NZ house values rise at fastest pace in 15 months, while Auckland prices jump most in 11 years: QV

Tue, 09 Jun 2015

By Suze Metherell June 9 (BusinessDesk) - New Zealand residential property values increased at their fastest annual pace in over a year, as Auckland housing prices clock the biggest gain in over a decade, fuelled by record migration and low interest rates. National property values rose 9 percent in the 12 months ended May 31, the fastest pace in 15 months and accelerating from 8.3 percent in April, according to state-owned value Quotable Value. Meanwhile values in Auckland, the country's most populous city, rose 16.1 percent in May, the...

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