New Zealand property values rise at a 7.6 percent annual pace in June

Tue, 09 Jul 2013

By Tina Morrison July 9 (BusinessDesk) – New Zealand property values rose at a 7.6 percent annual pace last month, as demand continued to outstrip supply in Auckland and Christchurch, according to state valuer Quotable Value. Property values stepped up the pace from last month when they increased at a 7.1 percent annual rate, also driven by demand in Auckland and Christchurch. Values increased 2.8 percent in the three months ended June 30, up from a 1.7 percent quarterly pace in May, the agency said. “The strong increase in values is largely...

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