Each month Tony Alexander prepares a document called Regional Property Insights in which he looks at developments in residential property markets for each region around New Zealand. This month Tony looks at price trends for many of each region's local authority areas to highlight the differences which can exist within a region.
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The house price gains of 2021 are in danger of being wiped out, with the latest figures from the OneRoof-Valocity House Value Index pointing to the steady erosion of property values across much of the country.
The nationwide average property value fell 2.9% in the last three months to $1.064 million - $21,000 below where it was at the start of the year. Read report here |