Property values rise again in April

New Zealand property values rose nationally by 0.1% in April, the third straight monthly increase. However, this growth is not uniform, with major centres like Auckland and Wellington seeing slight price drops.

Economist Kelvin Davidson warns this upward trend may soon reverse. A slowing economy and rising mortgage rates are creating significant headwinds, with prices expected to flatten or even fall from May. This could present opportunities for First Home Buyers but challenges for sellers.