CoreLogic's house price index increase in December eclipses November's record (File image). Property research firm CoreLogic's house price index rose 2.6 percent in December, with the average property price hitting $788,967. CoreLogic head of research Nick Goodall said the increase was driven by low interest rates, attractive capital gains and tight supply. Judging by the growth rates, he believed jumping on the property ladder will be out of reach for more and more people in 2021. According to CoreLogic, Christchurch had the smallest price increase of the main centres, inching upwards by 1.6 percent in December to $539,561.

Source: Otago Daily Times January 05, 2021 17:37 UTC