Invercargill property values rise while New Zealand housing market slows
Invercargill's property values rose 8.2 percent over the past year, bucking a nationwide 1.2 percent decline.
Property values have fallen across New Zealand over the past year, but Invercargill is moving in the opposite direction. The southern city's property values increased by 8.2 percent, defying the broader national housing slowdown.
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Why Invercargill is defying New Zealand's housing slowdown
Property values fell 1.2 percent nationwide over the past year, but they rose 8.2 percent in Invercargill.