Growth in property prices slows

Growth in housing values continued to slow in March, most noticeably in Tasman and Nelson.

In the year to March, Quotable Value said residential property values grew by 12.1 per cent, down from the 13.5 per cent annual growth recorded the previous month and well below the 16 per cent of December.

The average house price is now $290,853, but jumps to $393,347 in Auckland and $328,441 in Wellington.

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