PHOTO:DEBBIE JAMIESON/STUFF Queenstown saw the largest house price falls in June.
Prices paid for houses fell only modestly in June as Government economic support and widespread mortgage holidays prevented a wave of forced sales.
QV has released its latest statistics showing nationwide house prices fell just 0.2 per cent in the month of June, though some places saw price gains, such as Christchurch and Tauranga which both reported rises of a modest 0.2 per cent.
Queenstown saw the biggest price falls, QV found, but even in a city so dependent on stalled international tourism prices fell only 2.1 per cent during the month.
But uncertainty surrounding whether banks would allow tens of thousands of households on mortgage holidays to extend them beyond their six months terms made Nick Goodall, head of research at QV’s parent company Core Logic, “cautious” about the direction house prices would take during the remainder of the year.
READ MORE VIA STUFF
MOST POPULAR
