Fire and Emergency New Zealand’s final firefighter has returned from deployment to Canada.
GDP decreases 0.9 percent in the June 2025 quarter – Gross domestic product: June 2025 quarter – Stats NZ news story and information release
Source: Statistics New Zealand
GDP decreases 0.9 percent in the June 2025 quarter
18 September 2025
New Zealand’s gross domestic product (GDP) fell 0.9 percent in the June 2025 quarter, following a 0.9 percent increase in the March 2025 quarter, according to figures released by Stats NZ today.
Activity decreased in the June 2025 quarter across 2 out of 3 high-level industry groups: goods-producing industries fell 2.3 percent, and primary industries fell 0.7 percent. Service industries were flat.
“The 0.9 percent fall in economic activity in the June 2025 quarter was broad-based with falls in 10 out of 16 industries,” economic growth spokesperson Jason Attewell said. “GDP has now fallen in 3 of the last 5 quarters.”
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- GDP decreases 0.9 percent in the June 2025 quarter
- Gross domestic product: June 2025 quarter
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Property Market – House price downturn fuels first home buyer momentum – Cotality
Property sales volumes fell for only the second time in 28 months in August, dropping by 5.2% compared to the same period a year ago, according to Cotality NZ’s Monthly Housing Chart Pack. (ref. https://www.cotality.com/nz/resources/downloads/monthly-housing-chart-pack )
It reveals that while the market is treading water, softening prices and improved affordability are creating valuable opportunities, particularly for first home buyers.
“The recent property value downturn, while a reminder of market caution, is creating a more favourable landscape for buyers,” said Kelvin Davidson, Chief Property Economist for Cotality NZ.
“We're seeing a clear shift in market composition, with first home buyers in their strongest position in two decades.”
First home buyers accounted for 27.5% of purchases over July and August combined, a testament to their resilience in the current climate.
Mortgaged multiple property owners also remained active, making up 24.6% of the market during the same period. Meanwhile, movers were quieter than usual.
Low-deposit lending to all owner-occupiers remained subdued at just 12.9% in July, well below the 20% allowance. This indicates that with house prices softening, a larger number of buyers are able to enter the market with a more substantial deposit, reducing their reliance on high-LVR loans.
“What might be discouraging for some property owners is beneficial for those on the other side of the coin,” Davidson added.
“The market is largely tracking sideways for now, but there are clear signs that momentum could build into next year.”
Highlights from the September 2025 Housing Chart Pack include:
- New Zealand’s residential real estate market is worth a combined $1.65 trillion.
- The Cotality Home Value Index shows property values across New Zealand edged down by -0.2% in August. This was the fifth modest fall in a row.
- The total sales count over the 12 months to August is 87,875.
- There are around 26,100 total listings on the market. The total number of properties listed on the market remains elevated, but a slow rise in sales volumes is gradually eroding stock levels.
- The pace of rental growth remains weak, with net migration having fallen a long way from its peak, and the stock of available rental listings on the market still elevated.
- Buyer Classification data shows first home buyers made up more than 27% of purchases over July and August combined, while smaller investors (‘Mums and Dads’) are having a comeback, targeting cheaper, existing dwellings.
- Mortgage lending activity continues to rise, with bank switching still popular as more borrowers roll off a series of short-term fixed loans.
- Gross rental yields now stand at 3.8%, which is the highest level since mid-2016.
- Inflation is back in the 1–3% target range and the economy is subdued. The Reserve Bank looks set to cut the official cash rate again in the coming months, possibly reaching 2.5% by year-end.
- The Chart of the Month for September highlights a controlled share of mortgage lending being done at a low deposit or high loan to value ratio. The falls in house prices mean that a given dollar deposit goes further, and reduces the need for higher LVR lending.
Balance of payments and international investment position: June 2025 quarter – update
Quarterly current account deficit $3.4 billion – Balance of payments and international investment position: June 2025 quarter – Stats NZ news story and information release
Gross domestic product: June 2025 quarter – update
Women’s Day of Action for Pay Equity – NZCTU
This Saturday 20 September, 132 years after women secured the right to vote, thousands of women and allies across the country are taking to the streets to rise up against the Government’s gutting of the pay equity system.
Unions, women’s organisations, and community groups have come together to organise the Women’s Day of Action for Pay Equity, a nationwide celebration of working women whose rights are under attack.
More than 20 events are being held from Whāngarei to Invercargill including marches, rallies, family friendly events, and community gatherings.
“132 years after women secured the right to vote in Aotearoa, we gather again in strength and solidarity,” said NZCTU Secretary Melissa Ansell-Bridges.
“Government has cancelled pay equity claims that would have eased the cost of living and lifted pay for more than 180,000 people. These are the people who provide the services that make life possible, such as schools, libraries, hospitals, aged care, and disability support.
“On Saturday we will make it clear that pay equity will be a central issue at the next election. No government can dismantle pay equity – we have won it before, and we will win it again.
“This is more than a protest – it is a celebration of the women who nurture, lead, and resist. It honours the suffrage legacy and amplifies our collective power to shape the future,” said Ansell-Bridges.
Details of nationwide events:
|
Whāngarei |
Laurie Hall Park |
11.30am |
|
Auckland |
AUT to Britomart |
11.30am |
|
Thames |
Cnr Pollen St & Pahau St |
10.30am |
|
Tauranga |
Mt Drury Reserve |
10.30am |
|
Hamilton |
Te Kura Nui O Rototuna High School |
11.00am |
|
Whakatāne |
The Gap – Whakatane Town Centre |
11am |
|
Gisborne |
Gladstone Road at the town clock |
10.30am |
|
New Plymouth |
Puke Ariki Landing |
12pm |
|
Napier |
Napier Soundshell |
11am |
|
Whanganui |
Whanganui Market Stall |
10am |
|
Palmerston North |
Clocktower in the Square |
1pm |
|
Levin |
Cnr Queen St & Salisbury St |
11am |
|
Masterton |
Town Hall Square |
11.30am |
|
Porirua |
Te Rauparaha Arena |
10am |
|
Wellington |
Midland Park to Parliament, followed by Wellington Cathedral |
10.30am |
|
Nelson |
Carpark between Burger King & Library |
11am |
|
Greymouth |
Dixon Park |
12pm |
|
Christchurch |
Victoria Square |
10am |
|
Timaru |
Artisan Market |
9.30am |
|
Dunedin |
Market Reserve |
11am |
|
Gore |
Eccles Street Playground |
12pm |
|
Invercargill |
Gala Street Reserve |
11am. |
First Responders – Fire and Emergency New Zealand crews respond to multiple fires across Canterbury region
Source: Fire and Emergency New Zealand
Fire and Emergency – King’s Birthday Honours recipients recognised
Fire and Emergency New Zealand volunteers from Oxford, Fox Glacier, Matatā, and Taihape were presented with their Royal Honours by Governor-General the Rt Hon Dame Cindy Kiro at Government House in Wellington today.
Ronald (Ron) Ealam (Oxford) – Member of the New Zealand Order of Merit (MNZM) for services to Search and Rescue
Marius Bron (Fox Glacier) – King’s Service Medal (KSM) for services to Search and Rescue and the community
Gavin Dennis (Matatā) – King’s Service Medal (KSM) for services to Fire and Emergency New Zealand and the community
Alan (Curly) Troon (Taihape) – King’s Service Medal (KSM) for services to Fire and Emergency New Zealand.

