STRONG END TO 2017, WITH HOUSE PRICES UP 5.8% IN DECEMBER SAYS REINZ

PHOTO: REINZ 

Median house prices across New Zealand rose by 5.8% year-on-year to $550,000 – up from $520,000 in December 2016 and median prices for New Zealand excluding Auckland increased by 6.6% to $450,000 (up from $422,000 in December 16) 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.

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