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Upper Hutt Leader : September 21st 2011
19 UPPER HUTT LEADER, SEPTEMBER 21, 2011 NEWS 2137523CY For all your domestic, commercial, rental property, electrical needs & heat pump installations Serving Upper Hutt for over 30 years small jobs our speciality Main Street, Upper Hutt Drop off all small appliance repairs to: phone 04 528 2195 email email@example.com web www.uhelectrical.co.nz Ph: 568 3550 3624309AE Ring 568 3550 and order your skip say "GO THE ALL BLACKS" and you will get the special price of GO the All Blacks! $200 incl gst for 7 days hire until the end of October 2011 Pickup expected in spring, but current prices show a levelling off House values in Upper Hutt are static. Upper Hutt showed a 3.1 per cent decrease on the previous month -- the same as the month before -- but the average value has increased from $331,933 to $338,076. All values in the greater Wel- lington region have dropped from 0.8 per cent to the highest of 4.0 per cent for Lower Hutt. National property values have continued to increase, according to the Quotable Value residential property index for August. Nationwide property values have again increased slightly over the past month and are now 0.1 per cent above the same time last year and 5.0 per cent below the market peak of 2007, said Glenda Whitehead of QV Valuations. Although nationwide values are gradually increasing, there remain differences between areas, with the Auckland and Canter- bury areas in particular helping to hold up values overall, she said. Ms Whitehead said values in the Wellington area have con- tinued to decline, dropping 1.9 per cent since January and 2.4 per cent over the past year. Unlike Auckland where values are now just below the previous market peak, Wellington is 7.7 per cent below. However there are the first signs that values may be lev- elling off. Some of our recent provisional data suggests that values in Auck- land may be levelling off a little, although it is too early to be sure. Ms Whitehead said in Welling- ton there are also signs that values may be levelling. In both centres there are indications that the number of new listings may be increasing which may offer fresh choices for potential buyers. If this turns out to be the case then sales volumes should pick up in spring following the traditional seasonal pattern which has been largely absent, in recent years. While unrelated to the QV index, and a less reliable measure of value change, the average New Zealand sale price over the past three months is $406,679.
September 14th 2011
September 28th 2011