Average dwelling values are now declining in most parts of New Zealand, according to Quotable Value. The average value of all NZ homes declined to $1,040,927 in April from $1,063,765 in January this year, according to the QV House Price Index. While the $22,838 fall in value isn't huge, it is consistent, with average values dropping for three consecutive months. This shows that in January just four regions had average values that had declined from the previous month. The most consistent declines have occurred in Hamilton and Dunedin, where average values have fallen in every month this year.

Source: Stuff May 09, 2022 22:23 UTC