Signs the market is turning, despite a new high for house prices

In March the Government announced measures aimed at dampening the growth of the property market.

The latest QV house price index reveals the average value of a home increased 8.9-percent nationally, over the three month period to April.

That's up from 7.8-percent in the three months to March.

But QV General Manager David Nagel says there are signs the market will eventually slow down.

He says real estate agents are reporting fewer people at open homes, fewer investors at auctions and even a reduction in the number of first home buyers.