June 6, 2018 / 5:00 PM / 2 months ago

New Zealand house prices rise 6.9 pct in May - official valuer

WELLINGTON, June 7 (Reuters) - New Zealand house prices rose an annual 6.9 percent in May to an average value of NZ$677,996 ($476,495), government valuer Quotable Value (QV) said on Thursday.

* Slight slowdown from growth of 7.3 percent the previous month

* Values in main centres of Auckland and Wellington largely flat on a quarterly basis, with regions fuelling growth

* Loosening of central bank lending restrictions and government support packages fuelling demand despite market usually slowing during cooler months ($1 = 1.4229 New Zealand dollars) (Reporting by Charlotte Greenfield Editing by Eric Meijer)

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