REINZ: House prices rise 6.9% across New Zealand

PHOTO: REINZ, February 2018.

The median house price for New Zealand rose 6.9% in February to $530,000 up from $496,000 in February 2017 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.

The median house price for New Zealand excluding Auckland rose even higher, seeing an 8.4% increase to $450,000 from the same time last year.

Prices in Auckland increased at a more moderate 3.7% to $858,000 from the same time last year (up from $827,000) and were up 4.6% month-on-month.

The Hawke’s Bay saw a price increase of 18.4% to a record

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