property value growth continued to slow in February, with a cooling Auckland housing market offsetting gains in other main centres.

The average value of a New Zealand home rose 11.6 per cent to $556,306 in February from a year earlier, slowing from a 12.6 per cent annual increase in January, according to state-owned valuer Quotable Value. Values were up 0.1 per cent in the three months through February, slowing from…