NZ property values extend gains in July QV

Thu, 09 Aug 2012

By Hannah Lynch Aug 9 (BusinessDesk) - New Zealand property values extended their gains in July as homes in Auckland and Christchurch continue to appreciate amid a shortage of supply, according to government valuer Quotable Value. National property values rose 2.2 percent in the three months ended July 31 and have increased 4.6 percent over the past year, to be 0.8 percent off the market peak in 2007. "Across the main centres listings remain relatively tight leading to less choice for buyers," Jonno Ingerson, research director said in a st...

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