Falling Auckland prices depress national house price inflation

Wed, 05 Jun 2019

By Jenny Ruth June 6 (BusinessDesk) - Falling house prices in all but the extreme outer suburbs of Auckland and the odd pockets of weakness elsewhere in the country are keeping a lid on national house price inflation. The traditional winter lull in the market is also helping cap prices, Quotable Value says in its latest release which has yet to show the impact of the government’s decision to take a capital gains tax off the table or of the Reserve Bank’s rate cut in May. “Our major centres are seeing the market soften, with Auckland co...

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