New Zealand’s property market is showing all the signs of being a two-tier market with Auckland median house price increasing 2.5% year-on-year, but the rest of the country (excluding Auckland) showing growth of 11.4% year-on-year according to the latest data from the Real Institute of New Zealand (REINZ) – source of the most complete and accurate real estate data in New Zealand. Auckland’s median price increased to $850,500 (up from $830,000 in June 2016) and the national median excluding Auckland increased to $431,000 (up from $387,000).

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SOURCE: REINZ