Average asking prices have remained relatively static at $943,002 compared with $949,898 in December. He warned it was however, too early to say whether asking prices have been affected by the traditional seasonality. But many areas of Auckland including parts of Manukau and the North Shore, are now in negative territory. Average house values in Auckland rose 12.8 per cent year on year but flat lined over the last three months with just 0.2 per cent growth. Values in parts of Hamilton and Christchurch also fell lately while values are rising in Tauranga, Wellington and Dunedin and other areas near main centres.

Source: New Zealand Herald January 31, 2017 16:07 UTC