In the wider Taieri area, average house values grew 13.6% on May last year; pictured, Mosgiel township last year. Photo: Stephen JaquieryGains in national average house values are waning in the face of winter, but regional areas continue to go from strength to strength, some still hitting double-digit growth. ''The rate of value growth has also started to slow in Dunedin following a succession of strong quarters,'' he said. Elsewhere around the South Island, the Mackenzie district led the way in quarterly growth, up 8.5%, followed by Clutha at 4.9% and Invercargill, which was up 4.9%. In annual growth terms, Invercargill gained 13.5%, followed by Southland at 12.6% and Clutha was up 10.8%.

Source: Otago Daily Times June 05, 2019 16:30 UTC