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The average New Zealand house value is rising by more than $10,000 a month, as investors snap up homes ahead of new lending restrictions.
The latest QV research shows the average house price now sits at $590,909, while the average house price in Auckland creeps closer to the million-dollar mark.
Across New Zealand house prices rose by 5.6 per cent in three months, the fastest rate since 2004, and equivalent to more than $30,000 in 90 days.
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