Auckland values flat as regions play catch-up – MSN

Auckland values flat as regions play catch-up – MSN

The price of an average home is continuing to rise according to the latest QV figures, but for once it’s Auckland lagging behind.

Values in the city have fallen on average 0.5 percent in the last 12 months, stabilising at just over $1 million – double what they were 10 years ago.

The national average is up to $664,485, 60 percent above the pre-financial crisis peak in 2007. Recent gains have been driven by the regions – particularly Hawke’s Bay, Nelson, Palmerston North and Queenstown, which all saw double-digit growth in 2017.

By MSN

https://www.msn.com/en-nz/news/finance-real-estate/auckland-values-flat-as-regions-play-catch-up/ar-BBGkQ0R?ocid=News