Auckland buyers getting desperate: QV
It has released its latest round of statistics, which show that national house prices are 7.1% up on last year, and 1.7% up over the last three months. Prices are now 5% higher than their previous peak.
QV research director Jonno Ingerson said values were increasing fastest in Auckland, followed by Christchurch. Other centres’ prices were increasing at a more modest rate, and were often affected by localised economic conditions.
But he said prices in the country’s biggest cities were showing no signs of cooling.
“Given that the current increase in values in Auckland and Christchurch is largely driven by strong demand and short supply, values are likely to continue to increase in the coming months.”
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