Auckland house prices hit another record high

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By Leith van Onselen

The REINZ has released its house price data for August, which revealed that the median house price nationally fell by 3.0% to $492,000 from the record high $505,000 recorded in July, with the annual growth clocking in at 5.8%:

ScreenHunter_14924 Sep. 14 09.15

However, Auckland house prices rose another 2.0% in August to a record $842,500, to be up 13.9% year-on-year:

ScreenHunter_14926 Sep. 14 09.22
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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.