Auckland median house price reaches new record after 25.4% annual jump

Sun, 11 Oct 2015

By Suze Metherell Oct. 12 (BusinessDesk) - New Zealand's median house price rose to a record in September, led by a 25.4 percent annual jump in Auckland's median price to an all-time high as demand for property in the city spread into nearby regions. Some 8,174 dwellings were sold in New Zealand last month, up 5.3 percent from August, and up 38.5 percent September 2014, the Real Estate Institute said in its monthly release of home sales data. The national median price increased 4.2 percent in the month, for an annual gain of 15.4 percent,...

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