Where are property prices most overvalued in New Zealand?
This table shows each region in New Zealand, along with whether their median house value is overvalued or undervalued compared to where we might expect them to be. Red is overvalued. Blue is undervalued.
These figures are calculated by taking the average ratio of the NZ house price vs each region's house price over the last 29 years. We then calculate where that ratio sits today compared to that long term average.