NZ house prices rise 13% to record in November

Sun, 11 Dec 2016

By Tina Morrison Dec. 12 (BusinessDesk) - New Zealand's median house price rose 13 percent to a record in November, with all regions posting an increase, according to the Real Estate Institute. The national median house price increased to $520,000 in November from $459,500 a year earlier, the institute said. The price advanced 2 percent from the October median level of $510,000. There were 7,576 national sales in November, up 13 percent from October but 6 percent lower than the year earlier. Record low interest rates and record high ne...

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