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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