Auckland house prices hit record as volumes crash

Advertisement

By Leith van Onselen

The REINZ has released its house price data for October, which revealed that Auckland’s median house price jumped by 5.2% to $868,000 to be up by 16% year-on-year and hitting the highest level on record:

ScreenHunter_16083 Nov. 14 10.26

Nationally, house prices fell by 1% over October, but were up by 10.9% year-on-year:

ScreenHunter_16084 Nov. 14 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.