NZ property values plateau as turnover dries up in face of lending curbs, QV says

Tue, 02 May 2017

By Paul McBeth May 3 (BusinessDesk) - New Zealand property values stalled in the three months through April as tighter credit conditions and restrictions on riskier mortgage lending has seen dwindling sales numbers, says state-owned valuer Quotable Value. The QV house price index showed the nationwide average property value was $631,147 in April, up 11 percent from a year earlier in what's the smallest annual gain since July 2015. Over the three months ended April 30, national property values were unchanged due in large part to a 0.4 per...

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