29 Three Month Value Change The introduction of the latest Reserve Bank lending restrictions and a slight increase in mortgage interest rates have slowed the pace of value increases in many areas. The slowdown has been most pronounced in Auckland, but Tauranga, Taranaki, Marlborough, Canterbury, Queenstown and Invercargill have also gone in to flat territory. Parts of the central North Island and upper South Island are continuing to increase at the same pace, seemingly unaffected by regulation or other market changes. At least for the time being. *Size of bubble represents the number of properties in the Territorial Authority