New Zealand Economy

NZ house prices plunge in January

Leith van Onselen
Tuesday 14 February 2017
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By Leith van Onselen

The REINZ has released its house price data for January, which revealed a seasonal 5.0% monthly fall in the national median house price, with prices up 9.4% year-on-year:

ScreenHunter_17413 Feb. 14 08.58 ScreenHunter_17415 Feb. 14 08.59

Outside Auckland, house prices fell by 5.6% in January, with prices up 9.8% year-on-year.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.