Hamilton beats Auckland's quarterly house price gain as boom spreads

Wed, 30 Sep 2015

By Suze Metherell Oct. 1 (BusinessDesk) - New Zealand house values rose at their fastest annual pace in more than eight years, as demand for Auckland housing overflowed to nearby regions, with Hamilton prices jumping 9 percent over the past three months, according to Quotable Value. National property values advanced 13 percent in the 12 months through September to an average $542,277, the state-owned agency said in a statement. Values in Auckland jumped 23 percent over the same period to $896,676, outpacing a 16 percent rise in the nation...

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