New Zealand - House Price Value
New Zealand: House Price Value
| Mnemonic | HPL.INZL | |
|---|---|---|
| Unit | NZD, NSA | |
| 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.
