PHOTO: Rose Davis/Stuff – Waiheke Real Estate manager Paul Brisbane says the median house price on the island rose about five per cent over the past year.

Waiheke Island house prices have risen by about five per cent to a median price of $940,000.

Over the year to the end of March, median prices rose slightly, after a drop due to more low priced houses selling, Waiheke Real Estate manager and salesperson Paul Brisbane said.

“In the past seven to eight months, the number of available listings has doubled, mostly from landlords selling rental properties,” Brisbane said.

READ MORE VIA STUFF