Median house prices hit new records with Auckland at $1.3m

Sold! This Duncan Rd home in the Waipa district, sold for $1.3m this week, netting the vendors $500k in two years. (Image: Ray White)

Brent Melville

Mon, 13 Dec 2021

The average price of buying a house in New Zealand edged closer to $1 million as new data shows the median house price in NZ hit $925,000 last month – a 23.8% annual increase.According to the Real Estate Institute of New Zealand (REINZ), this is a "new record high" as the median price jumped from $747,000 in November 2020 to $925,000 last month.Meanwhile, Auckland has crossed that million dollar milestone as the median house price in the city of sails jumped by 26.2% annually and now sits at $1.3m – another record accordin...

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