Changing of the hot market guard

It seems that the spectacular price growth seen in Auckland may have finally levelled off, with QV’s January data showing the region’s average value grew by just 0.2% over the last quarter.

This has left the average Auckland value at $1,047,699 which, once adjusted for inflation, still shows year-on-year growth of 11.3%.

However, the rate of quarterly value growth is noticeably slower in each month’s QV release: January’s 0.2% growth follows December’s 1.5% which was a drop from November’s 3.7%.

Likewise, value growth in Hamilton, which was the city which saw the most “halo” effects from Auckland’s supercharged market, is now on the decline.