MIDDAY UPDATE: Auckland house prices soar in June

Mon, 13 Jul 2015

July 13 (BusinessDesk) - Auckland house prices soared 26 percent to a record last month as resilient demand in the country's biggest city continues to come up against an ongoing supply shortage. Real Estate Institute data show the national median price increased 5.4 percent to $450,000 in June compared with the same month a year earlier. Auckland's median price surged 26 percent to a record $755,000, while outside of Auckland the median price was steady at $340,000. The number of houses sold nationwide increased 29 percent to 7,426 in June c...

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