The trend of falling prices will end in April, as was seen in 2016 after LVR restrictions were implemented.
• Latest QV figures show that property prices in Auckland & Christchurch have dipped in the past 3 months, but nationwide values continue to climb.
• This trend of falling prices was also seen last year at this time after new loan-to-value-rules (LVR) were implemented by the Reserve Bank, but prices picked up again by April 2016.
• QV House Price Index shows that nationally, house values increased 13.5% in a year & just over 1% in the past 3 months, taking the national average value to $631,349.
• Home values in Auckland & Christchurch were down 0.7% & 0.5%, respectively, while values in Wellington continue to rise, up 21.5%.
» Stay tuned to the latest property news summaries, sent to your inbox weekly – sign up now!