The average New Zealand house price rose by $98 a day or nearly $700 a week over the past year, a new analysis shows.
That means that many homeowners earned just $21 more than their house did in a day – the latest Statistics NZ figures show Kiwis earned a median daily wage of $119 (based on a seven-day week).
But in some areas, such as the North Shore, prices surged even higher – to $289 a day, or $2028 a week – with houses earning $163 more than they did in a day (Aucklanders earned a median daily wage of $126).
The daily cost dropped in less thriving areas around the country, including Taupo, by $7 a day.
In Wellington, it rose just $22 a day.
The Herald compared Quotable Value’s average residential house values for May to the same month last year, breaking it down into days, weeks and months.
Between the same two months in 2010 and 2011 – before house prices started skyrocketing – national daily prices dropped $104.
House prices rise almost $100 a day – Property – NZ Herald News.
