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'Unsustainable': Real estate industry says 'unaffordable' house price rises have to slow down

Unsustainable : Real estate industry says unaffordable house price rises have to slow down
Newshub
3 hrs ago
Dan Satherley
© Video - The AM Show; Images - Getty
Related video: National unveils plan to fund infrastructure, get houses built.
House prices are rising so quickly, even real estate agents are calling for calm.
Prices hit new records across most of the country in March, according to the latest figures from the Real Estate Institute of NZ (REINZ), which represents the industry.
Auckland s median went up 18.5 percent to $1.12 million. Other regions that hit new highs were Northland, Waikato, Gisborne, Hawke s Bay, Manawatu/Whanganui, Tasman, Marlborough, West Coast, Canterbury. Otago and Southland. ....

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REINZ March Data: House Prices Hit New Highs, Properties Sell At Fastest Pace & Highest Percentage Of Auctions Ever

Friday, 16 April 2021, 5:45 am
Median prices for residential property across New Zealand
increased by 24.3% from $665,000 in March 2020 to $826,300
in March 2021 a new record high for the country.
Additionally, 12 out of 16 regions reached record median
prices and so did 32 districts, 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 house prices for New Zealand
excluding Auckland increased by 23.6% from $550,000 in March
last year to $680,000, a new record high for the
country.
Auckland’s median house price increased by
18.5% from $945,000 in March 2020 to $1,120,000 in March ....

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SunLive - BOP annual salary hits all-time high - The Bay's News First

SunLive - BOP annual salary hits all-time high - The Bay's News First
sunlive.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunlive.co.nz Daily Mail and Mail on Sunday newspapers.

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SunLive - Positive steps in gender pay - The Bay's News First

SunLive - Positive steps in gender pay - The Bay's News First
sunlive.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunlive.co.nz Daily Mail and Mail on Sunday newspapers.

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Community Scoop » REINZ March Data: House Prices Hit New Highs, Properties Sell At Fastest Pace & Highest Percentage Of Auctions Ever

Press Release – REINZ
Median prices for residential property across New Zealand increased by 24.3% from $665,000 in March 2020 to $826,300 in March 2021 a new record high for the country. Additionally, 12 out of 16 regions reached record median prices and so did 32 districts, …
Median prices for residential property across New Zealand increased by 24.3% from $665,000 in March 2020 to $826,300 in March 2021 a new record high for the country. Additionally, 12 out of 16 regions reached record median prices and so did 32 districts, 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. ....

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