QV August 2011 – the regions

1

Auckland

QV's Residential Price Index for August shows that property values in the Auckland region are 2.2% higher than the same time last year. Values are continuing to increase.

Glenda Whitehead of QV Valuation said; "The quick summary of the Auckland region - there are a lack of quality listings. When properties are placed on the market they are selling quickly and for a good price. In many cases it's toward the upper end of the value range for that area or type of property. There is a hint of more properties being listed as we come into spring, and if this comes to fruition it may address what looks like a temporary supply/demand imbalance."

"Central Auckland continues to perform strongly. Quality and character properties in popular inner city locations are selling well and in some instances above expectation at auction. While there is the odd example of extreme sale prices, many sit within established value ranges" Whitehead said.