|Market Picks up after Election
The New Zealand property market has enjoyed
its usual Spring bump, despite uncertainty surrounding the new Government and
its housing policies. According to data from the Quotable Value (QV) House
Price Index, residential property values increased 6.4 percent nationwide
during the month of November - compared with just 3.9 percent in October.
Growth was even more pronounced on a quarterly basis, with values rising by 3.6
percent to November compared with 0.9 percent to October. While values in
Auckland remained flat and construction growth is still a concern, the property
market continues to exceed expectations in an uncertain post-election period.