The national median dwelling value declined for the fifth consecutive month in July, down 0.5%, CoreLogic says. According to the CoreLogic Home Value Index, the median value of all dwellings in New Zealand was $827,515 in July, down 0.5% compared to June, and down 2.5% (-$21,200) from February's summer peak. The national median value has now retreated by $155,403 (-16%) from the record high of $982,918 set in January 2022. Median dwelling values fell in all main centres in July versus June, ranging from -0.1% in Christchurch to -0.9% in Tauranga. The tables below slow the median value trends throughout the country.

Source: New Zealand Herald August 01, 2024 03:56 UTC