Auckland house prices up 26% in June year, buyers looking further afield: REINZ

Sun, 12 Jul 2015

By Tina Morrison July 13 (BusinessDesk) - New Zealand house sales and median prices rose in June, with Auckland's median house price rising a record 26 percent to $755,000 over the past year, amid signs that supply shortages and surging prices in the country's largest city may be prompting buyers to look elsewhere. The number of houses sold nationwide increased 29 percent to 7,426 in June compared with the same month a year earlier, according to the Real Estate Institute of New Zealand. Excluding Auckland, sales jumped 35 percent. The...

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