Property prices continue steady rise in April, says QV
Values are up 0.4% over the past three months and 3.1% higher than in April 2011 to sit 2.9% below the previous market peak of late 2007.
"Nationwide values have once again increased slightly in the past month, continuing the trend that has persisted for the past year," said QV valuer Glenda Whitehead.
"The marginal drop in values in March appears to have been a temporary blip. There continues to be variability across the country but slight increases in values in parts of Auckland, Wellington, Hamilton and several of the provincial centres are helping to push up nationwide values."
Whitehead said sales activity had been strong for the past few months with volumes at the highest level since 2007, citing an increase in confidence among first time buyers who are particularly active in most of the main centres.
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