Auckland average house value now over 1 million

From Jesse Mulligan, 1–4pm, 1:15 pm on 6 September 2016

Quotable Value's monthly house price index for August show values in the region have increased 16 percent in the past year to an average of 1.013 million dollars.

The national average value has risen 15 percent in the past year to 612-thousand 500 dollars.

QV spokesperson, Andrea Rush discusses why the market still hasn't cooled.

House Prices

House Prices Photo: RNZ

Get the new RNZ app

for easy access to all your favourite programmes

Subscribe to Jesse Mulligan, 1–4pm

Podcast (MP3) Oggcast (Vorbis)