Photo / RNZBy Eleisha Foon of RNZNew data has found a reduction in demand in nationwide housing valuations, which could be the first signs of the housing market slowing. AucklandAuckland saw average property values rise by a further 2.4 per cent in April, and the average value there is now $1.25 million. TaurangaThe average property value in Tauranga now exceeds $900,000 for the first time ($922k). The annual growth rates show strength throughout the region, from 21.3 per cent in Wellington (average value $1.1m) to 35 per cent in Masterton (average value $579k). They had a 27 per cent share of purchases so far in 2021, a steady rise from about 21 per cent two years ago."

Source: New Zealand Herald May 04, 2021 07:52 UTC