The latest statistics in from QV property data, shows values are continuing to drop in Auckland and Hamilton, and their rate of increase has slowed considerably.
And here is a chart I find interesting. A 14 year trend of the property market. It shows when values rose to a peak in 2007 before the Global Financial Crisis (GFC). Then values rebounded in most main centres during 2010 then remained flat for several years before rising in Auckland from 2012 and elsewhere from 2015. Then the LVR (loan to value restriction) and investor tax requirements came into effect last year slowed the Auckland market down which we see in the current, balanced market.