Latest REINZ figures show median price climbed $10k to equal record $400k; annual price inflation 9.8%; Auckland price inflation 17.5%
October 14, 2013 – 12:09pm,
The national median house price climbed $10,000 in September to $400,000 – equalling the previous high set in March, according to the Real Estate Institute.
House price inflation as measured by the REINZ’s stratified price index rose to a new high 9.8%, up from 9.5% in August, while Auckland’s rate eased slightly to 17.5% from 17.9%.
Auckland’s annual rate of house price inflation had soared to nearly 20% by June, so is showing some signs of stabilising – but that didn’t stop its median price hitting a new high of $570,000, beating the previous high mark of $565,000 set in May.