Annual house price growth slows for fifth month - QV

Tue, 02 Oct 2018

By Gavin Evans Oct. 3 (BusinessDesk) - Growth in house prices slowed for a fifth month, led by declines in Auckland and Christchurch, according to state-owned valuer Quotable Value. Sale prices in September averaged $676,427 nationwide, 4.6 percent more than a year earlier, or 3.1 percent after adjusting for inflation. But the headline increase has fallen from almost 8 percent in the year ended April, and was the lowest since October 2017 when QV reported a 3.9 percent annual increase. And for the fourth month running, QV has report...

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