QV says NZ home values rose 12% in year to April

Wed, 04 May 2016

By Tina Morrison May 4 (BusinessDesk) - New Zealand residential property values increased in the year through April, aided by low interest rates. The average value of a New Zealand home rose 12 percent to $568,058 in April from the year earlier, up from an 11.4 percent rate of increase in the March year, according to state-owned valuer, Quotable Value. Growth in Auckland house values slowed to a 16.5 percent annual pace in April, from a 16.9 percent in March, taking the average value in the region to $942,760. Auckland realtor Barfoot...

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