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NZ: Exodus hits rural house prices

Posted on 11 January 2013

Isolated and non-metropolitan areas of New Zealand suffered big falls in property values last year as people continued to flock to the main centres.
Latest data from QV showed the biggest falls in Westland (6 per cent), Wairoa and Gisborne (5.3 per cent), Kaipara (4.3 per cent) and Waitomo (2.5 per cent), while values in Auckland and Christchurch surged, in some cases above 13 per cent………………………………………..Full Article: Source


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