Blog Article

If you’ve been keeping an eye on the property market, you might be wondering: Is now a good time to buy a house ? With interest rates stabilising, property prices adjusting, and more listings on the market, 2025 could present the right conditions for many buyers — depending on your personal circumstances.

In this article, we’ll break down the key factors shaping the market and help you decide whether now’s the right time for you to take the plunge into property ownership.

1. The Market Is Balancing Out

After several years of ups and downs, the property market has started to stabilise in many regions. While house prices have softened since the peak of the boom, we’re now seeing signs of more balanced conditions — fewer frantic bidding wars, more listings to choose from, and sellers being more realistic with their price expectations.

This creates a healthier environment for buyers, particularly first home buyers and investors who felt priced out in previous years.

2. Interest Rates Have Likely Peaked

Mortgage interest rates climbed steeply between 2021 and 2023 in response to inflationary pressures. However, in 2025, we’re now seeing signs that rates have peaked and may gradually begin to ease.

While it’s impossible to perfectly time the market, buying when rates are still high — but expected to fall — can present long-term savings. Fixed rates can be refixed later, and you may be able to lock in a good deal before prices rise again.

If you’re waiting for the perfect rate, you might miss the chance to buy at a good price while competition is lower.

3. There’s Less Competition

Many buyers are still sitting on the sidelines, unsure about where the economy is heading. This means there’s less competition in the market — and that can give you more room to negotiate on price, settlement terms, or conditions like due diligence.

This environment especially benefits first home buyers, who often lose out in a hot market where investors dominate. This would be the single most important factor in securing a lower price.

4.  Support Is Still Available

KiwiSaver withdrawals and various initiatives lenders have available, help eligible buyers into their first home. These schemes can make a big difference to your deposit and affordability. Purchasing a new build, for instance, can have a positive effect on how much you can borrow, but also what type of special deals you might qualify for.

It’s worth checking if you qualify — and talking us to help you make the most of what’s available.

Final Thoughts: Opportunity Often Comes Quietly

When the market is quieter and others are unsure, that’s often where the best opportunities lie. In 2025, we’re seeing signs of a window of opportunity — before confidence fully returns and demand picks up again.

If you’re thinking about buying a home this year, it pays to speak with a trusted mortgage adviser who understands the local market and can help tailor a plan to your goals.

Thinking about buying in 2025?

We’re here to help you figure out your options, whether you’re ready to buy now or want to start planning. Get in touch with us today for a free, no-obligation chat.