NZ's best and worst suburbs revealed

If you own property on Auckland's North Shore, you're in luck.

The Shore has trumped the rest of New Zealand by laying claim to six of the country's fastest growing suburbs.

Figures from Quotable Value New Zealand show the value of residential property in Sunnynook, Chatswood, Forrest Hill, Totara Vale, Glenfield and Hillcrest all rose by about 20 per cent last year, while the Ruapehu District was hit the hardest, with the value of property there falling -11.7 per cent.

Overall property values in New Zealand are up 6.1 per cent on the same time last year, with Auckland leading the charge of the main centres, posting a 9.9 per cent increase.

QV.co.nz research director Jonno Ingerson said Onemana near Whangamata, Feilding, Harbour View in Hutt City and Kingswell in South Invercargill also showed strong gains, although this may not be an accurate reflection of the market.

To read the full NZ Herald article, click here

Posted: 12 Apr 2010

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