Efforts to dampen housing market not working yet
The latest QV House Price Index shows the average value nationally increased 8.9% in the past three months, up from the 7.8% quarterly growth in March.
The national average value now sits at $913,209, an increase of 21.4% year-on-year, up from 18.2% last month.
Auckland region’s average house prices are up 8.2% over the past quarter, with annual growth of 19%, up from March’s year-on-year growth of 16.1%.
Of the 16 major urban centres monitored, all except Napier City and Queenstown Lakes District are showing an increase in quarterly growth compared to last month.
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