House prices rise 22pc
Sunday 29 February 2004
House prices have shot up 22 per cent – the biggest leap in 20 years.
By The LandlordBut the rise across much of the Wellington region has been slower than in other areas.
Price index figures for last year show a boom, particularly in the South Island, Quotable Value New Zealand reported. Nelson was up 41.6 per cent, Dunedin 34.3 per cent, Invercargill 33.4 per cent and Christchurch 27.4 per cent.
Napier prices rose 32 per cent while Auckland prices continued to boom, 22 per cent up on a year ago.
In Wellington city, house prices rose 18.7 per cent. Porirua (10.5 per cent), Upper Hutt (9.1 per cent) and Lower Hutt (7.9 per cent) lagged.
The index is the most accurate measure of house price changes.
Read More - Opens in a new window
Commenting is closed
There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.
Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.
LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.