Strong house price gains to continue in 2017, says QV

Tue, 31 Jan 2017

By Sophie Boot Jan. 31 (BusinessDesk) - New Zealand residential property values continued to rise in January, with strong growth in regional towns close to main centres like Auckland, Wellington and Queenstown, with property set to keep attracting foreign buyers. The average value of a New Zealand home rose 13.5 percent to $631,302 in January versus the same month a year earlier, data from state-owned valuer Quotable Value showed. Record migration and low interest rates have bolstered the country's housing market, prompting the central...

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