NZ property values slow pace of growth in March, Auckland listings still limited

Tue, 09 Apr 2013

April 9 (BusinessDesk) - New Zealand property values slowed their pace of growth last month, though the level of listings in Auckland is still limited, according to state valuer Quotable Value. National property values increased 1.3 percent in the three months ended March 31 to $429,061, slowing from the quarterly pace of 3.2 percent in the rolling period ending Feb. 28. Values are 3.3 percent above the previous market peak in late 2007 and 6.5 percent higher than a year ago. "There are signs that the rate of increase has slowed in the las...

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