NZ property values rose 10 percent in 2013; RBNZ loan limits likely to bite this year, QV says

Mon, 13 Jan 2014

Jan. 14 (BusinessDesk) - New Zealand property values climbed 10 percent last year due to the shortage of housing in Auckland and Christchurch, though Reserve Bank restrictions on low equity mortgage lending will probably start biting though the first half of this year, according to state-owned valuer Quotable Value. National property values rose 3 percent in the final three months of 2013, and are now 12.5 percent above the previous market peak in late 2007, QV said in a statement. Auckland property values climbed 15 percent and Christchurch...

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