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New Zealand’s property market buoyant

Posted on 19 October 2012

Residential property prices in New Zealand have continued to rise in the third quarter of 2012. The national housing median price rose by 6% to NZ$371,000 (US$304,168) during the year to September 2012, according to the Real Estate Institute of New Zealand (REINZ).
Locally, Southland registered the biggest annual house price increase, with a 17% year-on-year (y-o-y) rise in September 2012. Districts which also recorded strong annual house price rises include Central Otago Lakes (14.4%), Auckland (8.4%), and Nelson/Marlborough (8.3%)………………………………………..Full Article: Source


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