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NZ property values up but outlook cloudy in 2012 - QV

Posted on 10 January 2012

New Zealand property values extended gains in December, though government valuer Quotable Value says the outlook is a mixed bag for 2012.

National property values rose 2.4 per cent at the end of 2011 from a year earlier and are 3.5 per cent below the peak in late 2007, QV said in a report. Values in Auckland were 4.3 per cent better than a year earlier, and underpinned the nationwide gains as a lack of new listings and good housing for sale stoking demand for quality properties…………………………………….Full Article: Source


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