New Zealand house prices rise in December
[WELLINGTON] New Zealand house prices rose in December, the government property valuer said on Wednesday, as house sales in regions surrounding Auckland surged.
Quotable Value's (QV) residential property price index rose 14.2 per cent in the year to December, compared with an annual rate of 15 per cent in the previous month.
The index is now 34.7 per cent above the market's previous peak in late 2007.
House prices in the Auckland region were 22.5 per cent higher in the year to December, compared with a 24.4 per cent annual increase the month before.
Rising house prices in Auckland spilled over into nearby regions, with Hamilton City house prices up 19.5 per cent and Tauranga homes rising 18.2 per cent.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up
Country Garden plans to present debt revamp plan in H2, sources say
Hong Kong home prices rise for first time in 11 months after curbs scrapped
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%
OUE wins tender to lease, develop new ‘zero-energy’ hotel at Changi Airport’s T2