Auckland home values have fallen - down nine percent on CVs released in 2021

New capital values are being released tomorrow for 630-thousand properties, with inner-city suburbs taking a bigger hit.

Central Auckland areas - including Mount Eden and Maungakiekie fell about 13 percent.

Council Chief Financial Officer, Ross Tucker, says a few reasons have driven the slump.

He says apartments and converted flats fell 12 percent - and areas with more development potential had bigger falls than average.