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New Zealand Prime Minister Jacinda Ardern’s promise to ‘fix’ housing affordability has taken another hit with the nation’s median house price rising another $50,000 in February, with Auckland’s surging by $100,000, according to the Real Estate Institute of New Zealand (REINZ).
Price growth was strong across the nation, as summarised in the below table:
New Zealand property prices are booming from coast-to-coast, North Island and South.
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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.