Median house prices for residential property across New Zealand reached a record $826,300 in March this year. PHOTO: SHAWN MCAVINUEHome buyers appear to shrugged off the arrival of new loan to value ratio (LVR) rules as house prices soared again in March. Median house prices for residential property across New Zealand reached a record $826,300 in March this year. "We would expect house prices to continue rising, but we hope this will be at a slower pace than we've seen over the last 6 to 12 months," Alexander said. In addition to Auckland, 11 other regions reached record median prices.

Source: Otago Daily Times April 14, 2021 22:18 UTC