During a property valuation conducted by the Quotable Value (QV), it has come to light that house values have remained stable nationwide for the month of July in New Zealand. However, it has been reported that in the coming months the house values in central Auckland and Christchurch are on the verge of increasing.

The QV’s figures are revealed on the monthly basis. For the valuation, the likeness of the buyers is given the most preference rather than on prices. The figures revealed by the QV differ with that of Real Estate Institute of New Zealand's (REINZ) figures.

The QV Research Director Jonno Ingerson informed, “Over the past three months values have increased in many parts of the country, with particular strength in the Canterbury region and parts of Auckland”. Over the last few months, this growth in house value has not touched all parts of the Auckland City, which is growing rapidly in Rodney, North Shore and Waitakere.

In the report over house values, it has come to light that throughout the Christchurch's house values have remained volatile. First it witnessed a rise soon after the September quake, then a fall before the February quake, and then again rose afterwards. To believe the report, values across Christchurch have grown 1.1% over the last 3 months and are now 0.5% above the same time last year. It is believed that the increase in recent months is due to increased demand for properties in undamaged areas particularly in the West and North of the City.