New Zealand - House Price Value

New Zealand: House Price Value

Mnemonic HPL.INZL
Adjustments Not Seasonally Adjusted
Monthly 3.06 %
Data Jun 2020 639,000
May 2020 620,000

Series Information

Source Real Estate Institute of New Zealand (REINZ)
Release Property Market Report
Frequency Monthly
Start Date 1/31/1992
End Date 6/30/2020

New Zealand: Real Estate

Reference Last Previous Units Frequency
Building Permits Jun 2020 2,163,137,386 2,070,174,459 NZD, NSA Monthly
House Price Value Jun 2020 639,000 620,000 NZD, NSA Monthly
Non-residential Building Permits Jun 2020 752,831,911 553,250,846 NZD, NSA Monthly
Residential Building Permits Jun 2020 1,381,399,394 1,480,731,178 NZD, NSA Monthly

Release Information

The REINZ Property Market Report (fka Housing Market Indicators) reports the data for median sales price and median days to sell for the  16 regional councils in New Zealand defined by Statistics New Zealand, as well as the national data.

REINZ uses a median method instead of an average method to give a more accurate measure of the mid-point of residential properties in New Zealand. Using the middle house in the range to reflect the sales price of what majority of houses are sold for. If they use an averaged approach, the price would fluctuate between these two extremes depending on the highest and lowest prices.