Values across Auckland are still increasing and are now up 11.0% over the past year. Areas like Rodney and old Auckland City continue to show slower rates of growth over the past 3 months than what has previously been seen and in comparison to other areas. Overall, values are still markedly above last year, with North Shore seeing the greatest increase at 11.6%.

QV Operations Manager Kerry Stewart said "We have seen a continued lack of listings, and this has worsened over the past month as people start to hold onto their properties more, especially in the wake of the release of the draft unitary plan. Many buyers are also starting to feel that house prices are unreasonable and are waiting it out to see if houses become more affordable."

"Auctions are still popular especially in the inner city where the market remains heated. In general the right properties will still go at the right price," said Stewart.