Describing the REINZ HPI as ‘the gold standard’ in New Zealand house price analysis tools,
Bindi Norwell, Chief Executive at REINZ says
“The REINZ HPI takes many aspects of market composition into account, and thus provides more
accurate results. When applied to the May data, the HPI indicates that housing market value nationwide
year-on-year has lifted 7.9%, up in Auckland by 6.8% and increased outside Auckland by 8.8%. Southland
retains top spot in the 12 month ending percentage changes. Manawatu-Wanganui and Gisborne/Hawke’s
Bay came second and third respectively for annual percentage movement.
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