|Prices Flat Heading into Winter
New Zealand property values are flat
heading into winter, as stock levels rise, time on market increases, and
Auckland becomes a buyer's market for the first time in years. While the
Wellington market is still strong and certain regional markets are performing
well, Christchurch is down and national figures are cooling. According to
Quotable Value (QV), the average value of all residential dwellings throughout
the country was $677,618 in March, up 7.3 percent compared to March last year.