REINZ reported this morning that NZ median property prices ex Auckland ended up 6.6% year on year.

The Waikato region had another strong year reporting an 11.7% gain in median house prices.

Volumes are down, but they are down from very high levels.  I think we are heading into a period of more sustainable growth because we are still not building enough houses, interest rates are still low and migration is still strong, though coming off record highs.

John Kenel, Assured