Piha property prices have fallen 10% from the last valuations according to an Auckland Council revaluation, one of the biggest falls of anywhere in the region. Piha shows the trend along with some other coastal areas, such as Muriwai (14.87%), Gulf Harbour (14.9%), Kawau Island (15.21%), Mahurangi (10.19%) and Great Barrier Island (14.25%).

While this bodes well for rates, it is not so good if you are wishing to sell your property.

For more go here http://www.stuff.co.nz/auckland/local-news/5722491/Auckland-property-values-jump