Auckland house prices


PHOTO: Auckland

House prices have fallen in Auckland and growth is slowing across the country, according to a new report.

The latest QV figures show annual growth dropped from 3.5 percent to 2 percent compared to the same time in 2018.

General Manager David Nagel told Newshub it’s expected for the middle of winter.

“Listings are down and there’s a real shortage of good quality listings, we’ve not seen a lot of transactions.”

The rate of quarterly growth has dropped to 0.1 percent.