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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.

December 2021

The average New Zealand home increased in value by 7.8% nationally over the past three-month period to the end of December, up from the 6.9% quarterly growth we saw in November, with the national average value now sitting at $1,053,315. This represents an average annual increase of 28.4% for 2021.

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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 - December quarter 2021

Waitomo saw more home value growth this quarter than anywhere else at a rate of 17.9%. It was followed by Wairoa (16.4%) and Otorohanga (16.3%). At the opposite end of the spectrum, home values declined in Kawerau (-5.4%) and Waimate (-1.4%).