Where are prices falling?

PHOTO: SIMON MAUDE/FAIRFAX NZ – Auckland prices inched up just 1 per cent.

Regional New Zealand had the fastest house price growth over the past 12 months, new data from QV shows.

It has released its statistics for February, which show national property values lifted 6.5 per cent over the year, to an average $672,645.

But that figure masks a wide range of results.

Prices fell 0.8 per cent over the year in Christchurch, lifted just 1 per cent in Auckland and shot ahead 16.5 per cent in Napier.

READ MORE: Just how much are houses increasing in price?

Nelson and Invercargill were also strong performers, with growth rates above 10 per cent. Whangarei and Dunedin followed close behind.

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