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2 May 2024 18:55
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      Home > News > Business

    Increased competition in urban centres is driving up property values

    Increased competition in urban centres is driving up property values


    The latest QV House Price Index shows the average home increased in value by 2.3 percent in the most recent quarter - the national average now sits at 914-thousand dollars.

    Only Tauranga and Marlborough recorded slight falls in home values.

    QV operations manager James Wilson says growth has shifted from the regions to the cities.

    He says first home buyers are becoming active, followed by investors and now owner occupiers are bringing their houses back to market.

    © 2024 Newstalk ZB, NZCity

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    Kiwi golfer Daniel Hillier's made a good start to the European Tour's event in China this week 18:07

     Business:
    More new homes could be on the way, despite latest figures 17:57

     Accident and Emergency:
    Search efforts have continued without success throughout the day - for two fishermen missing since last night at Whangarei Heads, near Taiharuru 17:57

     Politics:
    Bob Carr intends to sue NZ Foreign Minister Winston Peters for defamation over on-air insult 17:47

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     Rugby:
    All Blacks and Crusaders great Dan Carter's backing David Havili to make a smooth transition from the midfield to first five 17:27

     Entertainment:
    Vivica A. Fox is "taking applications" for a new partner 17:14

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