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Property Management

House prices keep rising

The national median house price rose to match its November record in February although there are some indications that house price inflation may be moderating.

Monday, March 24th 2003

The latest Real Estate Institute (REINZ) figures show the median price rose to $195,000 in February from $193,400 in January. The February price was only 4.8% higher than the $186,00 national median price in February last year...

Compared with January, the median price rose in seven of the country’s 11 regions and fell in four. Prices in all regions, except Manawatu/Wanganui where the median price fell from $114,000 to $110,000, were up compared with February last year

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