REINZ RESIDENTIAL PRESS RELEASE – MARCH 2016

REINZ Residential Press Release – March 2016

REINZ Residential Regional Commentary – March 2016

House price records smashed across New Zealand as ‘Halo Effect’ grows Record median house prices are being seen across multiple regions of New Zealand as the Auckland market shows its strength and pushes the Halo Effect of rising median prices across the country, according to the latest figures released today by REINZ, source of the most recent, complete and accurate real estate data in New Zealand. Demonstrating that recent fears of the Auckland market cooling off were overstated, median prices across the city have rebounded and shot through $800k for the first time, to a new record high of $820,000. Record median house prices have also been seen in Waikato/Bay of Plenty, Wellington, Nelson/Marlborough, Canterbury/Westland, and extraordinary growth in Central Otago Lakes.

March

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