Housing market indicators

A dashboard of housing market indicators was released as part of the guidance prepared for the National Policy Statement on Urban Development Capacity (NPS-UDC).

NPS-UDC market indicators

The dashboard provides information on a range of market indicators that local authorities are required to monitor as part of the National Policy Statement on Urban Development Capacity (NPS-UDC).

Market indicators on the dashboard include:

  • residential building consents compared to changes in household numbers
  • dwelling sales prices
  • dwelling rents
  • the ratio of dwelling sales prices to rents
  • dwelling sales volumes as a percentage of total residential stock
  • land value as a percentage of capital value
  • the Housing Affordability Measure (HAM)

The indicators have been aggregated quarterly by census area unit, ward and territorial authority using 2013 Stats NZ geographical areas.

They've also been aggregated by expanded urban area — a grouping of territorial authorities used in the NPS-UDC.

About the data

The data is drawn from:

  • data purchased from Corelogic on housing sales, rating valuations and property attributes
  • the Ministry of Business, Innovation and Employment's (MBIE) tenancy bond database
  • Stats NZ

Data is updated quarterly approximately 2 to 3 months after quarter-end, once third party data is available.

Download the data

The data series behind the measures can be downloaded individually through the dashboard.

We've made all data available in a single file, and documentation and source code information is also available.

The data is under a Creative Commons licence. This means you can use the data free of charge to perform your own analysis. However you must credit 'The Ministry of Business, Innovation and Employment' as the source of the data.

About the NPS-UDC

The NPS-UDC was developed by MBIE to ensure local authorities enable sufficient development capacity for housing and business through their land-use planning and infrastructure.

National Policy Statement on Urban Development Capacity

Contact us by email if you have questions about the data or dashboard.

Email: housinginfo@mbie.govt.nz

Published: May 18, 2020