New Zealand Economy

Auckland housing bubble turns nuclear

Leith van Onselen
Tuesday, 13 October 2015
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By Leith van Onselen

The Real Estate Institute of New Zealand (REINZ) yesterday released its house price index for September, which posted a massive 4.2% monthly jump in the median Auckland house price to a new record high $771,000, with values also up by 25.4% over the year:

ScreenHunter_9704 Oct. 13 11.33

Sales volumes in the greater Auckland region were also up by 38% compared to September 2014:

ScreenHunter_9705 Oct. 13 11.38
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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.