REAL ESTATE MARKET SPRINGS INTO LIFE IN SEPTEMBER
‘Median house prices across New Zealand increased by 6.6% in September to a record high of $597,000, up from $560,000 in September 2018. These results are in line with the REINZ House
Price Index (HPI) which saw property values increase 3.6% annually, 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. BINDI NORWELL, REINZ CEO
Median price increases for New Zealand excluding Auckland increased by 6.8% to new record high of $500,000, up from $468,000 in September last year. Median house prices in Auckland increased by 0.2%
to $848,000 – up from $846,000 at the same time last year.’
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RURAL What does the future hold? Data released by REINZ shows there were 61 less farm sales (-18.9%) for the three months ended June 2020 than for the three months ended June 2019. Overall, there were 261 farm sales in the three months ended June 2020, compared to 258 … Read more
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 … Read more