House values around the country have continued to climb, but there was further evidence today of a cooling trend in Auckland's property market.
Monthly figures from Quotable Value showed a 0.2 per cent decrease in Auckland values in the three months till the end of March, when the average value of a residential property stood at $931,061.
QV national spokeswoman Andrea Rush said values in Auckland had risen in the past month by 0.6 per cent, suggesting the downward trend in the Super City may be coming to an end.
While the overall figure for the Auckland region was now 0.2 per cent down in the first quarter of the year, not all parts of the super city saw values drop.
Home values dropped in the former Auckland City council central suburbs, decreasing by 0.3 per cent over the past three months.
Waitakere City home values and values on the North Shore dropped both by 1.1 per cent over the past three months.
Manukau City bucked the downward trend it's seen over the past couple of months and values started rising again by 0.5 per cent in the first three months of the year.
Papakura District increased the most, up 1.9 per cent over the past three months while Rodney and Franklin continue to play catch up on more central areas. Rodney home values rose 1.8 per cent over the past three months and Franklin values were up 1.7 per cent over the past three months.