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New Zealand flag Investment

New Zealand

Overview

Investment climate, interest rates, credit ratings, and property market data for New Zealand.

Key Indicators

Interest Rate
4.76%
World Bank
Stock Market Turnover
13.5%
World Bank
Policy Rate (RBNZ)
2.50%
11/14/2025 · Reserve Bank of New Zealand
Property Price Change (YoY)
-3.7%
2025 Q2 · BIS
Property Rights Index
80/100
WJP
Rental Yield
3.8%
Global Property Guide
Credit Rating
AAA
S&P

Policy Rate History

-5.2%11.1%27.3%43.5%59.7%1985-01-01: 15.70%1985-02-01: 54.30%1985-03-01: 21.50%1985-04-01: 19.00%1985-05-01: 23.70%1985-06-01: 21.20%1985-07-01: 22.50%1985-08-01: 42.00%1985-09-01: 50.00%1985-10-01: 21.00%1985-11-01: 22.50%1985-12-01: 19.00%1986-01-01: 20.00%1986-02-01: 21.30%1986-03-01: 21.00%1986-04-01: 20.75%1986-05-01: 16.30%1986-06-01: 16.75%1986-07-01: 15.40%1986-08-01: 15.50%1986-09-01: 15.60%1986-10-01: 17.70%1986-11-01: 18.90%1986-12-01: 27.00%1987-01-01: 26.25%1987-02-01: 24.75%1987-03-01: 34.00%1987-04-01: 27.80%1987-05-01: 20.85%1987-06-01: 19.50%1987-07-01: 19.00%1987-08-01: 17.50%1987-09-01: 17.50%1987-10-01: 21.15%1987-11-01: 16.77%1987-12-01: 15.75%1988-01-01: 16.50%1988-02-01: 16.78%1988-03-01: 19.25%1988-04-01: 22.47%1988-05-01: 12.71%1988-06-01: 15.31%1988-07-01: 17.17%1988-08-01: 15.26%1988-09-01: 14.42%1988-10-01: 14.00%1988-11-01: 14.47%1988-12-01: 13.44%1989-01-01: 12.50%1989-02-01: 13.53%1989-03-01: 13.25%1989-04-01: 14.50%1989-05-01: 12.96%1989-06-01: 13.70%1989-07-01: 13.62%1989-08-01: 14.23%1989-09-01: 15.25%1989-10-01: 12.00%1989-11-01: 15.21%1989-12-01: 13.50%1990-01-01: 13.88%1990-02-01: 12.50%1990-03-01: 12.98%1990-04-01: 13.00%1990-05-01: 14.75%1990-06-01: 13.35%1990-07-01: 14.00%1990-08-01: 13.50%1990-09-01: 13.88%1990-10-01: 12.50%1990-11-01: 12.50%1990-12-01: 11.25%1991-01-01: 11.15%1991-02-01: 12.00%1991-03-01: 12.00%1991-04-01: 10.40%1991-05-01: 10.20%1991-06-01: 10.05%1991-07-01: 9.75%1991-08-01: 9.40%1991-09-01: 7.60%1991-10-01: 8.30%1991-11-01: 8.25%1991-12-01: 7.20%1992-01-01: 7.20%1992-02-01: 7.30%1992-03-01: 6.80%1992-04-01: 6.70%1992-05-01: 6.80%1992-06-01: 6.50%1992-07-01: 6.20%1992-08-01: 6.20%1992-09-01: 6.45%1992-10-01: 6.10%1992-11-01: 6.05%1992-12-01: 8.45%1993-01-01: 7.75%1993-02-01: 7.50%1993-03-01: 6.80%1993-04-01: 6.60%1993-05-01: 6.05%1993-06-01: 5.75%1993-07-01: 5.05%1993-08-01: 5.15%1993-09-01: 5.20%1993-10-01: 4.90%1993-11-01: 6.10%1993-12-01: 4.80%1994-01-01: 6.00%1994-02-01: 6.00%1994-03-01: 9.50%1994-04-01: 6.10%1994-05-01: 4.90%1994-06-01: 6.30%1994-07-01: 6.10%1994-08-01: 5.75%1994-09-01: 6.50%1994-10-01: 7.50%1994-11-01: 7.70%1994-12-01: 8.30%1995-01-01: 8.30%1995-02-01: 9.00%1995-03-01: 9.00%1995-04-01: 8.90%1995-05-01: 9.05%1995-06-01: 9.00%1995-07-01: 8.90%1995-08-01: 9.65%1995-09-01: 9.45%1995-10-01: 8.35%1995-11-01: 8.50%1995-12-01: 9.00%1996-01-01: 8.45%1996-02-01: 9.10%1996-03-01: 9.15%1996-04-01: 9.55%1996-05-01: 9.50%1996-06-01: 9.80%1996-07-01: 10.00%1996-08-01: 9.90%1996-09-01: 10.05%1996-10-01: 9.45%1996-11-01: 9.40%1996-12-01: 7.90%1997-01-01: 7.40%1997-02-01: 7.40%1997-03-01: 7.50%1997-04-01: 6.35%1997-05-01: 7.00%1997-06-01: 6.55%1997-07-01: 8.10%1997-08-01: 7.80%1997-09-01: 7.50%1997-10-01: 7.50%1997-11-01: 6.90%1997-12-01: 8.35%1998-01-01: 8.60%1998-02-01: 8.90%1998-03-01: 10.10%1998-04-01: 9.00%1998-05-01: 8.65%1998-06-01: 8.45%1998-07-01: 6.90%1998-08-01: 6.00%1998-09-01: 4.50%1998-10-01: 3.85%1998-11-01: 2.90%1998-12-01: 3.85%1999-01-01: 2.75%1999-02-01: 4.30%1999-03-01: 4.50%1999-04-01: 4.50%1999-05-01: 4.50%1999-06-01: 4.50%1999-07-01: 4.50%1999-08-01: 4.50%1999-09-01: 4.50%1999-10-01: 4.50%1999-11-01: 5.00%1999-12-01: 5.00%2000-01-01: 5.25%2000-02-01: 5.25%2000-03-01: 5.75%2000-04-01: 6.00%2000-05-01: 6.50%2000-06-01: 6.50%2000-07-01: 6.50%2000-08-01: 6.50%2000-09-01: 6.50%2000-10-01: 6.50%2000-11-01: 6.50%2000-12-01: 6.50%2001-01-01: 6.50%2001-02-01: 6.50%2001-03-01: 6.25%2001-04-01: 6.00%2001-05-01: 5.75%2001-06-01: 5.75%2001-07-01: 5.75%2001-08-01: 5.75%2001-09-01: 5.25%2001-10-01: 5.25%2001-11-01: 4.75%2001-12-01: 4.75%2002-01-01: 4.75%2002-02-01: 4.75%2002-03-01: 5.00%2002-04-01: 5.25%2002-05-01: 5.50%2002-06-01: 5.50%2002-07-01: 5.75%2002-08-01: 5.75%2002-09-01: 5.75%2002-10-01: 5.75%2002-11-01: 5.75%2002-12-01: 5.75%2003-01-01: 5.75%2003-02-01: 5.75%2003-03-01: 5.75%2003-04-01: 5.50%2003-05-01: 5.50%2003-06-01: 5.25%2003-07-01: 5.00%2003-08-01: 5.00%2003-09-01: 5.00%2003-10-01: 5.00%2003-11-01: 5.00%2003-12-01: 5.00%2004-01-01: 5.25%2004-02-01: 5.25%2004-03-01: 5.25%2004-04-01: 5.50%2004-05-01: 5.50%2004-06-01: 5.75%2004-07-01: 6.00%2004-08-01: 6.00%2004-09-01: 6.25%2004-10-01: 6.50%2004-11-01: 6.50%2004-12-01: 6.50%2005-01-01: 6.50%2005-02-01: 6.50%2005-03-01: 6.75%2005-04-01: 6.75%2005-05-01: 6.75%2005-06-01: 6.75%2005-07-01: 6.75%2005-08-01: 6.75%2005-09-01: 6.75%2005-10-01: 7.00%2005-11-01: 7.00%2005-12-01: 7.25%2006-01-01: 7.25%2006-02-01: 7.25%2006-03-01: 7.25%2006-04-01: 7.25%2006-05-01: 7.25%2006-06-01: 7.25%2006-07-01: 7.25%2006-08-01: 7.25%2006-09-01: 7.25%2006-10-01: 7.25%2006-11-01: 7.25%2006-12-01: 7.25%2007-01-01: 7.25%2007-02-01: 7.25%2007-03-01: 7.50%2007-04-01: 7.75%2007-05-01: 7.75%2007-06-01: 8.00%2007-07-01: 8.25%2007-08-01: 8.25%2007-09-01: 8.25%2007-10-01: 8.25%2007-11-01: 8.25%2007-12-01: 8.25%2008-01-01: 8.25%2008-02-01: 8.25%2008-03-01: 8.25%2008-04-01: 8.25%2008-05-01: 8.25%2008-06-01: 8.25%2008-07-01: 8.00%2008-08-01: 8.00%2008-09-01: 7.50%2008-10-01: 6.50%2008-11-01: 6.50%2008-12-01: 5.00%2009-01-01: 3.50%2009-02-01: 3.50%2009-03-01: 3.00%2009-04-01: 2.50%2009-05-01: 2.50%2009-06-01: 2.50%2009-07-01: 2.50%2009-08-01: 2.50%2009-09-01: 2.50%2009-10-01: 2.50%2009-11-01: 2.50%2009-12-01: 2.50%2010-01-01: 2.50%2010-02-01: 2.50%2010-03-01: 2.50%2010-04-01: 2.50%2010-05-01: 2.50%2010-06-01: 2.75%2010-07-01: 3.00%2010-08-01: 3.00%2010-09-01: 3.00%2010-10-01: 3.00%2010-11-01: 3.00%2010-12-01: 3.00%2011-01-01: 3.00%2011-02-01: 3.00%2011-03-01: 2.50%2011-04-01: 2.50%2011-05-01: 2.50%2011-06-01: 2.50%2011-07-01: 2.50%2011-08-01: 2.50%2011-09-01: 2.50%2011-10-01: 2.50%2011-11-01: 2.50%2011-12-01: 2.50%2012-01-01: 2.50%2012-02-01: 2.50%2012-03-01: 2.50%2012-04-01: 2.50%2012-05-01: 2.50%2012-06-01: 2.50%2012-07-01: 2.50%2012-08-01: 2.50%2012-09-01: 2.50%2012-10-01: 2.50%2012-11-01: 2.50%2012-12-01: 2.50%2013-01-01: 2.50%2013-02-01: 2.50%2013-03-01: 2.50%2013-04-01: 2.50%2013-05-01: 2.50%2013-06-01: 2.50%2013-07-01: 2.50%2013-08-01: 2.50%2013-09-01: 2.50%2013-10-01: 2.50%2013-11-01: 2.50%2013-12-01: 2.50%2014-01-01: 2.50%2014-02-01: 2.50%2014-03-01: 2.75%2014-04-01: 3.00%2014-05-01: 3.00%2014-06-01: 3.25%2014-07-01: 3.50%2014-08-01: 3.50%2014-09-01: 3.50%2014-10-01: 3.50%2014-11-01: 3.50%2014-12-01: 3.50%2015-01-01: 3.50%2015-02-01: 3.50%2015-03-01: 3.50%2015-04-01: 3.50%2015-05-01: 3.50%2015-06-01: 3.25%2015-07-01: 3.00%2015-08-01: 3.00%2015-09-01: 2.75%2015-10-01: 2.75%2015-11-01: 2.75%2015-12-01: 2.50%2016-01-01: 2.50%2016-02-01: 2.50%2016-03-01: 2.25%2016-04-01: 2.25%2016-05-01: 2.25%2016-06-01: 2.25%2016-07-01: 2.25%2016-08-01: 2.00%2016-09-01: 2.00%2016-10-01: 2.00%2016-11-01: 1.75%2016-12-01: 1.75%2017-01-01: 1.75%2017-02-01: 1.75%2017-03-01: 1.75%2017-04-01: 1.75%2017-05-01: 1.75%2017-06-01: 1.75%2017-07-01: 1.75%2017-08-01: 1.75%2017-09-01: 1.75%2017-10-01: 1.75%2017-11-01: 1.75%2017-12-01: 1.75%2018-01-01: 1.75%2018-02-01: 1.75%2018-03-01: 1.75%2018-04-01: 1.75%2018-05-01: 1.75%2018-06-01: 1.75%2018-07-01: 1.75%2018-08-01: 1.75%2018-09-01: 1.75%2018-10-01: 1.75%2018-11-01: 1.75%2018-12-01: 1.75%2019-01-01: 1.75%2019-02-01: 1.75%2019-03-01: 1.75%2019-04-01: 1.75%2019-05-01: 1.50%2019-06-01: 1.50%2019-07-01: 1.50%2019-08-01: 1.00%2019-09-01: 1.00%2019-10-01: 1.00%2019-11-01: 1.00%2019-12-01: 1.00%2020-01-01: 1.00%2020-02-01: 1.00%2020-03-01: 0.25%2020-04-01: 0.25%2020-05-01: 0.25%2020-06-01: 0.25%2020-07-01: 0.25%2020-08-01: 0.25%2020-09-01: 0.25%2020-10-01: 0.25%2020-11-01: 0.25%2020-12-01: 0.25%2021-01-01: 0.25%2021-02-01: 0.25%2021-03-01: 0.25%2021-04-01: 0.25%2021-05-01: 0.25%2021-06-01: 0.25%2021-07-01: 0.25%2021-08-01: 0.25%2021-09-01: 0.25%2021-10-01: 0.50%2021-11-01: 0.75%2021-12-01: 0.75%2022-01-01: 0.75%2022-02-01: 1.00%2022-03-01: 1.00%2022-04-01: 1.50%2022-05-01: 2.00%2022-06-01: 2.00%2022-07-01: 2.50%2022-08-01: 3.00%2022-09-01: 3.00%2022-10-01: 3.50%2022-11-01: 4.25%2022-12-01: 4.25%2023-01-01: 4.25%2023-02-01: 4.75%2023-03-01: 4.75%2023-04-01: 5.25%2023-05-01: 5.50%2023-06-01: 5.50%2023-07-01: 5.50%2023-08-01: 5.50%2023-09-01: 5.50%2023-10-01: 5.50%2023-11-01: 5.50%2023-12-01: 5.50%2024-01-01: 5.50%2024-02-01: 5.50%2024-03-01: 5.50%2024-04-01: 5.50%2024-05-01: 5.50%2024-06-01: 5.50%2024-07-01: 5.50%2024-08-01: 5.25%2024-09-01: 5.25%2024-10-01: 4.75%2024-11-01: 4.25%2024-12-01: 4.25%2025-01-01: 4.25%2025-02-01: 3.75%2025-03-01: 3.75%2025-04-01: 3.50%2025-05-01: 3.25%2025-06-01: 3.25%2025-07-01: 3.25%2025-08-01: 3.00%2025-09-01: 3.00%2025-10-01: 2.50%198520052025

490 monthly data points since 1985

Property Price Index

Property Valuation Ratios

Price-to-Rent Ratio
190.1
OECD (2023)
Price-to-Income Ratio
141.4
OECD (2023)

Frequently Asked Questions

Sources: World Bank · Last updated: 2025

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