A slight drop in property values in New Plymouth could be the first sign that months of accelerating prices may be starting to ease, Taranaki realtors say. Nationwide house prices increased by 1.8 per cent in June, a drop on the 2.2 per cent growth rate of the previous month, figures released by CoreLogic House Price Index on Thursday show. GLENN JEFFREY/Stuff House prices in New Plymouth dropped by 0.3 per cent in June (file photo). Simon O'Connor/Stuff South Taranaki's property values rose by 30.1 per cent in the past 12 months (file photo). Meanwhile, house prices nationally are now 12.4 times the average wage due to a drop in home affordability in recent months, new Massey University analysis reveals.

Source: Stuff July 01, 2021 17:26 UTC