News

QV statistics confirm slowing property market

Monday 12th of November 2007

The latest figures show values grew 12.7% over the past year; an easing from the 13.2% reported in September.

The average sale price for New Zealand residential properties increased slightly to $406,176.

QV spokesperson Blue Hancock says, "The effect of higher interest rates and lessening buyer confidence is now reflected in a general slowdown in market activity and a shift fr...

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