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New Zealand house prices rise

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New Zealand house prices rose in October, the government property valuer said, though the rate of growth was slowing. Quotable Value's (QV) residential property price index increased 12.7 percent in the year to October, compared with an annual rate of 14.3 percent in the previous month. House prices in the Auckland region were 13.8 percent higher in the year to October, compared with a 15 percent rise the month before.

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