Prices cool over past three months

Nationally, the average house price now sits at $952,078, an increase of 26.4% year-on-year, up slightly from 25.6% last month.

The average value increased 4.3% nationally over three months to the end of July, down from the 6.6% quarterly growth in June.

In the Auckland region, the average house price is $1,352,677, up 3.5% over the three-month period, with annual growth of 23.7%, up a fraction from June’s year-on-year growth of 23.4%.

QV general manager David Nagel says three-monthly value growth has more than halved since April when it was rocketing along at 8.9%.