New Zealand’s housing market soars, with record prices for second month in a row
Average price hits $788,967, an increase of 2.6% – amid 6.1% growth in 2020’s final quarter
New Zealand’s housing bubble shows no sign of bursting, with record prices recorded for the second month in a row.
The property research firm CoreLogic’s house price index shows that the average house price hit $788,967 in December, reflecting an increase of 2.6%. Growth for the final quarter of 2020 was 6.1% – the highest recorded since the 6.6% in the three months to February 2004.
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