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Property values up with Auckland leading the charge

Wednesday 12th of October 2011

"Nationwide property values have been gradually increasing for the past six months and are now 0.7% above the same time last year and 4.6% below the market peak of 2007," said QV research director Jonno Ingerson.

He said much of the nationwide increase over the past few months is attributable to Auckland and to a lesser extent, Christchurch, with values across the rest of the country varied.

"Values in the Auckland area have increased 3.7% since January, and are now 3.4% above the same time last year. As a result of these recent increases, values are now 0.6% above the previous market peak of late 2007," said Ingerson.

"The old Auckland City continues to have the fastest increasing values within the Super City having increased 5.4% since January, and 4.6% over the past year. Values are now 2.6% higher than the 2007 market peak. North Shore has increased 3% over the past year, Waitakere 2.3% and Manukau 1.9%."

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Latest Comments
FMA outlines its latest expectations for advisers
Paul Flood: The danger is that the 'goalposts' (regarding what is acceptable or unacceptable adviser conduct) may be susceptible to change. Our 'Principles based' legal/regulatory environment lends itself to “prevalence-induced concept change” over time, perhaps not so much in the written laws and Code, as in the interpretation of the prescribed principles.
3 hours ago Steve Wright
FMA outlines its latest expectations for advisers
Just a tip, if you use more than six, six letter words in a sentence you lose most Kiwi's. So avoid client/adviser confusion when writing your post or article if you would like it read and understood. Ironically, my last sentence was not likely read.
5 hours ago Backstage
FMA outlines its latest expectations for advisers
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2 days ago Jon-Paul Hale
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2 days ago Jon-Paul Hale
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To correct errors in my previous post: "policies, templates, and controls" should read "policies, processes, systems and controls", and "is more conductive" should read "is more conducive".
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