NZ median house prices rises in June, five regions hit new records

Thu, 14 Jul 2016

By Tina Morrison July 15 (BusinessDesk) - New Zealand's national house prices rose again in June, as five regions hit record highs. The median national sale price jumped 11 percent to $500,000 in June from a year earlier, while the number of properties sold advanced 6 percent to 7,864, according to the Real Estate Institute. Compared with May, the median price slipped 1.2 percent while the volume dropped 13 percent, in line with seasonal trends heading into winter, the Institute said. New Zealand's housing market continues to strengthe...

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