House price rises have continued to defy expectations with every region in the country seeing an uplift in median house prices from the same time last year. Five regions set outright records in June. Our area is no exception. 

Median prices for residential properties across New Zealand increased by 28.7% from $637,000 in June 2020 to $820,000 in June 2021, according to the latest data from the Real Estate Institute of New Zealand (REINZ).

Auckland’s median house price increased by 25.0% from $920,000 in June 2020 to $1,150,000 in June 2021. 

The median house price in the Rodney District is now sitting at $1,194,000: a new record for the region.

Jen Baird, Chief Executive at REINZ 

said she expected the market would hold strong for a few more months yet.

“We’ve talked about FONFA (the fear of not finding anything) before, but with less than 14,000

properties available for sale, this is becoming a real issue across parts of the country, especially when houses are selling as quickly as they are at the moment,” points out Baird.

“Looking at the Auckland picture, we’ve seen another record median price and three districts reach new record medians showing how strong the Auckland market is,” she continues.

Eight regions across the country had a median number of days to sell a property of 30 or less – the first time in a June month since records began. Auckland saw the median number of days dropby 22 days from 54 to 32, the lowest for June in 5 years.