The use of capital value (CV) as a measurement of what homes may be worth is a grey area for both sellers and buyers and most real estate agents see little relevance in CV data.
Dunedin and Invercargill have outstripped all cities around the country with average house prices up 11%-12% during the past year - more than triple the countrywide average of 3.5% gains.
The tough lending rules that set deposit levels for home buyers could be relaxed this week in response to a flattening property market, although economists warn the Reserve Bank will move cautiously and keep a close eye on debt.
Property managers are making up for a ban on letting fees by introducing a new charge for landlords.
Southern regional median house prices have taken off again, Otago and Dunedin hitting record prices of $480,000 and $430,500 respectively.
House-price growth may have peaked across much of the country as the housing market edges closer to becoming a "buyer’s market", ASB chief economist Nick Tuffley says.
A real estate agent who sold a Wellington home with rot and "bogged" weatherboards has been ordered to pay $35,000 by the industry's disciplinary tribunal after the owner suffered losses of more than $200,000.
There does not appear to have been a surge of foreign house buyers trying to get into New Zealand's housing market, before new rules disqualified them.
Everyone in New Zealand is entitled to having an opportunity of home ownership, the current Government says.
New Zealand's 1.5 million tenants in the country's 546,000 rental properties could be subject to a new three strikes pre-eviction policy under a proposal from the country's largest landlord group.
A ban on letting fees for tenants could be in place as early as December to protect renters during the peak summer period.
House values in Dunedin are continuing their upward trend, increasing 10.4% in the year to September and 2.4% over the past three months.
New Zealand households are particularly concerned about the outlook for their own finances and the general economy over the next year, Westpac chief economist Dominick Stephens says.
First-home buyers are increasingly jumping back into the housing market as near-record low interest rates and predicted price falls help them rekindle the Kiwi dream of home ownership, experts say.
Queenstown and Auckland house prices will "clearly" be hurt by the upcoming foreign buyer ban, Westpac says.
New Zealand's house prices have been ranked the most overvalued in the developed world behind only Hong Kong.
Annual growth rates in house values around Otago and Southland continue to climb, but growth over the most recent quarter reveals an easing to 3% or less for most places.