Housing slowdown spreads

People holding back from listing their properties may be protecting New Zealand from a significant fall in house prices, QV says.

It has released its latest data, which shows nationwide residential property values were up 4.3 per cent in September on the same time the year before. Prices were up 1.1 per cent over the past three months.

Spokesman David Nagel said a drop in value growth had spread from the main centres to almost all urban areas, with the exception of Rotorua, Palmerston North, Dunedin and Invercargill.

JOHN SELKIRK/STUFF

Auckland’s prices have dropped over the past three months.

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