September 3, 2019 / 5:01 PM / a month ago

NZ house prices rise 2.3% y/y in August - QV

WELLINGTON, Sept 4 (Reuters) - New Zealand house prices rose an annual 2.3% in August, government valuer Quotable Value (QV) said on Wednesday.

* Pace increased from 2.2% annual growth in July

* Average property value fell 0.5% in the Auckland region over last quarter

* Growth continues in regional towns and cities where affordability is less of an issue

Reporting by Praveen Menon; Editing by Richard Borsuk

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