Property values hold steady in april

Property values are holding steady after a period of decline, led by a flattening of values in the Auckland market.

Latest figures from Quotable Value show values are now 1.9 per cent lower than the same time last year, and 5.8 per cent below the market peak of late 2007.

QV.co.nz research director Jonno Ingerson said while the April figures were largely driven by the Auckland market where values are just 0.5 per cent below the same time last year, there were signs the trend was filtering through to other areas of the market.

Elsewhere, values in Hamilton are 3.5 per cent below the same time last year, though were starting to flattening off, in Tauranga values are 1.7 per cent below last year, while in the Wellington and Dunedin markets, values also appeared to be steady, after a period of decline.

Source: NZHerald