Victims of property investor Blue Chip and those disenchanted with paying high leasehold fees are offering units for sale today.

New Zealand house values rose 1 per cent in the 12 months ended November 30, up from a 0.20 per cent gain in the period through October, says QV Valuations.

Two years on from the heady days of 2007, Devonport has weathered the property bust better than anywhere else in Auckland.

Lombard Finance receiver PricewaterhouseCoopers says investors will receive a repayment later this month of 6.5 cents for every dollar invested.

Auckland's house price surge has prompted a warning that over-valuations are creating a bubble that will burst.

Auckland property has now recovered all the losses experienced over the past two years, says real estate company Barfoot & Thompson.

A well known and "trusted" company is likely to offer Hanover and United investors a rival offer to Allied Farmers' proposal, a source says.

While hurting Hanover investors struggle with the loss of millions, the company's owners continue to splurge on upmarket properties.

Hanover investors will have to make a decision whether to approve the company's proposed debt-for-equity swap with Allied Farmers.

The $400 million deal by Allied Farmers to buy assets from Hanover Finance has been greeted with scepticism.

Hanover owners Eric Watson and Mark Hotchin are tipped to come off well from a proposed deal to bail out investors.