NZ property values rise at a 7.1 percent annual pace, led by Auckland and Christchurch

Mon, 10 Jun 2013

By Tina Morrison June 10 (BusinessDesk) – New Zealand property values held their annual pace of growth last month, as demand outstripped supply in Auckland and Christchurch, according to state valuer Quotable Value. National property values increased 7.1 percent in the 12 months ended May 31, matching the annual pace for April, the agency said in a statement. Property values increased 1.7 percent in the three months ended May, up from a 1.3 percent quarterly pace in April, it said. “Values are increasing fastest in Auckland and to a lesser e...

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