QV: LVR move won't slow market
QV has just released its latest monthly property value index, which shows that nationwide values have risen 8.5% over the past year and 2.9% over the past three months.
But, as has been the case for a while now, the picture was quite different for regional New Zealand, compared to Auckland and Christchurch.
Ingerson said: “Auckland and Canterbury are still driving the national increase in values, with the other main cities seeing limited growth. The provincial centres have tended to be more variable, although for much of the year many have been slowly increasing. In the last couple of months however values have flattened or even declined in many provincial areas. It is not yet clear if that is likely to continue or was just a temporary slowdown.”
He said Auckland and Christchurch were being driven by a lack of supply, so LVR restrictions would only have a limited impact.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
