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NZ: House prices continue upward march

Posted on 11 December 2012

New Zealand house values remain high but growth is patchy and prices in some parts of the country are in retreat, Quotable Value figures show. National values rose 1.9 per cent over the past three months, by 5.7 per cent up over the past year, and were now 1.5 per cent above the previous market peak of late 2007.
QV research director Jonno Ingerson said nationwide values were driven primarily by Auckland and Canterbury, where demand outstripped supply………………………………………..Full Article: Source


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