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http://www.stuff.co.nz/business/ ... t-of-housing-market
Some of the steam may be may be coming out of the housing market, according to the latest figures from Quotable Value (QV).
According to QV's latest residential property value index, the recent growth of property values slowed in January, led by a slight fall in in central Auckland, from December figures.
"Property-value growth has slowed down in the first month of the year," QV.co.nz research director Jonno Ingerson said.
"The January index shows that nationwide values increased 0.3 per cent in January compared to December, while a month earlier the increase was 1.3 per cent. So while values are still increasing, the rate of this increase has slowed considerably."
Much of that easing appears to have occurred in Auckland, where Ingerson said a pattern of slowing value increases was evident.
This was most apparent in the suburbs in central Auckland (defined by the boundaries of the former Auckland City Council) where average values dropped 0.2 per cent in January.
....
The average residential property values in January and change since January 2013 in the main centres were:
Far North $300,444. -3.9 per cent.
Rodney District $644,006. 10.1 per cent.
North Shore $820,155. 15 per cent.
Waitakere $544,202. 19.2 per cent.
Central Auckland $820,924. 13.5 per cent.
Manukau $580,074. 16.1 per cent.
Hamilton $360,656. 5.6 per cent.
Tauranga $439,974. 3.8 per cent.
Rotorua $273,213. 2.3 per cent.
Taupo $338,804. -3 per cent.
Napier $325,275. 2.1 per cent.
Hastings $300,730. 2.5 per cent. |
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