45 The slow and steady increase in values from 2014 to 2016 has been replaced with an effectively flat rate of no growth in 2017. There has been a drop in values in Banks Peninsula, whereas values in Christchurch Southwest have maintained a small amount of growth over the last 12 months. Average Value of Housing Stock - Christchurch Annual and Quarterly Value Change - Christchurch June 2017 Current Value 3 months 12 months Since 2007 peak Banks Peninsula $507,672 0.6% -1% 6% Christchurch Central & North $586,427 0.0% 1% 32% Christchurch East $372,246 -0.1% 0% 20% Christchurch Hills $664,643 -0.8% 0% 20% Christchurch Southwest $475,906 -0.3% 2% 40% Christchurch Values