NZ house prices rise in May, but sales volumes collapse

Tuesday 13 June 2017

The REINZ has released its house price data for May, which revealed a 0.1% seasonally adjusted monthly rise in the national median house price, with prices up 6.2% year-on-year:

Outside Auckland, house prices rose by 0.5% in May, with prices up 11.5% year-on-year.

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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.