House prices up 3.3pc in June, says REINZ

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...