Real estate Institute of New Zealand house sales data fro February

Summary from REINZ, in brief:

  • Dwellings sold in New Zealand in February 2016 up 5.7% on February 2015
  • Highest number of sales in February for nine years
  • National median price +4.7 % on February 2015

The RBNZ take heed of house prices, but that hasn't stopped them from cutting rates this week (adding to prior cuts in this cycle)