NZ house prices rise 3.6% in February, led by a 14% jump in Auckland prices

Thu, 12 Mar 2015

By Tina Morrison March 12 (BusinessDesk) - New Zealand residential property prices rose in February, led by Auckland where an under-supply of housing is putting pressure on the market. Auckland's median house price jumped 14 percent to $675,000 in February, compared with the year earlier month, outstripping a 3.6 percent increase in the national median price over the same period to $430,000, the Real Estate Institute said in a statement. Excluding Auckland, the national median price was flat at $350,000 compared with the year earlier, the...

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