New Zealand - House Price Value

New Zealand: House Price Value

Mnemonic HPL.INZL
Adjustments Not Seasonally Adjusted
Monthly 2.93 %
Data Sep 2019 597,000
Aug 2019 580,000

Series Information

Source Real Estate Institute of New Zealand (REINZ)
Release Property Market Report
Frequency Monthly
Start Date 1/31/1992
End Date 9/30/2019

New Zealand: Real Estate

Reference Last Previous Units Frequency
Building Permits Sep 2019 2,019,801,943 1,983,529,784 NZD, NSA Monthly
House Price Value Sep 2019 597,000 580,000 NZD, NSA Monthly
Non-residential Building Permits Sep 2019 617,615,214 551,720,963 NZD, NSA Monthly
Residential Building Permits Sep 2019 1,360,645,586 1,393,840,086 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.