Housing market brakes go on
The brakes have gone on the housing market, with new Quotable Value figures showing price growth slowed significantly in the June quarter.
Saturday, August 21st 2004, 5:08AM
by The Landlord
Its house price index showed growth for the April-June quarter was down to 1.9 per cent, well behind the 5 per cent growth rate for the March quarter.But the annual growth rate of 22 per cent to June was still well above the 15.5 per cent growth rate for the year to June 2003.
The house price index has risen every quarter for the past three years.
Napier was the star performer with an increase of 6.1 per cent for the last quarter – the only area to record growth of more than 4 per cent, Quotable Value said.
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