NZ house prices continue to slow

The Real Estate Institute of New Zealand (REINZ) has released its September house price results, which registered a small monthly rise in values, but another slowing in annual growth.

In the month of September, the national stratified median price rose by 0.2% to around $443,000. Prices rose by 0.8% in Auckland but fell by 2.8% in Wellington and by 1.8% in Christchurch. Over the quarter, prices rose by 0.5% nationally, with increases recorded in each of the major capitals.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

Share

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.