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

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
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...

More Property

Company behind 120-unit QT development faces liquidation
Property

Company behind 120-unit QT development faces liquidation

The debt collector says the company "don't pay their bills".

Beachlands South development appeals settled
Property

Beachlands South development appeals settled

Appeals challenging the approval of a plan change for the Beachlands South development have been settled, paving the way for the multi-billion dollar project to proceed.“The success of negotiating a sensible outcome means that the development process can now move forward with the...

Staff reporters 11 Dec 2024
Winton 'stands to gain millions': MP
Property

Winton 'stands to gain millions': MP

The proposed fast-tracking of Sunfield is 'cronyism', local MP claims.

Maria Slade 11 Dec 2024
Olliver avoids bankruptcy – for now
Property

Olliver avoids bankruptcy – for now

A bid by BNZ to bankrupt the developer has been adjourned until February.

Maria Slade 10 Dec 2024