QV = Upward Surge In Prices

QV says average house price has risen to $448,929 up from $445,247 a month ago; Auckland prices up 13.1% in past year

September 9, 2013 -

House prices are still on the upward surge, according to government valuer Quotable Value (QV).

Auckland prices, which have risen 3.3% in the past three months, are now over 19% ahead of where they were during the “peak” of the previous housing boom in 2007.

And QV expects that prices will continue to go up, despite moves by the Reserve Bank to curb them.

Jonno Ingerson, QV.co.nz research director said that Auckland and Canterbury were still driving the national increase in values, with the other main cities seeing limited


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