Cotality’s Latest Home Price Report: Stability with Subtle Signals
By Scott Mears - Aspire PRO Enterprises
Cotality’s June Home Value Index shows that after dipping earlier this year, the national home price level in New Zealand edged up 0.2% in June, signaling the first monthly gain following minor falls in April and May.
Nationally, prices remain 16.1% below their January 2022 peak—averaging around $815,389 (interest.co.nz). With mortgage rates easing, buyers are gradually returning—even as most remain cautious amid elevated listings and uneven labour markets (interest.co.nz).
On the brighter side, Cotality’s “Mapping the Market” data reveals that 62% of suburbs saw flat or rising standalone house values since March, with 22% experiencing 2%+ growth (corelogic.co.nz).
Notably, values around the main centres were either flat in June or up slightly, with Hamilton recording a +0.3% gain over that same period—+2.0% over the last 12 months.
What This Means for STR Hosts and Investors
1. Buying Window for STR Investments
With national prices stabilising, now could be a prime opportunity for investors.
2. Cash Flow Over Capital Gains
Given prices are still well below peak, relying on capital appreciation is tricky. STR operators should instead emphasise dynamic pricing models, high occupancy and standout guest experiences to meet yield targets.
3. Watch for Market Momentum
The slight uptick in growth is encouraging. As mortgage rates ease further, areas already showing momentum may accelerate so STR investors should monitor gains closely and act early.
Bottom line
Cotality’s latest report hints at the beginning of a slow and gradual revival.
For STR operators, this moment offers strategic buying opportunities—but success will be driven by focused pricing, strong operations and sharp location awareness.
Interested in the STR market but unsure where to start? Contact us for a confidential discussion.