New Zealand property values rose 14 per cent in 2015, with the annual pace slowing from a peak in November, as regulatory curbs imposed by the government and central bank took the steam out of the Auckland market, according to state-owned valuer Quotable Value.

The average value of a New Zealand home rose to $NZ558,146 ($A522,510) in December from $NZ488,674 a year earlier, accelerating from the 4.9 per cent increase in 2014, QV said. Values rose 2.9 per cent in the three months through December, slowing from the 4 per cent pace in the…