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Wellington.scoop.co.nz » "Unsustainable:" 31% increase in Wellington house prices in 12 months


Wellington.Scoop
REINZ reports today that its house price index shows that prices for houses in Wellington have increased by 31.2% in the last 12 months – the third highest rise in New Zealand. It was the largest increase since records began.
Press Release – REINZ
Median prices for residential property across New Zealand increased by 24.3% from $665,000 in March 2020 to $826,300 in March 2021 a new record high for the country. Additionally, 12 out of 16 regions reached record median prices and so did 32 districts, 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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REINZ March Data: House Prices Hit New Highs, Properties Sell At Fastest Pace & Highest Percentage Of Auctions Ever


Friday, 16 April 2021, 5:45 am
Median prices for residential property across New Zealand
increased by 24.3% from $665,000 in March 2020 to $826,300
in March 2021 a new record high for the country.
Additionally, 12 out of 16 regions reached record median
prices and so did 32 districts, 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.
Median house prices for New Zealand
excluding Auckland increased by 23.6% from $550,000 in March
last year to $680,000, a new record high for the
country.
Auckland’s median house price increased by
18.5% from $945,000 in March 2020 to $1,120,000 in March ....

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