New records for Auckland and Canterbury house prices in best May sales for six years

Wed, 12 Jun 2013

June 12 (BusinessDesk) – Median house prices in Auckland, Canterbury/Westland and Nelson/Marlborough rose to a record last month, in the best national sales for May in six years, according to the Real Estate Institute. The median price in Auckland rose to $565,000 last month from $555,000 in April, the biggest gain of any region. Auckland prices also rose 2 percent to a new record high based on the REINZ Stratified Median Housing Price Index, the Reserve Bank’s preferred measure that strips out distortions in the data. The figures were relea...

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