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QV June 2011 Report - the regions

Monday 11th of July 2011

Auckland

QV's Residential Price Index for June shows that property values in the Auckland region are 1.4% higher than the same time last year.  Values have continued to increase, a trend we have seen over the past couple of months.

Glenda Whitehead of QV Valuation said, "the news in Auckland is positive. There were improvements in values for most parts of the region, but the recovery has been slow and not evenly spread."

Whitehead said, "old Auckland City values had the biggest monthly movement, moving past the October 2007 market peak.  It is now sitting just under a percentage point above that level.  The gains in the Auckland City area are perhaps due to the lack of listings, old character locations, the demand for a good school zone, and the perception it is a safe place to invest".

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