Recent figures reveal that New Zealand still desperately needs more houses to be built, as property values continue to soar around the country, TVNZ reports. Although Auckland’s property values rose by 2.4 per cent in April, taking the average value to $1.25 million, the number was even higher in some of the nation’s other major centres. There are however signs of change in the overheated market, with investors selling up or sitting back. The Reserve Bank is set to release its assessment of the economy and that may include details about further restrictions on investors.
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