new zealand

According to the Real Estate Institute of New Zealand report, the national median sale price increased by 13% on November 2015 and decreased by 2% on October.

10 of 12 regions in New Zealand hit new record high median sale prices in November 2016, with the national median price also reaching a new record median of NZ$520,000, and all but two regions showed double-digit percentage growth.In Auckland region, house prices rose 11.4 percent on year, while it decreased 2.0 percent from the preceding month.

“Sales volumes and prices have recovered in November. For the first time, our map has been dark blue across the entire country, depicting strong year-on-year price growth or record prices in every region, and double-digit growth across the entire North Island,” said REINZ spokesperson Bryan Thomson.

Median sale prices for November 2016 were recorded as follows:

Northland           $399,500
Auckland            $851,944
Waikato/BOP   $470,000
Hawke’s Bay      $345,000
Manawatu/Wanganui   $269,000
Taranaki    $358,500
Wellington   $500,000
Nelson/Marlborough   $466,000
Canterbury/Westland   $440,000
Central Otago Lakes    $635,500
Otago         $300,000
Southland $228,000
NZ excl. Auckland $415,000
NZ excl. Auckland & Christchurch $400,000

New Zealand Total $520,000


Leave a comment

Your email address will not be published. Required fields are marked *