NZ house price slowdown may be short-lived in face of supply squeeze, migration: QV

Thu, 31 Aug 2017

By Sophie Boot Sept. 1 (BusinessDesk) - Annual growth in New Zealand property values growth dropped below 5 percent for the first time in five years, as inflated Auckland house prices continued to moderate after several years of rapid gains. The QV house price index rose 4.8 percent in the year to August, the slowest annual rate since August 2012 and down from an annual increase of 6.4 percent in July, state-owned valuer Quotable Value said. Values increased 1.2 percent to a national average $641,648 in the three months ended Aug. 31, mor...

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