Average residential property values increased by 1.1% across the country in the three months to September and 6.4% in the year to September, according to the QV Residential Price Movement Index.
However although values were continuing to rise, the rate was growth was slowing, QV's national spokesperson Andrea Rush said.
Around the major urban areas, average values increased in Auckland, Christchurch and Dunedin over the last three months, were flat in Tauranga and declined in Wellington and Hamilton.
Average dwelling values in Auckland increased by 1.8% in the three months to September and 10.3% for the year with values rising in all parts of the city.
The biggest rise in values in Auckland occurred in Manukau where property values were up 2.1% in the last three months.
In Hamilton property values declined by 0.9% over the last three months but were still 2.7% up on the previous year.
Housing values in Tauranga were unchanged over the last three months but up 4.5% on a year earlier.
Wellington values declined by 0.9% over the last three months and were up a marginal 0.3% for the year.
In Christchurch values increased by 0.3% over the last three months and were up 5.1% for the year.
See below for QV's average property values for most major urban areas and the change over the last 12 months:
| Average Dwelling Value $ | 12 Month Change % | |
| Whangarei | 338,274 | 3.1 |
| Rodney | 680,760 | 10.6 |
| North Shore | 864,488 | 10.6 |
| Waitakere | 570,595 | 11.1 |
| Central Auckland (isthmus) | 861,978 | 8.6 |
| Manukau | 609,974 | 12.2 |
| Papakura | 438,569 | 11.9 |
| Franklin | 475,690 | 12.3 |
| Hamilton | 362,299 | 2.7 |
| Taupo | 333,055 | -4.7 |
| Tauranga | 452,225 | 4.5 |
| Rotorua | 276,959 | 0.5 |
| Whakatane | 292,892 | -1.4 |
| Gisborne | 232,250 | 0.1 |
| Hastings | 295,559 | -2.9 |
| Napier | 329,108 | 1.4 |
| New Plymouth | 350,569 | 3.6 |
| Stratford | 203,353 | 4.5 |
| Wanganui | 179,228 | -6.2 |
| Palmerston North | 284,880 | -0.4 |
| Kapiti Coast | 376,988 | 3.2 |
| Porirua | 370,982 | -1.5 |
| Upper Hutt | 333,922 | -0.4 |
| Lower Hutt | 369,578 | -1.7 |
| Wellington City | 533,396 | 1.4 |
| Masterton | 239,538 | 1.9 |
| Nelson | 405,688 | 1.7 |
| Marlborough | 339,693 | -2.4 |
| Grey District | 211,598 | -2.9 |
| Christchurch East | 344,391 | 3.9 |
| Christchurch Hills | 618,508 | -0.3 |
| Christchurch Central & North | 540,968 | 7.1 |
| Christchurch Southwest | 442,190 | 7.7 |
| Timaru | 283,315 | 3.1 |
| Queenstown Lakes | 669,999 | 3.9 |
| Dunedin Central & North | 297,462 | 1.2 |
| Dunedin Peninsula & Coastal | 264,192 | -1.4 |
| Dunedin Taieri | 300,735 | 2.0 |
| Invercargill | 207,103 | 0.3 |
| Total NZ | 481,497 | 6.4 |
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