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Wellington scoop co nz » House prices continue to rise in Wellington and throughout the country

Press Release – REINZ Median prices for residential property across New Zealand increased by 28.7% from $637,000 in June 2020 to $820,000 in June 2021, 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. All regions bar Gisborne/Hawke’s Bay reached new highs on the index. In June, Manawatu/Wanganui had the highest annual growth rate in house price values with a 48.7% increase to a new record index level of 5,049. The first region to cross the 5,000 mark meaning that the value of houses in Manawatu/Wanganui has increased by more than 400% since 2003.

Property prices up again, dashing buyers hopes of a winter bargain

Property prices up again, dashing buyers hopes of a winter bargain Newshub 9 hrs ago Priscilla Dickinson © Supplied/Getty Images. REINZ CEO Jen Baird said stock available for sale in June was the second-lowest on record. Property prices are up 28.7 percent on the same time last year, dashing buyers hopes of a winter bargain, latest figures show. The Real Estate Institute of New Zealand (REINZ) June property report released on Tuesday shows house prices rose 28.7 percent over the last year, the national median sale price hitting $820,000. Compared to the previous month (May), the national median price is up by 0.3 percent.  The five regions hitting new price records in June were Auckland (up 25 percent year-on-year), Waikato (up 19.7 percent), Taranaki (up 41.5 percent), Marlborough (up 56 percent), Southland (up 23.2 percent) and Manawatu/Whanganui (up 35.6 percent).

Time for the big guns: winter fails to cool housing market

Change expected later this year, but not tomorrow s OCR announcement. The failure of recent efforts to cool the housing market appear to be setting the scene for an imminent interest rate hike. The Real Estate Institute of New Zealand said today median   Choose your best value subscription option here. Already have an account? Login Related news

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