New Zealand’s super prime residential investment market update in 60 seconds.

Biggest trends

Wider residential market starting its recovery

Independent forecasters are typically predicting house prices will rise over the next two years. Early signs of recovery are shown through improving sales volumes, although prices remain flat. In the short term, price growth has been held back by the large supply of homes currently on the market for sale in most regions.

Interest rates the one to watch

Lower interest rates are boosting confidence in the market and are likely to be the most important driver of the market in the short-term. At a bigger picture level, risks around tariffs and global trade have added uncertainty to the market.

Super prime market heats up, cautiously

Enquiry levels are rising, with Auckland’s super prime market showing stronger momentum than other regions. With a relatively high volume of listings on the market, buyer interest is largely focused on properties with standout features, and price negotiations are often taking extended periods to conclude.

Interesting facts

Buyer profiles vary by region

Buyer profiles vary across regions. In Auckland, super prime homes are typically bought as primary residences. In Queenstown and Wanaka, they often serve as holiday homes. Tauranga’s buyers are often seeking modern homes or waterfront sites for new builds.

Space, space, space

Oversized homes remain a defining feature of the super prime market. While tennis courts are often mentioned as anecdotes, listings are more likely to include wine cellars, home theatres, and guest suites. These features reflect buyer preferences for spaces that offer not just daily functionality, but a sense of luxury, privacy, and exclusivity

Privacy comes at a premium

Super prime buyers often spend extra for homes that offer seclusion without sacrificing location. Gated entrances, long driveways, and mature landscaping are common features. True luxury lies in being close to everything, while remaining hidden from sight.