House price inflation ticks higher as sales volumes recover

House price inflation ticks higher as sales volumes recover
Jenny Ruth
House price inflation continued to tick higher in September and national sales volumes recovered to the highest level for the month in three years, led by activity in Auckland. The Real Estate Institute's national house price index rose 3.6 percent in the year ended September, up from the 2.9 percent annual pace in August and 1.5 percent in July. Sales volumes nationally were 5,896 in the latest month, up 3.3 percent on September last year, and in Auckland they were up 6.3 percent. Annual house price inflation in Auckland remains sligh...

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