NZ house values fall in 'buyer's market', Auckland drops less than national average, QV says

Tue, 03 Jul 2018

By Jonathan Underhill July 4 (BusinessDesk) - New Zealand house values fell in June in a slower market that Quotable Value says reflects restrictions placed on buyers by the central bank and government. National residential property values fell 0.3 percent in the three months through June and the nationwide average now sits at $675,680, QV said. The annual increase was 5.7 percent or 4.6 percent adjusted for inflation, QV said. The Auckland region did marginally better in the quarter, with property values falling 0.2 percent to an average...

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