PHOTO: VIRGINIA WOOLF/STUFF QV’s House Price Index for January shows average residential property values up 4.4 per cent year-on-year, to $714,747.
2020 may not be a great year to try to buy a house, new data suggests.
QV’s House Price Index for January shows market momentum continuing, with average residential property values up 4.4 per cent year-on-year, to $714,747.
Auckland’s average value was up 1.7 per cent over the last quarter and 0.3 per cent compared to the year before, to $1.049 million.
In the Wellington region, values were up 5.7 per cent in the year to January 2020, now at an average $864,753. Christchurch prices were up 2.7 per cent to $510,575.
“January is generally a quiet month in real estate with most of us spending time with friends and families,” said QV general manager David Nagel.
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