New Zealand September House Prices Drop At Slower Pace

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Monday, Quotable Value announced that New Zealand's house prices fell at a slower yearly rate of 1.1% in September compared to the 2.8% decline in the previous month.

The government agency reported that prices were up 2.7% since April, and the national average sale price also increased to NZ$387,567 in September from NZ$385,426 in August.

In terms of territories, Queenstown recorded the largest annual decline in house prices, down 6.3% in September, followed by Whangarei, down 4.2%. On the other hand, house prices showed the largest increase in New Plymouth, up 2.8%.

Monday, Quotable Value announced that New Zealand's house prices fell at a slower yearly rate of 1.1% in September compared to the 2.8% decline in the previous month. (Market News Provided by RTTNews)