Real Estate Institute of New Zealand (REINZ) September House Sales data

  • Home sales up 38.3% y/y, and up 5.3% m/m
  • Median house price up 15.4% y/y (in Auckland prices up 25.4% y/y) and up 4.7% m/m (Auckland up 4.2% m/m)

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Earlier I wrote on BNZ's advice to the Reserve Bank of New Zealand re cutting interest rates ... its pointless