Hi Guys,
Some local stats – for the full info dig up qv websites and pdf’son the net.
CITY HOUSE PRICE GROWTH BEATS NATIONAL AVERAGE.
Growth in Invercargill house prices is exceeding the national average. Invercargill house prices rose 14% in the year to June according to the latest figures from QV valuations. The national average rise was 11.5%.
The average house sales price for invercargill in the last quarter was $144,835.
QV calculates the figure in the following way: residential sales complied for the previous 3 months are compared to the same period of the previous year to identify the annual percentage change in property value.
Other increases included:
Aucland city 6.7%
Wellington City 10.5%
Nelson 3.1%
Christchurch 11.3%
Dunedin 5.8%
Queenstown Lakes 5.3%
This particular article has just reported cities with positive growth.
For those of you with south island property you may be interested in these link. I would rather just post the websites rather than post the media spin on it.
This is significantly because natural energy sources off the north island are becoming exhausted according to the tv one news on thursday.
http://www.lmgroup.net.nz/page.aspx?pri=25&sec=680&tpl=1
http://www.lmgroup.net.nz/page.aspx?pri=25&sec=681&tpl=1
cheers
I Buy Property http://www.cashflowproperties.co.nz
Cash Flow PropertyThanks for the links + info Don. Looks like good news for Invercargill
Regards,
Ozicheers Ozi – i will be out of contact for a week or so but when I get back I will post a few more things that have been sitting on my desk for a few weeks. I was surprised by the wellington number.
I Buy Property http://www.cashflowproperties.co.nz
Cash Flow Property
You must be logged in to reply to this topic. If you don't have an account, you can register here.
