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House prices: National median jumps $200,000 in one year

House prices rose a quarter last month over the year before, with a shortage of inventory keeping prices up. The national median price rose a seasonally adjusted 25 percent in the year to May, REINZ figures show. Photo: 123rf The Real Estate Institute of New Zealand (REINZ) house price index, which measures the changing value of property in the market, increased nearly 30 percent year-on-year to a new high. The national median price rose a seasonally adjusted 25 percent to $820,000 from $620,000 in May 2020. Median prices haven t significantly eased yet as many had hoped would be the case, and things are certainly not getting any more affordable for first time buyers, REINZ acting chief executive Wendy Alexander said.

Why New Zealand Is Becoming A Hot Property Investment Destination

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Wellington scoop co nz » House prices rise by 52% in Manawatu/Whanganui, 41% in Wellington

Wellington scoop co nz » House prices rise by 52% in Manawatu/Whanganui, 41% in Wellington
scoop.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scoop.co.nz Daily Mail and Mail on Sunday newspapers.

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