REINZReal Estate Institute of New Zealand
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Although the average value of farms within DairyBase tends to lag transacted market values during periods where prices are changing rapidly, average values in DairyBase have increased by a similar amount to the REINZ dairy price index since 2000.
Helen O'Sullivan, chief executive, REINZ said, "The data for December showed very strong sales growth compared to 12 months ago and a higher level of sales that is normally expected for the last month of the year.
The REINZ Chairman commented, Bindi is an experienced business leader and strategist who has worked in New Zealand, Australia and the UK.
On the latest assignment, Bindi has expressed her delight and stated that becoming a REINZ team member and working in the real estate industry will be exciting.
She added, REINZ is noted for what it has achieved to date, as a strong and vibrant membership organisation and I feel excited to be involved and leading the organisation to its next stage.
Bindi will assume her responsibility at the REINZ in early December 2016.
Dr McDermott said the current monthly REINZ median housing price is timely, but changes in the mix of properties sold each month can make it difficult to identify residential property price trends.
The REINZ housing price index is put together using a technique known as stratification; basically it is an average of sale prices for common groups.
The REINZ Monthly Housing Price Index is a new development and is based on detailed suburb-level data.
REINZ will start publishing the new monthly housing price index on 14 August.
The REINZ Monthly Housing Price Index is based on a value of 1000 in January 1992, the first month for which electronic information is available.
NZDUSD remains firm after dismal REINZ data with the August housing data showing that median home prices have declined to NZD 330K, down 2.