NZ house prices rebound on soft volumes

Advertisement
ScreenHunter_08 Jul. 01 09.14

By Leith van Onselen

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.

ScreenHunter_4181 Sep. 12 10.27
Advertisement

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.