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The Real Estate Institute of New Zealand (REINZ) has released its November house price results, which registered a strong monthly rise in values and an acceleration in annual growth.
In the month of November, the national stratified median price rose by 3.3% to nearly $464,000. Prices rose by 2.5% in Auckland, 3.5% in Christchurch and 0.3% in Wellington. Over the quarter, prices rose by 4.9% nationally, with increases recorded in each of the major capitals.
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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.