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Despite the restraints the market is operating under, this is a stronger than average October month. We’re seeing the continuation of what is a firm market, despite the pandemic (REINZ).

Seven out of 16 regions reached new record median prices — the most since April 2021. Nine regional records were reached in September 2020, however, this month’s total number of records remains above average for a September month (REINZ).

Property Brokers took top honours in three categories ahead of competitors at the 2021 REINZ Awards for Excellence.

Four out of 16 regions reached new record median prices and 25 districts reached new record median highs. House prices have once again risen across the country, with every region seeing a year-on-year increase from August 2020 (REINZ).

The last two months have shown early indications that the rate of growth is starting to ease, however, it is too early to say whether this is the usual winter easing we would normally see or if the Government’s intervention in the market and signalled changes to the OCR are starting to take effect. (REINZ).

Median prices for residential property 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).