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- 40% drop in properties available for sale year-on-year.
House prices in the regions continue to grow faster than in Auckland at the same time as the number of properties available for sale across New Zealand drops fast, according to June 2016 data released by REINZ. Five regions hit new record high median sale prices, while the national median price eased slightly (1%) to $500,000 from $506,000 last month. The Waikato/Bay of Plenty region recorded its fifth record median sale price for 2016, reaching $438,000, with the median price in Auckland reaching $821,000. Northland recorded a new record median of $360,000, while Otago reached $295,000 and Central Otago Lakes hit $730,050.
READ MORE VIA REINZ
