PHOTO: SIMON O’CONNOR/STUFF The median house price in Taranaki rose from $345,000 in September 2018 to $400,000 this year.
With demand outstripping supply Taranaki has reached a record median house price.
The median jumped from $345,000 in September last year to $400,000 this year – a 15.9 per cent rise.
Taranaki was one of four regions, including Manawatu/Whanganui, Southland and Hawke’s Bay, to reach a record price last month, data release by the Real Estate Institute of New Zealand on Tuesday revealed.
REINZ ambassador Gary Malcolm said the increase was due to a shortage of properties on the market right around the region.
READ MORE VIA STUFF
adsense