B Residential Property Data

$27k price increase sees NZ hit new record median price in May

Released 14 June 2018

A year-on-year price increase of $27,000 has seen New Zealand achieve a new record median house price of $562,000 – a 5.0% increase – according to the latest data from the Real Estate Institute of New Zealand (REINZ), source of the most complete and accurate real estate data in New Zealand.

Median prices for New Zealand excluding Auckland increased by 5.8% annually to $455,000, up from $430,000. However, Auckland’s median price decreased 1.3% from the same time last year, with May 2018 seeing a price of $852,000 (down from $862,800 in May 2017).

REINZ Monthly Property Report & Regional Commentary

Housing Price Index

Latest Statistics Table

Latest Sales Price Medians

For access to historical House Price Index figures, please contact REINZ Business Analyst, David Shaw dshaw@reinz.co.nz. A fee applies for non-members.