Lower than prior month of 9.7%

The June QV house price index in New Zealand rose by 8.1% yoy vs. 9.7% previously.

  • The gain was the weakest since March 2015
  • Gain for 3 months was 1.2%
  • Auckland prices rise 7.2% - slowest since 2012; prices were unchanged in three months through June
  • Sales volumes in Auckland plummet 30% yoy due to high prices and stricter lending criteria
  • Avg. national value NZ$639,051 is 54% above previous peak in 2007
  • Auckland avg. NZ$1,045,059 or 91% above the prev. peak.
  • Wellington increase 18% yoy
  • Queensland Lakes gain 19.2%