NZ house prices fall as macroprudential bites (members)

Monday 14 July 2014

The Real Estate Institute of New Zealand (REINZ) has released its June house price results, which registered a second consecutive monthly fall in values, as well as a significant slowing in annual growth.

In the month of June, the national stratified median price fell by 0.3% to around $441,000. Prices fell by 4.3% in Wellington and by 1.9% in Christchurch, but were up by 1.6% in Auckland over the month. Over the quarter, prices fell by 1.3% nationally, with Wellington down 5.4%, Christchurch basically flat (+0.1%) and Auckland up marginally (+0.4%):

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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.