Breaking News

New Zealand REINZ House Price Index MoM

Latest Release

May 12, 2015

Actual

0.5%

6.7%

REINZ began publishing a stratified housing price index, which is based on the same data, but uses mix-adjustment to adjust for compositional change. The approach used to calculate REINZ's housing price index is very similar to that outlined in the Reserve Bank of New Zealand's discussion paper Developing Stratified House price measurement in NewZealand. Housing Price Measures for New Zealand (McDonald & Smith, 2009). However, as further improvement, the REINZ housing price index is now calculated using sales for all transactions (rather than the median price for each suburb) within the stratum.

Importance:

Country:

Currency: NZD

Source: Real Estate Institute

Release Date	Time	Actual	Previous
May 12, 2015	13:15	0.5%	6.7%
Apr 14, 2015	09:00	6.7%	0.8%
Mar 12, 2015	11:25	0.8%	-1.0%
Feb 11, 2015	13:00	-1.0%	-1.0%
Jan 15, 2015	12:30	-1.0%	3.3%
Dec 10, 2014	10:00	3.3%	1.4%

Analysis

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