Property values in Whangarei and Kaipara continue to climb but the Far North has again slumped, new figures reveal.
Kaipara values led the way with a 7.4 per cent increase in the year to January to an average value of $325,117, followed by Whangarei which recorded a 2.7 per cent rise to $335,273 according to state valuer Quotable Value.
But the Far North again suffered a slump, with average values dropping 3.9 per cent to $300,444. Across the region, values remain well down on the 2007 market peak.
Nationwide, values increased 9.6 per cent over the past 12 months to $467,499, and are up 12.8 per cent on the 2007 market peak. QV Whangarei valuer Jeff Robinson said property values had been slowly increasing in Whangarei and the number of properties on the market had grown.
"With the summer months being the best time to sell coastal properties there have been more properties on the market in the seaside areas.