Australia Property News

Indices disagree over sales and values in New Zealand property market

by Ray Clancy on May 14, 2012

Residential property sales in most regions are up from a year ago

Residential property sales in New Zealand slowed slightly in April, but are up from a year ago in almost every region in the country, the latest figures from the Real Estate Institute of New Zealand (REINZ) show. Sales for April were 13.8% higher than this time last year, to a total of 5,676, according to the data.

But the latest data from the QV index shows that values in New Zealand continued rising in April and sales are still strong. QV said that values are up 0.4% over the past three months and 3.1% up over the past year. Values are now 2.9% below the previous market peak of late 2007, its data shows. [click to continue…]

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