House prices tick up in three months to October, Wellington stands out

Wed, 31 Oct 2018

By Rebecca Howard Nov. 1 (BusinessDesk) - Growth in house prices ticked up modestly in the three months to October, with Wellington leading gains among the major centres. The latest QV House Price Index shows nationwide residential property values have increased by 5.4 percent during the past year and were up 1 percent in the three months through October. The nationwide average value is now $681,802. “As anticipated, value growth remains modest across many areas as affordability constraints put the brakes on after a period of sustained...

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