New Zealand house prices continue to rise, with the fastest national growth recorded in over a year and the fastest Auckland growth recorded in over a decade.

Real Estate Institute of New Zealand (REINZ) figures show that compared to June 2014 the median Auckland house price increased by $155,000 or 26 per cent with prices increasing 33 per cent in North Shore and 31 per cent in Auckland city.

The median house prices for June hit $755,000

Although sales volume were 21 percent higher than June 2014, compared to May 2015 sales fell by 11 percent. Barfoot and Thompson had a bumper June with a new all time high in average price of homes sold of 826, 474 in June. 

Despite efforts to cool Auckland's bubbling housing market, low interest rates and record migration continue to increase demand. New Zealand's annual migration has broken records for nine consecutive months now, with a net gain of 56,800 migrants recorded in the year ending April. Roughly half of all new arrivals are heading to Auckland, with high demand and under-supply helping to push prices to record levels. REINZ chief executive Colleen Milne said.

Although some vendors are leaving Auckland there are as many new buyers emerging, leaving the overall supply/demand situation more or less static

Check average house price values by Auckland area here