NZ property values rise at 8.4 percent annual pace in September, led by Auckland, Christchurch, QV says

Tue, 08 Oct 2013

By Tina Morrison Oct 9 (BusinessDesk) – New Zealand property values rose at an 8.4 percent annual pace last month ahead of the introduction of low-equity home lending restrictions, with the increases driven by a shortage of houses in Auckland and Christchurch, according to state valuer Quotable Value. Auckland property values rose at a 13.6 percent annual pace while Christchurch values are 10.8 percent above last year, the agency said. The national pace slowed from an 8.5 percent annual growth in August. “Nationwide values continue to rise...

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