NZ residential property values lift 7.3% in year to March

Wed, 04 Apr 2018

By Rebecca Howard April 5 (BusinessDesk) - New Zealand residential property values continued to rise in the year to March, but while there was a seasonal pickup in activity, sales volumes were lower than usual as the market continues to show signs of easing. The average value of a New Zealand home rose 7.3 percent to $677,618 in the year to March, data from state-owned valuer Quotable Value showed. Record migration and low-interest rates have been bolstering the country's housing market, prompting Reserve Bank restrictions on more hig...

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