Analysis by Kelvin Davidson, CoreLogic NZ Chief Property Economist
We estimate that new-builds are currently running about 6% more expensive than existing properties, which is in line with past norms. Given they’re theoretically of higher quality (e.g. better insulation) than existing dwellings, new-builds will probably always tend to carry a price premium in the future, too. But the gap may get a bit smaller in the next few years, not least as the tax rules become less favourable for new properties relative to existing.
Our recently-developed ‘Market Tr
