Drama absent from market

The latest QV House Price Index shows that values nationwide values were up by 1.2% in the three months to December and by 3.2% over the past year. This left the nationwide average value at $682,938.

But value growth in the major metropolitan centres was a mixed bag with Wellington alone continuing to see strong growth.

The Wellington region saw values rise by 3.2% over the past quarter and by 7.8% in the year to December, leaving the average value at $688,074.

In contrast, value growth across the Auckland Region decreased by 0.4% year-on-year although values were up slightly by 0.1% over the past quarter. The region’s average value is now $1,048,145.