House Values Show 22% Growth
New Zealand has experienced its highest annual growth in the 13 years since the House Price Index was introduced, Quotable Value (QV) announced today. New Zealand’s overall QV House Price Index shows a growth of 21.9 percent in property values for the year ending December 2003.
Friday, February 27th 2004, 5:30AM
by The Landlord
Areas to achieve annual growth rates in excess of 20% per annum for the year ended December 2003 included Nelson City 41%, Dunedin City 34%, Invercargill 33%, Napier City 32%, Christchurch City 27%, Waitakere City 24%, Tauranga 23%, and North Shore City 21%. Very few areas in New Zealand experienced growth levels of less than 10% in 2003, Mr. Hancock said.
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