Nationwide property values steady, slide continues in Wellington

Nationwide, QV reported property values have stabilised over the past month and are 0.4% below this time last year and 5.2% below the market peak of 2007.

"Over the past three months values have increased in many parts of the country, with particular strength in the Canterbury region and parts of Auckland," said QV research director Jonno Ingerson.

"Across the wider Auckland area values have increased 2.4% since January, and as a result are now 1.9% above last year and only 0.6% below the previous market peak of late 2007."

Ingerson said the growth over the past few months was not evenly spread across the Supercity, with the old Auckland City seeing the most growth in values, with modest increases in Rodney, North Shore and Waitakere while Manukau, Papakura and Franklin "have stayed more or less stable."