NZ property values rise at fastest pace in more than a year in June on Auckland demand

Thu, 02 Jul 2015

By Tina Morrison July 2 (BusinessDesk) - New Zealand property values rose at the fastest pace in more than a year in June, as a shortage of homes in Auckland prompted house-hunters to cast their net wider to surrounding areas. National property values accelerated 9.3 percent in the 12 months through June to $520,585, matching the pace in February last year. Values in the Auckland region surged 17 percent to $840,165, the fastest pace since 2004, according to state-owned agency Quotable Value. House values in Auckland city jumped 18 per...

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