Residential property value increases slowdown
07 August 2014
The latest monthly QV Residential Price Movement Index shows that nationwide residential property values for July have increased 7.6% over the past year and 2.3% over the past three months. This means they are now 15.6% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 5.9% and values remain below the 2007 peak by 0.9%.
The Auckland market has increased 11.7% year on year and values are up 31.8% since 2007. When adjusted for inflation values are up 9.9% over the past year and are 12.9% above the 2007 peak.
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