QV house price index rises here, dips in some centres

Average house values here rose to $271,632, up from $269,266 at the end of December.

Average house values here rose to $271,632, up from $269,266 at the end of December.

File picture

REGIONAL property values here continue the rising trend, ending the first month of the year up nearly $40,000 from the same time last year.

The latest QV house price index show that at the end of last month, average house values here rose to $271,632, up from $269,266 at the end of December and up from $231,755 at the end of January 2016.

QV national spokeswoman Andrea Rush said the latest figures showed a “strong trend” of value growth in regional centres around New Zealand.

“Gisborne also saw strong value growth, rising 5.9 percent over the past three months and 17.2 percent year-on- year.

“All areas in the North Island saw values rise in the year since January 2016, however values have decreased over the past three months in parts of Auckland and Hamilton, as well as Western Bay of Plenty, Opotiki, Wairoa and South Taranaki.

“The latest QV house price index figures show value growth in Auckland, Hamilton and Christchurch continues to ease and in some parts of these cities, quarterly value growth is now decreasing.

“Values continue to rise in Tauranga, Wellington and Dunedin amid relatively buoyant market conditions compared to the other main centres.”

Nationally, the average property value rose 13.3 percent to $631,302.

REGIONAL property values here continue the rising trend, ending the first month of the year up nearly $40,000 from the same time last year.

The latest QV house price index show that at the end of last month, average house values here rose to $271,632, up from $269,266 at the end of December and up from $231,755 at the end of January 2016.

QV national spokeswoman Andrea Rush said the latest figures showed a “strong trend” of value growth in regional centres around New Zealand.

“Gisborne also saw strong value growth, rising 5.9 percent over the past three months and 17.2 percent year-on- year.

“All areas in the North Island saw values rise in the year since January 2016, however values have decreased over the past three months in parts of Auckland and Hamilton, as well as Western Bay of Plenty, Opotiki, Wairoa and South Taranaki.

“The latest QV house price index figures show value growth in Auckland, Hamilton and Christchurch continues to ease and in some parts of these cities, quarterly value growth is now decreasing.

“Values continue to rise in Tauranga, Wellington and Dunedin amid relatively buoyant market conditions compared to the other main centres.”

Nationally, the average property value rose 13.3 percent to $631,302.

Your email address will not be published. Comments will display after being approved by a staff member. Comments may be edited for clarity.

Poll

  • Voting please wait...
    Your vote has been cast. Reloading page...
    Do you think the benefits of forestry to the region outweigh its negative impacts?
    See also: