House prices yet again
In another story bemoaning the affordability of housing outside Auckland, the Herald also tells us
The median sale price of a home in central Auckland is now $690,000 – slightly up on the previous quarter and 12.5 per cent on the 2007 boom.
That’s still down on the 2007 boom in real terms. The story was followed the very next day by
Auckland real estate asking prices fell 2 per cent last month
The signal to noise ratio in real-estate industry press releases is not all that high.
Thomas Lumley (@tslumley) is Professor of Biostatistics at the University of Auckland. His research interests include semiparametric models, survey sampling, statistical computing, foundations of statistics, and whatever methodological problems his medical collaborators come up with. He also blogs at Biased and Inefficient See all posts by Thomas Lumley »