House prices have hit another all-time high, though new loan restrictions appear to have slowed the pace of sales.
Real Estate Institute figures show the national median price rose 2% to $407.525 and Auckland, Canterbury and Waikato regions all had new record medians.
But on a seasonally-adjusted basis, sales fell 4.1% in October compared with the same period a year ago, which the institute blames on the Reserve Bank's restrictions on low deposit loans.
