It wasn’t so long ago that the market was roaring ahead on the back of years of double-digit growth. Back in the summer of 2021, for example, Auckland had a median price of NZ$1.15 million , according to the Real Estate Institute of New Zealand , with a national median price of NZ$820,000 . This compared with a median price of €392,500 for Dublin and €265,000, nationally, at the time.
Last month, Reinz chief executive Jen Baird said: “It’s clear that current high interest rates combined with a tight economy are still influencing the market as buyers continue to act with caution while economic headwinds play out.” New Zealand: The national median house price in Aukland is at NZ$995,000 , according to latest figures for May.
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