NZ March house price data (REINZ) -2.2% m/m, +1.9% y/y

Author: Eamonn Sheridan | Category: News

Real Estate Institute of New Zealand (REINZ) data for March

Seasonally adjusted median house prices
  • -2.2% m/m, +1.9% y/y
The median house price for New Zealand
  • rose 1.8% in March 2018 to reach a new record high 
The number of properties sold in March across New Zealand fell by 9.9% y/y
  • March 2017 saw the highest month for sales volume in 2017
REINZ House Price Index for New Zealand (measures the changing value of property)
  • increased 4.2% year-on-year to 2,710 - a new record high.
  • 10 out of 12 regions experienced an increase in their HPI and all of those 10 regions saw a new high in March
---
Little impact on the NZD