NZ house values ease but QV says lower value properties selling faster

Tue, 31 Jul 2018

By Rebecca Howard Aug 1 (BusinessDesk) - New Zealand house values eased in the past three months as lower value, more affordable properties sold at a faster rate, due to continued demand from first home buyers, according to Quotable Value. National residential property values fell 0.7 percent in the three months through July and the nationwide average now sits at $673,797, QV said. The annual increase was 5.1 percent in July or 3.5 percent adjusted for inflation, QV said. In the Auckland region property values fell 0.1 percent to an av...

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