House prices rose 29.8% in year ended May

Auckland posted its busiest May in five years with 2,766 properties selling, a 3.7% increase on April.

Tue, 15 Jun 2021

House prices nationwide rose 29.8% in the year ended May, accelerating from the 26.8% annual pace in April, the latest Real Estate Institute house price index showed.Institute acting chief executive Wendy Alexander said there is little indication yet that government or Reserve Bank intervention has slowed the pace of house price inflation.Activity was also strong with 7,550 houses sold, up from 7,453 in April and compared with the lockdown-impacted 4,161 in May last year.Prices rose the most in Manawatu-Wanganui, up 52.1% while Southland showed...

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