NZ property values extend gains in June: QV

Tue, 10 Jul 2012

By Hannah Lynch July 10 (BusinessDesk) - New Zealand property values extended their gains last month as homes in Auckland and Christchurch continued to appreciate amid a shortage of supply, according to government valuer Quotable Value. National property values rose 1.8 percent in the three months ended June 30 and have increased 4.2 percent over the past year, to be 1.3 percent off the market peak in 2007. That's a faster pace than the 1 percent gain in the three months ended in May. "The fastest increasing areas are Auckland and Christch...

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