PHOTO: NZ housing market
The mercury continues to rise on New Zealand’s already red-hot property market.
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Figures released today by Core Logic show a rate of growth not seen for 17 years, with house prices jumping more than 6 per cent in the last three months of 2020 – the largest increase since 2004.
In the main centres, Tauranga saw the largest quarterly price spike in nearly two decades, with a rise of more than 10 per cent.
The average value has now hit $876,122, up from under $800,000 at the end of September.
READ MORE VIA TVNZ
