13 Oct 2020

House prices break records - again

From Midday Report, 12:11 pm on 13 October 2020

House prices are continuing to break records across the country, with the median now selling for 685-thousand dollars.  

The Real Estate Institute's monthly report shows nine regions recorded new highs during September.

In Gisborne, prices are up 46 percent on last year; and on the West Coast they're up 35 percent.

And the number of houses sold is also booming.

Māni Dunlop spoke to the chief executive of realestate.co.nz, Sarah Wood.