• Wellington house prices have risen by almost a quarter in a year.

The capital led five of the 12 regions to record high median sale prices in December, Real Estate Institute of New Zealand (REINZ) figures show.

“Wellington experienced strong house price growth, as median prices in the region have risen nearly $100,000, or 22 per cent, over the past year to hit a new record of $530,175, even with sales volumes rising since November,” REINZ chief executive Bindi Norwell said.

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JOHN NICHOLSON/FAIRFAX NZ
Wellington recorded the highest median sales in December, and median values rose almost $100,000 for the year, a 22 per cent increase.