QV April - the regions

Auckland

Auckland property values decreased by 0.5% over the last year and seem to be stabilising in a narrow band, according to the April QV report.

According to QV Valuation's Glenda Whitehead, sales activity has picked up over recent months though this turnover of properties has not necessarily resulted in price rises across all areas.

"We are seeing pockets of the market that are reacting positively to quality new listings, however, in many other areas we continue to see strong caution exercised by purchasers."