Key graphs - house prices and aggregate dwelling values
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The 'housing stock' value (excluding chattels) illustrated includes
all private sector residential dwellings - detached houses, flats and apartments, 'lifestyle
blocks' (with a dwelling), detached houses converted to flats
and 'home and income' properties - more than 1,450,000 as at December 2005.
Farm and publicly-owned dwellings are not included.
While changes in the imputed price of existing dwellings drive most of the
increase in the housing stock value, the annual amount spent on new dwellings
(including land) in 2007 is estimated by the Bank to have exceeded $15 billion.
Explanations of how dwelling values are calculated by Quotable Value Ltd (QV), the way the QV house price index is derived, how the RBNZ compiled the long-run housing stock series and available house price data may be found by selecting the highlighted links.
Last updated 18 July 2008 |
