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Property Management

House prices stable for Sept

The housing boom appeared to stabilise in September with median house prices steady on $215,000 and Auckland increases slowing.

Tuesday, October 21st 2003

Latest Real Estate Institute of New Zealand (REINZ) figures show the Auckland median price had a reduced rate of growth, rising from $315,000 in August to $319,000 in September.

It is Wellington that stands out in the results with a 6% rise in the median from $225,000 in August to the latest figure of $238,750 for September.

Other regions showing solid increases included Canterbury/Westland, up from $162,500 to $170,000 and Otago, with an increase in the median selling price from $132,500 to $142,500.

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