QV operations manager James Wilson said "things are beginning to look a little healthier now". But it’s a smaller average increase than the 0.8% reported last month. The average home value in Queenstown has increased by 0.8% this quarter to $1,732,135 – an improvement on the -1.3% quarterly decline reported in last month’s QV House Price Index. Wilson said as all eyes now looked toward next month’s general election, the housing market would continue to vary considerably from region to region. "While values begin to strengthen in some areas, the rate of growth is not expected to bounce back at a significant rate.

Source: Stuff September 11, 2023 21:35 UTC