Auckland house sales plummet to 9-year low

Monday 17 June 2019

The REINZ has released its house price data for May, which revealed a 0.5% seasonally adjusted fall in the national median house price, with prices up just 3.6% year-on-year:

Outside of Auckland, seasonally adjusted house prices rose by 1.0% in May, with prices up 7.3% 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.