Hi Waikanae Watch,

OneRoof’s latest House Price Report is here, and the headline is: More choice and lower prices give cashed-up buyers a boost.

OneRoof research has identified New Zealand’s “biggest loser” suburbs, where value drops are delivering buyers discounts of up to $120,000.

The average property value in just over 500 suburbs has fallen in the three months to the end of June, according to the latest data from the OneRoof-Valocity House Value Index. The figures come as the nationwide average property value dropped 0.9% over the quarter to $969,000.

*Data from OneRoof-Valocity House Value Index, July 2024.
Click here to read the full report and see how your suburb and region’s average house value is trending. [Waikanae figures are extracted below.]

OneRoof Editor,
Owen Vaughan

The columns in order:

Suburb	Average property value	3-month change	1-year change	5-year change