NZ house prices rise 8% in March, led by a 13% jump in Auckland

Mon, 13 Apr 2015

By Tina Morrison April 14 (BusinessDesk) - New Zealand residential property prices rose in March, led by Auckland where housing supply isn't meeting demand, putting pressure on the market. Auckland's median house price jumped 13 percent to $720,000 in March, compared with the year-earlier month, outstripping an 8 percent rise in the national median price over the same period to $475,000, the Real Estate Institute said in a statement. Excluding Auckland, the national median price increased 1.4 percent to $350,000 compared with the year ear...

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