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According to CoreLogic, New Zealand property finished with an average price of $1,006,632 and record-breaking annual market growth of 27.4%:
This surpassed the previous record of 24.4% annual growth in 2003.
The breakdown of growth across jurisdictions is presented below, with Auckland, Wellington and Tauranga topping the $1 million mark:
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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.