Auckland house prices up 85% in four years

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,...

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