House prices up 16.1 percent in a year - a podcast by RNZ

CoreLogic has crunched the numbers, and house prices continue to climb.
According to their House Price Index - the most complete measure of change in the market - nationwide values increased by a further 2.2 percent in March.
That increase has taken the annual growth rate to 16.1 percent - the highest rate of growth in fifteen years (2006). CoreLogic says it's bad news for first home buyers.
Nick Goodall is head of research.

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