Property values continue to climb despite predictions
In the face of dire predictions from economists, property prices continued to steam higher last month Quotable Value (QV) said.
Tuesday, July 12th 2005, 6:09AM
by The Landlord
QV said property values increased 14.2 per cent in the year to June, up from 13.5 per cent in the year to May."Despite thoughts that the property market is about to enter a slowdown period, we are still seeing increasing levels of growth in property values across most areas of the country, QV's Blue Hancock said.
Mr Hancock said Nelson was the only region seeing a decline in property values, easing 1.3 per cent in the year to June.
According to QV, residential property values in Hamilton grew by 23.6 per cent in the June year - the most of any main centres, followed closely by Dunedin at 22.1 per cent and Christchurch at 18.5 per cent.
Wellington residential properties grew in value by 8.9 per cent while Auckland City properties grew by 5.7 per cent.
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