Source: CoreLogic
Home value growth in Aotearoa New Zealand stalled in April, with the 0.1% dip indicative of the indecisive nature of the property market at present.
CoreLogic’s House Price Index edged down 0.1% in April, with the average NZ property value now $933,633, up around 3% from September’s trough, but still almost 11% less than the peak.
Below the ‘flat’ national result, the main centres continue to show some variability. Dunedin values rose 0.7% in April, with Wellington and Hamilton seeing 0.4% growth. But Christchurch and Tauranga flattened (-0.1% apiece) and Auckland values dipped 0.6%.
CoreLogic NZ Chief Property Economist, Kelvin Davidson, said the continuation of soft house price tr
