14 Jul 2008

Housing values continue to fall

6:08 am on 14 July 2008

Latest Quotable Value figures for June show domestic property values continue to fall across New Zealand.

National property values grew 0.1% in the year to June, down from 2.4% in the year to May.

House values dropped 1% in the Auckland region and 4.3% in Dunedin.

The Wellington region is still showing a slight increase on last year, at 1.1%.

All of the main provincial centres also show a drop in annual growth when compared to the figures for May.