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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.

January 2024

Our latest QV House Price Index shows that residential property values have once again increased slightly, edging upward by an average of 1.3% nationally in the January quarter. The average home is now worth $913,567, which is just 1.3% less than the same time last year.

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Average price

$913,567

% Change in 3 months

1.2%
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 - January quarter 2025

Low sales volumes are causing statistics to fluctuate in New Zealand Aotearoa’s smaller towns and districts, with Kawerau and Central Hawke's Bay featuring among the largest average declines this quarter. Buller and Wairoa saw the largest average home value increases.