New Zealand house prices have soared 16 per cent in past year, a 15-year record | WATCH

PHOTO: The average price for a house in Auckland is now over $1.2 million, according to research released today. Source: 1 NEWS

New Zealand’s house prices have gone up by 16.1 per cent in the last year, according to the CoreLogic house price index.

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It marks the largest increase since 2006.

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