House prices hit a new high in November, climbing 1.5% above the previous peak in 2007. QV’s latest monthly index shows property values rose nearly 2% in the last three months, and almost 6% over the past year.
The increase was driven by demand outstripping supply in Auckland and Canterbury though QV says there are signs of a slowdown, even in parts of Auckland. The market remains subdued outside Auckland and Canterbury, with buyers cautious and few quality properties for sale………………………………………..Full Article: Source