The Real Estate Institute of New Zealand (REINZ) has released its August house price results, which registered a rebound in values following three consecutive months of fall, but another slowing in annual growth.
In the month of August, the national stratified median price rose by 1.1% to around $442,000. Prices were up in two of the major capitals – i.e. up 5.5% in Wellington and by 0.4% in Auckland – but fell by 0.8% in Christchurch. Over the quarter, prices fell were dead flat (0% change) nationally, although rises were recorded in each of the major capitals.
Advertisement