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- The Palmerston North property market is going “berserk”, as the number of new homes being built continues to climb, builders say.
Figures provided by the Palmerston North City Council show consents issued for new houses have shot up 52 per cent, with 392 granted over the year to September.
Nationally, growth was more modest, with a 14 per cent increase in the same period.
Japac Homes co-owner Paul Haydock said Palmerston North real estate was going through a “crazy period”.
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* Manawatu-Whanganui average house prices at a record high
Murray Wilson/ Fairfax NZ.
Developer Paul Haydock, from Japac Homes, and new home owner Andrew Body.
READ MORE VIA MANAWATU STANDARD