News

Limited supply drives prices up further

Wednesday 10th of August 2016

Auckland, the Waikato/Bay of Plenty region, Northland and Manawatu/Wanganui all turned in new record median prices in REINZ’s July data.

The Waikato/Bay of Plenty’s market continued on its inexorable rise, with the median price up 2.7% on June to hit $450,000. This was a 26% year-on-year increase.

Northland’s median price was up 4.4% on June and 15.7% year-on-y...

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