Defining the 'Auckland effect'

The latest QV House Price Index released suggests there are now clear signs of an 'Auckland effect' spreading values.

  • 1 August, 2015
  • Investors, Interest rate, Auckland

We have already seen Tauranga values rising since last October at a much faster rate than they were previously. In the last three months we have also seen Hamilton pick up pace, increasing 2.2%. Apart from in December and January just gone, when values were recovering from a sluggish 2014, this current rate of increase is the fastest since the climb out of the recession in 2009.

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LJ Hooker NZ

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