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News Pick: A Tale of Two Cities

By www.qv.co.nz

The latest monthly QV Residential Price Movement Index shows that nationwide residential property values for June have increased 8.0% over the past year, and 2.1% over the past three months.  This means they are now 15.0% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 6.3% and values remain below the 2007 peak by 1.3%.

The Auckland market has increased 12.3% year on year and values are up 31.4% since 2007.  When adjusted for inflation values are up 10.6% over the past year and are 12.8% above the 2007 peak. 

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  • News Pick: A Tale of Two Cities

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