Source: REINZ, Ray White Economics
Similarly, among regions, five out of 16 are showing both positive one-year and three-year house price growth, and all regions( Gisborne, Southland, West Coast, Nelson, and Canterbury) have median house prices below the national median.
The most expensive regions( Auckland, Bay of Plenty, Waikato, and Wellington) show the largest long-term decrease in prices, with little consistency in price appreciation.
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