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The Real Estate Institute of New Zealand (REINZ) has released its March house price results, which registered an increase in values nationally and across the major centres, with home values skyrocketing.
In the month of March, the national stratified median price rose by 6.7% to just over $490,000. Prices rose by 4.6% in Auckland, 0.8% in Christchurch and 1.4% in Wellington. Over the quarter, prices rose by 6.5% nationally, with Auckland (+11.0%), Christchurch (+2.5%) and Wellington (+3.1%) each rising.
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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.
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