Whangarei and Kaipara property values have risen in the past year, but new figures reveal the Far North has lost ground.
Kaipara values led the charge with a 4.3 per cent increase in the year to October to an average value of $320,450, followed by Whangarei which recorded a 2.4 per cent increase to $330,727, according to state valuer Quotable Value.
But the Far North suffered a 6.1 per cent slump, with average values dropping to $298,319.
Across the region, values remain well down on the 2007 market peak, the figures show.
New Zealand property values rose at an 8.9 per cent annual pace to hit an average value of $457,312, driven by a shortage of houses in Auckland and Christchurch.