Kiwis See Average 16% Home Price Falls From Peak, But Hopium Ahead!

In this show we look at the latest property data from New Zealand, from the REINZ and CoreLogic. The Real Estate Institute of New Zealand (REINZ) released its July 2024 data at the end of August. The national median price decreased by 2.2% year-on-year, from $770,000 to $753,000, and decreased by the same amount month-on-month. For New Zealand, excluding Auckland, the median price decreased 1.5% year-on-year from $680,000 to $670,000. Month-on-month, the median price also decreased by 1.5%. But here is the REINZ spin. “In July, we saw an increase in sales across the country compared to last year and […]