Christchurch home values still rising, but market show signs of slowing

Property analyst CoreLogic says the average home value in the city in April was $594,000 – 15.1 per cent higher than a year ago. It recorded a 6.9 per cent increase in values during the three months from the start of February to the end of April.

CoreLogic’s head of research, Nick Goodall, said 27 per cent of those buying Christchurch homes so far this year were investors with mortgages.