House prices continue to rise
House prices continue to rise
12 August 2021
Real Estate Institute figures show the median price for residential property across the country has increased by 25 percent in the year to July.
It's now 826 thousand, compared to nearly 660 thousand a year ago.
Chief executive Jen Baird says every region saw a year-on-year increase from July last year.
She says the last two months have shown early indications price growth is starting to ease.
However, she says it's too early to say whether it's the usual winter easing, or if Government intervention and forecast Official Cash Rate changes are beginning to have an impact.
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