NZ Property Investor

WHAT'S DRIVING HOUSE PRICES?

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HOUSE PRICES: DOWN REINZ data shows the national median sale price declined 2.2 per cent year-on-year, from $770,000 to $753,000 in July, and also dropped by the same amount compared to July last year. For NZ, excluding Auckland, the median price declined 1.5 per cent year-on-year from $680,000 to $670,000. Month-on-month, the median price also dropped 1.5 per cent. The fall in Auckland was far greater. The median price was

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