Auckland house prices fall for first time since 2011 – QV

Auckland’s house prices have dropped compared to the year before for the first time in six years.

Quotable Value’s latest statistics show that nationwide, house prices were up 3.9 per cent over the past year. But in Auckland they dropped 0.6 per cent.

Spokeswoman Andrea Rush said QV had seen the rate of value growth slowing through 2017, but this was the first time values were less than they had been in the same month the year before.

Andrea Rush, QV spokeswoman, said softer values could continue