House price growth slows in Auckland

Residential house price growth in Auckland, New Zealand, slowed in the second half of 2015 but are still higher than where they were at the same time last year. The latest data show that average price at $822,024 in February was up 1.3% on the average price for January and up 10% year on year while the median price at $738,000 was down 2.9% on January but up 7.5% on last February. ‘While prices are down from their record highs, based on past trends, prices in coming months are most likely to b...