House prices appeared to stabilise in October

(Image: Getty)

Tue, 15 Nov 2022

House prices appeared to stabilise a little in October with the Real Estate Institute of New Zealand’s (REINZ) national house price index gaining 0.2% from September, although sales volumes were down 34.7% compared with October last year.REINZ said its index was down 10.9% in October compared with October last year and the index is down 12.4% from its peak in November last year.But the pattern of price changes across the country was far from uniform.Wellington prices were the most depressed at 19.7% below October last year, followed by Au...

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