NZ property values keep rising in January, gains extend beyond Auckland, Christchurch

Sun, 10 Feb 2013

Feb. 11 (BusinessDesk) - New Zealand property values continued to rise in January, though those gains are extending beyond Auckland and Christchurch where limited supply has led to inflated sale prices. National property values rose 1.5 percent in the three months ended Jan. 31 to $426,452 and are up 6.2 percent over the past year, according to state valuer Quotable Value. That's the same rolling three-monthly pace of growth from December, and up from the 5.7 percent annual increase. Property values are now 2.6 percent above the last peak in...

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