NZ house prices reach record in four regions on continued spillage from Auckland, REINZ says

Wed, 11 May 2016

By Sophie Boot May 11 (BusinessDesk) - A "chronic lack" of housing supply is driving up prices across New Zealand, with record median prices reached in four of the 10 regions and sales volumes rising across the board in April, according to the Real Estate Institute. Record median prices were reached in Waikato/Bay of Plenty ($417,000), Taranaki ($342,500), Canterbury/Westland ($427,250) and Otago ($284,000) last month. REINZ says that shows that the "halo effect" of rising Auckland house prices is strengthening in regions where it's alrea...

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