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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.

August 2021

New Zealand’s average home value increased 3.3% nationally over the past three-month period to the end of August, down from the 4.3% quarterly growth we saw in July, with the national average value now sitting at $963,046. Prices have increased by an average of 26.6% in the past 12 months.

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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 - August quarter 2021

The Waikato District (13.8%) sits at the top of our regional growth chart for the August quarter, followed by Waimate (10.9%), and Grey District (10.1%). At the other end of the spectrum, more regions saw value drops than in previous quarters, with Wairoa (-8.2%) declining the most.