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House prices rise only 1.8pct in last quarter

Posted on 09 October 2012

New Zealand property values extended their gains last month, and have recovered the losses seen after the global financial crisis and the bursting of the country’s housing bubble, according to government valuer Quotable Value.
However, values are still 12 per cent below the peak after accounting for inflation. National property values rose 1.8 per cent in the three months ended September 30 and are up 5.3 per cent on an annual basis, edging above the 2007 peak in late 2007………………………………………..Full Article: Source


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