NZ house prices fell again in July as volumes collapsed

Sunday 13 August 2017

The REINZ has released its house price data for July, which revealed a 1.2% seasonally adjusted monthly fall in the national median house price, although prices were still up 3.3% year-on-year:

Outside Auckland, house prices fell by 2.6% in July, with prices up 6.2% 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.