04 September 2014
The latest monthly QV Residential Price Movement Index shows that nationwide residential property values for August have increased 6.9% over the past year and 1.7% over the past three months. This means they are now 15.8% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 5.2% and values remain below the 2007 peak by 0.8%.
The Auckland market has increased 11.4% year on year and values are up 33.0% since 2007. When adjusted for inflation values are up 9.7% over the past year and are 13.8% above the 2007 peak.