Auckland house prices up 85% in four years

Fiona Rotherham
Fri, 15 Jul 2016

By Fiona Rotherham and Tina Morrison July 15 (BusinessDesk) - Auckland house prices have risen by 85 percent in four years, taking the average price to around nine times the average household’s disposable income, fuelled by record high migration, low interest rates, and housing under-supply. Prices are now rising quickly in most other regions as well with New Zealand’s national house prices increasing again in June, as five regions hit record highs. The median national sale price jumped 11 percent to $500,000 in June from a year earlier,...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Law & Regulation FREE
Cigna admits to wrongly lifting customers' cover and premiums
Ella Somers | Wed, 10 Aug 2022

Cigna Life Insurance has admitted to misleading more than 52,000 customers.

Listed Companies
ASX company assures it was aware of risks in buying TTR
Greg Hurrell | Wed, 10 Aug 2022

Three days after Australian mining company Manuka Resources Limited announced it was acquiring Trans-Tasman Resources Limited, a private members bill that could scupper its seabed mining hopes was drawn from the ballot.

Listed Companies
Millennium & Copthorne Hotels targets annual profit as pandemic bites
Riley Kennedy | Wed, 10 Aug 2022

The hotel operator recorded a net profit of $15.4 million for the six months to June 30.

A clearer path to the cloud

Step-by-step cloud transition can bring benefits, experts say.

Energy of the future: Why we need innovation

The Tomorrow’s Energy Today conference is looking at ways to develop a clean, affordable and reliable energy future, says Brendan Winitana, chair of the Sustainable Energy Association New Zealand (SEANZ).