Marlborough and Kaikoura house values have continued to grow over the last year, even as values in Nelson fall, according to figures released today by Quotable Value.
Sunday, February 20th 2005, 6:59AM
by The Landlord
The average house value for a property in Marlborough has increased to $264,193, a rise of 11.6 percent over the same period last year, while Kaikoura has experienced one of the largest rises in the country, up 27.6 percent to $299,294.
But the Kaikoura figures are based on a lower number of sales, where a few high-value sales may have influenced the statistics.
Nelson has recorded a 3.1 per cent drop, with the average sale price now $307,493.
The drop in value in popular locations such as Nelson and Auckland City was balanced out by steady growth in values through New Zealand, with the national property value growth increasing by 13.5 per cent.
The average price for a house in New Zealand is now $273,474, according to the QV statistic.
