Residential property values have stabilised nationally, but still vary considerably between regions and centres.
The latest monthly figures from valuation company Quotable Valuation show national values remained unchanged between December and January after months of slowing declines.
Rotorua's values were marginally down 0.8 per cent to $272,260 during that period- an improvement on January's 3.3 per cent drop. Taupo's decline slowed from 7.1 per cent down to 5.6 per cent down, while Whakatane's drop increased from 3.3 per cent to 4.4 per cent.
QV research director Jonno Ingerson said the national stabilisation was positive compared to the previous months, but needed to be viewed in context.
"Values across the combined main centres have been stabilising, while across combined provincial and rural areas values have continued to slide."
"With the Christmas holidays over and people settling back into their routines, some will now be considering their plans for the year and beginning to act on them. However it is still too early to tell whether the property market in 2011 will be any different to 2010."
