House prices hit record highs in Auckland and Christchurch last month. Still upward price pressure in Auckland
July 4, 2014
House prices hit all time highs in its northern region (Auckland and Northland) and Christchurch last month, according to New Zealand's largest real estate agency.
Harcourts said the average price of homes it sold in the northern region in June was $720,815, compared with the previous record high of $697,454 set in May, while the average price of homes it sold in Christchurch was $529,09, setting new price records in both cities. Harcourts didn't supply median prices.
And Auckland prices may have some way to go yet.
Harcourts chief executive Hayden Duncan said there was still strong upward pressure on prices in Auckland.
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