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.’
Please click on the link below to see the full report
Money and the RBNZ printing presses – who wins? Tony Alexander shines a light on exactly why the printing presses at the RBNZ are hard at work and shows us who benefits. In this short article ” I show that most of the money “printed” by the Reserve … Read more
Bindi Norwell, Chief Executive at REINZ says: “For the last few weeks we’ve been hearing reports from around the country of vendors achieving good prices for the sale of their homes; but we would never have guessed that 8 regions and 17 Districts/Cities across the country would see record median … Read more