PHOTO: JONATHAN MURDOCH/STUFF Hawke’s Bay prices are already up strongly but that may continue for some years to come.
If you bought a median-priced house in Auckland at the end of 2013, you would have paid just over $500,000.
Six years later, even during a slump in the city’s market, that same house would have been worth more than $800,000.
With an affordability crunch, tighter lending criteria and more restrictions on investors, New Zealanders are being told not to expect increases like that over the next few years.
But there are still pockets of strong price rises around the country – Gisborne prices increased $2645 a day between April and May.
So, if you’re looking for capital gains in the next few years, where should you buy?
READ MORE VIA STUFF