Urban area commentary - June 2009

To view the main regions quickly, use the links below:
Auckland
Hamilton
Tauranga
Wellington
Christchurch
Dunedin

Auckland

Property values in the Auckland region declined by 5.9% over the past year (calculated over the three months ending June 2009 in comparison to the same period last year), an improvement on the 7.6% annual decline reported in May. The average sale price for the region increased from $483,397 to $489,444.

Glenda Whitehead of QV Valuations said; "Steady as she goes, or more of the same, whichever way we say it, it should be seen as positive given the continuing uncertainty within wider economic indicators.