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Environmental-economic accounts: Data to 2024 – Stats NZ information release
Property Market – February delivers strongest value lift in four months – Cotality
Source: Cotality
Property values across Aotearoa New Zealand increased by 0.2% in February. That remains a modest rise, but still the strongest since October last year, and more than reversing January’s small -0.1% drop.
Cotality NZ’s latest Home Value Index (HVI) also shows that the national median value in February of $806,697 was -1.2% lower than a year ago and still down by -17.3% from the peak in early 2022 – which was $975,540.
Trends across the main centres were more consistent in February. Kirikiriroa Hamilton and Ōtepoti Dunedin saw the strongest rises, both at 0.9%, while the rest of the main centres saw a lift in values in the 0.4%-0.6% range, except Tāmaki Makaurau Auckland’s was more modest (0.1%).
Cotality NZ Chief Property Economist, Kelvin Davidson said that February’s slightly stronger results were potentially a sign of things to come, but that it’s still early days.
“With sales activity trending upwards for some time now, mortgage rates down, and the economy showing signs of a pick-up, a re-emergence of modest gains in property values this year would not be a surprise.”
“The labour market probably holds the key, and most forecasts suggest that employment has already troughed, with the unemployment rate set to fall from now on.”
“That being said, a modest lift in national property values in a single month in February is nothing to get carried away about.”
“Given the cautious attitude that still prevails among both buyers and sellers, we’d need to see at least two to three more monthly increases before calling it a trend.”
“Moreover, even if that upswing does begin in earnest this year, values are still down more than 17% from their peak, with conditions remaining pretty favourable for first home buyers and those investors looking to start or expand a portfolio. On the flipside, many vendors will be getting prices below what they expected a few years ago.”
“The election campaign in 2026 and any discussion around property policies is yet to kick into full swing and that will certainly be a key focus in upcoming months. At this stage, the Middle East geopolitics may not influence the NZ housing outlook too much, but that’s obviously a watching brief.”
Tāmaki Makaurau Auckland
Tāmaki Makaurau Auckland was still a bit softer than many other parts of the country in February, but even so, all sub-markets were flat or slightly higher.
Rodney, Waitakere, and Auckland City avoided falls, while there were minor 0.1% lifts in North Shore, Manukau, and Franklin – with Papakura up by 0.2%. That small rise in Papakura was enough to make it the only sub-market in Auckland where values are slightly higher (0.3%) than three months ago in November.
Mr Davidson said, “it’s still very early days and a softer month or two at some stage in the near term could never be ruled out. That being said, Auckland’s housing affordability has improved significantly in recent years as values have dropped, alongside the favourable combination of lower mortgage rates and higher household incomes.”
“In other words, with affordability conditions better, and as listing numbers continue to fall, a modest lift in Auckland property values over the medium term wouldn’t be a surprise. It’s too early to say if February marks the start of that shift, but no doubt there’ll be many people watching very closely in our largest centre.”
Te Whanganui-a-Tara Wellington
The wider Te Whanganui-a-Tara Wellington area remained patchy in February, with Porirua down by -0.3%, and both Kāpiti Coast and Te Awa Kairangi ki Uta Upper Hutt seeing a minor -0.1% fall.
By contrast, Te Awa Kairangi ki Tai Lower Hutt was stable, and Wellington City itself (the largest market in this region) saw a solid 0.8% rise in values. That saw the quarterly change for Wellington City come in at 1.1%, and values are now only slightly down (-0.3%) from a year ago.
Mr Davidson noted, “economic and political uncertainty still seems to be lingering around Wellington, which is weighing on the property market. As the election becomes a stronger focus in the coming months, this situation may not change too much.”
“Still, Wellington City property values recorded a strong lift in February. It’s still early to call it a new trend, but better affordability conditions for buyers might set the stage for growth in the medium term.”
Regional results
Outside the main centres, property values strengthened in February, apart from minor -0.1% dips in Rotorua and Ngāmotu New Plymouth, alongside a flat result in Te Papaioea Palmerston North.
Elsewhere among the next tier of markets, there were more notable lifts in values in Tairāwhiti Gisborne (0.9%), Waihōpai Invercargill (1.1%), and Whanganui (1.2%).
“Alongside Ashburton, Timaru, Gore, and Southland District, Invercargill is the other part of the country where property values are at a new peak.
Affordability will be a factor in these areas, but the shape of the economy – with the primary sector performing well at present – will also be playing a role in supporting property values,” Davidson noted.
Property market outlook
Mr Davidson noted that the latest, cautious Monetary Policy Statement and recent cuts to longer-term mortgage rates by some banks could be buoying borrowers.
“Anyone with large debts will no doubt be pleased to see the Reserve Bank pushing back slightly on the suggestion that the OCR could rise sooner rather than later.”
“However, borrowing decisions are nevertheless still changing. As people anticipate a tightening cycle at some stage, there’s now 30% of existing loans fixed and not due to reprice for not at least a year, the highest share since February 2024.”
Looking ahead, property market activity levels should continue to increase this year, potentially bringing down the stock of listings on the market to some extent, and creating a bit more upwards pressure on house prices.
However, Mr Davidson also noted that “lending restrictions, particularly the debt-to-income ratios remain a guardrail in the background.”
“In addition, the physical stock of dwellings has recently risen relative to our population, which is an additional restraint on property value growth.”
“All in all, although the so-called animal spirits in the housing market have the potential to re-emerge at any stage and with little warning, a balanced view at present is for only modest growth in values this year,” Mr Davidson concluded.
For more property news and insights, visit www.cotality.com/nz/insights.
Notes:
The Cotality Hedonic Home Value Index (HVI) is calculated using a hedonic regression methodology that addresses the issue of compositional bias associated with median price and other measures. In simple terms, the index is calculated using recent sales data combined with information about the attributes of individual properties such as the number of bedrooms and bathrooms, land area and geographical context of the dwelling. By separating each property into its various formational and locational attributes, observed sales values for each property can be distinguished between those attributed to the property’s attributes and those resulting from changes in the underlying residential property market. Additionally, by understanding the value associated with each attribute of a given property, this methodology can be used to estimate the value of dwellings with known characteristics for which there is no recent sales price by observing the characteristics and sales prices of other dwellings which have recently transacted. It then follows that changes in the market value of the entire residential property stock can be accurately tracked through time.
The detailed ‘frequently asked questions’ and methodological information can be found at: https://www.cotality.com/nz/our-data/indices
Climate News – Monthly Climate Summary: February 2026
Source: Earth Sciences New Zealand
February dominated by a historic storm mid-month
February will be remembered for the “Valentine’s Storm” – a low-pressure system originating in the subtropics which deepened dramatically as it stalled near and to the east of the country in the middle of the month. Another low-pressure system with more limited impacts opened the month, and these two depressions dominate the overall monthly pressure anomaly. However, in between these systems there were some prolonged periods of settled weather over New Zealand.
Further highlights:
- The highest temperature was 33.6°C, observed at Hastings on 2 February.
- The lowest temperature was -0.7°C, observed at Waipara River North Branch on 28 February.
- The highest 1-day rainfall was 243 mm, recorded at Akaroa on 16 February.
- The highest wind gust was 241 km/h, observed at Cape Turnagain on 16 February.
- Of the six main centres, Tauranga was the sunniest, Auckland was the driest and warmest, Wellington was the wettest, and Dunedin was the coolest and least sunny.
- The sunniest four regions in 2026 so far are wider Nelson (555 hours), Taranaki (536 hours), Bay of Plenty (535 hours), and Tasman (529 hours).
Select Committee calls for online platform transparency and accountability – Amnesty International
Source: Amnesty International Aotearoa New Zealand
The Education and Workforce Select Committee has reported back on its inquiry into the harm young New Zealanders encounter online saying the current law is not adequate. It makes a range of recommendations including:
- Strengthen liability for online harm, e.g. for platform design, such as use of algorithms and infinite scroll features
- Establish an independent national regulator for online safety – the report states that effective regulatory change cannot be accomplished without an empowered regulator
- Regulate algorithmic recommendation systems
- Mandate algorithm transparency
“The Committee’s report strongly affirms that online harm is an urgent issue, that legal safeguards are needed targeting platform accountability and transparency, and the need for an independent regulator.
“The rise of the internet has opened up incredible possibilities. However, without proper regulations, we've witnessed the growth of digital platforms that can create harmful online environments impacting all of society, not just young people. From death threats, revenge porn, live-streamed terrorism, to complex financial scams, the harm is profound. But it doesn't have to be this way.
“The Committee’s report is clear, we can better protect all New Zealanders through such measures as transparency and accountability, overseen by an independent regulator.
“Search engines and social media platforms have been designed to promote content that drives engagement, regardless of its harmful effects. Therefore we would also like to see a duty of care introduced where companies must actively assess and mitigate risks with the aim of making online platforms safer by design. An approach countries like Australia and the UK, and the European Union are already doing,” says Anjum Rahman from the Tāhono Trust.
“We know the Government is considering the issue of online harm, but it shouldn't only focus on a social media ban for young people. While this was one of the Committee’s recommendations, the report was clear more is needed. Banning social media for young people doesn’t address the root causes of harm and places the burden of safety on young people and parents while allowing platforms to continue operating predatory business models. In addition, we’re very concerned that such a policy would mean people have to give away identity data, including biometrics. This in turn raises serious privacy questions about what happens with this data.
“Any plan that solely puts the burden on parents and young people while leaving the toxic architecture of these platforms untouched, will have failed so many New Zealanders,” says Lisa Woods from Amnesty International Aotearoa New Zealand.
Notably, the InternetNZ Insights Report explored people’s thoughts about AI – a feature of many online platforms. It was reported that 68% of people are concerned that AI is being used to produce harmful content with 65% concerned it’s being used for malicious purposes. 64% think there is insufficient regulation and law governing the development of AI.
“We need to create proper safeguards – pragmatic and effective law that upholds human rights, including free speech. Importantly in doing so the Government must keep at the forefront its obligations under Te Tiriti o Waitangi and work with Māori to develop appropriate regulation,” says Woods.
HortPlus announces key appointments to senior leadership team
Source: HortPlus
New Zealand agritech company HortPlus has today announced key appointments to its senior leadership team as it positions itself for growth and international expansion.
Director Mike Barley has been appointed Chief Executive Officer, Cody Ellingham has been named Chief Strategy Officer and Bailey Jewell has taken up the position of Chief Technology Officer.
The three bring decades of experience in the technology and horticulture industries and have a deep understanding of HortPlus, its customers and the global agri-tech landscape.
“I’m delighted with the expertise we’ve assembled, not just across our leadership team, but across the entire business,” Barley says.
“The coming year holds significant opportunities for international growth, expansion of our weather station network and groundbreaking new integrations between our flagship MetWatch weather and disease portal and other leading technologies and services.”
Last year HortPlus expanded its services to Fresh Berry Company by enhancing the well-known New Zealand berry producer’s industry-leading ‘Berry Harvest Planning Tool’, developed by HortPlus to make harvest planning and forecasting easier.
This follows recent collaborations with other major corporates, including Constellation Brands which harnesses HortPlus data to support crop protection decisions that improve sustainability, reduce crop losses and boost profitability.
“It’s a buzz to be providing services to household names that are growing the crops that so many people in New Zealand, and internationally, know well.
“As the twin waves of AI and data-driven technology continue to converge and more people embrace the value of data for sound horticultural and business decision making, I’m confident the tools we provide will only get more popular, and more powerful.”
Established in Hawke’s Bay more than 25 years ago, HortPlus now has offices in Hawke’s Bay and Wellington, with customers in horticulture regions globally as far away as Italy.
It manages a network of more than 1,000 weather stations across Australia and New Zealand and offers a wide array of consultancy and environmental data services. That includes its well-known online platform, MetWatch, used by thousands of growers in a wide variety of different horticultural sectors, as well as researchers and science bodies such as Bioeconomy Science Institute and Foundation for Arable Research, among others.
Fire Safety – Fire permits suspended ahead of hot weekend in Queenstown Lakes District
Source: Fire and Emergency New Zealand
Hot and windy weather has raised the fire risk in the Queenstown Lakes District to extreme, prompting Fire and Emergency New Zealand to suspend all fire permits in its Lakes Zone for the next three days.
District Commander Craig Gold says that any outdoor fire would cause an unacceptable risk to the community, firefighters and the environment.
“We have reached a critical point in the fire season, and safety is our top priority. With risk levels now exceeding safe operating limits for land management or recreational fires, we are suspending all active permits to protect our communities and our environment.”
The Lakes zone is already in a Restricted Fire Season, so the suspension of existing fire permits means that no outdoor fires can be lit from 8am tomorrow (Friday 6 March) until 9pm on Sunday (9 March).
People carrying out activities that can generate sparks, such as grinding or welding, should take extra care to do this well away from vegetation. Mowing, harvesting and similar activities should be done in the early morning or evening.
Local News – Full steam ahead for Porirua streamside planting programme
Source: Porirua City Council
More than 100,000 plants will go in the ground in Porirua this year as the city’s streamside planting programme to restore Te Awarua o Porirua Harbour shows no sign of slowing down.
The streamside planting programme, which launched in 2022, is a transformational project to create thriving habitats and improve the water quality of Porirua’s waterways and, ultimately, the harbour. Council is working in partnership with Ngāti Toa and collaborating with the regional council, Mountains to Sea, community groups, and supporting thousands of students across schools to take up the cause.
In 2026, there is $900,000 in funding – half from Ministry for the Environment and half from Porirua City Council – to restore habitat along our waterways, including putting 108,000 plants in the ground between May and October. This funding also ensures the continued maintenance and health of our previous years' plantings to guarantee long-term project success.
Planting will take place in Horokiwi, Pāuatahanui, Taupō swamp, eastern Porirua and Rangituhi.
Council’s Manager Urban Ecology, Daniela Baggio, says working with the community to care for nature and carry out planting is extremely satisfying.
“It’s going to be a busy winter for our Parks team and we are always looking to build on the previous years’ engagement,” she says.
“Schools and communities are really committed and engaged in the programme and I’m certain we will get willing volunteers out there, often on wet days, getting their hands in the ground as we look to improve the health of the harbour, which is one of our key priorities as a Council.”
Porirua Mayor Anita Baker says planting around Porirua’s streams and waterways was a huge boost for the harbour.
“We know what planting is needed and we’re making a huge effort each winter to make this happen. Our ongoing commitment to catchment restoration is part of the Porirua Harbour Accord, which was signed just over a year ago, uniting key partners to restore the ecological, cultural and environmental integrity of this precious taonga for Porirua.”
Other key focus areas of the Accord include improving water quality, restoring biodiversity, integrating sustainable water management with urban development, and addressing climate change impacts. Signed on 6 February, 2025, it is an agreement between Te Rūnanga o Toa Rangatira, Porirua City Council, Greater Wellington Regional Council, Wellington City Council and Wellington Water Ltd and other partners passionate about the harbour’s future.
Planting days and opportunities for the public to participate will be advertised on Council’s website and social media as they’re confirmed closer to May.
Streamside planting stats from 2025:
170,200 plants in the ground
1377 volunteer hours at three community days in Cannons Creek, Papakōwhai and Bothamley Park
53 schools (1564 students) attend 10 planting days
32.9 hectares of riparian and erosion prone land planted
Toitū launches national campaign: Climate Action = Smart Business
Source: Toitū Envirocare
Toitū Envirocare has launched a new national campaign built on a clear and commercial premise: Climate Action = Smart Business.
Aimed squarely at CEOs, directors and senior decision-makers, the campaign makes a direct case to New Zealand organisations that credible climate action is a driver of resilience, efficiency, market access and long-term value.
With more than 900 certified clients across Aotearoa New Zealand and internationally, Toitū is using the campaign to showcase organisations that have embedded emissions measurement and reduction into core strategy and are seeing measurable business outcomes as a result.
Featured organisations in the campaign include:
WM New Zealand: “Our partnership with Toitū Envirocare has helped us translate sustainability commitments into measurable business outcomes. Being featured in this campaign celebrates that journey,” says Sustainability and Communications Manager, Andrea Svendsen
Toyota New Zealand: “Sustainability is central to how we operate and innovate. As a valued partner of ours, Toitū Envirocare helps us verify our emission reduction targets to ensure we stay on track to creating a more sustainable future for New Zealand,” says Susanne Hardy, Assistant Vice President Marketing, Sustainability and Technology.
Silver Fern Farms: “We intentionally chose to position climate innovation as a core pillar of our Sustainability Action Plan, and this investment is paying off – delivering what our customers need and unlocking real operational efficiencies. Our partnership with Toitū Envirocare since 2018 has been fundamental in building the transparency, trust and rigour to turn ambition into action, and we are proud to share that in this new campaign.” says Chief Sustainability and Risk Officer, Kate Beddoe.
Each represents a different sector of the economy, but the same underlying principle: disciplined climate action strengthens commercial performance.
“Climate leadership is no longer optional for businesses that want to compete in domestic and export markets,” said Aisha Daji Punga, CEO of Toitū Envirocare. “Our clients are demonstrating that when emissions management is embedded properly, it drives operational discipline, risk reduction and stronger stakeholder confidence. That’s smart business.”
The campaign positions Toitū not as a marketing badge, but as a strategic partner helping organisations:
- Measure and verify emissions with credibility
- Set science-aligned reduction targets
- Strengthen procurement and supply chain positioning
- Meet growing investor, regulator and customer expectations
- Turn climate commitments into measurable business impact.
The multi-city rollout across Auckland, Wellington and Christchurch is supported by digital and targeted media designed to reach senior leaders where strategic decisions are made. However, the primary objective is engagement rather than visibility.
“Our focus is high-quality B2B conversations,” said Marnie Pitcher, General Manager of Marketing and Impact at Toitū. “Boards and executive teams are asking sharper questions about risk, resilience and competitiveness. This campaign answers that directly: credible climate action strengthens your business.”
As regulatory scrutiny, investor expectations and supply chain requirements continue to tighten globally, Toitū’s message is straightforward: organisations that act early and systematically will be better positioned than those that treat climate as a compliance afterthought.
For organisations evaluating their climate strategy in 2026, the question is no longer whether to act but how to act in a way that delivers measurable commercial return.
About Toitū Envirocare
Toitū Envirocare works with more than 900 organisations across New Zealand and internationally to measure, manage and reduce climate and environmental impact through internationally recognised certification programmes. As a government-owned, independent, ISO- and JAS-ANZ-accredited, science-led authority, Toitū provide services that translate climate ambition into measurable impact.
Note:
The Silver Fern Farms element of the campaign will roll out later in March. First up will be Toyota and Waste Management.
Millions of people across Somalia, Kenya and Ethiopia facing drought crisis, as cost of water increases by 2000% in worst hit areas – Oxfam
Source: Oxfam Aotearoa
- Failed October-December rains have pushed nearly 26 million people into extreme hunger in East Africa.
- 58 million people do not have access to clean drinking water.
- Millions of livestock are at risk as drought devastates grazing lands and water sources, threatening pastoralist livelihoods
Failure of the last rainy season across Somalia, Kenya and Ethiopia is triggering a food and water emergency for millions of people still trying to recover from the longest and most severe recorded drought spanning from 2020 to 2023 during which five rainy seasons in a row failed. Dry wells, soaring water prices, crop losses and livestock deaths are pushing communities to the brink, warns Oxfam.
Across the three countries, nearly 26 million people are facing extreme hunger as drought conditions worsen, decimating crops before harvest and leaving livestock to die from lack of water and pasture. Deepening water scarcity is also driving displacement with more than 58 million people lacking access to clean water. As rivers and shallow wells dry up, families – most often women and girls – are forced to walk up to 15 kilometers for a single 20-liter jerrycan while soaring prices put water trucking beyond reach for many families.
In parts of Somalia, Oxfam staff and partners report that the cost of water has increased by more than 2000 percent. Families are now paying between $1 and $1.50 for a single jerrycan of water, compared to $0.06 a year ago. For families who have already lost their crops, livestock and sources of income, water is now unaffordable. In Hobyo town, north of the country’s capital, communities are relying on water trucked from Gawaan village, located 30 kilometers away. High transportation costs are driving up prices even further.
Fati N'Zi-Hassane, Oxfam in Africa Director, said: “Water trucking is becoming the last line of defence, but for many families who can’t afford even one meal a day for their children, paying for water is simply impossible. For women and girls, the crisis is particularly severe as they now have to walk longer distances, often in unsafe conditions, to secure what should be a basic human right.”
In Somalia, a new Integrated Food Security Classification (IPC) alert revealed that the number of people facing hunger has nearly doubled since early 2025, rising to 6.5 million people. One in three people in the country are expected to be in crisis level hunger between February and March 2026. Levels of acute malnutrition have more than doubled, with communities struggling to survive as the climate crisis deepens.
In Kenya’s arid and semi-arid areas, communities are reporting reduced harvests while in Ethiopia, some areas are reporting crop losses due to the failure of the last two rainy seasons, leaving households empty-handed. FEWSNET estimated that some regions had suffered production losses of 34 to 54 percent due to a severe rainfall deficit.
Livestock, the backbone of pastoralist communities, are dying in large numbers as water and grazing lands completely dry up. In Somalia alone, an estimated 1.4 million livestock died in 2025, with another 2.5 million at risk. In Kenya’s northern counties, animal deaths from starvation and disease are rising while milk production has dropped by more than half, stripping families of their main source of food and income while in Ethiopia, poor rains have weakened livestock.
The deepening crisis is unfolding amid severe humanitarian funding gaps. While needs have surged across East Africa, funding has declined sharply leaving millions of families to fend for themselves. In 2021, Somalia, Kenya and Ethiopia required $2.65 billion in humanitarian aid, with just under 61 percent funded. In 2025, less than one-third of overall humanitarian requirements were met. In Somalia, the 2025 Humanitarian Response Plan received only 29 percent of the required funding while the 2026 has secured barely 13.4 percent so far.
“The upcoming dry season will not just be difficult – it could be the final blow pushing communities beyond the point of recovery. Urgent funding is needed now to save lives across the region. Communities here have contributed almost nothing to global climate crisis, yet they are paying the highest price. Families are fighting every day to survive its consequences. We can’t fail them,” said N’Zi-Hassane.
Across Somalia, Kenya and Ethiopia, Oxfam is working with local partners to deliver life-saving water, hygiene kits, cash assistance and protection support in hard-to-reach and most severely affected communities.
Notes
According to the WHO/UNICEF JMP 2025 report, access to drinking water varies significantly across the Horn of Africa.
- Somalia: 22 percent (4.2 million people) rely on unsafe water.
- Kenya: 8 percent (4.5 million) rely on unimproved water.
- Ethiopia: 37 percent of the population rely on unimproved water.
The total figure of people requiring food assistance by mid-2026 in Somalia, Kenya and Ethiopia is between 24.5 to 25.9 million people. Calculations from data below:
- According to the IPC, a staggering 6.5 million people in Somalia are estimated to be facing high levels of acute food insecurity-nearly double the number recorded in August 2025.
- FEWS NET estimates 3.0 to 3.49 million people in Kenya will require humanitarian food assistance between October 2025 and May 2026, driven by poor short rains.
- FEWS NET: food insecurity in Ethiopia remains severe, with up to 15-15.9 million people expected to need urgent food assistance by July 2026 amid Crisis and Emergency conditions, driven in part by significant drought-related production losses of 54% in East Hararghe and 34% in West Hararghe due to rainfall deficits.
- The loss of 1.4 million livestock in Somalia was reported by WFP and the estimate of the 2.5 million being at risk is from OCHA.
In 2021, Kenya’s drought flash appeal received $29.5 million of the $69.7 million required (42 percent), Somalia’s Humanitarian Coordinated Plan received $862.3 million of the $1.092 billion required (79 percent) and Ethiopia’s Humanitarian Coordinated Plan received $719.1 million of the $1.488 billion required (48.3 percent).
Somalia Humanitarian Coordinated Plans Funding for 2025 saw $412 million of the required $1.42 billion (29 percent) and for 2026 to date $119.2 million has been raised of the $825 million required (13.4 percent).