QV data shows house prices rose 3.5% in year ended November

Tue, 04 Dec 2018

By Jenny Ruth Dec. 4 (BusinessDesk) - Quotable Value says its house price index rose 3.5 percent in the year ended November and by 1.3 percent in the past three months. The average house price nationwide is now $681,545. QV’s index is based on settled house sales and calculated on a three-month rolling average basis so its data can include house sales that went unconditional as long ago as August or even earlier. It lags the Real Estate Institute of New Zealand’s figures which are based on unconditional sales and are therefore a mor...

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