NZ property values bounce back in November

Wed, 06 Dec 2017

By Rebecca Howard Dec. 7 (BusinessDesk) - New Zealand's annual property value growth accelerated in November, coinciding with the warmer summer weather and recovering after several slow months, says state-owned valuer Quotable Value. Property values rose at an annual pace of 6.4 percent in the QV house price index, and gained 3.6 percent in the three months ended Nov. 30 to a nationwide average value of $664,698, which is 60.4 percent above the previous market peak of late 2007, the state-owned valuer said. That annual pace picked up fro...

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