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NZ: National residential property values push on above the 2007 market peak

Posted on 08 November 2012

Having climbed above the previous 2007 market peak in September, national residential property values continued their rise in October, and now sit 1.1% above the peak of five years ago, government valuer Quotable Value (QV) says.
Jonno Ingerson, QV.co.nz research director, says national values are up 1.9% over the past three months and 5.7% over the last year, with the average current value now NZ$420,048. “As a result, values are now 1.1% above the previous market peak of late 2007,” says Ingerson………………………………………..Full Article: Source


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