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QV House Price Index

The QV House Price Index measures house price movement throughout New Zealand, providing an indicator of capital growth and how prices are trending in your area.

October 2023

The QV House Price Index for October shows that the national average home value increased by 2.1% to $907,387 this quarter – an improvement on the 0.9% quarterly home value increase reported at the end of September. It follows three consecutive months of modest home value growth nationally.

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Average price


% Change in 3 months

Whangarei District Auckland Region Tauranga City Hamilton City Rotorua District New Plymouth District Napier City Hastings District Palmerston North City Wellington City Nelson City Marlborough District Christchurch City Queenstown Lakes Dist Dunedin City Invercargill City

Average price

Change in 12 months

Biggest and smallest regional value changes - October quarter 2023

Low sales volumes are causing statistics to fluctuate in Aotearoa’s smaller towns and districts, with Waitomo and Waimate featuring among the largest average declines this quarter. Mackenzie District and Kaikoura saw the largest average increases for the second straight month.