New Zealand - House Price Value

New Zealand: House Price Value

Mnemonic HPL.INZL
Adjustments Not Seasonally Adjusted
Monthly 2.47 %
Data Dec 2022 790,000
Nov 2022 810,000

Series Information

Source Real Estate Institute of New Zealand (REINZ)
Release Monthly Property Report
Frequency Monthly
Start Date 1/31/1992
End Date 12/31/2022

New Zealand: Real Estate

Reference Last Previous Units Frequency
Building Permits Dec 2022 2,525,211,253 3,036,311,614 NZD, NSA Monthly
House Price Value Dec 2022 790,000 810,000 NZD, NSA Monthly
Non-residential Building Permits Dec 2022 856,385,655 829,639,886 NZD, NSA Monthly
Residential Building Permits Dec 2022 1,631,892,317 2,150,942,933 NZD, NSA Monthly

Release Information

For New Zealand, the REINZ Monthly Property Report (f.k.a. Housing Market Indicators, Property Market Report) reports median sales price and median days to sell; for dwellings and vacant residential land; for StatsNZ regional councils and districts, REINZ areas, and the country.

  • Measurements:
    • New Zealand dollar (NZD)
    • Days
  • Adjustment: Not seasonally adjusted (NSA)
  • Native frequency: Monthly
  • Start date: As early as 1992m1
  • Geo coverage:
    • Country
    • Districts, 13x INZL_^^
    • Regional councils, 15x INZL_^^^^
    • REINZ regions pre-2017, 12x INZL_RZ^^
  • All concept-geo pairs exist: No

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.

Moody's Analytics supplements

We seasonally adjust using the median house price, using the U.S. Census Bureau's X-13 ARIMA program.