• New Zealand seasonally adjusted median house price price -0.9% in June m/m
  • And +5.6% y/y

From REINZ

More:

  • Auckland prices +26% y/y
  • June home sales +29.2% y/y

Surging house prices have been a concern of the Reserve Bank of New Zealand, but it didn't stop them from cutting rates last month.

They meet again on July 23, another cut is widely expected