PHOTO: REINZ
The winter chill has impacted real estate sales volumes across the country in June but has done little to halt price rises in most regions, 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.
In June the median price across the country rose by 5.7% to a record equal median of $560,000 up from $530,000 the same time last year. Additionally, the New Zealand excluding Auckland median price remained at a record equalling figure of $460,000 in June, up 7.0% on June 2017. However, Auckland’s median price decreased by 0.7% year-on-year to $850,000 down from $856,000 last year.
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