News

Property prices stabilise with cheaper lending rates: QV

Monday 8th of June 2009

House values fell 8.1% in the 12 months ended May 31, compared to a 9.2% decline in April, and was the second month-on-month improvement since September 2007, according to QV Valuations. The average sale price fell to $371,555 last month from $372,981 in April, and is now 4.1% lower than the same time a year ago.

"The recent buoyant activity in the residential market has been fuelled by...

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