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New Zealand real estate market sees strong sales growth

Posted on 18 April 2012

Residential property sales in New Zealand increased by 25.3% in March compared with a year ago, the best monthly result the market has recorded since November 2007.
The national median house price reached a new record high of $370,000, up 1.4% compared to March last year, the data from the Real Estate Institute of New Zealand (REINZ) also shows. Auckland also recorded a new record median of $495,200, up 5.4% compared to March 2011………………………………………..Full Article: Source


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