The average national property value increased 3.3 percent in November to 704,072 New Zealand dollars on a year by year comparison, according to independent market valuation organization Quotable Value.
While average values in the Auckland region fell over the past year by 1.2 percent to 1,038,477 NZ dollars, there was a 1.3 percent increase over the quarter, which was the biggest rise for the region in nearly two years.
"All of the main centers are showing value growth over the past three months, including Auckland and Christchurch which have generally struggled throughout most of 2019," QV spokesperson Paul McCorry said.
"Dunedin is still the leading light of the big centers with a whopping 8.6 percent quarterly growth to November, followed by the Wellington region with growth of 3.0 percent for the three month period," said McCorry.
Whangarei was the only center where prices dropped over the three-month period - down 0.2 percent. Invercargill had the biggest quarterly increase, of 9.3 percent. (1 New Zealand dollar equals 0.65 U.S. dollar)
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