QV Main urban areas commentary: June 2010

All values are calculated over the three months ending June 2010 and compared to the same period last year. To view the regions quickly, use the links below:

Auckland
Hamilton
Tauranga
Wellington
Christchurch
Dunedin

Auckland
Property values in the Auckland region increased by 7.9% over the past year, down from the 8.8% annual growth reported in May. The average sale price for the region increased from $534,639 to $537,412.

Glenda Whitehead of QV Valuations said: "Although our QV statistics show the annual change is positive, residential property values throughout the Auckland region have stabilised or slightly reduced in recent months. This is confirmed by the gradual reduction in annual growth since the start of the year. In contrast, average sale prices have been jumping around, suggesting patchy market activity in different locations and in different price brackets."