Wanganui property values have again dropped, as the growth rate slowed across the country last month, new figures reveal.
Average Wanganui values fell 1.8 per cent to $186,560 in the year to January. Across the region, values remained 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 since 2007.
Property Brokers Wanganui manager Philip Kubiak said the drop in values was not significant and reflected the fact that more lower-priced properties had been selling.
January sales were a marked improvement on December, with an increase of about 15 sales across all suburbs and price ranges, he said.