Auckland house prices remains "stubbornly high", despite winter and the Government's crackdown on property investors. Sale prices by Auckland's largest agency Barfoot & Thompson were up 2.6 per cent in the last month to make annual rises 21.9 per cent. The average price paid was $1,143,328, up 2.6 per cent on May and the median price at $1,109,000 was up 3.4 percent, the company said today. "The rate at which prices are increasing did ease slightly in June but the rate remains stubbornly high." The Treasury is expecting house price growth between 2021 and 2022 to be 0.9 per cent.

Source: New Zealand Herald July 04, 2021 22:16 UTC