Inflation & Prices
New Zealand Posts First Annual Gain in House Prices in 18 Months
- CoreLogic data shows values rise for sixth straight month
- ‘High mortgage interest rates remain a big challenge’
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New Zealand posted its first annual gain in house prices in 18 months amid signs that a tentative recovery is under way this year, according to CoreLogic.
Values in March rose 0.1% from a year earlier, the company said Thursday in Wellington. That’s the first annual increase since September 2022. Prices rose 0.5% from February for a sixth straight monthly gain.