual momentum than Hamilton City(+ 1.40 per cent), whilst Tauranga City(-2.80 per cent) continues to work through its adjustment phase.
Christchurch emerges as the standout performer among major centres, delivering both strong annual growth(+ 3.20 per cent) and positive three-year performance(+ 1.40 per cent). This makes it the only major city to have successfully navigated both the pandemic boom and subsequent correction without significant value destruction, positioning it as the most resilient major urban market in the country.
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