PHOTO: There was a jump in the number of properties on the market in September.
Falling property prices are becoming a feature of more parts of the New Zealand housing market.
QV has reported a significant increase in the number of properties being listed for sale in September – but value growth remained modest.
Five of the 15 main centres reported a drop in values in the September quarter: Auckland, New Plymouth, Napier, Christchurch and Queenstown-Lakes. That’s up from four the month before and three in July.
Among smaller regions, Hauraki prices fell 6.4 per cent, Kawerau 5.1 per cent, and Otorohanga 4 per cent.
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