NZ house prices advance in August as supply remains tight

Tue, 13 Sep 2016

By Tina Morrison Sept. 14 (BusinessDesk) - New Zealand house prices continued to advance in August, with both Auckland and the Nelson/Marlborough region hitting new records, as the number of properties put up for sale declines, according to the Real Estate Institute of New Zealand. The national median house price advanced 5.8 percent to $492,000 in August from the same month a year earlier, the institute said. There were 7,527 sales in August, down 3 percent on a year earlier, and the number of houses available for sale shrank by 18 perce...

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