PHOTO: NZ Property
Property prices didn’t slow over the holiday period across the ditch, with CoreLogic noting housing values in New Zealand continues to grow off the back of strong spring figures.
For anyone invested in property over the ditch, or is considering migrating their portfolio that way, the property research group has crunched the numbers and found property values rose by 0.9 per cent over the month in its QV December 2019 House Price Index.
It pushed the annual rate of growth up to 4 per cent from the 2 per cent lull seen in June 2019.
It also enabled 2019 to post the strongest annual growth figure since September 2017, according to the analysis.
Despite the positive results, Mr Goodall did note that they are “starting to see a slowdown in some provincial cities as recent rates of growth can’t be sustained with consistent demand”.
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