Photo: RNZThe latest monthly increase means New Zealand house prices have risen 16.1 per cent in a year - the biggest jump since 2006. CoreLogic's House Price Index - the most complete measure of change in the market - shows nationwide values increased by a further 2.2 per cent in March. They had a 28 per cent share of purchases over January/February, a steady rise from about 21 per cent two years ago. "It was starting to put the squeeze on those first-home buyers." He does not expect house prices to fall in the short-term nor will investors get out of the market.

Source: Otago Daily Times March 31, 2021 21:45 UTC