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Advocacy – 95 New Zealand Lawyers Call for Stronger Govt Stance on Israel Amidst Rising Tensions in Middle East

Source: Max Harris
Ninety-five New Zealand lawyers – including 9 King’s Counsel – have signed a letter to the Prime Minister and other ministers urging the Government to consider a stronger stance against Israel’s actions in Gaza.
The letter has been sent amidst rising tensions in the region, following Israel’s surprise attacks on Iran, and Iran’s attacks on Israel in response.
The letter’s signatories come from all levels of seniority in the legal community including senior barristers, law firm partners, legal academics, and in-house lawyers.
The letter cites UN sources that document the steadily deteriorating plight of civilians in Gaza, featuring escalating levels of bombardment, forced displacement, blockades of aid and deliberate targeting of hospitals, aid workers and journalists, and notes key responses to date.

In September last year New Zealand voted in favour of a UN General Assembly resolution calling upon all UN Member States to comply with their obligations under international law and take concrete steps to address Israel’s ongoing presence in the Occupied Palestinian Territory. At the time, New Zealand noted it expected Israel to take meaningful steps towards compliance with international law including withdrawal from the Occupied Palestinian Territory. The letter comments that Israel has done nothing of the sort.

The letter goes on to point out that in May this year Independent UN Experts demanded immediate international intervention to “end the violence or bear witness to the annihilation of the Palestinian population in Gaza.” UN experts have observed the occurrence of over 52,535 deaths, of which 70 percent continue to be women and children. The Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator, Tom Fletcher has called for a response “as humanitarians” urging “Humanity, the law and reason must prevail”.
The letter urges the Government to consider a stronger response including to condemn Israel’s unlawful presence in the Occupied Palestinian Territory, to review immediately all diplomatic and political and economic ties with Israel, and to go further in imposing sanctions after New Zealand imposed sanctions on two extremist Israeli politicians.
One of the letter’s signatories, barrister Max Harris, says: “This letter reflects rising concern among the general community about Israel’s breaches of international law.”
“The Government has tried to highlight red lines for Israel, but these have been repeatedly crossed, and it’s time that the Government considers doing more, in line with international law,” adds Harris.
Aedeen Boadita-Cormican, another barrister who has signed the letter, says: “The Government could do more to follow through on how it has voted at the United Nations and what it has said internationally.”
“This letter shows the depth of concern in the legal community about Israel’s actions,” adds Boadita-Cormican.
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First Responders – New World Victoria Park fire update #4

Source: Fire and Emergency New Zealand

The New World Victoria Park fire is now contained, but Incident Controller Shaun Thornton says operations will continue overnight to extinguish it.
“Crews have been able to access inside the building, which has helped us get the fire contained,” he says.
There are 15 trucks and support vehicles. Two of those are aerials, with the Hamilton aerial now returning to its station in Hamilton.
The smoke has reduced considerably, and the Stay Inside Emergency Mobile Alert has been lifted.
“Road closures remain in place, please continue to avoid the area,” Shaun Thornton says.
“We are making progress removing cars from the carpark. If customers have a car in the New World carpark they are advised to see the Fire and Emergency New Zealand personnel at the cordon at the bottom end of Franklin Rd who are coordinating the retrieval of vehicles.”
This will be the final update for the night unless there is a significant development.
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Government must urgently rule out Ute Tax 2.0 – Federated Farmers

Source: Federated Farmers

Federated Farmers is calling on Revenue Minister Simon Watts to urgently rule out changes to Fringe Benefit Tax (FBT) that would cost every farmer thousands of dollars each year.
Inland Revenue has proposed major changes to the way FBT applies to utes, which are common and essential work tools for most farmers across New Zealand.
“This could very quickly become a ‘Ute Tax 2.0’ and it seems to be being pushed through by stealth,” says Federated Farmers transport spokesperson Mark Hooper.
“Farmers will be incredibly concerned that the government are consulting on new rules that could add thousands of dollars of additional tax payments each year.
“This would be a huge cost for farmers, tradies and other productive New Zealanders and unfairly punish the legitimate use of these work vehicles.
“The previous Government’s Ute Tax was bad enough, but at least that was a one-off cost. These new FBT charges would be annual and cost farmers an arm and a leg each year.”
Under the proposal, utes costing over $80,000 and provided to farm owners or other major shareholders would be taxed at 100% of their value (capped at $80,000), even if used almost exclusively for farm work.
That would result in an annual tax bill of between $5,500 and $8,200.
Everyone else, like employees and sharemilkers, would be taxed on 35% of the ute's value. That's around $1,800 to $2,700 annually for a $50,000 vehicle.
“The old system at least allowed people to keep logbooks and potentially pay less tax if the private use was genuinely small,” Hooper says.
“Now the Government wants to scrap all that and slap a flat tax on nearly every farm ute in the country, even if the ute almost never leaves the farm except to drive home.”
Federated Farmers says the proposal completely ignores the reality of how farmers use their vehicles, often crossing public roads between blocks or driving into town for supplies at Farmlands or the vet.
“These are not Queen Street vanity purchases. A four-wheel drive ute is a core piece of equipment that farmers need to do their job each day,” Hooper says.
“If it leaves the farm to get fencing gear or pick something up from the vet, that’s still work. But under these new rules, it would be taxed as private use.”
The IRD consultation period closed on 5 May, but Federated Farmers says the lack of clear direction from the Minister is causing anxiety in the rural sector.
“The recently announced Investment Boost tax deduction was incredibly well received by farmers and has generated real economic activity, particularly at Fieldays,” Hooper says.
“Unfortunately, all that good work risks being undone if the Government is giving with one hand and taking with the other.
“We understand this is just a proposal and no final decisions have been made, but we’re calling on Simon Watts to move quickly and take these potential FBT changes off the table.
“There’s no way the Government should be introducing taxes that would unfairly punish farmers for driving legitimate work vehicles.”
Federated Farmers is calling on Revenue Minister Simon Watts to categorically rule out the Ute Tax 2.0.
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First Responders – New World Victoria Park fire update #3

Source: Fire and Emergency New Zealand

The fire at New World Victoria Park is not yet under control, with firefighters facing challenges in reaching the fire.
Crews were alerted by fire alarm activation to the fire around 11.18am. Currently there are 20 trucks and support vehicles are on the scene, with further resources still responding.
This includes the Hamilton aerial appliance, which has been deployed as backup for the three Auckland aerials already in use.
Incident Controller Vaughan Mackereth says the fire is currently burning on the mezzanine floor and in the roof.
“This means accessing it is difficult for our crews,” he says.
“We are only fighting the fire from outside the building as it is too dangerous at this stage for internal firefighting.
“We are expecting to be here into the evening and overnight.”
All persons have been accounted for.
The public is advised to continue to avoid the area, with the roads around the supermarket closed.
An Emergency Mobile Alert was issued for people southwest of the fire to stay inside with their windows and doors closed due to the smoke.
Fire Investigators are on scene but it is too early to speculate on the cause.
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Environment – EPA seeks feedback about new weedkiller for wheat and barley crops

Source: Environmental Protection Authority

The Environmental Protection Authority (EPA) wants feedback on an application to import or manufacture Tower, a new herbicide used to control certain broadleaf and grass weeds in wheat and barley crops.
Adama New Zealand Limited has applied to introduce the new herbicide, which contains the active ingredients:
– chlorotoluron at 250 g/L
– pendimethalin at 300 g/L
– diflufenican at 40 g/L.
Chlorotoluron is a new active ingredient to Aotearoa New Zealand. It has been approved in Europe. Pendimethalin and diflufenican have previously been assessed and substances containing these active ingredients are already approved for use in New Zealand.
Adama says the product offers a new mode of action and should reduce the risk of resistance developing when used as part of an integrated weed management programme.
Almost 100,000 hectares of New Zealand land is used for wheat and barley production. Annual crop sales total around $300 million for both crops combined.
The EPA has carried out a human health and environmental risk assessment and is now inviting submissions on this application.
If approved, Tower could only be used by professionals in commercial settings using ground-based application. It would be applied after sowing and before wheat and barley plants emerge.
Dr Lauren Fleury, EPA Hazardous Substances Applications Manager, says the EPA is making strong progress to boost efficiency in assessing applications, with eight applications for new active ingredients currently in progress.
“We understand the importance of timely access to new products. Since 1 July 2024, we have reduced the queue of hazardous substance release applications by 21 percent, and we are on track to complete the highest number of decisions in five years.”
Submissions close on 30 July.
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Legislation – Luxon’s ACT Party Government dragging NZ workers back in time – Workers First Union

Source: Workers First Union

Today’s introduction of the Employment Relations Amendment Bill to Parliament shows that the ACT Party – a fringe libertarian party with the support of fewer than one in ten New Zealanders – is now the leading force in Christopher Luxon’s “hands-off” Government and has been given a green light to drag Aotearoa backwards with a disastrous suite of anti-worker 'reforms'.
“It’s clear that Brooke van Velden and the ACT Party are now redefining the future of workers in New Zealand with the blessing of a negligent Prime Minister,” said Dennis Maga, Workers First Union General Secretary.
“These are the most significant anti-worker law changes that this country has seen in decades, and they will make life worse for every working person in the country to the benefit of exploitative employers.”
“This Bill ‘am

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First Responders – New World Victoria Park fire update #2

Source: Fire and Emergency New Zealand

Firefighters are continuing to respond to the fire at New World Victoria Park in Auckland.
Sixteen trucks and a Command Unit are in attendance as at 12.30pm, with trucks brought in from as far away as Devonport, Titirangi and Papatoetoe to provide additional personnel.
Two aerial trucks are working above the fire to bring it under control.
The public is advised to continue to avoid the area, with the roads around the supermarket closed.
Smoke is drifting up into Ponsonby area and towards Grey Lynn. Residents impacted by the smoke are advised to close their windows and doors and avoid going outside if possible.
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Swiss Government Fails to Act on "Nagorno-Karabakh Peace Forum" – CSI

Source: Christian Solidarity International (CSI)

CSI supports the Swiss sponsored peace negotiations between the Azerbaijani Government and representatives of the forcibly displaced Armenian Christian population of Nagorno Karabakh as required by the Swiss parliament. However, the Council of Ministers angered Swiss parliamentarians by tacitly accepting Azerbaijan's ethno-religious cleansing of Nagorno Karabakh and refusing to communicate with representatives of the expelled population.

Responding to questions by Lower House member Erich Vontobel (EDU), the Swiss Federal Council, headed this year by Karin Keller-Suter, stated on June 10 that “the Foreign Ministry is currently unable to plan the organization of a forum” as mandated by Parliamentary Motion 24.4259. The government cited Azerbaijan's refusal to acknowledge the existence of the ethnically and religiously cleansed Nagorno-Karabakh and its rejection of a peace forum aimed at enabling the return of the 120,000 forcibly displaced Armenian Christians. Thus, the government made future Swiss monitoring and mediation efforts contingent on the consent of the very regime responsible for the expulsion.

The response sparked strong criticism in Parliament. Lawmakers had explicitly tasked the government with “enabling open dialogue between Azerbaijan and representatives of the Nagorno-Karabakh Armenians” to negotiate conditions for the safe return of the displaced. The Federal Council is ignoring the core of Parliament's mandate: giving those affected a voice in the peace process.

At the end of May, 19 members of the Swiss Parliament established the cross-party Committee “Swiss Peace Initiative for Nagorno-Karabakh” for the purpose of supporting the Swiss government's mandate to initiate a peace forum between Azerbaijan and the representatives of the displaces population of Nagorno Karabakh with a view to creating conditions for their safe an dignified return.

Committee Co-Chair Stefan Müller Altermatt (Mitte) declared: The Council of Ministers must not be satisfied with a 'no' from Baku. Switzerland must now demonstrate that it is serious about its role as a neutral mediator.” Müller-Altermatt reminded the Swiss Foreign Ministry that Nagorno Karabakh remains on the agenda of the Organization for Security and Co-Operation in Europe (OSCE) and offers proven mechanisms to support such a forum at the international level – mechanisms that it should actively use.

The displacement of 120,000 Karabakh Armenians in autumn 2023 represents a clear violation of international humanitarian law. “Switzerland, as the depositary state of the Geneva Conventions, cannot turn a blind eye when an entire people is expelled from their homeland. Otherwise, we lose our credibility,” warns Committee Co-Chair Erich Vontobel, demanding: “The Federal Council must fulfil its parliamentary mandate!”

“CSI cannot accept that a state that has committed religio-ethnic cleansing can place a veto on Switzerland or any other state engaging in peaceful dialogue with representatives of a forcibly displaced community”, stated CSI's International President Dr. John Eibner. He furthermore pledged that CSI will continue to press for Azerbaijan to engage in constructive dialogue with representatives of the expelled Armenian Christian population about their return to Nagorno Karabakh with fundamental human rights guaranteed.

Christian Solidarity International (CSI) is a Christian human rights organization promoting religious liberty and human dignity.

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Green’s fiscal strategy opportunity to debate new thinking on public investment – Better Taxes

Source: Better Taxes for a Better Future

The Better Taxes for a Better Future campaign welcomes the recognition in the Green Party's Fiscal Strategy of the importance of government capability in building an economy and society that delivers what our communities need. Its fiscal strategy is a significant contribution towards moving thinking on from the fiscal conservatism and market fundamentalism that has dominated the conversation but has not delivered.

“For the last 40 – 50 years governments in New Zealand have underinvested in public infrastructure and services which would support the kind of economic and social development that would enable our communities to thrive. We need to promote debate about different ways of doing things, about 'economics as if people mattered',” says Glenn Barclay, campaign spokesperson.

“The Green's discussion document is a serious starting point for that conversation.  We strongly support the recognition of the wider value of public expenditure to the economy. We need to be able to have a mature debate about growing tax revenue and the use of borrowing as sound economic strategies that are open to us.”

“We have relatively low levels of public debt compared with other OECD countries – in 2024 the IMF ranked us as having the 6th lowest net debt as a proportion of GDP among advanced economies – and room to make wise decisions about borrowing more to invest in public infrastructure that will help to build a productive economy into the future. Government investment now would also help us get out of the current recession and relieve the pressure people are experiencing,” says Glenn Barclay.

“But we cannot rely solely on debt to build government capability. We need to grow our tax revenue to provide the vital public services upon which people and the economy rely, and to alleviate poverty and inequality. The revenue must be raised in a way that ensures those who can afford to contribute more to the common good do, while addressing the impact of tax on the least well off.”

“As the Green's discussion document points out, underinvestment now in infrastructure, in our people and in responding to climate change, risks much more significant costs to address these challenges in the future. Underinvestment and deteriorating services may well create a greater risk than a moderate increase in the government's debt level,” says Glenn Barclay.

“Successive governments have made choices about fiscal management that have been driven by rigid thinking. That thinking has failed to support a productive economy that meets the needs of our people now and into the future. It is time that we made better choices, for a better future for New Zealanders.”

The Better Taxes for a Better Future Campaign is a coalition of over 20 organisations led by Tax Justice Aotearoa.

We believe that tax reform is the only solution to the current challenges facing Aotearoa NZ.  We need the tax system to:

be transparent
raise more revenue to enable us address the challenges we face
make sure people who have more to contribute make that contribution: that we gather more revenue from wealth, gains from wealth, all forms of income, and corporates
make greater use of fair taxes to promote good health and environmental health
address the tax impact on the least well off in our society.

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Property Market – NZ housing market steadies as sentiment cautiously lifts – QV

Source: Quality Valuation (QV)

The rate of decline in the housing market has slowed again, with national residential property values largely holding steady throughout May.

Our latest QV House Price Index shows nationwide values have inched up just 0.1% to a new national average of $913,772 in the May quarter. That figure is 1.1% lower than the same time last year and 14.1% below the market’s peak in late 2021.

Across New Zealand’s main urban areas just Whangarei (3.2%), Hastings (1.1%), Nelson (1.1%), and Christchurch (1.3%), recorded average home value growth in excess of 1% throughout the three months to the end of May 2025. Hamilton (0.5%), and Tauranga (0.2%) values rose slightly. While Auckland (-0.5%), Wellington (-1.7%), Palmerston North (-0.9%), and Dunedin (-0.8%), recorded losses.

QV operations manager James Wilson said, “The housing market is still softening, but doing so at a slowing pace with signs of tentative confidence beginning to surface.”

“With interest rates easing and more owner-occupiers re-entering the market — particularly in the middle and upper-middle brackets — we’re observing a return to activity in the main urban centres. This has helped stabilise national values and reduced the number of areas experiencing declines.”

“Investor activity is also picking up, especially in lower-value and regional markets. This, combined with steady demand from first-home buyers, is starting to generate subtle competitive pressures. However, high stock levels and cautious vendor expectations are still keeping price growth in check.”

“Ongoing global uncertainty, including from US trade tariffs and escalating conflicts, along with local concerns about job security are still contributing to a climate of caution,” Mr Wilson said.

“While we don’t expect a dramatic winter upswing, it’s likely we’ll see growing buyer engagement as confidence continues to build.”

Download a high resolution version of the latest QV value map here.

Northland

The Northland market has seen an upswing in the second quarter of the year with values up 2.2% and the average value across the region is $738,936. Values are now 0.9% lower than they were in May last year, and 10.0% below the previous peak of late 2021.

In the three months to May, the Far North rose 1.7% and the average home there is now worth $705,192. In Whangarei, the average value is $738,441 after a quarterly lift of 3.2%. While in Kaipara, it is $834,628 after a slight 0.1% lift over the quarter.

Auckland

The Auckland property market remains subdued and while overall momentum remains weak, there are signs of divergence emerging at the local level with some areas seeing growth. The average home across the Super City is now worth $1,240,029, 2.2% less than a year ago and 19.1% lower than the market’s peak in late 2021.

In the May quarter values increased in Papakura (1.3%) and in the local council areas previously known as Auckland City (0.4%). Other parts of the super city saw values continue to decline over the quarter; Manukau (-1.2%); North Shore (-1.0%), Franklin (-0.9%), and Waitakere (-0.1%).

Local QV Registered Valuer, Hugh Robson said, “Many Auckland suburbs continue to have high levels of housing stock on the market and agents report low attendance numbers at open homes and auctions.”
 
“Despite this, there is increased activity from first time buyers, due to falling interest rates and mainly in medium to lower value areas and higher value suburbs are seeing less activity than lower value suburbs.”
 
“New multi-unit developments continue to be built (with many developments just starting) and there’s a notable increase in investment properties on the market. The Auckland rental market appears to have stabilised with rents not rising or falling rather ‘flat-lining’ now.”
 
Waikato

The latest QV House Price Index shows Hamilton’s average home is now worth $791,909, with values bucking recent downward trend, rising 0.5% over the past three months. Values are now 0.5% higher than this time last year and 13.9% lower than the previous peak of late 2021.

QV Property consultant Marshall Wu said, “Hamilton experienced a modest lift in home values during May and these gains coincide with stabilising listings levels, though a significant volume of unsold inventory continues to linger on the market.”

“While easing mortgage rates, improving sentiment, and income growth are all supportive factors, they are being met with strong headwinds,” he said.

“Persisting affordability challenges, rising unemployment, and softer population growth are all contributing to a more cautious outlook for would be buyers.”

The Waikato region has also turned a corner, up 0.6% in the May quarter and home values are 0.5% higher than the same time last year. The average home value across the region is now $817,249.

Hauraki values jumped 5.1% over the May quarter and are 6.1% year on year; while Thames/Coromandel rose 1.5% and Waikato District was up 0.5% over the past three months.  

Waitomo District also continues to see values jump with a quarterly increase of 8.6%; Ōtorohanga and Waipa districts, also recorded gains of 4.6% and 0.8% respectively. While South Waikato values decreased 3.5% over the quarter.
 

Bay of Plenty

Home values rose in Tauranga by 0.2% over the past three months. The city’s average home value is now $1,002,458, which is 0.8% lower than at the same time last year.

The Bay of Plenty region saw a 0.1% quarterly decrease to a new average value of $886,186 which is 0.5% lower than a year ago. Gisborne saw quarterly growth of 0.5%, Kawerau District rose 0.3%. In contrast, Opotiki District saw the largest drop in the region, with a 3-month decline of 5.7%, while Whakatane was also down 1.5%, and Rotorua held relatively steady dipping just 0.1%.

Hawkes Bay

Napier City home values rose 0.4% over the past three months to a new average value of $760,109 which is 0.7% lower year on year. Hastings values rose 1.1% over the past three months to a new average of $768,689 which is 3.1% lower than the same time last year.

Wairoa has seen one of the highest increases in the country rising 7.4% in the three months to May and 10.8% year on year to a new average value of $447,895. While, Central Hawke’s Bay experienced the greatest downward trend in the region, dropping 5.1% over the quarter and 7.2% year on year with a new average value of $532,315.
 

Taranaki

Home values in New Plymouth are down 0.3% in the May quarter and are 0.4% higher year on year. The average home there is now worth $723,486. Meanwhile, values shot up by 7.0% in South Taranaki over the quarter to May to a new average value of $447,255; while Stratford edged up 0.3% to $476,773.

QV Local Registered Valuer, Danny Grace said, “The residential property market in New Plymouth is more stable with improved levels of activity over the recent months, more interest from buyers, and agents are feeling more confident.”
 
“The lower end of the market is more active, with less interest in the higher priced properties. Values in Stratford and South Taranaki are also more stable, but activity in New Plymouth is stronger,” he said.
 
Palmerston North

Home values in Palmerston North dipped 0.9% over the May quarter and homes there are now worth on average $632,309, which is 1.3% lower than this time last year.

Local QV Registered Valuer Olivia Betts said, “The market remains steady, with minimal price fluctuations. February and March saw a notable increase in new listings, giving buyers more options and greater leverage. This boost in inventory was accompanied by a rise in sales activity—an expected trend ahead of the quieter autumn and winter months.”

“A clear divide continues to emerge between different property types. Homes with outdated features are proving harder to sell and tend to stay on the market longer. In contrast, renovated properties with modern amenities are in higher demand, particularly among buyers seeking convenience and updated living spaces,” she said.

“This preference is especially strong among first-home buyers targeting homes in the mid-$500K range, ideally built or refurbished within the last 20 years.”

“Overall, while the market is experiencing a slight softening, it remains balanced. A typical seasonal slowdown is anticipated through winter, with increased activity expected to return in spring.”

Wairarapa

Home values are rising in some areas and continuing to decrease in others in the Wairarapa region.

Our latest QV House Price Index shows Masterton’s average home value has reduced by 1.3% this quarter to $571,778. Carterton’s average home rose in value by 2.1% to $634,158 and home values in South Wairarapa reduced by 1.2% to a new average of $747,407. The average home across the region is now worth $623,103, 2.3% less than the same time last year.

Wellington

Residential property values have continued their downward trend across Wellington this quarter. The region’s average home value decreased by 1.4% to $829,215, which is 4.9% lower year on year and 25.4% below the previous peak of late 2021. All the areas saw values decrease over the May quarter: Wellington City fell 1.8%; Hutt City was down 2.3%; Porirua dropped 1.4%; and Upper Hutt dipped slightly by 0.2%.

QV Senior Consultant, David Cornford said, “Values have tracked backwards slightly over the last few months in the Wellington region and the market continues to be relatively soft as we head into the winter months.”
 
“Despite interest rates now being significantly lower, these rate drops have not correlated to an increase in property values and it’s likely the region will require economic conditions to improve before we see a strengthening market,” he said.
 
“There continues to be ample properties on the market giving buyers, plenty of choice. First home buyers are active, while there is a lack of activity from investors.”

Nelson-Tasman-Marlborough

Values in Nelson are bucking the downward trend seen in many other main centres, recording quarterly growth of 1.1% and 3.2% year on year. The average home in the city is now worth $802,332.

Tasman values also rose 1.0% over the quarter to a new average of $823,131, while Marlborough posted a slight quarterly increase of 0.8%, with homes there on average worth $700,892.

QV Nelson/Marlborough manager Craig Russell said in Nelson and Tasman the majority of activity is in the $500,000-$800,000 price bracket. “Often there are multiple offers and the majority of purchasers in this price bracket are first home buyers.”
 
“A number of investors are selling properties which they’ve held as rentals for a number of years which is likely due to these investors wanting to free up capital, or obtain better returns elsewhere, after a period of no capital growth,” he said.
 
“The number of properties on the market remains elevated as we enter the seasonal downturn in activity. Section sales are slow, particularly in hillside suburbs as high building costs restrict buyers.”

West Coast

Housing figures continue to fluctuate from month to month and quarter to quarter on the West Coast.

Our QV House Price Index for May shows the Westcoast region saw values rise 3.9% over the past three months to a new average value of $433,345 which is a 4.6% increase year on year and 18.8% higher than the nationwide market peak of late 2021.

Average home values in Buller were up 10.5% over the past three months to $384,407, while Westland also rose 4.3% to $474,046; while values in Grey dipped 0.2% to $446,520.

Canterbury

Christchurch’s average home values rose 1.3% in the May quarter to $779,866. This is an annual increase of 1.2% values are now 1.8% higher than the previous nationwide peak of late 2021.

Hurunui values saw a quarterly increase of 0.7% to a new average of $645,936, which is 1.8% lower year on year. While Waimakariri recorded a modest increase of 0.2% to an average value of $720,376 which is 0.7% higher than in May last year.

Local QV registered valuer, Olivia Brownie said, “The property market in the Canterbury Region remains stable, with buyers showing commitment to purchases and sellers pricing realistically. We continue to see a small consistent positive market movement across the region as a whole.”

“Whilst the rate of new listings coming onto the market is cooling down, there are still strong sales with ample listings and stable prices benefiting both parties with time and choice,” she said.

“More recently the most active buyer groups have been mortgaged owners and investors as lending and borrowing conditions have eased.”

Dunedin

Our QV House Price Index for May 2025 shows values have dipped (-0.8%) over the past quarter and (-0.9%) year on year. The average home is now worth $640,125 which is 11.5% lower than the peak of late 2021.

Local QV Registered Valuer Baylan Connolly said, “The townhouse market continues to see the trend away from investors to owner occupiers with the majority of townhouse developments being focused in the higher valuer areas in the city including Belleknowes, Roslyn, Maori Hill, and the fringes of Andersons Bay.”
 
“The South Dunedin Future initiative, a joint effort between the Dunedin City Council (DCC) and Otago Regional Council (ORC), recently released a detailed hazard assessment and a long-term strategy outlining multibillion-dollar adaptation options,” he said.

“While developers acknowledged this work, they emphasised the need for concrete action to restore market confidence. The rising cost of insurance, especially in flood-prone areas, is a major consideration for buyers, investors, and developers. Higher insurance premiums are discouraging development in high-risk areas and increasing demand for properties in elevated suburbs.”

“The gradual reinstatement of interest deductibility is improving investor sentiment, though it has not yet led to a full resurgence in investment demand.”

Queenstown

Our QV House Price Index for May shows the average value in the Queenstown Lakes District remains the highest in Aotearoa, New Zealand despite a downward trend emerging in the market there. Values dipped 0.3% over the past three months and 0.7% year on year. However, the average value of $1,815,797 is 13.5% higher than the nationwide market peak of late 2021 and remains well above all other regions in the country.

QV Local Registered Valuer Greg Simpson said the local property market has remained active and generally steady over the past 12 months, despite broader national uncertainty.

“Sales volumes are increasing alongside inventory levels, and average residential values have held firm in both Queenstown and Central Otago. However, market conditions remain sensitive to economic headwinds, with tighter credit conditions and ongoing caution among buyers,” Mr Simpson said.

The surrounding areas are seeing positive quarterly value growth including Central Otago up (2.4%) and Clutha up (3.1%); and Waitaki up (1.5%).

Southland

Invercargill values rose 1.3% over the past three months to an average value of $506,888, which is 4.2% higher year on year, and 3.9% higher than the previous peak.

While in Gore, values increased 8.8% over the quarter to $439,670 which is 4.2% higher than a year ago. And in Southland values dipped 0.7% over the past three months to $533,255 but are 5.0% higher than a year ago.

QV Registered Valuer Andrew Ronald said, “There is strong demand from first home buyers in the $350,000 to $500,000 bracket in the Invercargill market. We also seeing an increasing interest from investors and recent rent rises have now stabilised. Meanwhile, there’s been limited demand from buyers in the upper end of the market in price range above $1,000,000.”