Steady demand makes for rising values
Not only is this the second month in a row this has happened but the average national value has grown strongly too, according to QV’s House Price Index.
It was up by 4.4% year-on-year to and is now $714,747. This represents an increase of 2.5% over the past quarter.
QV general manager David Nagel says that while the volumes of transactions was low in January, there’s still plenty of interest from potential buyers looking at the limited stock on offer.
“This steady demand from right across the spectrum of buyers, coupled with the shortage of listings has meant values are continuing rise”.
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