NZ property value growth slows in September as election weighs on listings

Sophie Boot
Tue, 03 Oct 2017

By Sophie Boot Oct. 4 (BusinessDesk) - Annual growth in New Zealand property values continued to slow in September, staying below 5 percent, with the normal spring surge in listings not eventuating which kept the market from dropping further. The QV house price index rose 4.3 percent in the year to September, down from an annual increase of 4.8 percent in August, state-owned valuer Quotable Value said. Values increased 1.1 percent to a national average $646,378 in the three months ended Sept. 30, still 56 percent higher than the previous...

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