PHOTO: Annual changes to property value in New Zealand. Photo credit: Supplied
Auckland property values have declined in the past year while smaller cities and regional towns have seen an increase, new data shows.
The latest QV House Price Index shows residential property values across New Zealand have increased over the past year by 3.2 percent and by 1.2 percent in the three months to December.
The nationwide average property value is now $682,938 compared to the average value for the Auckland Region which is $1,048,145.
- House prices stabilise thanks to flat Auckland market
- New Zealand median house prices rose 10 percent in 2018
- Prices plummet in Queenstown after foreign buyer ban introduced
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