NZ property market keeps rising

House prices have risen throughout New Zealand for the eighth consecutive quarter.

Quotable Value New Zealand's House Price Index for the June quarter shows a nationwide increase of 1.7 percent and an increase for the year ending June 30 of 14.2 percent.

Nelson reached new records for the year, soaring more than 40 percent. Other areas achieving annual growth in excess of 15 percent include Auckland City, North Shore City, Napier and Dunedin.

Other areas that saw significant annual growth of between 10% and 15% included Wellington, Manukau, Tauranga, Papakura and Waitakere City.

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