QV stats hide big discrepancies

QV has released its statistics for January, which show prices are up 1.5%  over the past three months, 6.2% on a year before and now 2.6% above their peak.

Research director Jonno Ingerson said the increase in values was no longer just a Christchurch and Auckland story.

“Over the last month or two values have also begun rising again in most of the other main cities and provincial centres. While the rate of value increase is not as fast as Auckland and Canterbury, it does signal an increase in confidence across most of the country.”

But some areas are still very much lagging.