NZ property value growth perks up in April as regions offset Auckland declines

Tue, 30 Apr 2019

By Paul McBeth May 1 (BusinessDesk) - New Zealand property values rose at a faster annual pace in April than in March, with regional increases offsetting a steady decline in Auckland. Annual house price growth accelerated to 2.7 percent in April from 2.5 percent in March, though still down from the 7.6 percent pace clocked in April 2018, according to Quotable Value figures. Auckland values declined at a 1.5 percent annual pace, unchanged from March, as the country's biggest property market continues to cool in the wake of tighter lend...

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