Slowing growth trend continues - QV
The latest QV House Price Index shows that national residential values increased by 2.0% over the past three months and by 12.4% year-on-year to hit an average value of $624,675.
Once adjusted for inflation, the annual increase dropped slightly to 12.1%, which leaves values 27.8% about the previous market peak in 2007.
However, the annual value increase recorded in November was at the slowest rate since May 2016.
In a similar vein, Auckland’s average value rose by 3.7% over the past three months and by 12.8% year-on-year to reach $1,051,387.
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