Larry Williams Drive

Auckland home values have fallen, down nine percent on CVs released in 2021. New capital values are being released tomorrow for 630,000 properties, with inner-city suburbs taking a bigger hit. Central Auckland areas - including Mount Eden and Maungakiekie - fell about 13 percent. Auckland Council Group CFO, Ross Tucker, says a few reasons have driven the slump. "We've seen apartments fall 12 percent, converted flats fall 12 percent as well - also, we're seeing some of the areas where there's a lot of development potential have bigger than average falls." LISTEN ABOVESee omnystudio.com/listener for privacy information.