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Kiwis prices sliced open

A brand new website has shone a light on the nation's house values, revealing the gains and losses of almost every Kiwi homeowner, including famous faces.

Nosy neighbours will be in heaven with the launch of the ultimate sneak peak.

The QV My House Value Tracker allows you to type in a specific address, and see how that house's valuation has tracked over the past 24 months.

Steve Langridge, QV's General Manager of Sales and Marketing, told the New Zealand Herald on Sunday newspaper that the sophisticated new tool had been created because of keen interest from homeowners wanting to know the value of their biggest asset - even if they had no plans to sell.

"There has been a lot of talk about what's happening across the country and across different cities. But what does that mean for the owner of a particular property?" Mr Langridge went on to say.

People can access the site, which is free for the month of September, and then asks those who are interested in the service to sign up for NZ$10 (around £3) so they can keep tracking their home's value over the coming 12 months.

QV used comparable sales in the immediate area to calculate the value of each home.

The results were then plotted on a month-by-month basis, from September 2006-September 2008 and were available for 94 per cent of the country's residential properties.

Whilst many homeowners will be keen to track the value of their and their neighbour's homes, figures from the New Zealand Real Estate Institute figures would be a more realistic and reliable guide.  

To browse New Zealand property for sale, visit new-zealand.themovechannel.com/