11 Sep 2015

First-home buyers, investors drive market - REINZ

11:12 am on 11 September 2015

The Real Estate Institute says first-home buyers and investors are still the main drivers of the property market.

Last month's real estate numbers show the median national price held steady at $465,000 compared with July, and nearly 11 percent higher than a year earlier, though the annual price rise in Auckland was almost double the national rate.

The number of houses sold was up 42 percent on a year ago.

Real Estate Institute chief executive Colleen Milne said the "hot" Auckland market was showing some signs of slowing, but the rest of the country was now picking up and the overall market looked set to stay strong.