NZ house sale prices, volumes climb in December as Auckland drives market

Thu, 15 Jan 2015

By Paul McBeth Jan. 15 (BusinessDesk) - New Zealand house sale prices and volumes rose in December as an undersupply of available property and migration-fuelled demand in Auckland drove the national market. The number of sales rose 24 percent to 7,064 in December from the same month a year earlier, while the national median price climbed 5.4 percent to $450,000 with a tight Auckland market accounting for 98 percent of the price increase, the Real Estate Institute said in a statement. The volume of house sales rose 24 percent to 2,743 acro...

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