House prices surge

Movements in house prices seems to have left their Auckland and Christchurch exclusivity and moved out to other areas. Other areas are now showing signs of trying to catch up

Hamish Patel

Mortgages Online

24 July 2012

Movements in house prices seems to have left their Auckland and Christchurch exclusivity and moved out to other areas. Other areas are now showing signs of trying to catch up to the upward movements felt through Auckland.

National median house prices

Based on data from REINZ.co.nz

Auckland and Christchurch are still leading the pack in the upward momentum, pressured up by a shortage in available land and construction. The low interest rates currently on offer is no doubt assisting in the price inflation also.

Auckland median house prices

Based on data from REINZ.co.nz

Written by Hamish Patel

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