QV: Price rise slowdown continues
It has released its latest Residential Price Movement Index, which shows that nationwide, prices have increased 6.9% over the past year and 1.7% over the past three months.
That is a drop from a 10% year-on-year increase reported in December.
The Auckland market is up 11.4% year-on-year and up by a third since 2007.
Spokeswoman Andrea Rush said: “Home values in Auckland, Christchurch and Tauranga are still increasing but at a slower rate than this time last year. Hamilton and Dunedin home values have decreased slightly and Wellington values are continuing to show the downward trend seen over the past few months. Sales volumes and home loan approvals are down year-on-year and interest rate rises, LVR restrictions and the upcoming election appear to be keeping the number of homes on the market low as well.”
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