House prices hit their highest rate of annual growth in 15 years in the year to March and CoreLogic says that justifies the Government’s move to rebalance the market. CoreLogic’s latest house price index showed nationwide values rose by another 2.2 per cent in March, which left the national average value at $845,491. It also took the annual growth rate to 16.1 per cent, which was the highest rate since January 2006. The quarterly growth rate also kept up the pace, with an increase of 7.2 per cent. READ MORE:* Yay, and boo, for New Zealand's soaring house prices* Hamilton house prices continue to climb* Is house price growth starting to slow?

Source: Stuff March 31, 2021 15:56 UTC