New Zealand's property market still robust
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New Zealand’s housing market is still strong, but interest rates are moving up.
Nationwide median house price rose 5.4% during the year to end-December 2014, (+2.91% inflation-adjusted) to NZ$ 450,000 (US$ 333,324), according to the Real Estate Institute of New Zealand (REINZ). However during the latest month prices declined 1.3% month-on-month.
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