A wave of global uncertainty, triggered by new US tariffs and ongoing market volatility, may have effects on New Zealand’s property market. From KiwiSaver balances to first-home buyer confidence, Kiwis are feeling the impact—yet opportunities remain for those ready to navigate the shifting landscape.
Global trade tensions have rattled bond and equity markets, leading to increased volatility and affecting many Kiwis’ KiwiSaver balances. As a result, Kiwi’s may turn their attention to property as a more stable long-term investment.
“Trade tensions have hit bonds and equities hard, and many of us have felt it in our KiwiSaver balances. Interestingly, during times of share market uncertainty, there’s sometimes a shift in focus towards property. It’s less about wild price swings and more about long-term stability,” LJ Hooker Group Head of Network NZ Campbell Dunoon said.
While luxury property markets may see buyers take a wait-and-see approach, the mid-range continues to perform strongly—driven by consistent demand and supply.
First-home buyers, in particular, are closely watching their KiwiSaver balances. With investment portfolios taking a hit, some are reconsidering the timing of their purchase or seeking additional advice before proceeding with withdrawals.
Seeking expert advice is important before any major decision.
“First-home buyers considering a KiwiSaver withdrawal may be feeling more cautious depending on their investment mix. If affected, they may require additional time and support throughout the process,” Dunoon said.
“Buying a home takes a lot of discipline—setting aside money from every pay packet isn't easy. For those relying heavily on their KiwiSaver to make up a large part of their deposit, it can be a real blow to see thousands wiped off their balance. And for buyers who’ve already paid their deposit and are now just waiting for settlement day, the dip in KiwiSaver could mean they no longer have as much saved as they thought. That’s where it can really hurt young Kiwis trying to get on the ladder.”
Still, first-home buyers remain a key force in the market, accounting for 26.1% of sales in 2024 according to CoreLogic. As interest rates ease in 2025, lower borrowing costs could help restore momentum and confidence for this group.
Amid the noise of international events, property continues to offer a sense of stability. For many, it remains a cornerstone of personal security and long-term growth.
“Property prices can fluctuate but many people buy homes for personal reasons, with the added expectation that their property will appreciate in value over time,” Dunoon said
“There’s a lot of noise, but property ownership is still a focus for kiwis. Nevertheless, in these uncertain times we just need patience and good guidance to make the most of it.”