NZ house values rise at fastest annual pace in 9 years, led by Auckland

Mon, 02 Nov 2015

By Suze Metherell Nov. 3 (BusinessDesk) - New Zealand house values rose at their fastest annual pace in more than nine years, with the average home now worth more than $550,000, as the Auckland real estate market continues to surge despite new restrictions on buyers and sellers, according to Quotable Value statistics for October. National property values surged 14 percent to an average $552,345 over the 12 months through October, the fastest pace of growth since March 2006, the state-owned valuer said in a statement. Values in Auckland ju...

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