House prices across New Zealand have continued to rise in July with a 6.2% increase year-on-year with a median price for the country of $550,000 according to the latest data from the Real Estate Institute of New Zealand (REINZ), source of the most complete and accurate real estate data in New Zealand.
For New Zealand excluding Auckland, the increase was even greater with an 8.6% annual increase from $419,000 to $455,000.
In Auckland, prices fell -0.1% year-on-year to $835,000 (down from $836,000).
Four regions saw record prices during July:
• Northland (+5.7% to $481,000)
• Taranaki (+15.4% to $375,000)
• Nelson (+15.2% to $547,000), and
• Marlborough (+13.4% to $453,500) – the second record month in a row.
Bindi Norwell, Chief Executive at REINZ says: “The shortage of properties available for sale across the country is continuing to push prices up in all regions across the country except for
READ MORE VIA REINZ