Whatever QV wants to make us believe, we should only take note of the main centres such as Auckland up 10.7%, Hamilton up 2.7%, New Plymouth up 3.6%, Stratford up 4.5% , Christchurch up 6.2% and Dunedin up 2.0% giving an average increase of 5.03%
Backwaters and depressed areas should be separated out to obtain a clearer picture.
Property values rise at slowest pace in 15 months – QV
Monday Oct 6, 2014
New Zealand property values rose at the slowest annual pace in 15 months in September, while certainty after the general election, new spring listings and interest rates remaining on hold renewed interest in the market, according to state-owned valuer Quotable Values.
Property values rose 6.4 percent nationwide in September from a year earlier, slowing from an annual pace of 6.9 percent in August, according to QV. Housing values are now some 16 percent above the previous market peak in 2007.