Song of subdued values remains the same
Nationwide values grew by 0.9% over the three months to January and by 2.9% over the past year, leaving the national average value at $684, 468.
In a similar vein, many markets around the country saw drops in the rate of quarterly value growth in January as compared to recent months.
This was particularly evident in centres like Dunedin and Wellington which have seen strong growth of late.
Wellington saw quarterly growth of between 1.9-3.9% over the previous five months, but value growth dropped to 1.1% in January. This left the region’s average value at $693,448.
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