The latest monthly QV Residential Price Movement Index shows that nationwide residential property values for May have increased 8.2% over the past year, and 0.7% over the past three months. This means they are now 13.9% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to […]
Residential Property values in Auckland City Central are showing the largest increase over the past three months, up 5% since February 2014….
Quotable Value (QV), the New Zealand Government Valuer, reports that “Auckland’s prices have risen some 15.2% in the past 12 months – with the rate accelerating in November, up from 14.5% as of October. Auckland’s average price has risen by over $90,000 in the past 12 months.” Average Auckland house prices climbing to $685,350 in November 2013, up from $676,053 in Octobe
A summary of the Auckland residential property market conditions as of August 2013
12 September 2013 QV New Zealand reports that the New Zealand property value index shows that nationwide residential values continued to increase in August. Values have increased 8.5% over the past year, with an increase of 2.9% over the past three months. Jonno Ingerson, QV.co.nz Research Director said “Auckland and Canterbury are still driving the […]
12 September 2013 Auckland property values have been growing strongly in Auckland over the past few years and many buyers have been struggling with the current market conditions this situation may be in no way unusual according to QV New Zealand. QV’s analysis of the Auckland residential property market over the last 30 years show […]
12 September 2013 BNZ Economist Tony Alexander, in a redcent Weekly Overview sees accelerating population growth through migration putting more pressure on New Zealand housing. Alexander said that When the net migration figure for the last quarter are annualised “we get a gain of near 24,000”. He regards these annualised migration gains as moving into […]