Nick Tuffley: ASB Chief Economist on house prices rising 0.1% in September
Early Edition with Ryan Bridge · Newstalk ZB
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Show Notes
Property values have ticked up again after a five-month fall.
Cotality data shows property values in New Zealand edged up by 0.1% in September.
Across the main centres, Wellington dipped by 0.4%, with Auckland also down 0.2%.
It follows a cumulative -1.6% drop over the five months to August.
ASB Chief Economist Nick Tuffley told Ryan Bridge the regions that are doing the best are the ones who have had good export outcomes or tourism seasons.
Tauranga for example, he said, has had two bumper seasons of kiwifruit exports.
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