New Zealand house prices hit a new record, up $80,000 within a year according to the Real Estate Institute whose chief says it's too soon to see any effects of coronavirus.
Data just out from REINZ showed national house prices rose from $560,000 last February to $640,000 last month and seven regions record new record medians.
"It's too soon to see any effects from COVID-19 on sales volumes, however, this is something we'll be keeping a close eye on over the coming months," said Bindi Norwell, referring to strong fundamentals including low-interest rates.
Even the previously sluggish Auckland market has fired up again, median prices up 4.3 per cent from $851,000 a year ago to $888,000 last month. That was the highest Auckland price in more than four years.
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