NZ house price rises to new record in March as more pricey homes change hands

Wed, 12 Apr 2017

By Tina Morrison April 13 (BusinessDesk) - New Zealand's median house price rose 10 percent to a new record in March, reflecting a lift in the number of higher value properties sold, according to the Real Estate Institute. The national median house price increased to $546,000 in March from $495,000 recorded in February and in March last year, the institute said. The number of homes sold for more than $1 million in March rose by 5 percent to 1,360 from a year earlier to make up 16 percent of all sales, a new record for both the number a...

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