New Zealand’s average house price was $455,000 in April, a decrease of $20,000 compared with last month and up $22,750 from April 2014.
The number of properties sold was down, with 7,234 sales in April compared to 8,803 sales in March, according to the REINZ.
April house sales were up 28% compared with the same month last year.
REINZ Chief Executive, Colleen Milne said, “Auckland continues to dominate the real estate market in terms of price movements, but we are starting to see some of the smaller regions show improvements in the number of sales being made and price increases.”
- House prices have increased by $22,750 from 12 months ago, when New Zealand’s median house price was $432,250.
- The number of properties sold was up with sales of 5,670 in April 2014 compared to 7,234 in April 2015.
- There were 1,538 dwellings sold by auction nationally in April, representing 21.3% of all sales and an increase of 432 on the number sold by auction in April 2014.
On an annual basis, eight of the country’s twelve regions saw a rise in price and four saw a fall.
Annual New Zealand House Price Changes
| Region | Median Price April 2015 | Change since April 2014 |
|---|---|---|
| Northland | $347,000 | up 0.5 % |
| Auckland Region | $720,000 | up 18 % |
| Waikato / Bay of Plenty / Gisborne | $350,000 | up 0.6 % |
| Hawkes Bay | $305,000 | up 13 % |
| Manawatu / Wanganui | $222,000 | down 3.2 % |
| Taranaki | $298,000 | down 4.0 % |
| Wellington Region | $411,000 | down 0.9 % |
| Nelson / Marlborough | $356,000 | down 1.1 % |
| Canterbury / Westland | $425,000 | up 7.6 % |
| Central Otago Lakes | $532,000 | up 18 % |
| Otago | $260,000 | up 7.7 % |
| Southland | $200,000 | up 5.3 % |
| New Zealand | $455,000 | up 5.3 % |