Property values rise again in April

New Zealand property values saw a minor 0.1% rise in April, the third consecutive monthly increase. However, this national trend masks a regional divide, with key markets like Auckland and Wellington experiencing slight drops.

Economist Kelvin Davidson warns that economic headwinds and rising mortgage rates will likely slow momentum. He suggests prices could flatten or even fall from May onwards, creating a more challenging environment for sellers.

This potential cooling may present opportunities for first home buyers.