NZ house values accelerate at fastest annual pace in 8 years, pushed by Auckland surge

Tue, 01 Sep 2015

By Suze Metherell Sept. 1 (BusinessDesk) - New Zealand residential property values rose at their fastest annual pace in eight years in August, pushed higher by overflowing demand in Auckland, which is showing signs speculators think it has reached its peak, according to Quotable Value. National property values advanced 11.3 percent in the 12 months through August to an average $543,331, the state-owned agency said in a statement. Values in Auckland jumped 20.4 percent over the same period to $874,851, outpacing a 13.9 percent rise in the...

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