Latest figures from the Real Estate Institute of New Zealand show the median price of a house in New Zealand was unchanged at $330,000 between November and December 2006.
- House prices are 12 percent higher than one year ago.
- Sales of properties increased from 6,906 in December 2005 to 8,245 in December 2006.
- 35 percent of properties in New Zealand sold for over $400,000 in December 2006 compared with 22 percent in December 2004, two years previously.
REINZ President Murray Cleland said that the December figures showed a resilient market.
“Contrary to some commentators’ predictions, the residential market continues to perform strongly.”
Six out of the New Zealand’s twelve regions reported price rises in December.
House Price Changes
| Region | Median Price December |
Change since November |
| Northland | $290,500 | up 1.9 % |
| Auckland Region | $422,500 | down 0.6 % |
| Waikato / Bay of Plenty / Gisborne | $300,000 | down 1.6 % |
| Hawke’s Bay | $255,000 | down 7.3 % |
| Manawatu / Wanganui | $215,000 | up 3.4 % |
| Taranaki | $270,000 | up 1.9 % |
| Wellington Region | $365,000 | down 1.4 % |
| Nelson / Marlborough | $320,000 | up 0.3 % |
| Canterbury / Westland | $290,000 | up 0.2 % |
| Central Otago Lakes | $422,500 | up 7.6 % |
| Otago | $229,000 | down 2.5 % |
| Southland | $150,000 | down 3.2 % |