NZ property values heat up in June quarter, driven by Auckland, Christchurch

Mon, 07 Jul 2014

By Pam Graham July 7 (BusinessDesk) – New Zealand property values grew at a faster pace in the June quarter as the country’s two biggest cities continued to underpin the market. Values rose 2.1 percent in the three months ended June, accelerating from a 0.7 percent three-monthly pace in May, according to state valuer Quotable Value. On an annual basis, the pace of property value gains continued to slow, rising at an 8 percent annual pace in June, and compared to an 8.2 percent in May. Values are still 15 percent above the previous peak of...

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