Wellington home values up 8.2% in 12 months

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Here is another interesting Wellington real estate related news article that we thought may provide you with helpful information.


 

Press Release – QV Valuations
The latest monthly QV House Price Index shows nationwide residential property values for March increased 7.3% over the past year which is the fastest rate since June 2017. Values rose 1.2% over the past three months. The nationwide average value is now $677,618.

Values across the Wellington Region rose 8.2% in the year to March and 2.6% over the past quarter and the average value is now $644,567.

Wellington City values increased 7.2% year on year and 1.5% over the past three months and the average value there is now $768,108.

Values in Upper Hutt rose 9.1% year on year and 2.8% over the past three months; Lower Hutt rose 7.2% year on year and 1.5% over the past quarter; Porirua rose 7.4% year on year and 1.6% over the past quarter and the Kapiti Coast saw the greatest annual increase in the region with values there rising 13.8% year on year and 0.7% over the past three months.

QV Wellington Senior Consultant, David Cornford said, “There is still plenty of activity in the Wellington market though value growth continues to slow and it feels like we are starting to enter a period of stable property values after a couple of years of strong growth.”

“There is strong demand for property under the $………….

Continue reading this article at the original source from Scoop Wellington

 

 

 

 

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2018-04-15T10:45:29+00:00