Property values outside Auckland reach record high

Mon, 12 Aug 2019

By Victoria Young Aug. 13 (BusinessDesk) - Property values outside Auckland have reached a record high, the Real Estate Institute of New Zealand's (REINZ) latest House Price Index shows. The index - which measures changing values of property in the market - rose to 2,761 in July, up 1.5 percent from a year earlier. Excluding Auckland, the measure rose to a record high, up 5.9 percent at 2,739. The Auckland index fell 3.3 percent from a year ago to 2,789, but REINZ chief executive Bindi Norwell says the three-month trend is up 0.5 perce...

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