PHOTO: Annual changes to property value in New Zealand. Photo credit: Supplied

Auckland property values have declined in the past year while smaller cities and regional towns have seen an increase, new data shows.

The latest QV House Price Index shows residential property values across New Zealand have increased over the past year by 3.2 percent and by 1.2 percent in the three months to December.

The nationwide average property value is now $682,938 compared to the average value for the Auckland Region which is $1,048,145.



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