House prices up 3.3pc in June, says REINZ
House price inflation showed few signs of coming off the boil with the national median price rising 3.3 per cent in June, according to Real Estate Institute (REINZ) figures out today.
Wednesday, July 20th 2005, 8:00AM
by The Landlord
In the year to June, the median price was up 17.1 per cent to a record $284,500.Sales in June fell to 8025 from 9280 in May and from 8367 in June 2004.
The pricing picture was not uniform across the country with five of the 12 regions posting price falls in June.
The median price in Auckland fell 1 per cent to $366,500 and Northland prices fell 2.7 per cent to $244,750.
Wellington prices rose 5 per cent to $300,000 and Canterbury-Westland prices rose 3 per cent to $255,000.
Hawke's Bay prices fell from $249,500 to $236,500 while Manawatu/Wanganui prices rose from $160,000 in May to $166,250.
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