{"id":356790,"date":"2026-03-31T12:42:12","date_gmt":"2026-03-31T12:42:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/356790\/"},"modified":"2026-03-31T12:42:12","modified_gmt":"2026-03-31T12:42:12","slug":"qv-house-price-index-shows-housing-values-flat-overall-in-the-first-three-months-of-2026","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/356790\/","title":{"rendered":"QV House Price Index shows housing values flat overall in the first three months of 2026"},"content":{"rendered":"

\nHousing values flat overall in Q1 this year but there were big regional variations\n<\/p>\n

Residential property values remained flat overall in the first quarter (Q1) of this year, according to valuation company QV’s House Price Index for March.<\/p>\n

The average New Zealand dwelling value was $909,572, almost unchanged (-0.1%) compared to Q4 last year.<\/p>\n

On an annual basis, the average dwelling value was -0.4% lower compared to Q1 last year.<\/p>\n

The biggest declines in value in Q1 were in Taupo -3.8% and Greymouth -3.4% for the quarter, while the biggest increases in average values were in Gisborne and Dunedin, both up 3.7%.<\/p>\n

On an annual basis, the biggest decline in average values between Q1 last year and Q1 this year was in Wellington City at -5.0%, while the biggest increase was in Invercargill, up 8.1% for the year.<\/p>\n

Wellington City is also the only centre where average values are still below where they were in Q1 2020,when the Covid-19 pandemic hit. See the table below for the full regional figures.<\/p>\n

<\/p>\n

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