PHOTO: MARION VAN DIJK/STUFF Median house prices have cracked the $600,000 mark in Nelson for the first time.
Median Nelson house prices have risen by 16.6 per cent in just one year, the third-biggest jump in the country.
The Real Estate Institute of New Zealand (REINZ) monthly property report showed the median house price in Nelson in November this year was $610,000, compared with $523,000 in November last year.
This is the first time the median house price has cracked $600,000 in Nelson.
REINZ CEO Bindi Nowell said this record rise coincided with an increase in properties sold in the $750,000 to $999,999 price range. Houses sold in this bracket doubled, going from 10.3 per cent in November 2018 to 20.7 per cent in the same month this year.
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