Cooling Auckland market leads slowing pace of rising national property values

Mon, 08 Feb 2016

By Paul McBeth Feb. 9 (BusinessDesk) - A cooling Auckland housing market helped slow the pace of property value growth across New Zealand as regulatory curbs imposed last year continue to dent investor demand in the country's biggest city. The average value of a New Zealand home rose almost 13 percent to $556,206 in January from a year earlier, slowing from a 14 percent annual increase in December, according to state-owned valuer Quotable Value. Values were up 0.7 percent in the three months through January, slowing from a 2.9 percent pa...

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