NZ house values rise at fastest pace in 9 years, Auckland may be slowing

Mon, 30 Nov 2015

By Tina Morrison Dec. 1 (BusinessDesk) - New Zealand home values rose at their fastest annual pace in more than nine years in November, although there are some signs the pace of growth may be slowing in the overheated Auckland market. The average value of a New Zealand home jumped 15 percent to $555,729 in November compared with the year-earlier month, Quotable Value said in a statement. Values in Auckland rose 24 percent to $931,807. Auckland's property market has been on a tear as migrants and investors compete for limited housing st...

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