UPDATE: Auckland house price deflation accelerates as sales volumes plummet

Tue, 14 May 2019

(Updates with comment and further details from 4th par) By Jenny Ruth May 14 (BusinessDesk) - The decline in Auckland house prices is starting to accelerate as the number of house sales plummet, not just in Auckland but in most parts of the country. The latest Real Estate Institute data shows prices fell 2.1 percent in Auckland in April from March and are down 4.4 percent from April last year. That dragged the national house price inflation rate down to 1.3 percent last month from 2.3 percent in March. House price inflation excludin...

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