In this episode, we discuss the latest property market stats for the month of June, as well as discuss what the REINZ House Price Index is, what it means and how it is calculated.
The difference between the median house price and the HPI is that the median house price is subject to fluctuation in the make up of what actually sold in any given month, whereas the HPI adjusts for what sort of properties sold from month to month. That means that HPI is a more nuanced metric which acts as a barometer for the overall property market.
We also mention JUNO magazine's upcoming property issue, which will be released mid-August. We currently have a special running, which is an annual subscription of 4 magazines for $20. Click here to subscribe to the magazine.
The Property Academy Podcast