Nationwide residential property values continue to rise in New Zealand, according to the latest QV index for August.
Values have risen 1.6 per cent in the past three months, 4.8 per cent over the past year, and are now only 0.4 per cent below the market peak of 2007.
In Tauranga, values have faltered in recent months and are only 1.2 per cent above the same time last year.
Jonno Ingerson, QV.co.nz research director, said the main centres continued to lead the growth in national values, with values increasing fastest in Auckland.
''Wellington and Tauranga are the notable exceptions, with values in both remaining steady for the past few months.''