New Zealand’s median house price was unchanged in September at $290,000. This is $50,000 higher than September 2004. 9,186 houses were sold in September 2005, well up on the September 2004 figure of 7,855.
Murray Cleland, of the Real Estate Institute of New Zealand commented, “A combination of strong sales, especially when compared with September 2004 and a drop in days to sell suggests a much stronger and more liquid market in September”.
Mr Cleland added that the main reason for the unchanged median, despite rising sales and falling days-to-sell, appeared to be a shift to more sales of properties under $400,000.
House Price Changes
| Region | Median Price September |
Change since August |
| Northland | $256,150 | up 2.5 % |
| Auckland Region | $379,000 | up 1.1 % |
| Waikato / Bay of Plenty / Gisborne | $265,000 | up 0.8 % |
| Hawke’s Bay’s | $250,000 | down 1.5 % |
| Manawatu/Wanganui | $175,000 | up 1.2 % |
| Taranaki | $225,250 | up 4.3 % |
| Wellington Region | $296,500 | down 3.8 % |
| Nelson / Marlborough | $262,500 | down 2.9 % |
| Canterbury / Westland | $259,000 | down 0.4 % |
| Otago | $220,000 | up 14.0 % |
| Southland | $126,500 | down 7.0 % |