New Zealand house prices rose at their fastest annual pace in more than nine years in November, although there are some signs the pace of growth may be slowing in the overheated Auckland market.

The average value of a New Zealand home jumped 15 per cent to $555,729 in November compared with the year-earlier month, Quotable Value said. Values in Auckland rose 24 per cent to $931,807. Auckland’s property market has been on a tear as migrants and investors compete for limited housing stock….