No sign of drop in property values
Property values are defying the doomsayers.
Thursday, October 13th 2005, 7:43AM
by The Landlord
It has long been predicted the residential market was about to level out, but Quotable Value statistics indicate there is still steady growth.Residential properties increased in value by 14.9 percent for the year to September, up from 14.7 percent annual growth to August.
Hamilton has seen the biggest increase in values of all the main centres, up 27 percent for the year to September.
Dunedin and Christchurch were not far behind on 23 and 19 percent respectively. Auckland was only up 5.8 percent, but that is still up from 4.4 percent annual growth to August.
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