Average dwelling values stalled at the end of 2023, according to the latest figures from Quotable Value. However over the December quarter, the average national dwelling value increased by 0.6%. Average dwelling values finished last year lower than they were at the end of 2022 in all but four regions - Rotorua, where the average value was up $10,188 (1.5%) for the year, Christchurch +$1869 (0.2%), Queenstown-Lakes +$61,753 (3.6%) and Invercargill +$10,881 (+2.3%). The biggest declines in average values last year were in Northland -$54,985 (-7.0%) and the Auckland Region -$53,769 (-4.0%). See the tables below for the monthly, quarterly and annual changes in average dwelling values in all main urban areas.

Source: Stuff January 15, 2024 21:14 UTC