ANALYSIS: According to the monthly data released by REINZ house prices around the country have gone up 0.5% a month on average over the three months to the end of October. This is a change from average falls of 0.6% a month in the three months to July and 0.3% in the three months to April. The price cycle has turned upward.
For Auckland the average change in prices has risen to +1% a month from falling 0.9% a month but you need to be careful not to read too much into regional data over such short periods of time as things can go all over the place at times.