Lower than prior month of 9.7%
The June QV house price index in New Zealand rose by 8.1% yoy vs. 9.7% previously.
- The gain was the weakest since March 2015
- Gain for 3 months was 1.2%
- Auckland prices rise 7.2% - slowest since 2012; prices were unchanged in three months through June
- Sales volumes in Auckland plummet 30% yoy due to high prices and stricter lending criteria
- Avg. national value NZ$639,051 is 54% above previous peak in 2007
- Auckland avg. NZ$1,045,059 or 91% above the prev. peak.
- Wellington increase 18% yoy
- Queensland Lakes gain 19.2%