The rates of the properties in New Zealand increases in June with Auckland listed on the top of the charts with highest value of the property in comparison to other cities in the country. The rates of the property increased nationally were 5.2% less than the rates in the year 2007 and 0.9% less than previous year’s record.

The property rates this year in Auckland were 1.4% more than previous year’s rating but 1% below the rates of the year 2007. Central Auckland prices are the highest ever, 0.7 %above the previous market peak. On the other hand, areas like Hamilton and Tauranga had marked a fall in the rates of property value by 3.6% and 1.8%.

Certain aspects like lack of quality properties for sale, strong demand for established character locations and good school zones, and the perception that purchasing in central Auckland is a safe investment influenced the rates of the region. Meanwhile, the average New Zealand sale price in the last three months was $412,746 up from the $404,057 reported last month. As per Research Director Jonno Ingerson, "Nationwide property values increased in June after previously remaining relatively stable for several months”.