Do you recall Labour in 2017 saying house prices were a crisis. Well what would you call the situation today? A castrophe?
Since Labour took office the median house price has increased $320,000 or 60%.
In Auckland the median price is now $1.2 million. Evein in South Auckland the median price is $1.16 million.
Over all of NZ,38% of houses sold cost over $1 million.