New Zealand September house prices: +14.3% y/y (prior +14.6% y/y)

QV house prices from New Zealand for September

• Up 14.3% y/y against the August +14.6%
• QV's index is now 49.5% above the market's previous peak in late 2007

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Note - New lending restrictions (LVR restrictions for investors) come into force in October

• The new rules require investment purpose buyers to have a 40% deposit