PHOTO: 123RF – The combined stock of residential housing in New Zealand is now worth $941,611 billion, up from $667,718b in 2015.
New Zealand houses are now worth a combined total of nearly $1 trillion dollars.
New data from the Property Institute and market data provider Valocity shows a big jump in residential values between 2015 and 2018.
The combined stock of residential housing in New Zealand is now worth $941,611 billion, up from $667,718b in 2015.
Tauranga’s houses jumped in value by more than 63 per cent over that period while Christchurch’s moved up 11.6 per cent.
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