House price inflation stalls as lending restrictions bite: QV

Tue, 04 Apr 2017

By Pattrick Smellie April 5 (BusinessDesk) - New lending restrictions imposed late last year appear to be behind a slowdown in the pace of house price inflation in the first three months of this year, but the impact may not last. The latest QV House Price Index from government-owned Quotable Value shows that while national property values increased on average by 12.9 percent over the year to March 31, the increase in the last three months was just 0.6 percent. However, in the overheated Auckland housing market, QV warns the impact of t...

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