NZ inNumbers

House prices relative to incomes: NZ and other countries: data and downloads

New Zealand was 100.5 index in Mar 2026 qtr, down 3.9% on a year earlier.

Updated

Source: OECD. Last retrieved 10 October 2026.

In Mar 2026 qtr, the latest period all 6 comparison countries have.

In Mar 2026 qtr, the latest period all 6 comparison countries have.

House prices relative to incomes: NZ and other countries
New ZealandAustraliaUnited KingdomCanadaUnited StatesOECD
House prices relative to incomes: NZ and other countries. New Zealand, Mar 1990 qtr to Mar 2026 qtr, latest 100.5. Australia, Mar 1990 qtr to Mar 2026 qtr, latest 124.9. United Kingdom, Mar 1990 qtr to Mar 2026 qtr, latest 104.2. Canada, Mar 1990 qtr to Mar 2026 qtr, latest 125.7. United States, Mar 1990 qtr to Mar 2026 qtr, latest 124.3. OECD, Mar 1990 qtr to Mar 2026 qtr, latest 113.6.0501001502001990199620022008201520212026
Show the figures
PeriodNew Zealand (index)Australia (index)United Kingdom (index)Canada (index)United States (index)OECD (index)
Mar 2026 qtr100.5124.9104.2125.7124.3113.6
Dec 2025 qtr101.3121.5103.6128.0125.7114.1
Sep 2025 qtr103.1121.0104.2128.7125.6113.9
Jun 2025 qtr104.1119.2103.0131.4126.2114.0
Mar 2025 qtr104.6117.8104.6134.7127.6114.4
Dec 2024 qtr106.5119.3103.8135.3127.9114.1
Sep 2024 qtr107.7120.0105.0134.7127.5113.7
Jun 2024 qtr110.0121.2106.3136.9126.9113.9
Mar 2024 qtr111.9120.1106.7137.8126.7114.0
Dec 2023 qtr111.8118.4109.6138.4127.4114.9
Sep 2023 qtr113.6118.6110.1139.5127.6115.4
Jun 2023 qtr114.2116.8110.3136.6126.2115.1
Mar 2023 qtr115.8115.2114.0137.3125.7116.0
Dec 2022 qtr120.5113.8115.7138.3129.3118.5
Sep 2022 qtr126.8112.7119.8145.4131.1121.2
Jun 2022 qtr134.0117.7119.8151.2134.2123.5
Mar 2022 qtr139.4119.5118.2147.2131.4122.4
Dec 2021 qtr142.9119.1115.4143.3124.2119.3
Sep 2021 qtr138.7112.7112.5136.3120.3117.1
Jun 2021 qtr134.1112.5112.9132.5115.5114.2
Full data: house price to income international
Country comparison in Mar 2026 qtr
CountryValue (index) in Mar 2026 qtr
New Zealand100.5
Australia124.9
Canada125.7
OECD113.6
United Kingdom104.2
United States124.3
March 2026 quarterNew Zealand 100.5Australia 124.9United Kingdom 104.2Canada 125.7United States 124.3OECD 113.6
House prices relative to incomes: NZ and other countries. New Zealand: 100.5 in Mar 2026 qtr. Australia: 124.9 in Mar 2026 qtr. United Kingdom: 104.2 in Mar 2026 qtr. Canada: 125.7 in Mar 2026 qtr. United States: 124.3 in Mar 2026 qtr. OECD: 113.6 in Mar 2026 qtr.

Lines break at accounting-basis changes and missing periods. Source: OECD.

House prices relative to incomes: NZ and other countries: data and downloads: definitions

The OECD's price-to-income ratio: nominal house prices divided by nominal disposable income per person, as an index (2015 = 100), quarterly from 1990. Rising values mean houses are getting less affordable relative to incomes.

House prices relative to incomes: NZ and other countries: data and downloads: comparison limits

These affect how the figures can be compared.

  • An index of change since 2015 within each country, not a cross-country comparison of affordability levels.
  • Uses average household disposable income per person, not the income of first-home buyers.

House prices relative to incomes: NZ and other countries: data and downloads: data by period

The latest ten periods for up to the first six series. Downloads contain every published observation.

PeriodNew ZealandAustraliaUnited KingdomCanadaUnited StatesOECD
Jun 2026 qtrNot availableNot available103.5 index120.9 index123.4 index112.8 index
Mar 2026 qtr100.5 index124.9 index104.2 index125.7 index124.3 index113.6 index
Dec 2025 qtr101.3 index121.5 index103.6 index128.0 index125.7 index114.1 index
Sep 2025 qtr103.1 index121.0 index104.2 index128.7 index125.6 index113.9 index
Jun 2025 qtr104.1 index119.2 index103.0 index131.4 index126.2 index114.0 index
Mar 2025 qtr104.6 index117.8 index104.6 index134.7 index127.6 index114.4 index
Dec 2024 qtr106.5 index119.3 index103.8 index135.3 index127.9 index114.1 index
Sep 2024 qtr107.7 index120.0 index105.0 index134.7 index127.5 index113.7 index
Jun 2024 qtr110.0 index121.2 index106.3 index136.9 index126.9 index113.9 index
Mar 2024 qtr111.9 index120.1 index106.7 index137.8 index126.7 index114.0 index

House prices relative to incomes: NZ and other countries: data and downloads: questions for your AI

Download the file, attach it in the assistant you use, then paste the prompt. Whatever it tells you is its reading of the data, not ours.

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    The attached CSV is House prices relative to incomes: NZ and other countries (house-price-to-income-international), from OECD, Analytical house prices indicators. Describe how each measure has changed, naming its unit and period. Treat changes in basis and missing periods as breaks. Distinguish observation from explanation. Limitations: An index of change since 2015 within each country, not a cross-country comparison of affordability levels. Uses average household disposable income per person, not the income of first-home buyers.. Do not infer causation from changes during government terms.

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House prices relative to incomes: NZ and other countries: data and downloads: sources

The source publication, licence and snapshot used to build this page.

Organisation
OECD, Analytical house prices indicators
Licence
OECD Terms and Conditions (Data), reuse including commercial with citation. OECD (2026), Analytical house prices indicators, OECD Data Explorer, https://data-explorer.oecd.org/ (accessed on 10 October 2026). Figures selected and transformed by NZ in Numbers. Anyone reusing these figures must keep this OECD citation.
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Snapshot
data/raw/oecd-house-prices/2026-10-10_c0fd88c65b58.csv
SHA256
c0fd88c65b58b47a6d5827a3ad1ddde7e82ea46988090c43bb366d893357f955
Retrieved
10 October 2026