Auckland property values continue to surge ahead, up 15.2 per cent in the last year.
QV has just released its latest monthly property value index.
That showed national residential values last month up 9.2 per cent over the past year, and 2.5 per cent over the past three months.
This means they are now 11 per cent above the previous market peak of late 2007, QV said.
Adjusted for inflation, the national annual increase dropped slightly to 7.7 per cent and values remain below the 2007 peak by 4.3 per cent.