House prices climb $3K a week, rising at fastest rate since 2004JOHN NICHOLSON/FAIRFAX NZ House prices are rising at the fastest rate since 2004. In June alone, the average house value rose by more than $3000 a week. The latest QV research shows the average house price now sits at $590,909, while the average house price in Auckland creeps closer to the million-dollar mark. The average New Zealand house value is rising by more than $10,000 a month, as investors snap up homes ahead of new lending restrictions. The average house prices are $771,270 and $1.135m respectively.

Source: Stuff July 05, 2016 00:01 UTC