'Frenzy' goes out of NZ housing market as investors subside, banks tighten lending: QV

Wed, 01 Nov 2017

By Sophie Boot Nov. 2 (BusinessDesk) - New Zealand property value growth slowed to an annual pace of 3.9 percent in October as inflated Auckland house prices fell for the first time in six years. The QV house price index posted the lowest rate of annual growth since June 2012 last month, state-owned valuer Quotable Value said. Values increased 0.9 percent to a national average $646,807 in the three months ended Oct. 31, more than double the previous market peak in late 2007. The slowdown was once again led by the Auckland region proper...

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